[New leek experience gained from ten years and ten flatbreads] Some people may question, you have been in the currency circle for ten years, why have you not achieved financial freedom? Such doubts are very common. The definition of financial freedom varies from person to person. Some people may think that having 100 million is enough, while others may think that 30 million is enough. Often the more leek you are, the more you think about this number. For me, maybe I’m not financially free yet, but at least I have some freedom and I don’t have to live a 9-to-5 life. As for why I missed certain opportunities, I think I can briefly review my experience in the past ten years, which may give some newbies some inspiration.
1. The first time I came into contact with cryptocurrency was around 2012. At that time, I was exposed to a lot of information on the Internet due to work. I learned about Bitcoin at that time, although I didn’t understand it very well, and online payment was not very convenient, so I never purchased it. It wasn’t until Huobi was established in 2013 that there was a CEX entrance and I registered an account. I remember that the price of Bitcoin skyrocketed from a few dozen dollars to more than a hundred dollars that year. Driven by the FOMO sentiment, I bought more than a dozen.
2. Later, I felt that the growth of Bitcoin was too slow and not exciting enough, so I paid attention to Litecoin, the world’s first altcoin. To take the plunge, I exchanged some Bitcoin for Litecoin. At that time, the slogan "Bitcoin Gold, Litecoin Silver" was so loud that I myself thought that Litecoin might rise even higher. Later, everyone knew the result.
3. Next came the ICO of Ethereum. At that time, one Bitcoin could be exchanged for thousands of Ether. After research, I felt that Ethereum was completely unanchored and had unlimited issuance, unlike mining coins that had the support of computing power, so I gave up the purchase.
4. Subsequently, various exchanges began to spring up like mushrooms after a rain, and more and more counterfeit projects were launched online. I exchanged some Bitcoins for various altcoins, such as the one that claimed to do real asset mapping back then. The original currency, known as Adouyuan, such as EOS, which claims to replace Ethereum, and so on. Most dropped to near zero anyway.
5. Then came the well-known 93 Incident in 2017. That day, I experienced the feeling of being cut from the waist to the foot. In panic, I sold some more Bitcoins.
6. Later, since most cryptocurrencies were exported overseas, I basically did not study them in depth. It was not until later that FIL mining and the DeFi boom attracted my attention. Later, the owner of the Fil mining machine ran away and was severely cut off. Before he could fully experience DeFi, his wallet was stolen for more than a dozen ethers.
7. As for the liquidation of contract positions and the return to zero, these are the tuition and experience of the currency circle, and they can be said to be the same.
Ten years have passed in the blink of an eye, and when I look back at the big cakes I bought back then, I can see that ten of them have been destroyed like this. These disorganized investments or behaviors did not bring much wealth. On the contrary, once the mistake is realized and the investment strategy is adjusted, steady actions gradually bring benefits that far exceed those of random investments.
Looking back, there are a few experiences that are very valuable:
1. The currency circle is a place where cognitive ability is extremely tested. If you cannot keep up with your cognitive ability, it will be difficult to make money, or even avoid losing money. 2. If you are an ordinary person and have not received systematic trading training, even a trained trader may not be successful. So don't expect to get rich here. Of course, there are stories of getting rich every day in the currency circle, but most people will eventually fail. Therefore, you are most likely a loser. 3. Don’t have a gambler’s mentality. Gamblers always hope to win big with small bets. Because their capital is limited, they always hope to get rich in one fell swoop. However, in a zero-sum market, the money you win is the money others lose. The probability is 10% to win and 90% to lose. Can you guarantee that you will always win? 4. Don’t refuse new things, but you must also have strong learning and discerning abilities. Requires very good independent thinking spirit and learning ability. The reason why leeks are leeks is because they follow what others say and do not have independent thinking process. 5. The currency circle is a dark forest, don’t trust anyone’s words, including me. For example, FIL Miner believed what his so-called friend said, only to find out that he was just doing it to get commission points. 6. Be diligent and not lazy. If you are lazy, you deserve to be cut! I don’t mean you have a lot of leeks. Any banker will cut you because you take the initiative to lower your head to the sickle. The first thing many silly leeks say to others is what currency they recommend. Why should they recommend it to you? He doesn’t even have the most basic investment research skills and has lost his ability to learn.Coin mixing circles are not recommended. 7. Any capital can accumulate Bitcoin at any time. Many newcomers always feel that Bitcoin is too expensive, so they choose to buy other currencies, hoping to do so thousands of times in the future. When your knowledge improves, you will be determined to stock up on cakes. 8. Only invest with spare funds. If you don’t have idle funds, you need to plan your funds well and don’t take risks. 9. Don’t use leverage, don’t take risks with leverage. 10. Those who know how to buy are not as good as those who know how to sell. You must be able to identify projects and understand the timing of entry, but you must also know how to stop losses and lock in profits. If you do not stop losses and lock in profits in time, you will ultimately achieve nothing (except for long-term holdings) Bitcoin). 11. From now on, make yourself a simple cold wallet for storing coins, find an unused mobile phone, install the wallet, and then turn off the phone and disconnect from the Internet. Add a watch wallet to the hot wallet and design a regular investment plan. It’s best to lock up your cold wallet and be determined not to move. 12. Accept getting rich slowly, just like I am now. I believe that slowly hoarding Bitcoin will eventually make you rich one day, especially ordinary leeks. If you win, you cannot afford to lose.
You ask me if I regret it? Of course I regret it. If I had invested in Bitcoin, I might be free now. But there is no regret medicine in the world. The knowledge back then was limited. Even if someone told you that you should go to Allin to invest in Bitcoin, you might not dare to try it. Therefore, raising awareness is crucial. At least like me, you can become an old leek. You may have no leaves, but the roots are always there, always on the table! If these insights are helpful to you, please like them. If you haven't followed it yet, you can follow it. I will share it here whenever I have time. I also compiled some currency circle analysis tools that I have used over the years and made a small website. The address is on my avatar. The website also includes contact information for many friends who want to join the group! Thanks to Satoshi Nakamoto for inventing Bitcoin, and thanks to Binance Square for letting us meet! #BTC $BTC
Many retail investors only look at the exchange's charts, but in reality, the most reflective aspect of the market is the capital flow. This wave of market activity is driven by institutions; if you only watch the K-line on exchanges, you're likely just entering a contract gambling arena and will ultimately become fuel! Look at the capital inflow situation of the Fidelity ETF. Note that the latest data shows over 200K in inflows, and there has been 0 outflows! U.S. stock market users are buying like crazy; they don't use exchanges, but they are genuinely buying the physical assets! Knowing the capital flow, determining whether it's a bull or bear market is already a basic judgment! Of course, for those gambling on 5-minute contract lines, it doesn't really matter what macro conditions you face; your fate is in the hands of the exchanges, and essentially, what you're playing is not much different from Macau or online baccarat, just with a different underlying asset. If someone writes a contract for you, it’s the same as betting on who eats the poop. So, don’t complain about what use this has; what’s the big deal about the market makers?
The chives haven't reacted yet and have already started to V... If you still believe in fiat currency and central banks when entering the crypto market, then you deserve to be a big chive... #加密市场回调 #市场调整後的机会?
You need to learn to watch the news in conjunction, don’t be foolishly following the crowd! What is this? This is the final madness! Deep left + old money + deep state are starting to take action, because the incumbent president can only choose to cooperate with these forces. Through government + finance, it is they who control the world; the president is often just a puppet. But this time, Trump is essentially a revolution; cryptocurrency is breaking the financial system, DOGE is striking at the deep state. If there is no rebound, it would be strange. This established game is a good opportunity for retail investors to buy in! I believe that world history has proven countless times that anyone or any organization standing against the people will ultimately become the dust of history. #加密市场回调
Once again, I see the retail investors panicking. In fact, the wise retail investors have already started entering the market. The market always requires buying against the trend, and these opportunities are essentially free money. If you translate this news into your daily life, it will become clear. Suppose Powell is the accountant of your village, and the old village chief is about to step down at the end of the year. The new chief, Chuanzi, won't take office until after the New Year. At this moment, Accountant Powell is shouting over the village loudspeaker, saying that your village's land will no longer be sold, and that the village's ledger will be decided by the accountant. Would you believe him? Will Chuanzi listen to the accountant when he takes office next year? Moreover, he is still the old village chief's person! This is obviously a manipulation of the market, and behind it is 10,000% the bad intentions of those left-wing Democrats, representing the unwillingness of old money. Why does Trump support cryptocurrency? It's to go after you old money folks, otherwise, how would he start his new policies? #加密市场回调 #BTC再创新高
Friends, have you ever thought that the dream of getting rich overnight might be hidden behind those seemingly insignificant numbers?
In November, the total revenue of DApps in the Solana ecosystem reached an astonishing $365 million! That's not a small amount, enough to make one's heart race. Even more astonishing is a protocol called Pump.fun, which generated over $100 million in revenue in just one month! This is simply a phenomenal success, making one wonder, is this bull market really on the way?
Of course, the data itself has some uncertainties. Different channels report slightly varying revenue figures for Pump.fun, ranging from $93 million to over $300 million. This somewhat reflects the challenges of data tracking and verification in the DeFi space. But regardless of the specific numbers, Pump.fun's success is undeniable. It occupies a considerable market share of Solana DApp revenue, estimated to exceed 25%.
The success of Pump.fun is not just its own achievement; it is a strong proof of the vigorous growth of the Solana ecosystem. It fully demonstrates the enormous potential of meme coins within the Solana ecosystem. Through its unique business model—facilitating the creation and trading of meme coins while charging transaction fees or other forms of income—Pump.fun seized market opportunities and turned them into substantial wealth.
Looking ahead, the continued growth of the Solana ecosystem and the emergence of innovative DApps like Pump.fun indicate that this field has vast development potential. Although we cannot accurately predict Pump.fun's revenue in 2024, its momentum remains strong. This may be a signal that the Solana ecosystem, and even the entire cryptocurrency market, is about to welcome a new round of explosive growth.
Of course, investing carries risks, and one must be cautious when entering the market. We should not blindly follow trends, but rather analyze rationally and invest cautiously. However, it is undeniable that the success story of Pump.fun provides us with valuable experiences and insights. It tells us that innovation and opportunity are often hidden in places that seem impossible.
Destiny's encounter is a kind of fate. Thank you for reading, remember to follow my account, like my article, and let's explore the infinite possibilities of the cryptocurrency world together!
Friends, there’s big news in the DeFi space recently! The DeFi application layer Rujira has announced the completion of a $7 million funding round! Doesn’t it feel like a warm current is surging in your heart? This is yet another proof that the DeFi sector continues to thrive!
Rujira, many of you may have heard of its predecessor— the merger of Kujira and ThorChain. This is a significant merger in the DeFi space, a strong alliance with resource integration, just thinking about it is exciting! This funding has injected strong momentum into Rujira's future development. $7 million is no small amount! This funding will support Rujira’s sustained growth and development, and just think about the more fun DeFi applications that are about to be born, doesn’t that make you look forward to it?
Of course, investing comes with risks, and one must be cautious when entering the market! These are just some of my personal insights; every project carries risks, and we cannot blindly follow trends. Before investing in any project, it is essential to conduct thorough research and understand the underlying logic, technical strength, and team background of the project.
However, the success of Rujira’s funding also indirectly reflects the market's continued optimism towards DeFi! Even at the end of 2024, investors' enthusiasm for DeFi remains high. This indicates that the future development potential of DeFi is enormous and deserves our continued attention!
Fate has brought us together in this vast sea of people; isn’t that a kind of destiny? If you think my analysis is helpful to you, please follow my account and like my article. Let’s ride the waves in the crypto world together and move forward bravely! Trust me, every like you give is the greatest encouragement to me!
#DeFi application layer Rujira announces completion of $7 million funding
Friends, has the cryptocurrency world started to get restless again recently? Big Time Studios announced a massive investment of $150 million to establish the Open Loot fund. When this news broke, didn’t it feel like a warm current surged in your heart? This is indeed solidly good news!
Some might ask, what exactly is this Open Loot fund? Simply put, it's a fund specifically dedicated to supporting the development of Web3 games. Big Time Studios intends to use this $150 million to help more game developers create better Web3 games. What does this mean for us 'retail investors'? It means there will be more fun, interesting, and profitable Web3 games appearing in the future! Just thinking about it is exciting!
Of course, these are just my personal thoughts; investment carries risks, and one should be cautious when entering the market! Big Time Studios' move undoubtedly injects a shot of adrenaline into the Web3 gaming industry and proves the enormous potential of Web3 games. However, market risks still exist, and we cannot blindly follow trends. Before investing in any project, it’s essential to conduct thorough research and understand the project's underlying logic, technological strength, and team background.
Fate has brought us together in this vast sea of people; isn’t that a kind of destiny? If you find my analysis helpful, please follow my account and like my article. Let’s navigate the waves in the crypto space together and move forward bravely! Trust me, every like you give is the greatest encouragement for me!
#Big Big Time Studios announced the establishment of a $150 million Open Loot fund to promote the development of Web3 games on the platform.
40 days ago Bitcoin was just starting with 5... and those who follow me know I've been shouting to buy Bitcoin spot since the beginning of the year! The key is, are you listening? #比特币冲向11万? #BTC再创新高
In the past 30 days, an average of more than 3 billion US dollars of funds have flowed into the Bitcoin value network every day! Off-site institutions and capital are now scrambling for goods! #比特币冲向11万? #BTC持续刷新高点
Friends, are you ready to embrace the surprises of 2025? Mantle's Scouts program Season 2 is set to make a strong comeback from January to June!
Do you remember the waves created by the first season of the Scouts program? Those projects with limitless potential and the passionate developers left a deep impression on us. And now, as Season 2 is about to begin, it means more opportunities and more possibilities! Although specific details have yet to be announced, what we can foresee is that Mantle will continue to discover the most promising blockchain projects, injecting new vitality into the development of Web3.
This is undoubtedly exciting news for us “old hands” who have been navigating the crypto space! Imagine participating in the investments of these early projects and witnessing their growth; what an exciting journey that would be!
Of course, investing comes with risks, and one must be cautious when entering the market! Before participating in any project, be sure to conduct thorough research to understand the project's underlying logic, technical strength, and team background. Don't forget, in the crypto world, cautious investing and rational operations are key to standing firm in fierce competition!
Fate brought us together in this vast sea of people; isn't that a kind of destiny? If you find my analysis helpful, please follow my account and like my article. Let’s ride the waves in the crypto space together and move forward bravely! Trust me, every like you give is the biggest encouragement for me! Let’s look forward to the wonderful performance of the Mantle Scouts program Season 2!
#Mantle launches Scouts program Season 2, which will take place from January to June 2025.
Hello, friends! Has the cryptocurrency industry become lively again recently? A new project with a total of 1 billion tokens, of which the ecosystem and community account for more than 50%, makes your heart beat faster? Although I don’t know the specific name of this project yet, it doesn’t prevent us from talking about why this type of project is so attractive!
This high proportion of allocation to the ecosystem and community represents the project party’s emphasis on the community and confidence in long-term development. What does this mean? This means that the project party is not thinking about running away after cutting the leeks, but hopes to grow with the community and build a prosperous ecosystem together. This is undoubtedly exciting news for us "old leeks" who have been struggling in the cryptocurrency circle! Imagine how huge the potential of a project with strong community support and long-term investment by the project party is!
Of course, investment is risky, and you need to be cautious when entering the market! Any project may have risks, and we cannot blindly follow the trend. Before investing, you must do a full investigation to understand the underlying logic, technical strength, team background, etc. of the project. Only in this way can you survive in the "dark forest" of the cryptocurrency circle and even get rich returns!
Fate makes us meet in the vast sea of people, isn't this a kind of fate? If you think my analysis is helpful to you, please follow my account and like my article. Let us ride the wind and waves in the currency circle and move forward courageously! Believe me, every like of yours is the greatest encouragement to me! #Kontosannounces token economics: the total supply of KOS is 1 billion, and the ecology and community account for more than 50%
Key knowledge that investors need to know: How are the 21 million BTC distributed?
57% held by retail investors 17.6% lost forever 6.6% not mined yet 5.2% held by Satoshi Nakamoto 3.9 held by ETF users 3.6% held by corporate users 3.4% held by miners 2.7% held by governments #加密用户突破1800万 #BTC再创新高
Friends, has the crypto world become agitated again recently? The news that AVA (the native token of Travala) has broken through the $3 mark must have caught the attention of many, right? In just one day, the increase exceeded 300%, and this speed is simply faster than riding a rocket! Does it feel like you missed out just a bit? Don't rush to beat your chest and stomp your feet; let's first calmly analyze the reasons behind this price surge. First, Travala.com, as a global travel booking platform with an annual revenue of $100 million, inherently possesses a certain market foundation and development potential. Secondly, it actively embraces crypto payments, which is undoubtedly a huge advantage in today's digital age. Furthermore, AVA has been listed on mainstream exchanges like Binance, providing liquidity support for its price increase. More importantly, it is said that Binance CEO Zhao Changpeng also expressed support for Travala/AVA, which undoubtedly injected a shot of adrenaline into the market. Of course, this price surge is not without risks. The price volatility is extreme, and such a large increase in one day also means the risks are equally significant. This short-term surge might just be a brief explosion of market sentiment, and there is still a lot of uncertainty in future trends. We veteran investors must not be easily blinded by this wave of 'sugar-coated shells.' So, friends, invest with caution! Don’t let temporary price fluctuations confuse your vision. Instead of chasing highs and cutting losses, it’s better to calm down, thoroughly understand the underlying logic and application scenarios of the project, and choose an investment strategy that suits you. Remember, holding quality projects for the long term is the only way to wealth in the crypto world! AVA's breakthrough of $3 undoubtedly brings a spark of excitement to the market and once again proves the limitless potential of the cryptocurrency market. But we must also remain rational and invest cautiously to maintain our position in the crypto world. #AVA breaks $3
Leeks, have you recently been dazzled by new projects in the crypto world? Are you always thinking about catching the next coin that will skyrocket, hoping to get rich overnight? Don't rush, today let's talk about a project that once stirred up huge waves on Binance Launchpool—VANA! VANA, a project landing on Binance Launchpool in December 2024, is not some obscure small player. It is a native EVM-compatible Layer 1 blockchain that focuses on the concept of 'user ownership of data.' This means that the data you painstakingly generate can finally truly belong to you! What's even more exciting is that after VANA was launched on Binance Launchpool, its price soared over 2700%! Just think, those 'smart leeks' who participated early in staking BNB and FDUSD to mine VANA must be smiling from ear to ear now, right? Of course, there are risks involved; the crypto world is risky, and investments should be made cautiously! VANA aims to turn data into a new asset class, allowing users to aggregate data into DataDAOs, thereby unlocking the collective value of data. Sounds a bit complicated? Simply put, it's about turning your data into money! This project has attracted a lot of media attention and sparked heated discussions in the crypto community. Although VANA's price has now retreated, the concept of 'data ownership' it represents has long-term development potential. For us 'leeks,' this might mean new investment opportunities in the future. Of course, invest cautiously, and don't be foolishly happy after being cut! Remember, the crypto world is a place full of opportunities and challenges. Learning and analyzing, and investing cautiously, are essential to survive and thrive in this market. Who knows, the next 'VANA' might be waiting for you! #BinanceLaunchpoolVANA
Leeks, are your wallets ready? VELODROME is coming to Binance! The biggest news in the cryptocurrency circle recently is that VELODROME is about to land on Binance! For us hard-working "leeks", this is undoubtedly exciting news! Binance's ultra-high liquidity means that VELODROME's trading volume may skyrocket in an instant, and the price may also rise with the tide. This is an excellent arbitrage opportunity! (Of course, risks and opportunities coexist, investment should be cautious, don't be cut by the leeks and still be happy!) According to reliable sources, VELODROME will be officially launched on Binance on December 13 (please refer to Binance's official announcement for the specific time, which may vary slightly in different time zones), and the trading pair is VELODROME/USDT. Some news also pointed out that Binance will provide leveraged trading of VELODROME/USDT, which is undoubtedly a huge temptation for "warriors" who pursue high returns! (High leverage means high risk, all old leeks must be careful and don't blow up their positions!) More importantly, this time on Binance, there is zero BNB handling fee! Binance is so generous! This operation directly saved a lot of money, allowing us "leeks" to earn a little more! Binance also integrated VELODROME into other products in its ecosystem, such as Binance Earn, one-click purchase, instant exchange, etc. It is simply a one-stop service, convenient and fast! As soon as the news came out, the currency circle exploded, and major communities were discussing it enthusiastically, and the price of VELODROME also rose. This shows that everyone is still full of expectations for the future of VELODROME. However, I still have to remind all "leeks": investment is risky, and you need to be cautious when entering the market! Don't blindly follow the trend, but make rational analysis and do a good job of risk control. As a new generation of decentralized exchange (DEX), VELODROME supports the Optimism super chain, and its prospects are worth looking forward to. But the currency circle is changing rapidly, and any investment is risky. So, remember my words, invest carefully, operate rationally, and don't be a "leek" that is cut! This opportunity depends on whether you can grasp it!#VELODROMEwill be listed on Binance