Hualihuawai has currently launched two e-books, namely "Blockchain Methodology" and "Advanced Blockchain Thinking".

E-book "Blockchain Methodology"
E-book "Blockchain Methodology"

This book is the second e-book of Huali Huawai, which is divided into two volumes. The first volume was launched on June 20, 2024 (a total of 343,000 words), and the second volume will be launched on December 30, 2024. "Blockchain Methodology" (Dalong's Blockchain Thinking Notes 2024 Edition) is mainly divided into three categories: investment strategy methodology, self-cultivation of leeks, annual narrative and projects. Each category is composed of different sub-sections.

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Investment is not gambling. For some people, keeping money may be more important than making more money. In the previous article (September 4), we briefly discussed the basic situation of this bull market by reviewing the previous bull market. In the article, I also mentioned that, personally, I don’t care about any short-term fluctuations in the market. My core idea is the currency standard. In other words, as long as I can ensure that the amount of bitcoins I have in my hands continues to increase, I don’t care much about the current price fluctuations of bitcoins.

1. K-line history and basic introduction
K-line, also known as Yin-Yang candlestick or candle line, is a kind of graph that reflects price trends. Its characteristic is that it condenses and organizes the price trend of the target within a period of time, and uses different colors and shapes to reveal price information and market sentiment for investors to analyze. It is very easy to read and understand, practical and effective. It is widely used in technical analysis of stocks, futures, precious metals, digital currencies and other markets, which is called K-line analysis.
It is said that K-line was invented by Homma Munehisa, a rice merchant in the Edo period of Japan, to record the daily rice market and analyze the futures market. In Japanese, (けいせん) is pronounced as keisen, so it is translated into Chinese as K-line.

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Since March and April this year, many people seem to have slowly fallen into a state of bull market pessimism, that is, they believe (or hear others say) that we are still experiencing a bull market, but their mentality is completely that of a bear market.
In some of our previous articles, we have mentioned that the market is unpredictable. No one knows how the market will move in the future, but we will continue to be optimistic and believe that there may still be new opportunities in late 2024 or the first quarter of 2025. Let's first look at the overall performance in September, because new trend changes may occur in September.

Source: HualihuawaiDAO
1. About Bitcoin
1. Basic Introduction
Bitcoin is a digital currency that runs on the basis of blockchain technology. This article mainly provides a detailed review of the knowledge of the cryptocurrency Bitcoin.
Satoshi Nakamoto first published Bitcoin: A Peer-to-Peer Electronic Cash System on the P2P foundation website on October 31, 2008. It has been 16 years since then, and the maximum increase of Bitcoin has exceeded 96 million times, as shown in the figure below.

(The above figure is up to August 2024)

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I remember a friend in the group shared a sentence before: If you don’t know who is providing the income, then you are the one providing the income. I think this sentence makes sense. The same is true for the security of using encrypted wallets. If you are not sure what the operation you are doing means, then every on-chain interaction or signature you make may lose the assets in your wallet.

Some time ago, Scam Sniffer released a phishing report for the middle of 2024: In the first half of this year, 260,000 victims were phished on the EVM chain (i.e., the Ethereum chain), with a cumulative loss of $314 million. Compared with the $295 million stolen by phishing attacks last year (2023), it took only 6 months this year to reach this number. As shown in the figure below.

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In the article about MemeCoin a few days ago (August 25), we also mentioned that it seems to be becoming increasingly difficult to find and track the smart money (wallets that participated early and have high PnL) in MemeCoin transactions, because scammers may create dozens or even hundreds of wallets for transactions, and in order to avoid being tracked and avoid these wallets from being associated with each other, they will also process funds through protocols such as Elusiv, so that ordinary users will find it difficult to find the association between these wallets because they look like the real buyer/seller wallets of MemeCoin. As shown in the figure below.

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A few days ago, a friend shared a case with me, saying that someone made $5 million with $10. As shown in the figure below.
I have heard many similar stories. I can only say that such things may happen, but they will not happen to most people. If someone can use leverage and contracts to leverage a small amount of principal to gain a large return, I personally will not envy such a result, nor will I deliberately imitate it, because I know that I will definitely not be able to do it. I can't do leverage contracts anyway.

1. What is the Layer of Blockchain?

Data Layer: Data with distributed and tamper-proof properties, which needs to be maintained by all nodes.
Network Layer: A huge decentralized peer-to-peer network consisting of all nodes on the blockchain.
Consensus Layer: Blockchain requires a consensus mechanism to maintain data consistency. Famous consensus mechanisms include PoW, PoS, and DPoS.
Actuator Layer: The reward mechanism of the blockchain, where each node maintains the blockchain network, packages blocks and strives for the right to record accounts.

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In the article a few days ago (August 21), we briefly introduced some situations of Pumpfun and SunPump, and sorted out 6 precautions to avoid participating in the Rug Pull project.
Pumpfun is a Solana-based MemeCoin creation and trading platform that allows anyone to easily create (no code foundation required) and trade MemeCoin with just a few clicks of the mouse. The platform first appeared in January 2024 and quickly gained a lot of attention as soon as it debuted.

Due to the popularity of MemeCoin, PumpFun has directly brought in nearly $6.3 million in revenue in the past 7 days alone, which has even exceeded the revenue levels of established projects such as Aave (generated $4.79 million in revenue in the past week) and MakerDAO (generated $3.28 million in revenue in the past week) in the same period. As shown in the figure below.

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Since last year, we have found that some traditional financial giants are actively deploying RWA (Real World Assets). For example, Goldman Sachs launched GS Dap (the platform is developed based on Digital Asset's Daml smart contract language and privacy blockchain Canton) to tokenize traditional assets, Siemens issued a $60 million bond with the help of RWA, and BlackRock launched the tokenized investment fund BUIDL (the fund mainly focuses on investing in liquid assets such as U.S. Treasury bonds, repurchase agreements and cash), and so on.
Previously, Citi also released a research report "Money, Tokens, and Games". They predicted that by 2030, there will be 4 trillion to 5 trillion US dollars of tokenized digital securities, and trade finance transactions based on distributed ledger technology will reach 1 trillion US dollars.

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MemeCoin seems to be still gaining attention recently. At the beginning of this month (August), Pumpfun announced two updates:
- Token creation is completely free. Anyone (without any technical knowledge) can issue tokens with one click through Pumpfun. The original 0.02 SOL fee that the creator needs to bear will be borne by the first buyer after the corresponding token is created.

- When a token completes its Bonding Curve, the creator will also receive a reward of 0.5 SOL, which comes from Pumpfun's migration fee, regardless of whether the creator has held or still holds the token.

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Last year (2023), Hualihuawai has sorted out some articles about TG Bot, and we made some simple comparisons of the popular Unibot, Maestro, Wagie Bots, Banana Gun, etc. as shown in the figure below.
At the beginning of this month (August), a friend suddenly left me a message on WeChat asking me about Banana Gun. He said that he bought BANANA at more than 60, and then it started to fall after he bought it, and it kept falling to around 40. He was trapped and asked me what to do?
According to my previous habit, I would first ask two questions: What is the proportion of your purchase position? Can you list the three reasons why you decided to buy the coin?

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Although it has been developed for more than a decade, Bitcoin still seems to be a sensitive topic in some places. But even so, Bitcoin has achieved great results in the past decade, and its asset price performance has exceeded that of various assets such as gold, oil and stocks. As shown in the figure below.

From the perspective of total market value, Bitcoin has already ranked among the top 10 asset types in the world, as shown in the figure below.
Many people may be curious, who holds the most Bitcoin now?

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Many people want to succeed in doing something. They often have a relatively clear ultimate goal, such as hoping to make $1 million with $10,000, but they lack a systematic execution strategy customized to achieve their goals. Simply put, they lack a set of methodologies that suit them.
There are many ways to form a methodology, such as:
- Blindism
They never think about the so-called methods or strategies, believing that they are useless. They naively believe that as long as they gamble a few MemeCoins, they can become rich overnight like the stories they have heard. They even build their dreams of getting rich directly on others (mostly strangers). However, the result is often that at best they may lose some tuition fees, and at worst they may directly fall into a pig-killing scheme and lose all their money.

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Although some people may say that the data on the chain is for the leeks to see. But even so, as long as the data or indicators of the corresponding tools can provide us with some new help or guidance, we can also use and study them as necessary. Everything is dialectical, and we can be tolerant of everything.
On-chain data is mainly targeted at two groups of people: those who use on-chain data for research and analysis (institutions or media, etc.) and those who use on-chain data to explore money-making opportunities (traders or investors).

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One of the hot topics that many people are paying attention to today (August 13) is probably the discussion between Musk and Trump on Space on X. The entire conversation lasted nearly 2 and a half hours and had more than 1 million listeners. During the conversation, Trump talked about many topics, including previous shootings, illegal immigration, Biden's withdrawal from the election, etc., but the two bigwigs did not mention the crypto industry in this conversation, which seemed to disappoint some friends.

Even so, MemeCoin still caught the wave of popularity very well. A large number of related concept MemeCoins were born on Pumpfun at the same time. Because Musk frequently said "Yeah" during the conversation, the related concept coin Yeah became one of the most popular concept coins. The market value of this MemeCoin once rose to 1.5 million US dollars 30 minutes after its deployment, but the fluctuation was also huge. As of the time of writing this article, the market value has fallen back to around 480,000 US dollars. As shown in the figure below.

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A few days ago (August 7), we published an article through the backup account of Hualihuawai DAO, making a simple guess from the perspective of market value, and believed that the highest price of SOL in this bull market may reach 394-506 US dollars.
Then, some friends left messages expressing different opinions. Some friends thought SOL was garbage, while others thought SOL would at least rise to $1,000.
Different people will naturally have different views and opinions on any matter. Anyway, speech is relatively free and your wallet is your own. The focus is not what others say, but what you will do.

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A few days ago, I saw some friends in the group discussing the issue of ETH. Judging from the price, SOL's performance in this bull market is obviously better than ETH. Is ETH really in trouble?
Then I also responded with my own temporary plan, and I said: If Ethereum falls to around 2150, then I might consider buying a little bit of spot and try to make a small wave.
Although I mentioned in my previous article that I rarely do swing trading, the reason I said it above is actually just to simply express my attitude from a different perspective. I am optimistic about Ethereum.

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The crypto market itself is actually like a big game. If it is a game, there will be game manipulators, and various news (positive or negative) will often become one of the most advantageous manipulation tools in this game.
Many people like to read the latest news and even dig up all kinds of gossip, but most of the time, news should be regarded as a reference tool rather than a result of action. If you chase highs when you see good news and sell at a loss when you see bad news, then you have fallen into the trap set by the manipulator.