Every generation will have its own outlet, and every era will have its own mission.

I’m glad that I majored in finance and got involved in the trend of blockchain. I was able to gain a certain amount of wealth in the currency circle in just a few years and keep this wealth.

Many people in the currency circle have gained wealth, but they are like a roller coaster, with ups and downs, and have never kept the wealth. Relatively speaking, I am lucky!
The major in finance and the advantage of joining the industry early allowed me to see the essence of things clearly.

Many fans and students suggested that I set up an investment research community to explain investment research to my family and establish correct investment thinking. Let your family members seize the opportunity and keep their wealth.

I thought about it three times and decided to unite the three institutions and the University of Hong Kong to jointly establish a community. Provide a pure land for all family members, share experiences and lead correct investment concepts for family members.

Nan Ge's Notes:
Finally I have time to calm down and write some notes.

First of all, let me reiterate that interest rate cuts are a favorable cycle. This is the core essence. Don't be disturbed by external noise.
The Nasdaq is still running in the rising channel, touching the top of the rising channel in the short term, and also reaching the Fibonacci and expanding 61.8% position, so there is a need for a correction.

BTC daily line is running in the descending channel, and the cycle is relatively large. Here you can try short-term high selling and low buying. The range is 55000-64000.

ETH finally strengthened, near 2660, the short-term top, you can stop part of the profit. The overall market has a need for a correction, you can wait for 2470 to buy boldly.

The overall market will fluctuate upward in September and October. It is a relatively good trading period again, and the overall market will move more regularly.

Nan Ge's Notes:
My Android Binance is no longer usable!!!

Nan Ge suddenly found that his Binance could not be updated, and all update packages could not be downloaded. Unable to click on the APP update download.

I tried to download the browser many times, and found that Firefox, QQ, Baidu and other browsers could not be opened to download updates.

It seems that I must change to a WEB3 phone.

Nan Ge's Notes:
This is a note written at an altitude of 10,000 meters, on the way to Singapore.
#TOKEN2049 The largest industry summit in the currency circle. This time I mainly went to see the founder of sol, future development, and ecological plan.
Token2049 started on September 18, and the Federal Reserve's interest rate meeting was on the early morning of September 19. So the key node has arrived.
This node is the beginning of this round of rise.
Regarding ETH's views, many family members know that I am a solid supporter of ETH, but ETH's performance in Q3 is very poor, and the anchor is serious.

The biggest reason: ecology + whale (Grayscale)
First of all, ecology: MEME, the mainstream business of ETH, has been surpassed by SOL's ecology. And gradually replaced.
DEFI is an important ecology of ETH. Many users on the chain are still borrowing frequently. But the copycat is really too bad, and there is no lasting one. The demand for DEFI has dropped significantly.

Whale (Grayscale), Grayscale is the earliest ETH ETF issuer, with a fee rate of 2.5%. The fee rate of the later ETH ETF is only 0.15%-0.5%, a difference of 8-10 times. As a result, everyone who bought Grayscale ETH had to change positions and change to lower-fee products. And Grayscale will let its users change positions. Grayscale also issued a lower ETH ETF product. (Here, some people will have questions, why does Grayscale not directly reduce the fee rate and let users change positions? The reason is very simple: because redemption and repurchase require fees. Early ETHE products require a 2.5% management fee to redeem, and a 0.25% subscription fee to purchase a new ETH ETF. Grayscale must earn this stable fee) PS: This is bullying the lax supervision of the currency circle. If it goes to the securities market, ETH will be smashed like this, and then another fund will buy it again. It is a complete market manipulation. But if you can understand the tricks here, you will find that there are huge opportunities here. Grayscale currently has 4 billion worth of ETH. For the overall market value of 300 billion ETH, I can only say that it has only suffered a short-term impact. The huge fluctuations are due to the weak liquidity of ETH. With the interest rate cut and ecological recovery, ETH will return to the anchor soon.

If you are a new player who is conservative in financial management, then ETH will be the safest

Nan Ge's Notes:
The K-line trend of the Nasdaq index is really an art. It is full of logic, and market information will eventually be reflected in the price trend.

The Nasdaq touched the top of the price channel and began to pull back. Yesterday's naked K-line trend was very bad. It is predicted that this wave of pullback will fall below the 38.2% position.

At that time, the big cake and SOL will be linked with the market, and there will be a wave of slow decline.

September is coming soon. September is the golden month of September and October is the silver month. Generally, the market will have violent fluctuations. The important time nodes in September are the 5th (US economic prosperity report at 2 a.m.), the 11th (August CPI data), and the 19th (interest rate announcement).

These three nodes determine the trend in September and October, and there is no doubt that the interest rate cut will be cut.

Whether it is an economic recession or an economic downturn, these are currently predicted by institutions. We have to wait for the data report on the 5th. And this conclusion can only be drawn based on the economic data of each month. It is too early to conclude that the US economy is declining and going downhill.

As long as the interest rate is lowered, it will promote market liquidity, no doubt. The overall market will go up.

Now just wait patiently, and then I will continue to take the ETH sold by Grayscale. The price of ETH is undervalued. The market value of 300 billion means that the final price of ETH will be fixed by the market.

How can friends outside the circle better enter the circle? (Brother Nan's CPPI strategy)

Many of my relatives know about the crypto circle and want to invest in it. But all the brothers know that this is the most difficult to deal with. Because of insufficient cognition, it is difficult for relatives to really understand the huge fluctuations in the crypto circle.

Everyone is happy when they make money, but when they lose money, there will always be a gap between family members. Directly refuse, and when you make money in the circle in the future, he will think that you don't take him, and your family won't take him. (At this time, it will be difficult for both ends).

Fortunately, Brother Nan studied finance, and the best solution here is to set up a CPPI fund for them, which is also convenient for me to manage.

CPPI full name: fixed proportion portfolio insurance strategy.

Specific implementation: Relatives are preparing to make a 60W plan. But don't want to lose money. They also want to enter the crypto circle.

Here is a pure bond fund + cryptocurrency investment portfolio.

PS: It must be a pure bond fund, not a mixed bond or stock fund.

For pure bond funds, I bought (Huaxia Dingmao Bond C), which is relatively stable, with an annual return of about 4-6%.

Calculation: Pure bond funds have a stable return of 4.5%. 60*4.5%==2.7W

Safety cushion at this time: 2.7W

Enlargement of safety cushion multiple: 3 (because I operate it myself, the safety cushion multiple can be expanded to 3. If my relatives operate it themselves, the safety cushion multiple can be 1)

Actual safety cushion: 2.7*3=8.1

Then it will be: 60-8.1=51.9 (buy pure bond funds)

8.1W (enter the secondary market of the crypto circle)

Calculate the secondary market risk control line (if the safety cushion is not expanded, no calculation is required):

Actual bond fund income: 51.9*4.5%=2.34W

Actual bond amount after one year: 2.34+51.9=54.24W

60-54.24=5.76W (secondary market risk control line)

5.76%8.1=70% (retracement line)

At this time, a family-style CPPI fund came out. The strategy of 70% capital preservation in the secondary market.

The simplified version is not to expand, but to provide a safety cushion. Even if the safety cushion is completely lost, the income from the bonds can make up for it.

The crypto circle is gradually becoming legal and compliant, and the speculative nature is gradually declining. As a qualified investor, a good speculative portfolio is indispensable.

The culprit of the 8.5 circle crash turned out to be this.

Jump trading as a whole sold 440 million assets to the market, with Ethereum as the leading one.

Jump Trading's large-scale liquidation of Ethereum was also considered by the market to be the "culprit" of this round of plunge.

Why did JUMP Trading sell off so heavily?

Jump Trading is a high-frequency trading giant. Jump is a top market maker in the field of foreign exchange trading. It is involved in a large number of yen-related businesses. The sudden increase in interest rates of the yen against the US dollar has caused many "smart funds" who used to borrow low-interest yen to buy stocks to be forced to sell stocks to repay the yen.

So the change in the yen caused problems with his position. He is in the forced liquidation stage. He urgently needs funds to repay the yen.

Jump trading has targeted the assets in the circle with good liquidity.

And Jump's in-circle department JUMP CRYPTO has been in trouble and is under investigation. It was pointed out by the SEC that it was related to the collapse of LUNA and made an improper profit of 1.3 billion US dollars.

So at this time, the top management of JUMP decided to "abandon the car to save the coach" and let its sub-department jump crypto Sell ​​all its assets, mainly Ethereum, to save Jump's yen market. The result was a major earthquake in the industry.

Jump's top management's move was really powerful and solved all its own problems. But Brother Nan must go to their X and scold them for a while.

When Trump wins the election, BTC will usher in a new year.

We studied Trump's overall policies in the last round to verify what he said at the Bitcoin conference.

The crypto circle is completely in line with Trump economics. When Trump wins the election, we will usher in the next era of BTC.

Nan Ge's Notes:
I have always been deeply influenced by Buffett's investment philosophy, and I often think about it recently. As the scale of capital funds under management gradually increases. The early strategy of picking up cigarette butts should be gradually reduced to balance risks.

The cigarette butt strategy is to find types that are underestimated by the market and have a small market value. Fortunately, in the crypto circle, you can always find cigarette butts that can still be smoked.

But this kind of cigarette butt target is often seriously counterfeited and has a very low safety margin.

I am thinking about what a good target is. It should be those that I think the price is very high, but I still want to buy.

The market value of this kind of target may be relatively high. But its good development still makes me feel that the future prospects are great.

I am thinking about which assets will make me want to buy every time, but always at its price. I found that it is SOL.. The speed of SOL's ecological development fascinates me every time.

After thinking it over and over again, I plan to hold SOL for a long time and not trade frequently until I think it is almost the end of the bull market. Believe in the power of time.

Nan Ge's Notes: Tonight at 9:30. ETH ETF is officially launched!!! 😍🌹

The long wait is finally over.

After years of regulatory hurdles and submitting revised documents to the SEC, the Ethereum spot ETF has finally been approved by the SEC and will debut on a US exchange.

This milestone event opens the door for millions of institutional and retail investors to gain exposure to Ethereum (ETH) through familiar regulated investment tools.

Ethereum is the second largest cryptocurrency by market capitalization.

The Chicago Board Options Exchange (CBOE) has confirmed July 23 as the launch date for five Ethereum spot ETFs: 21 SharesCore Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF.

Although no official announcement has been made by Nasdaq or New York Stock Exchange (NYSE) Arca, the remaining four Ethereum spot ETFs are generally expected to be listed on these exchanges on the same date. #EthereumEFT

Ethereum spot ETF will be listed on Cboe on July 23.

Standard Chartered Bank's forecast is relatively optimistic, benchmarking BTC ETF. The total scale of BTC ETF is about 50 billion. Standard Chartered believes that there will be 15-45 billion assets entering the ETH ETF. It is believed that ETH will break through 8,000 US dollars.

JPMorgan Chase and Citibank's forecasts are relatively pessimistic, believing that only 4.7 billion to 5.4 billion US dollars will flow into the ETH ETF.

Nan Ge is conservative and believes that BTC ETF has a leading effect first. Standard Chartered's forecast is too optimistic. As long as the scale of ETH ETF is 10%-20% of that of BTC ETF, we can see that the price of ETH reaches the previous high of around 4,800.

The last point of view is to hold a large position.

Qiuya is getting married (ETH ETF), but you are just jumping around... (sol is talking about you

)