I haven’t updated much recently. In addition, WeChat was blocked some time ago, which greatly reduced my desire to share.

In fact, the main reason is that I have nothing to say. Many things that I think are useful have been shared more than once. In addition, when there is no market, I put most of my time and energy into reality.

Although "a day in the cryptocurrency world is like ten years in the real world", there are hot spots and gameplay in the cryptocurrency world every day. After all, I am mainly engaged in long-term spot trading. Therefore, there is no need for me to join in all the new things in the cryptocurrency world every day. Although I can share something, it is also very tiring. The most important thing is that I still lose money.

In fact, from the end of 2003 to now, my trading frequency has been very high. I don’t think this is a good habit.

It’s June now, and summer is coming. It’s the first summer after Bitcoin’s halving. I like this period very much. The bottoms of many coins are basically formed at this stage. It just so happens that the exclusive Shanzhai 3.12 crash also happened some time ago.

I don't have any special opinion on the overall market. Bitcoin broke a new high early because of the approval of the ETF spot application. The copycats generally did not make any moves. This is not because Bitcoin is the only one that can be strong in this bull market, but also because the approval of Bitcoin ETF spot has brought fresh blood to Bitcoin. Therefore, we should not put the cart before the horse, nor should we be negative. At this point in time, the violent bull market is still brewing.

The previous suggestion was to buy small when the price drops slightly and buy large when the price drops significantly. So the current trading is: hold on, hold on, hold on. This is not a bear market, please replenish your faith immediately.

In this round of market, there is a widely circulated view that the initial circulation market value of VC coins is too high. Yes, the leeks will look at the market value and wake up.

In fact, the price of a single coin is not much higher than the previous round. The initial circulation of the coins that are now well-known and performed well in the last cycle is not less than 100m.

As for the overall market value, this should be viewed relatively, after all, the size of the cryptocurrency market is gradually increasing. We cannot use the perspective of the past to measure the current cryptocurrency market. Finally, the total market value share of the Shanzhai and Dabing. The market value share of the Shanzhai is indeed higher than that of Dabing, but the Shanzhai 312 some time ago also indirectly eliminated a lot of bubbles.

The overall conclusion is that it is not as serious as people say. The biggest reason is that Bitcoin has reached a new high, and many copycats are lying still. In this way, holders cannot make money, so they will naturally start to find faults. Staring at the market value, is it really the market value that prevents people from making money? Pepe is so fierce, now the market value is billions, and there have been people rushing in during this period, and people are making money differently.

Market value is just one of the reference points for investment. The consensus is: pulling up the market is justice. Everyone agrees with this. Then again, some people think that the initial market value of VC coins is too large and cannot be pulled up. Here we need to figure out who pulled up the market. You all know it. The dealers and investment institutions must know it.

This will give rise to a somewhat outrageous idea: the VC cost of his meow is so low, and the initial market value is so high, it can be distributed to the leeks all the time. In view of this point, we need to understand the method of the dealer to distribute chips. The distribution is in the process of pulling up. The decline of the upper line and the bottom shock are all for the purpose of absorbing chips. Otherwise, not much goods can be sold, and it is easy to play by oneself. When people start a project, they must want to make a lot of money from the leeks, so they will definitely pull the leeks to enter the market frantically to take over the orders to achieve the initial goal. The rest is high-level shocks, accumulation of power, rushing to new highs, and then accumulating power. In this way, the dealer will ship in batches during the process, but the high point will get higher and higher. Isn't it amazing? Retail investors don't need to pay too much attention. They can follow the dealer to sell in batches, or they can reach the price in their hearts or make decisions after this situation, combining the advantages of the market and their own profitability.

In addition, the dealer wants every trader to think this way, so that no one will buy it, no one will promote it, and if people ask for it, the original holders will be shaken and hand over their chips. In other words, for a high-circulation coin with a market value of 10 billion, 99% of the chips are in the hands of the dealer. People don’t need to use much money to pull the market, and the trading volume can also be reversed. So, in a sense, the high or low market value is just a point for the dealer to perform externally. The market value is in the introduction of the coin, and you can see it.

For example, if the initial liquidity is 1 billion, people think it is high. If it is increased by 10 times, people will consciously benchmark those top 10 coins by market value. People are not complicated. What the banker needs is the fear of retail investors. Fear can make retail investors hand over their chips. The process of pulling the market can also make some retail investors dare not chase high prices, so that the pulling of the market can proceed more smoothly. As for trading, sometimes you really have to make some choices that go against your instinctive wishes.

For everyone in the cryptocurrency circle, I have always had a point of view. I think it’s okay to be a little stupid, and more experience will make up for it. The terrible thing is to think that you are very smart. Yes, Dachun is different from others.

This kind of self-righteous and superior idea is the most stupid. It does no good to oneself. To put it bluntly, it is a kind of prejudice.

As far as I know, except for the industry builders, those who have stayed in the cryptocurrency circle for 5 years are either free, doing trading as a side job and enjoying life as a main job; or they are retail investors who are still going back and forth on the road to making back their investment.

At this point, I still want to talk about uni, with a total of 1 billion and an initial circulation of 150 million. It was launched on BN, with a high and low of 4-8 dollars in the first week, and an initial circulation market value of 600-900 million. Looking at it now, this initial circulation is not low, right? Don’t say it is the largest dex. Some people may believe it at the beginning, but in the next two months, it fell from 8 dollars to 1.7 dollars. If you tell him that uni is the largest dex, he will...

By the way, uni was also called something at that time: air coins with no power at all.

When it falls from 8 to 1, and then to 5, someone will buy it. When it falls to 3, until it hits the bottom and starts at 1, I think that at this stage, the selling is greater than the buying. Therefore, I often say that no matter which one you trade, don't think about buying at the absolute bottom and selling at the absolute high point. Here I repeat what I have said many times before. As long as it is a transaction, there will inevitably be a gambling element. The bottom and the top are variables. If it can't be washed anymore, no one buys it and no one hands over the chips, then it is the bottom. For the dealer, they have a minimum threshold for market making, but this minimum threshold is generally not broken under normal circumstances. To give a common example, a coin opens at 10 dollars. After the opening, when the dealer washes the market, it falls to 8, 5, 3, and 1. Do you think 1 is the dealer's bottom line? No. The dealer's bottom line may be 0.1. If it falls to 1, there are still a large number of investors who are optimistic and keep buying at the bottom, then the dealer will continue to wash. But in fact, when it falls to 1, it is probably no longer possible to wash. Those who want to buy, three or five dollars, or even from the top of the mountain, have been fully loaded. Those who are not good-looking also surrendered their chips during this decline. There is basically no one waiting to buy the bottom at $1.

Noob, they have more fomo targets, there is no need to hold the limited funds and wait for this one target, this cryptocurrency world is like a brothel.

A true hunter will gradually build up his position during the decline, so the average price cannot be the lowest point.

At this point in time, the chips and average price held by retail investors are still held. It is estimated that those who still hold the chips will continue to hold them even if the price drops to zero. Those with the lowest average price will not have any at all, and if they do, the volume will not be large. In this case, the dealer has generally completed the wash. The rest is the stage of pulling up and distributing.

Then let's talk about platform coins. There was a saying in the early cryptocurrency circles: Don't invest in platform coins. I don't know if anyone still remembers it. But this saying inspired the old people in the cryptocurrency circle at that time, and it was deeply rooted in my heart. After the bull market started 20 years later, until now, I have never heard the saying of not investing in platform coins again.

To sum up, when prejudice is slapped in the face, not many people will reflect on why they are prejudiced, but instead pretend that they have never been "prejudiced."

Personally, I am biased.

The rise of meme originated from doge and exploded in shib. I also participated in the last round of zoo craze. The view at that time was that fast-running games had no "value". In fact, it is true, but you can really make money. But because of this, the leading doge and shib coins were also included, which became a prejudice.

What I think of as “value” is actually the narrative of the project, or in other words, the ability to paint a picture. But meme, as everyone says: we have nothing, we just pump the market.

pepe: yes.

In the currency circle, there have always been prejudices, and the big ones lie in the narrative development of the pie and the block dispute. Small conflicts at the personal, first and second level. The most obvious ones are VC and autonomous communities. I have talked about this in an article, so I won’t go into details here. The general content is that without a market making team, it is just a mess. The first-level projects that have really come out have “professionalism” behind them. people".

I personally think that the biggest factor that causes prejudice is the lack of comprehensive knowledge. I have said before that trading is not about being angry. Only by lowering your posture and being a smiling person who bows and nods to everyone you meet can you get along with everyone. Instead of losing money on a project, even if you find that the project is okay later, you still hold yourself up and act like "Do you think I care about you?" In this way, you will miss out on profits and gain worthless face. The previous BRC ecosystem is a living example, including Ordi, who was dissed for 3-5 dollars. All kinds of things happen frequently in the currency circle, and they are not uncommon. There is really nothing to say.

Finally, I would like to thank the person who posted the screenshots. He criticized me for being optimistic about aevo, but he didn't criticize me for cutting leeks. He is quite nice. In addition, I have a prejudice. For people in the cryptocurrency circle, I don't care how long they have been in the cryptocurrency circle, and how much profit they have made in the cryptocurrency circle. People come to the cryptocurrency circle to make money. If the most important thing is that they can't do it well, how deep can their insights on other things be?

Harmony brings wealth, and different opinions and arguments make things more meaningful, and only then can there be a hundred schools of thought, and only then can there be this wonderful world. Of course, everything must be based on a calm mind, and less anger will stop thinking.