haoxueren

I posted a bullish view on RMB assets and got criticized heavily, then it was reported and taken down. To briefly reiterate why I am bullish on RMB assets (mainly A-shares), here are a few simple reasons:

1: China's real estate has reached its end, and there are no more unsuspecting investors to take advantage of. A-shares have been consolidating at low levels for 10 years, essentially washing out all the indecisive retail investors. Therefore, this wave of A-shares will experience a slow bull market, continuing until 2027. Local governments are heavily indebted, and fiscal revenues are close to collapsing, while residents hold a lot of savings. Americans are using Bitcoin to reduce debt, while the Chinese are using the stock market for the same purpose. However, currently, retail investors in the domestic stock market are somewhat wiser, as A-shares have risen to 4000, yet many still hesitate to invest.

2: China has entered the middle-income trap, so the core reason for all the negative phenomena you see is the transfer of low-end industries and the chain reaction caused by economic stagnation. As long as China successfully upgrades its industries, reaching the economic levels of Japan and South Korea in the future will not be a problem. Many people talk about institutional issues, and this is indeed true. Even if China becomes a developed country in the future, welfare may not be the same as that of developed countries. A strong nation does not necessarily mean a wealthy populace, but for the vast majority, life will still improve relatively.

3: A-shares have broken through 4000 points this year, reaching a 10-year high. The fact proves that this year A-shares are outperforming Bitcoin. Many people who dare to heavily invest in a bunch of worthless altcoins in the cryptocurrency market no longer have the right to look down upon A-shares. Others may be laughing at someone else’s 50 steps while they themselves are 100 steps behind; you are laughing at the 80 steps of others while being 100 steps behind.

For ordinary people, my advice is that if you want to participate in A-shares, the safest way is to invest in index funds regularly, because the vast majority of people trading individual stocks will not outperform the index after a bull market. This is similar to the situation where those playing in the cryptocurrency market with altcoins cannot outperform Bitcoin.

$XRP Ripple XRP is about to be listed on NASDAQ, ETF code is XRPC. 👍👍👍👍👍👍

The HYPE, which claims to be the next-generation exchange, has been attacked again.
A giant whale opened a long position of 3 million USDT with 3000 WU on HYPE.
Can you believe a platform actually allows one account to hold 3000 WU?
The key is that this token is only worth 100 million.
Then, as usual, the whale directly withdrew profits, forcefully closing positions and leaving significant long positions for the platform to liquidate... This time, HYPE lost several million USD again.
Feeling sorry for the HLP contributors who put money in, it was originally supposed to be a good annual return, but the platform is unreliable and always gets attacked in the same way. From the last jellyjelly to now, nothing has changed, it shows that HYPE actually has very poor risk control quality.
If you have that money to buy HYPE, why not buy BNB instead?
$HYPE $BNB $POPCAT
{future}(POPCATUSDT)

Seeing many people preparing to hold $ASTER for the long term reminds me of the outcome for many who held $PERP long term towards the end of the bull market in 21. Currently, PERP has dropped 99% from its high and is about to be delisted and go to zero.

I estimate that many newcomers may not know about the PERP coin, so let me explain. In fact, the concept of decentralized contract exchanges emerged in 2021, and the best performers at that time were DYDX and GMX. These two projects quickly captured a significant number of contract users from centralized exchanges. Binance immediately supported PERP to compete against DYDX and GMX. However, as the bear market arrived, DYDX and GMX were gradually abandoned by the times due to depth issues and opaque market-making mechanisms. Initially, many people heavily invested in PERP, hoping it would become the second BNB, but it currently looks no different from going to zero.

In fact, whether it's PERP or ASTER, both are clone projects supported by Binance to counter other projects. They are brought out when useful and can be discarded at any time when not. The real core business and moat of Binance lie in CEX. The only coin in the Binance ecosystem worth holding long term is BNB. ASTER can be played with while its popularity lasts over the past two months, but if you really want to hold something for a few years, it's better to forget it.
{spot}(PERPUSDT)
{spot}(ASTERUSDT)

Seeing many people preparing to hold $ASTER for the long term reminds me of the outcome for many who held $PERP long term towards the end of the bull market in 21. Currently, PERP has dropped 99% from its high and is about to be delisted and go to zero.

I estimate that many newcomers may not know about the PERP coin, so let me explain. In fact, the concept of decentralized contract exchanges emerged in 2021, and the best performers at that time were DYDX and GMX. These two projects quickly captured a significant number of contract users from centralized exchanges. Binance immediately supported PERP to compete against DYDX and GMX. However, as the bear market arrived, DYDX and GMX were gradually abandoned by the times due to depth issues and opaque market-making mechanisms. Initially, many people heavily invested in PERP, hoping it would become the second BNB, but it currently looks no different from going to zero.

In fact, whether it's PERP or ASTER, both are clone projects supported by Binance to counter other projects. They are brought out when useful and can be discarded at any time when not. The real core business and moat of Binance lie in CEX. The only coin in the Binance ecosystem worth holding long term is BNB. ASTER can be played with while its popularity lasts over the past two months, but if you really want to hold something for a few years, it's better to forget it.
{spot}(PERPUSDT)
{spot}(ASTERUSDT)