People who lose money often pursue short-term wealth and try to double their wealth quickly through various means, such as trading. But this is not a real shortcut, because they often lack the necessary ability and conditions, and even violate the law of development of things.
Success in the market is often based on deep accumulation and in-depth understanding of various information and technologies, rather than relying on intuition and feelings. Moreover, market feelings are the most unreliable. There are cognitive biases and framework thinking in human psychology, and it is unreliable to make money by feeling. In the end, their short-sightedness and opportunistic mentality may lead to endless losses and stay away from the path of actual success.

Therefore, I hope that those friends who are still losing money can wake up and return to the real world. Try to make money off-site, then carefully choose mainstream currencies, and use methods such as hoarding coins to succeed in the currency circle. The bull-bear cycle conforms to the law of development of things. Continuously invest in the bear market and sow hope.

The bull market only accounts for about 5% of the time, and it comes suddenly, short and fast. Finally, I still have to say what I think again: respect the law of development of things, be down-to-earth, and accumulate opportunities to achieve explosions. This is the right way to success. It's the same in any industry.

There is only one way that ordinary people can make relatively easy money, which is to choose to undervalue and then hold it for a long time; And find the weaknesses of human nature, especially your own, and then use ways to avoid them. Don't touch it, don't be overconfident that you can fight your weaknesses.
For example, if you are not good at stealing chickens, then avoid or make a small account to steal chickens, so that your [big account] can maintain the long-term strategy that you have strictly formulated. A small account is equal to neutralizing your weaknesses so that they do not infect the large account.
The weakness of human nature, even for saints, has to be honed for a long time. For example, after staying up late, the mind will be reduced and so on. These are all things that you need to work on and explore, and it will be difficult, slow and tangled, but once you break through your boundaries, you can then avoid yourself at critical moments and pull yourself back to your normal state.
It's easy to get addicted in the short term, but it's easier to make money in the long term. The methods to reach are all Tao, so they can be spoken, and many confidential methods are techniques, so they cannot be spoken.#币安用户数突破2亿

Market risk is complex and changeable, and different investment products and markets have different risk characteristics. Therefore, the choice of investment should be based on their own risk tolerance, investment objectives and time span, develop their own investment strategy, and pay close attention to market dynamics in the investment process, timely adjustment of the portfolio, want to seek survival opportunities in a stable is also very important, rush brothers#BNB走势

Here are some safety precautions to pay attention to when accumulating wealth abroad:

1. Understand local laws and regulations: Ensure that your business activities and wealth acquisition methods are completely legal and compliant, and avoid violating local laws and bringing serious consequences.

2. Political and economic stability: Pay attention to the political situation and economic dynamics of the country where you are located to avoid wealth loss due to turmoil.

3. Market risk assessment: Conduct a full risk assessment of the investment or business field, and do not blindly follow high-risk projects.

4. Tax issues: Clearly understand local tax policies and regulations, pay taxes according to law, and pay attention to reasonable tax avoidance but not tax evasion.

5. Partner reputation: When choosing a business partner, strictly examine its reputation and reliability.

6. Personal information security: Protect your personal identity, financial and other information to prevent information leakage from causing property losses.

7. Property insurance: Consider purchasing appropriate property insurance to deal with possible unexpected situations.

8. Currency exchange rate fluctuations: Pay attention to currency exchange rate changes and be prepared to deal with exchange rate risks.

9. Social security situation: Understand the local social security situation and take necessary safety precautions to protect yourself and your property.

10. Rigorousness of contracts and agreements: When signing any contract or agreement, be sure to carefully review the terms to ensure that your rights and interests are protected.

Let's make a more optimistic prediction. Assuming that Ethereum continues to rise after the ETF, because Bitcoin and Ethereum maintain a relatively stable exchange rate, there will be two situations:
1. Binance's price continues to rise, which is equivalent to Bitcoin rising with the injection of Ethereum's liquidity - just like the last bull market caused by the massive release of US dollars three years ago.
2. Bitcoin has no movement, and after Ethereum has risen, the coin holders frantically dump the market to make profits, and the exchange rate between the two returns to a relatively stable exchange rate range.

But Juzuo thinks that the second situation is unlikely.

Because Ethereum also has its own consensus group.

Although it is far less decentralized than Bitcoin, at least the coin holders are complex enough. Unless there is a one-sided extreme black swan event, the possibility of collective dumping is unlikely.
In other words, Juzuo is more inclined to believe that after the ETF is listed, Bitcoin will be pushed up by #比特币符文总市值创新高

Did you all see my cake yesterday? There is a common misconception that cryptocurrencies are more likely to be a tool for financial crime than traditional assets. However, Europol data suggests that assets such as real estate are more prevalent money laundering tools. Let's dive into the facts$BTC

Psychological Phases in the Market:

1. Capitulation:
- This phase shows periods of sharp price declines, investors sell their holdings at significant losses, leading to increasing unrealized losses. Examples are 2011-2012, 2014, and 2018.

2. Hope/Fear:
- In this phase, the market begins to recover slowly, with slightly higher prices and lower unrealized losses, creating a balance between hope and fear. Examples are 2012-2013, 2015, and 2019.

3. Optimism/Anxiety:
- This phase is characterized by clear price increases and unrealized profits, but is accompanied by some anxiety about a potential recession. Examples are 2013, 2016, and 2020.

4. Belief/Denial:
- In this phase, prices continue to rise, unrealized profits increase, and reinforce the belief that the upward trend will continue. Examples are 2013-2014, 2017, and 2021.

5. Euphoria/Greed:
- Markets reach very high peaks during this phase, with the highest unrealized profits, reflecting extreme greed among investors. Examples include late 2013, late 2017, and late 2021.
#非农就业人数高于预期

Here are some other points to know about the crypto circle:

Consensus mechanism: The rules and methods to ensure that nodes in the blockchain network reach an agreement, such as proof-of-work, proof-of-stake, etc.

Decentralized applications (DApps): A variety of applications developed based on blockchain, covering finance, gaming, social networking, and other fields.

Token: A digital credential that can represent a variety of benefits or values, and may represent equity, points, etc., in addition to being used as currency.

ICO (Initial Coin Offering): A way for project parties to raise funds by issuing digital tokens, but there are large risks and regulatory issues.

IFO (First Fork Offering): A fork based on the original digital currency to generate a new currency.

Blockchain Explorer: A tool used to view transaction records, block information, and other data on the blockchain.

Nodes: The various computers that participate in the blockchain network and work together to maintain the operation of the network.

Cold wallets and hot wallets: Cold wallets are usually devices that store digital currencies offline and have high security; Hot wallets, on the other hand, are connected to the Internet, which is relatively convenient to use but has certain security risks.

Hash: A unique identifier calculated by a specific algorithm to verify the integrity and consistency of the data.

Aircoin: A digital currency issued purely for the purpose of collecting money and having no actual value or application scenarios.

The cryptocurrency circle is a complex and constantly evolving field, and it is important to maintain a rational and full understanding when engaging and participating.

Here are some basic things to know about the crypto world:

Digital currency: The currency circle mainly revolves around various digital currencies, such as Bitcoin, Ethereum, etc. They are based on blockchain technology.

Blockchain technology: It is the underlying technology of digital currency, which has the characteristics of decentralization, non-tampering, security and reliability.

Mining: The process of participating in the maintenance of the blockchain network through computing resources and obtaining digital currency rewards.

Wallet: A tool used to store digital currency.

Trading: Digital currencies can be bought and sold on platforms such as exchanges.

Public chain: A blockchain network that supports the development and operation of various applications.

Smart contract: The terms of a contract that can be executed automatically, implemented on the blockchain.

Currency price fluctuations: The price of digital currencies fluctuates greatly and is affected by a variety of factors, such as market sentiment and policies.

It should be noted that the currency circle has high risks and uncertainties, and the market supervision is not yet perfect. Investing in digital currencies requires careful assessment of risk and one's own tolerance. At the same time, be wary of some scams and illegal activities.#StartInvestingInCrypto

Wu said that the reason is that the Hong Kong SFC requires all applicants for virtual asset trading platform licenses to sign a letter of undertaking that they will not have Chinese mainland users in any region. This requirement is not met by traditional offshore exchanges. OKX had tried to form an industry coalition to oppose the request, but to no avail.
However, industry insiders said that the withdrawn entity can apply again after updating the legal subject or framework in the future, but it should not be able to use a brand similar to the current offshore exchange to apply.
At present, a total of 11 platforms including HKbitEX, PantherTrade, Accumulus, DFX Labs, Bixincom, xWhale, YAX, Bullish, Cryptocom, WhaleFin and Matrixport HK have become licensed applicants.
Hong Kong's move has also drawn criticism. Hong Kong Legislative Council member Qiu Dagen Hong Kong Economic Journal published an article today that the exit of OKX has caused a lot of discussion in the industry, questioning whether Hong Kong has a real determination to develop and embrace Web3, the current applicants (mostly) are very small, Hong Kong cannot retreat to the safety line from the beginning, and vainly want to implement the so-called innovation with no risk at all.

This world is very simple, with 7 billion people, most of the wealth is in Europe and America, and the population is in India and China.
Comprehensively speaking, the users that will be won in the end will definitely be mainly from the mainland.
It is better to operate it than to get the license early. ​​​

How to access the Binance spot interface
1. Log in to your personal Binance account and click [Trade] → [Spot Trading].
2. The page will jump to the Binance trading interface.
3. The order book is displayed on the left. The ask (sell price) is red and the buy (bid price) is green.
4. The trading chart in the middle is an interactive dynamic chart of the selected trading pair. Here we take BTC/USDT as an example.
5. On the right is the trading pair list, which contains all the trading pairs that can be traded on Binance. Use the "Search" function to find a specific trading pair.
6. Below the chart is the area to create buy and sell orders. Before placing buy and sell orders, please top up your spot wallet first.
7. If you want to buy BTC with USDT, you need to top up USDT to your spot wallet first. Click the [+] chart to top up your account and choose your preferred method.

2024.6.7 Financial Events
● BTC falls below $70,500 ETH falls below $3,800 and falls below $3,800
According to the market, BTC fell below $70,500 and is now trading at $70,197.68, down 1.57% during the day, and ETH fell below $3,800 and is now trading at $3,798.4, down 1.33% during the day.
● Telegram will launch a mini-program digital payment service
Telegram CEO Du Rove posted on his Telegram channel that Telegram Stars will be launched, a way to pay for digital services through mini-programs. Mini Programs can be used to accept payments for digital services and make in-app purchases on Android and i0S, and Notcoin and other Mini Programs can be used without installation. Developers can use TON to extract Stars via Fragments and use Stars to further promote their apps on Telegram on preferential terms. When users buy Stars from Apple and Google, a 30% processing fee is deducted, but Telegram subsidizes ads purchased using Telegram Stars.
● The Russian Ministry of Finance officially recognizes crypto mining
The Russian Ministry of Finance officially recognizes crypto mining and may classify it as an industrial activity, paving the way for regulation and taxation of the mining industry.
● The European Central Bank announced a 25 basis point rate cut
The ECB cut all three interest rates by 25 basis points to 4.25%, 3.75% and 4.50% respectively. Among them, the ECB's marginal lending rate was 4.5%, with an expectation of 4.50% and a previous value of 4.75%. The ECB Deposit Facility rate was 3.75% versus 3.75% expected and 4.00% previously. The ECB's main refinancing rate was 4.25% versus 4.25% expected and 4.50% previously. The move extended the short-term gains of the euro against the dollar to 30 points. At the same time, ECB officials ruled out a second rate cut in July.#比特币符文总市值创新高

2024.6.7 Financial Events
● BTC falls below $70,500 ETH falls below $3,800 and falls below $3,800
According to the market, BTC fell below $70,500 and is now trading at $70,197.68, down 1.57% during the day, and ETH fell below $3,800 and is now trading at $3,798.4, down 1.33% during the day.
● Telegram will launch a mini-program digital payment service
Telegram CEO Du Rove posted on his Telegram channel that Telegram Stars will be launched, a way to pay for digital services through mini-programs. Mini Programs can be used to accept payments for digital services and make in-app purchases on Android and i0S, and Notcoin and other Mini Programs can be used without installation. Developers can use TON to extract Stars via Fragments and use Stars to further promote their apps on Telegram on preferential terms. When users buy Stars from Apple and Google, a 30% processing fee is deducted, but Telegram subsidizes ads purchased using Telegram Stars.
● The Russian Ministry of Finance officially recognizes crypto mining
The Russian Ministry of Finance officially recognizes crypto mining and may classify it as an industrial activity, paving the way for regulation and taxation of the mining industry.
● The European Central Bank announced a 25 basis point rate cut
The ECB cut all three interest rates by 25 basis points to 4.25%, 3.75% and 4.50% respectively. Among them, the ECB's marginal lending rate was 4.5%, with an expectation of 4.50% and a previous value of 4.75%. The ECB Deposit Facility rate was 3.75% versus 3.75% expected and 4.00% previously. The ECB's main refinancing rate was 4.25% versus 4.25% expected and 4.50% previously. The move extended the short-term gains of the euro against the dollar to 30 points. At the same time, ECB officials ruled out a second rate cut in July.#第55期新币挖矿IO

2024.6.6 Financial Events
● Bank of Canada adjusts interest rates for the first time in four years
In its official statement, the Bank of Canada (BOC) lowered its overnight interest rate target by 0.25% to 4.75%. This is the first interest rate cut in four years and the first time that the G7 countries have adopted loose monetary policy in the post-epidemic era. It is an important turning point for both the Bank of Canada and the G7 countries.
● Nvidia's market value surpasses Apple
On Wednesday, Nvidia (NVDA.0) shares rose 5.2% to close at a record $1,224.40, with a total market value of $3.01 trillion, surpassing Apple's $3.00 trillion and second only to Microsoft, becoming the first computer chip company in history to reach a market value of $3 trillion. In the past nine trading days, the market value has risen by more than $100 billion on four trading days. The last time Nvidia's market value exceeded Apple was in 2002, when the market value of both companies was less than $10 billion.
● The top three currencies in the real-time increase list are announced
On June 6, the leading sectors were platform coins, BTC ecology and BRC20 sectors, among which CEL rose 52.27% in 24 hours, COM rose 32.89% in 24 hours, and BIP1 rose 21.97% in 24 hours. As of press time, the top three currencies in the real-time increase list are GRPH, MOTHER, and NEVER. The top three currencies in the transaction volume list are BTC, NOT, and ETH.
● PSTAKE rose more than 36% in the day
According to the market, PSTAKE broke through $0.17 in the short term and is now at $0.1739, with a daily increase of 36.64%. The market fluctuates greatly, so please do a good job of risk control.

PSTAKE intraday increase exceeds 36%
According to the market, PSTAKE broke through $0.17 in the short term and is now at $0.1739, with an intraday increase of 36.64%. The market is volatile, so please do a good job of risk control.

According to Wu Shuo, Commercial Radio News revealed that the 12-month licensing transition period for virtual asset trading platforms has ended, and currently 11 platforms are temporarily considered to have obtained licenses. Hong Kong Securities Regulatory Commission CEO Leung Fung-yee said that on-site reviews will be conducted on these virtual asset trading platforms that are considered to have obtained licenses. These platforms will receive notices of review arrangements one after another. If they do not meet the requirements, they will be required to make corrections or even be required to withdraw. It is expected that licenses will be issued to qualified platforms before the end of the year. #监管问题

Cryptocurrency has been in a slump since the bull market in 2017, and Bitmain has also fallen into a slump. Under the leadership of Zhan Ketuan, there has been no news about Bitmain's plan to go public in Hong Kong since then, and there is a trend of gradual decline.
Admittedly, Zhan Ketuan's technical background makes him seem to lack the overall view of the entire industry compared to Wu Jihan.
In this cold winter, capital has long been impatient. The policy has brought a rare dawn to the blockchain. Wu Jihan has regained support from all parties and has come out again. It is natural that Zhan Ketuan was "taken down".
In the ruthless capital market, brothers are against each other again...

Alas, we really can't understand the troubles of rich people. Such a big boss is still doing OTC. It's true that currency traders are like your ex-girlfriend. If you don't do it, there will always be someone to do it for you. #bnb历史新高

After 20 years of full-time trading, I have a better understanding of this market. It is really a year in the world. The market rotates between long and short positions. As long as there are fluctuations and a certain band is made, you can make money regardless of whether you are long or short. Therefore, sometimes you should try to avoid your subjective judgment to interfere with the objective trend of the market. Because there are too many subjective judgments, once the market goes against the trend, it is easy to carry the order. So no matter how the market goes, just trade with the trend. In fact, there are infinite opportunities in the market. As long as you try to avoid repeating mistakes, such as carrying orders against the trend and heavy positions against the trend, you can keep the principal and make profits in the market.