Today I paid off all my consumer loans of 130,000 yuan, and I am going to pay off my mortgage of 100,000 yuan in advance, and buy a medical ETF fund of 70,000 yuan, and I will keep 8,000 yuan for rent. Now I am finally debt-free. Since my salary card can only be withdrawn at the counter after receiving black money in 21 years, I need to go to the bank to withdraw money every month after receiving my salary, and then pay off my loan or credit card. I have been in a state of having no money in my hands. This has lasted for three years. The worst was in August last year. If I took out the money from the stocks to pay off the loan, it would not be enough. I would like to thank Binance and BNB here.

In fact, I am reluctant to spend these 40,000 U, because these 40,000 U can also have a return of 7 or 8 U a day in financial management. Maybe I got it before and lost it. This time I got it again, and I am more afraid of losing it, so I am doing a contraction strategy now.

In 2021, I also fully invested in HT. At that time, I cleared my position when HT was 22u. I had more than 1.2 million in my hand. Then I called my family and classmates to tell them that I had made money. I felt so awesome. After clearing my position, I was going to borrow some more money to buy a house in full. At that time, houses were hot and I had to buy a house in full. Haha, but later I plunged into the stock market and borrowed 200,000 from Jiebei. I fully invested in Tencent. March 2021 was the last afterglow of China Internet. This set lasted for more than a year. In the middle, I used credit cards to replenish my position. In the end, I sold my stocks and lost more than 1 million in the stock market. Every time I paid off my credit card after taking out my salary from the bank, it seemed like I could never pay it off. It feels so uncomfortable that I haven't saved any money after working for many years.

In November 2023, I saw BNB 240 on EuroYit. I sold my 26 yuan CMB and invested in BNB. Then I suddenly found that I could log in to Binance without climbing over the firewall, so I transferred BNB to Binance and deposited it for 120 days. At that time, I could save 500 yuan in 120 days, and the annualized return was 3.5%. Then I borrowed money from Jiebei and consumer loans to increase my BNB position. Because I had tasted the sweetness of platform coins, I was still very confident in BNB. I remember that I could buy 94 BNBs at most with 200,000 yuan, and more than 70 BNBs at least. Later, I borrowed 950,000 yuan at most, which was also quite stressful. The interest was about 7,000 yuan a month. After paying off the mortgage and interest in one month's salary, there was nothing left.If I were more extreme at that time, I would have borrowed more BNB to buy 50,000 BNBs at once, and then used the income from mining new coins to repay the loan. Unfortunately, I still lacked courage. I remember when I said I needed 500 BNBs, someone commented in the comment area that it was not an ordinary person to have 150,000 Us. Haha, at that time, it only took 150,000 Us to buy 500 BNBs. If I really bought 500 BNBs, I would have mined more than 10 new coins by now, and the income from mining new coins would probably be more than 200,000.

There are a few things that I haven’t done well in this bull market.

I didn’t get 500 BNB at once. At the highest point, I held 445 BNB. In fact, I could have gotten 500 BNB with some effort, but I was under great pressure because of too much debt.

Another reason that led me to reduce my position was to clear my MX and buy GT for mining. I heard someone in the comment area say that GT mining has high returns, so I cleared my MX and reduced my BNB. I bought a total of 5,000 GT and started GT mining. The returns were really too low. This operation caused a crack in my Taoism. Then BNB fluctuated in the middle and fell to around 500. Later, when I saw BNB rise back to 580, I slowly reduced my position. Now I only have 260 BNB left.

I know that my own bull market is over, because it is basically impossible to reach 500 BNB in ​​this bull market. I will not increase my BNB position after mining and selling the new coins. I plan to eat the new coins from the head to the tail. That is, after selling the new coins, I will short the new coins that have been listed on Binance for a month. I will short each new coin a little bit, without stop loss, without looking at the K-line, and start shorting from ACE, because ACE is the first new coin mining I participated in. Form a low-multiple short new coin ETF. Why do you want to short the new coins? First, it is to hedge BNB. If the new coin rises, it means that the value of BNB is greater, which is indirectly beneficial to BNB. If BNB falls, I think the new coin will not be much better.

Second, the market value of the new coin is too high. Since I started mining ACE, no new coin has a total market value of less than 3 billion US dollars at the opening. What is the concept of 3 billion US dollars? My company now has more than 2,000 employees, and it has not yet gone public. After going public, it will not have a market value of 3 billion US dollars. The projects of these new coins will take at most three years to develop, and they will have a market value of 3 billion US dollars right away. I don’t know how many developers there are for these projects, how many lines of code there are in the project, and how many servers it is deployed on to run.

Third, there is a large amount of new coins that need to be released after listing. If the circulation of new coins is 10%, it will be released to 30-40% in the short term. I don’t believe that those investors and team members are willing to take the new coins to grow with the project. They are the biggest driving force for the price drop.

In fact, people always have to save something valuable for themselves. At this stage, I think stocks with higher dividends are good. If the new coins in Megadrop have good returns, I will also take out part of the returns to buy some property stocks. The prices of property stocks in Hong Kong stocks have fallen a lot, and the dividends are also good. I will slowly collect