土狗小聪聪

Is the currency circle suitable for ordinary people to participate?

People who play in the currency circle are all ordinary people, but some people play well and directly transcend the class. Just like when shib became popular, there were rumors everywhere in the circle of friends that someone bought 1,000 shib and it turned into 80 million.
Ordinary people can play in the currency circle, but whether you make money or not depends on your luck and your vision. Here I suggest:
1. Don’t be greedy when playing in the currency circle.
Greedy wins people, and often ends up losing all the capital. Follow a principle: double the capital, quintuple the capital + 2 times the profit. Just leave the bottom position and make profits there. If you think you can buy a coin hundreds of times, go to sleep. Novices who hold this kind of thinking will lose money in the end.
2. Play in the currency circle and don’t listen to anything the Telegram group says
The currency circle is more exciting than any TV series you have ever watched. Some people are bullish and some are bullish. In short, all the information you see is designed to let you cut or take over. When you buy a coin, read its fundamentals and white paper first, and don’t trust anyone. For example, there is an atmosphere group in the Telegram group. They say they won’t ship the goods if the price is less than 1u. They usually shout and trick you into adding positions and then secretly ship the goods themselves. After these people finished shipping the goods, they started to sell out. Make your own judgment and don't follow blindly.
3. To play in the currency circle, you must be able to bear the risks
If you rush to the Pixiu plate, you will consider yourself unlucky; if you rush to the top of the Pixiu plate, you will consider yourself unlucky. Remember a motto, don’t take full positions when trading. If you are caught on the top of the market, look for the low point and buy it at the bottom. You will get your money back after doubling the price. If you want to earn more, then read on:
To grab some reliable pre-sales, check out the dxsale platform. If you are lucky, the opening price will be several times or more than ten times the pre-sale price. You can make money even if you hit the market at the beginning. Or go to the Telegram group to do the whitelist task. If you get the whitelist, you can snap up the stock a few minutes earlier than those who rush to open the market, at a low price. You can also find people in the group to buy whitelisted coins, and the price will vary depending on the popularity of the coin. What should I do if I don’t get the whitelist even though I’m doing the task? You open the market. It is best to use a scientist to do it. If you do it manually, you will most likely get hung up on the top of the mountain.

If I buy 10,000 yuan in the currency circle now, will I become a millionaire in ten years?

First of all, this is a wrong expectation: the currency circle is not a cash machine. In any financial market, it is very difficult to obtain a hundredfold return.
Some people will definitely scold me for saying this, but this is a fact. I admit that there are many miracles in the currency circle, and such miracles can happen at any time, but if you invest in the currency circle to experience such miracles, I suggest you forget it, of course.
The reason why you have this expectation is because of the wrong logic of the currency circle:
If you bought Bitcoin ten years ago, you would have made a thousand times the profit now. If you bought 10,000 yuan, you would be a multimillionaire.

This logic is very wrong:
1. The state prohibits various extreme situations such as currency speculation, mining, and exchange failure. Many situations lead to people in the industry generally believing that this industry is going to be finished. If your 1W has become 10W at that time, will you let this happen? Is 10W risky?
Absolutely not, you will definitely withdraw it and run away;
2. There are too many junk coins in the currency circle whose short-term market price exceeds that of BTC. When your BTC increases by 5% and junk coins double every day, can you hold it back?
Definitely not, you will mostly buy junk coins;
3. There are too many cases in the currency circle of people getting rich through short-term contracts. If BTC rises by 1%, if someone opens a contract 50 times, it will rise by 50%. Can you hold back?
Most people won’t. When you open a contract, it will definitely return to zero;
4. There are too many hot spots in the currency circle. When the money-making effect of NFT is most obvious, everyone buys, sells and speculates around NFT every day. Can you hold back?
Most people won’t, and there are too many ways for you to buy and sell NFTs that will make you zero;

We often think that if we invest 10,000 yuan, if we look back ten years later, we will be a multi-millionaire.
But this is always an ideal: when you see others getting rich suddenly, when you want to get married and buy a house, when a family member becomes seriously ill, etc., there are many situations that you cannot handle, and there are too many temptations that make you return to zero.
The biggest threshold for this simple strategy is time, enjoying the current life and maintaining the ability to make money, and treating the money invested in the currency circle as lost.
The logic of value investing is very difficult.

How to grasp first-hand news in the currency circle? Can you make money if you master it?

Let us first assume that you can see a lot of information in the currency circle and spend a lot of time reading this information push every day.
So if you buy coins based on this information, will you definitely make money?
If you can definitely make money, or you can increase the probability of making money.
Then it must be those who work in self-media. They need to collect too much information.
But apparently not.
There should be two types of people who make money in the currency circle. One is those who have been mainstream for a long time and enjoy the rise of the industry.
They just think, oh, the bull market is coming, then I will sell some to improve my life.
The second type is deeply cultivated in the currency circle and transformed on the basis of the first type.
For example, first make money and then master various information about the currency circle, and then study the gameplay of various projects.
We call these people web3 people.
When you are sleeping and playing games to pick up girls.
They may stay up late in front of the computer, drink bitter coffee, and write programs and read information in a small house rented for thousands a month in Shenzhen.
The information you understand is actually a kind of laziness. If you see something good, just rush in and do it.
Sometimes if you are lucky, you can actually make money. Stop playing unless you get one.
But if you just keep playing, something will happen
Let me give you two examples. When someone went short or long on LUNA, their positions were liquidated. lose a lot of money
There were also people who thought that FTX would fall sharply and went short, but their positions were liquidated. In the end, it fell, but before the fall, they must first blow you up. It is targeted at speculative funds like yours.
Playing in the currency circle, an opaque place with unfair probabilities, speculating based on the news is actually not worth the gain.
To be honest, it is better to make more money outside and learn more knowledge inside.
If there is really a coin that you are optimistic about and you have thoroughly researched it, then you can buy a little bit and it will increase 100 times in the end. So have you found out?
In fact, it is the result of the time you spent on research in the early stage, not the result of you buying the coin immediately after seeing it.
In fact, it is essentially the power of time, and lazy people just want to ask about the code and buy it immediately. If they buy it, it will skyrocket and they will be happy.
If the price falls, I will cry to heaven and earth. That's an act of failure.
A man must be able to lose, and even more, he must be able to win and wait.

Is there one thing you haven't figured out yet: if you take the currency but don't sell it, it's bullish. Then when the price rises and someone takes over, you will make money. The question is, who has such a large amount of capital to take over the deal at a high level?

The market you understand:
A: Buy for 100 yuan, sell for 200 yuan; buy for 200 yuan, sell for 1800 yuan...
B: 200 yuan to buy, 10,000 to sell; 9,000 to buy, 5,000 to sell...
C: 10,000 yuan to buy, 120,000 yuan to sell...
Real market:
A: Buy for 100 yuan, buy for 200 yuan, buy for 300 yuan...never sell (believer)
B: 120 yuan to buy, 150 yuan to sell; 130 yuan to buy, 1000 yuan to sell... (speculator)
C: 20,000 cost to mine, 40,000 to sell (miner)
D: 1,000 yuan to buy, 1,500 yuan to use coins to buy a car, 1,800 yuan to use coins to buy a computer, 10,000,000 yuan to use coins to pay taxes and ransom (user)
E: Buy for 50,000 yuan and sell after 10 years (asset allocation)
E’: Because of the collapse of the local currency, 100,000 was purchased and anonymously processed and saved (asset value storage and preservation)
F: Buy for US$50,000, sell for £36,000 (Bridge Exchange)
G: 30,000 blocks to buy and mortgage defi development project (fund anchor)
.............
Countless people around the world, for their own reasons, gamble in the market all the time, and finally get this price. Both the buyer and the seller were happy for their own reasons at the moment the transaction was concluded. So don’t worry about the people who are ‘taking over’ because they don’t feel like they are taking over.

Why is 2025 a bull market in the currency industry?

For example, on June 19, 2022, Ethereum fell to more than 800 US dollars. The reason why it fell to such a low was because many institutions went bankrupt and large investors were liquidated. In addition, the Federal Reserve raised interest rates, and the external environment was very harsh. , that’s why I fell here.
However, due to the benefits of the Ethereum upgrade, the price increased to more than 2,000 US dollars from June 19 to August 14, directly doubling.
Many people think that 25 years is a bull market in the currency circle, which is also based on cycles, and a very obvious symbol of the cycle is the halving of Bitcoin. The upgrade of Ethereum can buck the trend and rise in such a harsh environment, so the halving of Bitcoin It will attract more attention, and the external economy will not be so bad at that time, and it is more likely that the Federal Reserve will release water again.
Therefore, many people, including me, are planning to buy the bottom when the bottom is next year. However, there are differences between people. Some people shout to buy the bottom, but they dare not buy when the bottom is really there. Anyone who dares to buy the bottom and hold it can make huge profits.
The cyclical nature of the currency circle will weaken with the rise in Bitcoin prices and the entry of traditional institutions, but it will still be a very effective indicator at least in the next bull market and the next bull market.
The last thing I wrote is not for everyone to read. For those who always call out Ponzi scheme or Tulip scam, you can leave it. There are many people who popularize science and you don’t read it. The size of the currency circle is growing and You also ignore the consensus that has been built up for a long time, so there is nothing to talk about.
How could this world not be a Ponzi?

As a newbie in the cryptocurrency industry, what do you need to pay attention to?

Most people who are new to the currency circle are in the secondary market.
You must have a deep understanding of the two major ways of playing the secondary market: spot and contract.
Note: The contract is only for big cakes or concubines.

If it is a small amount of money, or an amount that will not matter to you if lost, such as 10,000 yuan, it is about 1,500 U when converted into U
It is recommended to first take out 100U of it and put it in the contract account, and then only open 10% of the position each time, with a leverage of 50-100 times, on a position-by-position basis.
If you don’t know anything about trading, you can use this 100U based on your feeling first. Whether you lose or make money depends on your luck. This 100U is just to let you feel how worthless money is.

After losing this 100U, you need to start learning technical analysis
Any kind of technical analysis can be used, or any kind of indicator, or even a bare K-line. While learning, observe the success rate of the technology you learned on the historical K-line chart of the target you are trading.
When you feel that you have a better understanding of K-lines and indicators, then transfer to 100U to guide your trading based on your learning results.
At this time, you are still making losses and profits. In most cases, you may not be able to strictly follow the learning content. No matter what, you will soon lose 100U again.

Next, you need to start learning trading psychology
You need to improve your execution based on trading psychology, and even judge market sentiment through indicators and technology.
If you have enough learning ability and strong execution ability, you can now strictly implement the technical analysis methods you have learned.
Then transfer 100U. At this time, your chance of winning will be greatly increased, but after a period of time, you will still successfully lose all the 100U.

Next, you should learn some math knowledge
The biggest difference between trading and gambling is that the winning rate and profit-loss ratio can be changed through subjective initiative
Learning techniques, learning psychological analysis, and improving execution can improve your winning rate, but the profit-loss ratio is the secret to making big money from contracts.

For example, the hourly level was 1300, the lowest price within 3 days. The price retraced to this point many times and then rebounded. So you seize the opportunity to reduce your position at the price of 1302 and stop the loss at 1295. The highest price of the historical rebound is 1389. If If the market goes right, it can even break through the pressure level and reach 1400+. At this time, your potential profit and loss ratio has exceeded 1:10. This is definitely a risk worth taking.

The prerequisite for grasping the profit-loss ratio is to strictly implement the stop-loss strategy

Contract is the best test officer to test human nature and endurance.

Spot, the amount of funds is too small. Why buy spot? If you throw 1W into it, even if it increases 10 times in a bull market, how much will it cost if you get 7 times the price? It’s not worth your investment at all. If time is limited, just buy big cakes or aunties near the bottom of the bear market.
However, how many players in the currency circle want to make a small amount of money?

Who has been making money in the currency circle?

There are three types of people
1. Water pumpers
2. Smart traders
2. Rule breakers

A rake, as the name implies, is a person who does not participate in the gambling but only rake or act as an intermediary:
- Those who engage in exchange commission rebates. Don’t be discriminatory. It’s normal for big Youtube and Weibo Junket Operators to have commissions of millions of dollars a month. Top Youtubers like MoonCarl’s commissions are tens of millions of dollars a year. In addition, computer knowledge is also of great use in this field. There are some professional SEO technical teams that specialize in keywords in this area. Sometimes when you search for the name of an exchange on a search engine, the first search result you click on is them. Invitation link, it is normal for this kind of leading SEO team to earn hundreds or tens of millions a month in the bull market.

- Open a paid community and act as an information intermediary. Often when some big Vs accumulate a certain number of fans, they start to set up a paid community. A slightly larger paid community can receive millions of RMB in annual fees. In addition, these group owners have additional gains, that is, for example, if they find out what XXX activities are held on XXX exchange, they post it to the group, and many people will register through his link, and they can earn a lot of head fees all at once. . Suppose my Zhihu account now posts a "Tutorial on opening a U.S. stock account". I estimate that by posting an article, at least 200 people can open an account through my link. One head = 100-1000 US dollars commission. You can calculate how much money I can make assuming that I have a low moral sense.

Smart traders are mostly individuals or teams with unique skills.
- Computer faction. Many traders who make a lot of money in this market are programmers with computer skills or are institutions where a large number of programmers work. There are many sects evolved from computer technology, but they are roughly divided into two factions: on-chain and CEX.

On-chain promotion: Some people will develop programs to launch airdrops, events, fair launches, and whitelists in batches. They would do anything that they could be sure someone would take over and make them money from. Many of the biggest players in the domestic currency circle are the group of professional woolies who started using Fiddler tools to make money in 2016-2017.

On-chain MEV: What you earn is the slippage spread paid by retail traders. You can say that this is very risky, but you cannot say that it cannot make money.The largest MEV bots generally earn millions of dollars a month.

On-chain CEX arbitrage: Many times, hot money and bookmakers like to detonate the market on CEX. A large order can raise the price by several points. When encountering such a large price difference, opportunities come for arbitrageurs. They can buy chips on the chain and hedge them on the CEX contract, then wait for the price to return and slowly sell them to complete risk-free arbitrage.

Statistical arbitrageurs: There are many currencies in this market that are correlated. The principle behind it is that market participants have a psychological mentality of "AAA has risen/fallen, while BBB with the same concept has not risen/falled yet, so I want to Go buy BBB”. Statistical arbitrageurs will write sophisticated programs to calculate the approximate historical correlation between different currencies. When the deviation reaches a certain level, they will take advantage.

Market makers: In fact, market makers often wear multiple hats. On the one hand, they provide liquidity for buyers and sellers in the market. On the other hand, they also do statistical arbitrage, delay arbitrage and even VC. Theoretically speaking, the job of a market maker is to earn the spread price, but they also do a lot of other private work to improve their return on investment.

News trading is where I have my roots. What is earned is money made by retail traders whose information is lagging behind and market makers whose information channels are not fast enough to cancel orders. Retail traders often rely on word of mouth from a few slow news media or communities to obtain information. The reaction time to a piece of news often takes several minutes, so as long as they buy faster than retail investors, they will make profits.

It’s so diverse that I don’t want to continue writing.

-Integrated data flow system. The data stream system often looks at the market's IO position data, large order transaction data, and monitors the address changes of large investors. They seem to have all-seeing eyes in the market and can grasp the flow of money faster than ordinary people. In essence, they make money with lagging information.

Rule breakers
Market manipulators, that is, dealers in the secondary market, will accumulate a large number of spot chips of small-market altcoins in advance, and then start the market to increase the price by more than 10 times, and then slowly twap and ship after retail investors buy in. When retail investors look at it and say, "Wow, this currency has dropped 50%, I want to buy the bottom." In fact, even if it drops 50%, market manipulators still make money.

Insider traders. Some are real insiders, while others have mastered certain loopholes or leaked information. A typical example is the leak of Coinbase. Any currency listed on Coinbase in 2021 will 100% skyrocket. Smart people have discovered that Coinbase will test transfers in its on-chain wallet every time before listing a coin. By monitoring Coinbase's on-chain behavior, smart people know in advance what coins Coinbase will list, and start buying small coins a few months in advance. The market value of the currency will be determined, and then it will be listed and then sold to American retail investors who are belatedly belatedly after the price rises more than ten times. In addition, Coinbase also has an API leak. Coinbase staff added a coin to the backend before it was opened for trading, but just hid it. Some smart API leak miners will test enumerating the symbols of different coins to place orders. The three types of coins that are not on the shelves/coins that are already on the shelves/coins that are about to be on the shelves but are hidden will have completely different APIs. In response, API leak miners can use this to know in advance which coin Coinbase will list.

Why are market manipulators and insider traders so unscrupulous? Because many non-European and American countries treat cryptocurrencies as commodities, and there is no concept of "market manipulation" in the legislation of many countries for commodities. Just like if you stock up on Rolex watches and sneakers in China and then sell them at retail, no one will care. Similarly, no one will care if you sell the goods at high currency prices and then ship them.

Is there a future for day trading?

First of all, let’s talk about the answer. From the effect point of view, day trading has no future.
However, if your goal is to become a competent trader, for most people, day trading is pretty much the only way to get started.
Why is there no future for day traders? It's very simple. We jokingly call this job moving bricks. It requires a lot of energy and physical strength. Basically, after the age of 35, you will gradually feel the pressure. Moreover, the premise for a day trader to be able to make stable profits is to sacrifice management scale and excess returns. For example, if we are doing arbitrage, if we can manage a scale of 2 million and achieve a stable annual rate of more than 20%, we are already a very good trader. .
This income is basically the ceiling for non-genius traders. Unless you are confident that you will become one of the only geniuses in a field where only a few people can qualify, it is not recommended to expect additional income.
But then again, if we think about it from another perspective, trading is a skill, which is essentially no different from learning other technologies. If you don't practice a lot of deliberate practice, it will be difficult to learn how to deal with risks.
Many people tell you to do long-term trading, and they are right. However, if the number of transactions in a year is less than 100 times, how long do you plan to study to mature yourself?
If you are referring to the future and asking whether you can make a lot of money intraday, I advise you to give up on this idea.
But if you want to learn how to handle risks, how to respond to market changes, and follow the market's pace through day trading at a low cost, then day trading is almost the only way that you can learn how to do it in just two or three years. Trading methods.
the reason is simple:
First, if you are engaged in day trading, you will definitely not be able to take care of other jobs during the opening period, so the guarantee of a minimum living income is a problem. And you can give up on trading part-time at the same time. Learning trading is not like going to school to work-study. What it learns is an abstract logical thinking ability. It needs to solve some problems that have no standard answers, so it requires a lot of Use your time to relax yourself. You can use it to read books, think, or even browse Zhihu and watch videos, which will help you, and all of this requires you to have free mind and time.
Second, you do not need to bear the losses of trading yourself. Do not underestimate the losses of intraday trading, especially before you become a qualified trader. Even if you trade a product like soybean meal with two hands, it will be normal at the end of the day. The risk control limit should also be around 300 yuan. This fee is naturally dispensable for an institution, but it is a fatal poison for an independent trader who has no other source of income. It is very likely that you will lose money for more than a week if you are unlucky. I went to the hospital when I was sick, and my cash flow immediately dried up. I had no choice but to stop doing business and work part-time to save money to continue living a difficult life.
Third, although the subsidies provided by trading institutions during the apprenticeship stage are generally not high, they can usually only sustain your survival. In Jinan, the maximum cost is between 1,200 and 1,500 yuan. But at least you have an income to prove that you are working outside the home in a serious way. Otherwise, you would be bored at home all day. One day you will be excited because of the profit, and tomorrow you will be depressed because of the loss. This behavior is very similar to gambling. It is difficult to gain recognition and support from family members, and we are in such a difficult stage. If we lose the financial support of our family, I think it will be difficult for normal people to persevere.
Fourth, and most importantly, is an environment for communication and learning. When you, as a novice, are in an environment surrounded by similar traders, it is a very happy thing. Everyone trades with similar targets, uses similar strategies, and encounters similar problems. People’s understanding of the market is different from that of others. Risk management ideas may be different, so there will be exchanges, debates, and deeper reflection and learning. Although not every exchange can make you progress, the inspiration brought by such exchanges will help you continue to move forward. ladder.
The last thing I can say is that for most people, trading is a pit of fire. I have seen countless people around me who are so addicted to it that they cannot extricate themselves and lose their money. If you have not understood why you should enter the market to learn trading, I suggest you think about it again. .
But if you understand what you are pursuing and have the time and capital to try to learn trading, I would like to congratulate you. Even if you find that you are not suitable for trading after two or three years, you will still gain a lot. When you start to learn from risks, Think about things from a different perspective. When you can learn to make choices instead of betting on the outcome, even if you don't do well, you have learned a very important lesson in life.

How much do you know about the reasons for losing money in the currency circle?

1. Serious short-term thinking
What we are talking about here is short-term thinking, not real short-term or swing trading; simply put, we should take a longer-term view. What everyone discusses is how much it has risen today and how much it has fallen tomorrow... And What will happen to this currency in half a year or one year? You can look at any of the so-called "great gods" who have achieved financial freedom in the current currency circle and make money in three to five days. They all rely on time;
Of course, this does not mean that we should completely ignore the short-term ups and downs and just hold the currency blindly. Rather, it is necessary to reasonably allocate positions, focusing on the long term, supplemented by the short and medium term, and follow the short-term trend changes if you can see them accurately.
2. Chasing the rise and killing the fall
Chasing the rise and killing the fall is a mistake made by almost every investor in the currency circle. When you see a certain coin rising sharply and the whole world is discussing this coin, you follow the trend and buy it. After the purchase, you are reluctant to lose 10% or 20%. Cut off the flesh and wait until the day when the trap is released. When it continues to fall and loses 50% or even 60% or 70%, it feels that the currency is no longer good, so it cuts the flesh directly to the floor; and then repeats this step again and again.
To be honest, there is really no good solution to the problem of chasing the rise and killing the fall. The only way is to rely on paying the tuition. Only when the tuition is paid in full and it hurts, will you remember and slowly get rid of this habit.
3. Lack of cognition
Many people do not think at all before investing and just do what others say. Today a big V said that this coin is good and he bought it immediately! Tomorrow XX hears from the gossip that that coin will rise, so I will buy it... As for what is good about this coin and why that coin will rise, I have no idea at all; others are speculating on coins based on their own perceptions, but you are following their lead. Cognitive currency speculation
There is no natural reason for this kind of brainless investment method not to lose money. We can use other people’s cognition as a reference when investing, but we must establish our own cognition before doing so;

4. Too impetuous at heart
Impetuousness seems to have become the norm in the currency circle. Many people enter this market with the mentality of getting rich overnight, but they are not prepared to return to zero, let alone the ability to get rich overnight! When you buy a coin, you hope that it will rise, double in three days, or 10 times in half a month... If the coin you buy does not rise in half a month, or even suffers a loss, then you will start to make excuses for yourself, and then Go and scold the mother in all kinds of ways, scold the project side for not doing market value management, scold the dog bank for smashing the market, blame the big V for inaccurate predictions...
I have never seen an investment market where the currency circle is so impetuous. The reason why most of the currency circles have too impetuous mentality is because they have seen too many stories of getting rich overnight in the currency circle, and almost every time period around them There are ten-fold coins and hundred-fold coins. I subconsciously regard the currency circle as a casino with a 100% guaranteed win. I think I can make money as long as I buy coins, but do not regard it as a real financial market. Bloodthirsty is The nature of financial markets
5. Not learning
Some media previously conducted statistics on investors’ understanding of digital currencies. Among the 778 digital asset investors sampled at any time, less than 10% could quickly and accurately describe “What is Bitcoin?” Only 17 people know “What is blockchain technology?”;
Although the statistical coverage of this data is very small, it is enough to explain the current situation of the overall investors in the currency circle. If you don’t even know what you are investing in, where does your faith come from? Without faith, how can you hold onto chips no matter how low the price is or how good the currency is?
Learning is eternal wealth. Only continuous learning can avoid being harvested.
6. Lack of sound investment concepts
Most people don't have a complete investment plan before investing, and they just follow their feelings. This kind of intuitive investment method has a high probability of losing money if you encounter unexpected situations. Only make a corresponding investment plan before investing, such as: How many currencies to buy? When to buy? How do they allocate their positions? If you lose money after buying, should you stop the loss or cover the position? After making a profit, should you reduce your positions in batches or continue to hold them? ····
Only by summarizing a set of investment strategies that suit us can we deal with various situations. Whether it is rising or falling, we can treat it calmly. This can at least keep our mentality in an invincible position and avoid the influence of mentality on making wrong choices.

Discuss what the rise and fall of the currency circle has to do with it?

The rise and fall of the currency circle is intuitively related to the buying and selling demand.
If there are more people buying and fewer selling, and those buying are willing to buy at a higher price, then it will rise.
If there are more sellers and fewer buyers, and the sellers are willing to sell at a lower price, then it will fall.
There are many aspects that will affect the demand for buying and selling. One is conceptual hot spots, the other is market cycles, the third is policy risks, and the fourth is black swan events.
Conceptual hotspots such as the previously popular brc20, LSD staking track, and small picture track have all been hyped and show signs of making money. Exchanges and bookmakers will promote them every day, testing emotions first, and then pulling the market. Let’s take a closer look at the entry funds, and then guide the funds to flow in here. These are new speculation targets and basically have no hold on the market. When new money flows in, it is very easy to pull the market. The sellers are reluctant to sell the goods and seek higher prices. Prices are sold in anticipation, at which point prices rise further until the bubble bursts.
The second market cycle is the bull-bear cycle of the market. For example, everyone knows that the pie is going to be halved, the Federal Reserve is going to cut interest rates, the market has more prospects, and the expectations of the pie are getting better, so at this time, we will continue to buy. If the sentiment is consistent and there are good development projects in the market, then at this time, smart money will enter to push up prices and gradually increase market valuations. Attract more people to the venue.
The third is policy risk. For example, the SEC recently regulates securities currencies and is not allowed to trade in the United States. If this project itself is an air project and 1/4 of the people are lost immediately, it is basically declared dead, then it will definitely fall. If This project is like Ethereum, so it may plummet for a while, and then the price will slowly come back. For example, if there is an epic benefit, the mainland is fully compliant, and everyone can speculate in currencies, then this kind of policy will definitely affect the market, and there will definitely be bookmakers who take advantage of this benefit to cause trouble.
The fourth is a black swan event. This kind of event is unpredictable and impossible to deal with. You can only wait and wait for it to really happen, and then you will know that this moment is a once-in-a-lifetime opportunity to make money. No matter what kind of black swan it is, positive or negative, They are all opportunities to make big money, because there are long and short positions in the currency circle. When such a big event is seen by the bankers, they will use this event to create a hype, whether it is short or long, whichever way the funds go, the price will also go. Move this direction up.
There is a more important point, which is also the fundamental reason for the rise and fall. In this market, everyone wants to make money. Good news and bad news are better than no news. Therefore, the rise and fall are actually due to the bloodthirsty and greedy motivation of capital. It’s not because of anything else, capital is ruthless, it’s just about making money and nothing else.
Just like if you don’t waste boring time and focus all your attention on making money, you will also have the characteristics of capital and make a lot of money. Of course, it all depends on your choice. You can choose to play games and chat. Music, flirting with girls, or you can choose to improve yourself and act for the ultimate goal of making money.

I want to play in the currency circle, but my principal is only 10 yuan, how can I play?

In fact, it doesn’t cost 10 yuan and can be done at zero cost.
First participate in some casual projects, just follow and repost, join the channel, invite friends, and you can get some airdrops. After you get the airdrops, you can just sell the coins. Save U repeatedly. With U, you can play more things in the bull market.
Because you don’t have money, you have to do extremely efficient things and accumulate capital quickly. Only airdrop.
Use your unit time to do this. If you have no money, you may not be able to earn 10 yuan an hour off-site. If you come to collect coins, it will be meaningless. Tuning coins is not a panacea. The prerequisite for tuning coins is your sufficient fixed investment principal. So based on what I know, you just come and masturbate inside.
But anything that is too popular requires money. If you don’t have money, the efficiency cannot be high, so don’t go.
Others, such as promotion and commission rebates, are very ineffective. But you have to go too.
Because what are you going to do with the remaining time in the airdrop? You must make use of it.
Don’t play games and don’t use TikTok. Don't do anything else.
Let me just talk about my own life journey.
I'm not good at reading, and I'm not very smart, but I know that reading is the only way for me. I work really hard. When I was in junior high school, I got up at 5 o'clock every day to read vocabulary. I studied at night and walked after class. I would take out my English For a small book, I would go to the streetlight and read it aloud a few times, then memorize it again, and then read it all the way through. People would come out and scold me for screaming at night, but I would still fail the exam. I didn't even get into college. I really didn't have any talent in reading, but I worked really hard.
My only advantage is my tenacity, which is extremely tenacious. You can tell by watching me write on Zhihu. I have been writing for 10 months. I am not good at writing and I don’t have many fans, but I still work as always. I am a talent. Extremely bad person. But I believe everything depends on accumulation.
Everything else I do is mediocre, but I am hoarding coins, and I have really achieved great results. A person with my personality may be suitable for the coin industry. Because in the currency circle, coins are constantly accumulated, and as long as there are no problems with the underlying, it will explode sooner or later. This is the power of the currency circle.
So don’t feel like you have less money now. Money is not the only way. Money only makes you more efficient.
But you can be the efficiency accelerator of your own life, and you can stand tenaciously in the currency circle. As long as you are in this field, you keep playing, and your method is right, then it is impossible for you not to make a fortune, unless you are not eager enough. .

Lao Jiucai wrote some honest truths to newcomers in the currency circle.

OK, when it comes to cryptocurrency, the first thing that everyone thinks of should be "Bitcoin", which was born after the 2008 financial crisis.
On November 1, 2008, Satoshi Nakamoto proposed the concept of Bitcoin.
On January 3, 2009, that night, he pressed the run start button, and the world's first node was lit. This was an extraordinary night, the night when the Bitcoin genesis block was born. Maybe he At this time, it has been anticipated that the development process of Bitcoin will be like the lights outside the house.
The original intention of its invention was to solve some problems of the traditional monetary system. You can Baidu the various reasons for the outbreak of the financial crisis on your own. It is too complicated to explain in a few words. Here, let me tell you something else in simple terms: Your money is in the bank. Although you know your bank card password, the bank still has the right to freeze your funds. In the currency circle, as long as you have your private key, no one can freeze your assets. This is the difference between centralization and decentralization.
Buterin, the founder of Ethereum, played World of Warcraft when he was a child. The attributes of one of his favorite characters were changed by Blizzard, which made everyone angry. In 2013, he learned about Bitcoin and was attracted by its decentralized characteristics. Blockchain industry. There is a saying that I don’t know whether to say or not. Today’s centralization and decentralization are somewhat similar to democracy.
Now that you have faith, how to trade can be done by downloading this exchange. If you don’t know how, you can ask me. It’s very simple.
OK, I downloaded the exchange and now know how to trade. Start losing money now!
The following highlights, look good!
Method 1 for beginners to lose money: Be attracted by stories of sudden wealth and read other people’s recommendations: buy SB, start with a hundred times, start with a thousand times, and set sail with a thousand times! Musk pushed it, CZ pushed it, it’s going to be on the big exchanges, buy it quickly, otherwise it will take off (return to zero) and you can’t buy it anymore, haha.
Method 2 for beginners to lose money: Contracts, look at other so-called contract "masters" posting orders, +1000%, +3000%, and then feel that you have met a "noble person", quickly contact the other party, then scan the code or pay to join the group, follow The final result of the "elegant" stud contract is self-evident. The teacher makes a lot of money in commission, but you lose a lot of money.
OK! The above two points are the easiest pitfalls for beginners. They are very common on some domestic web2 platforms, such as Zhihuwb Post Bar and so on.
In addition, another question that Xiaobai is worried about is whether cryptocurrency is a scam, and will the bubble burst one day? This kind of question is actually a bit silly. In terms of time, everything from the end of human life to the collapse of the universe into a black hole all ends with death. In other words, you know that you will eventually die, so why don’t you live now? The process is the most important, whether the blockchain is a bubble or not. The most important thing is that you can make money in this process and during this bonus period to enjoy life, and do nothing else.
Another point is that trading cryptocurrency is not illegal, but it is not promoted in China. Some novices just wanted to learn about the currency circle, but when they searched for Bitcoin on the Internet, they found only negative articles, which shocked them.
You still need to bear some losses by yourself. There are some paths that you still need to explore on your own. From the simplest path to the simplest, it’s really not that difficult to play the currency circle. But most people won’t listen to advice. It’s too easy to be attracted by all kinds of things when they first enter the currency circle. Most of them are pitfalls. Only after experiencing it yourself will you find out: When you first entered the currency circle, you didn’t listen to others. It is said that only by holding spot stocks in a long cycle can you make money, but I didn't expect that this is really the case.
Admit your own shortcomings, admit your abilities, and admit that you are just an ordinary person. If you can do this, you will surpass many people.
Let’s talk about Bitcoin again. The first time I learned about Bitcoin was in 2015. At that time, it was worth a few hundred dollars. At the beginning, I searched for various articles about Bitcoin on the Internet. At that time, there was relatively little information available. Same now, mostly negative.
Including some newbies who are now entering the industry, in the face of these negative reports, they still decided to enter the cryptocurrency industry. I think this is already very good. Being able to not be influenced by the mainstream media is also an ability in itself.
My doubts about Bitcoin have never stopped from the time I came into contact with Bitcoin in 2015 to now, and before 2015.
I looked at those people and scolded Bitcoins from a few thousand yuan to hundreds of thousands. Of course, the pie only cost a few cents at first.
I always think this is a good thing. An industry will not be favored by the public only in its early stages. To put it bluntly, most people in this world are ordinary people, and their opinions and thinking logic may not be very good. It is easy to be brainwashed by all kinds of information.
What I have to admit is that even if we don’t compare material conditions, we really have advantages and disadvantages in terms of personal abilities and ideas. The facts are so cruel.
I don't show off how outstanding I am here. Even though I am one of the ordinary people, sometimes I find it very difficult to communicate with some people around me, or in other words, it is too difficult to communicate.
Therefore, I think the gap between people is more ideological and logical than material.
On the domestic platform, there are some things I can’t say too directly, but anyone who can understand them can understand them, haha.
In other words, think about why "going with the crowd" is a derogatory term?
It seems that we have gone too far here, so the meeting is over.

Lose money as soon as you buy, reveal how the bully in the currency circle cuts leeks

1. The cost of minting coins in the currency circle is dozens of yuan. Friends who want to issue coins and collect them directly can search for: ERC20 coin issuance tutorial; there are many and detailed tutorials on the Internet. Even if you are a novice, you can issue your own coins in half an hour.
2. With the back-end trading software of the Tugo project, you can clearly see how many coins have been sold and the average price of the coins sold. You can pull the market with one click and smash it with one click. The cost of buying such a software is about 300U a month.
3. According to the guidance of the background software, the Tugou project team can easily control the market. Let me show you how the Tugou project team controls the market.
⑴: Assume that 10,000 coins are sold now, and the average price of the coins sold is 1U from the background. Then there will be 10,000U in the project party's account at this time.
⑵: As the 10,000U in the account grows slower and slower, it means that there are fewer and fewer leeks on the bus.
⑶: At this time, you can hit the disk with one click in the background and hit 0.5U in one second. 0.5 sideways and wait for Leek to choose stop loss.
⑷: The project team saw from the background that almost all the coins sold before were taken back. At this time, just pull the disk with one click and pull it to 2U in one second.
⑸: Pull in the 2U buying order to hold the market sideways, wait for the leeks that stopped the loss before to regret it, and come back to take over the order.
⑹: The project team goes to various major communities to promote that their project will increase four times a day, and can increase a hundred times. At this stage, they do not expect Leek to enter the market, they just want everyone to pay attention to their project.
⑺: Slowly pull the tray, every one hour or two hours, pull 0.1U, which will make the watching Leek regret that 2U did not get on the bus, and then Leek will slowly pick up the goods at the airport.
⑻: The project team observed the background data and saw that the account's U growth was gradually slowing down, so it hit the disk to 0.5U with one click.
⑼: Some leeks will stop the loss. Some leeks will feel that it fell to 0.5 before and then rose, so they choose not to ship. Some people who were waiting on the sidelines but did not get on the train thought this was a good opportunity and chose to buy at the bottom.
⑽: Before the project team went to major communities to promote their projects, 0.5U had increased 4 times. If you don’t buy it now, wait until later.
⑾: Observe the data in the background and wait for Liechai to get on the bus. When Liucai is almost on the bus and the U growth of the account gradually slows down, he hits the market to 0.00001U with one click.
The above is the entire process of a local dog project. Most projects end in the third stage, and a small number of projects will go back and forth several times before choosing to end at zero.
There is another type of bully who pulls the market with his left hand and his right hand at the opening of the market, and then pays KOLs to promote it everywhere. It feels like the entire currency circle is discussing that the project has increased thousands or tens of thousands of times. In fact, he may It only increased twice. When you enter their community, they will also promote other projects of their own, tell you that other projects will also increase thousands of times, and then replicate the operation of Tudog Control that I wrote before.
I don’t buy any projects outside of mainstream exchanges. The kind of idiots you see making hundreds of times or thousands of times are all the projects’ own shills.
Those bloggers who post about how much they earn every day are the bloggers who want you to join the group and ask you to buy the native dogs they post and harvest you.
The native dog is like spinach. The dealer can see all the data clearly from the background. Do you think they will let you take the money that is rightfully theirs?
All bloggers who lead you to play projects other than mainstream exchanges are committing fraud! Remember is all! If there is any local dog blogger who is dissatisfied, you can show your face and confront me!
After reading this article, if you still want to play Tugou, I can only say that you deserve to lose money and deserve to be cut off. On behalf of the Tugou project, I would like to thank you for your gift! Let them run super cars in mansions, play music every night, and hug each other. And you can only eat instant noodles and work to pay off your debts. I thank you on behalf of all Tugou projects! You are such a good person and such a philanthropist!
It's hard to say, but if I can't wake you up, there's nothing I can do!

The ultimate strategy for the local dogs in the currency circle teaches you how to enter the primary market
1. No pattern
There must be no pattern in the primary market. Run when you need to, and cut when you need to cut. Hesitation will only lead to defeat. Never imagine that you can get rich hundreds of times or thousands of times by holding on to a local dog in a few months or a year. That kind of thing is hard to come by, 99% of them are leeks cutters, sell it when it rises several times, don't be greedy, go find the next one, the final destination of the native dog is chronic death and zero. If you lose money, you should cut your losses immediately, and if you make money, you should pay your capital immediately.
2. Don’t stud
The essence of the Tugo project is to use small to make big gains. Stud is likely to lose all your money. You must control your positions. Again, don’t try to get rich overnight. Basically, the pool in the primary market is not too big, so it fluctuates by dozens of points. Even one or two times is normal. You have to go against the bulls within a controllable risk range. Whether it is the primary market or the secondary market, stud is a taboo behavior. You can’t afford to buy at the bottom.
Although the more you buy, the more you earn, but the more you buy, the more you gain. The reason why you can make a big gain by buying less is because you buy less and the funds are within the controllable range, so you can hold on to it.
3. Stay awake
Don't blindly chase high FOMO in a hot head. The higher the market sentiment, the more FOMO means the sickle is coming. Don't blindly chase high and take orders. There are too many local dog projects. You would rather miss it than chase high. Stay awake at all times.
4. Don’t be lazy
There are many ways to make money in the currency circle. Some people can make money without speculating in coins. People are just willing to spend their time. There are so many projects now. Some people go to work as volunteers on the projects and get paid as little as tens of hundred dollars. It’s better. Even for a few hundred dollars, you can get a project whitelist. A good project whitelist can be sold for a few hundred dollars. Isn't this a huge profit without any cost?
Likewise for those who speculate in currencies, if you have time to do more whitelist tasks and get the qualifications for priority purchase or pre-sale, wouldn’t it be better to get low-priced chips than to chase after the opening market? The risk will be much smaller, and there are many now. Projects are all about recruiting people into qun or flying to whitelists. If you buy dozens of numbers, you can still use them after one or two hundred people are whitelisted.
5. Get rich through technology
Please don’t rush to open the market without scientists.
Nowadays, at the opening of various large and small projects, you can see a big positive line and then a big negative line, which was rushed by Tugou Technology.Technology captures the opening information through on-chain data and immediately increases GAS to buy in and get low-price chips. Maybe you manually displayed the price and quantity on your mobile phone just now, but Technology has already bought it and is waiting for Leek to carry the sedan chair. Gas is mentioned, which you can understand as handling fees. The default gas for trading dapps such as Pancake seems to be 5. The gas for technology is hundreds or even thousands. The miners on the chain always hope to get more. Mining rewards, while packaging transactions, the higher the transaction fee, the easier it is to be packaged, so the faster you buy it.

Teach you how to fight against the local dog correctly, and learn how to be a boss

1. What is a native dog?

On-chain natives usually refer to ultra-early projects with no project white paper and extremely shallow token trading depth. The decentralization and low threshold of DeFi have enabled the rapid development of many high-quality grassroots projects, and also provided a convenient harvesting environment for people with bad intentions. Most native dog projects are short-lived, with a life cycle of 1-3 days. Only a few local dogs can achieve a market price of hundreds of thousands of times and become listed on major exchanges and become golden dogs. Even so, there are still many people who can stably make a hundred times profit from Tugo every year, which shows that there is specialization in the art industry. Fighting the Earth Dog is essentially a game of probability.
2. How to operate

Here we take the ETH chain as an example, because after long-term observation, although the gas cost of the ETH chain is high, the wealth effect is more obvious. Other heterogeneous chains such as Solana and Avalanche have relatively weak market sustainability.
2.1 Looking for local dogs:
First of all, market websites such as dexscreener, defined, dextool, ave.ai, etc. have constantly updated hot trading lists. Projects with large trading volumes and large increases are ranked high. Only with trading volume will there be a future.

Secondly, use robots to monitor on-chain behavior. Common bots include pepeboost, alpha radar bot, nerdbot, etc., which can push real-time transaction data trends. These bots have simple interfaces and will analyze comprehensive scores based on contract security, liquidity pools, number of smart money addresses, etc. Selecting among the high-scoring projects pushed by these bots will achieve twice the result with half the effort.

Finally, follow smart money addresses. The more smart money addresses buy local dogs, the higher the reliability. There are many smart money addresses that are professional bulldogs. They can make stable profits of US$100,000-300,000 per month, with an average profit ratio of 30-50%. Be careful to remove the project party's own rat warehouse addresses and addresses that accidentally win big prizes, and pay more attention to addresses where golden dogs can be purchased for a long time.

2.2 Buy a native dog:
First of all, position control is the most important. On average, there are 1,000 local dogs every day, and only 10 local dogs are worthy of short-term speculation. Bet the same amount on the game multiple times, just like you would in a casino. For example, purchase a fixed quota of 3-5 items per day, and each time should not exceed 5% of the total amount, etc. For local dogs with a large liquidity pool, the position can be slightly larger as appropriate.
Secondly, use market rules to improve the winning rate and profit-loss ratio of transactions.Bulldog is actually a game that loses money in most cases and makes money in a few cases. It is a bit similar to venture capital. For example, it is common for 8 out of 10 native dogs to lose money, and the remaining 2 native dogs need to recover the costs of 10 projects and make a profit. Cut off losses and let profits run. Some useful rules include:
The law of imitation disks: A successful project will attract a large number of imitation disks. Long, two, and three dragons will most likely make money, and then the subsequent imitation disks will start to run away. For example, after PEPE became popular, PEPE2.0 also surged hundreds of times. After Harry Potter Bitcoin became popular, Harry Potter XRP also surged hundreds of times.

Time pattern: In the long run, when the market is good, an average of one hundred-fold golden dog will appear every week; when the market is not going well, an average of one hundred-fold golden dog will appear in half a month, and it is especially easy to produce a golden dog at the beginning and middle of the month. In the short term, most golden dogs appear between 1-3 o'clock and 5-8 o'clock every day, with a small number appearing between 21 and 22 o'clock.
A handful of one or two Golden Dogs often contribute 90% of portfolio profits. A good Golden Dog is often a hot event or mentioned repeatedly by big shots. For example, GROK, Tesla’s artificial intelligence product, was mentioned on Twitter. Musk, the world’s richest man, mentioned it repeatedly and attracted a lot of traffic. There are also good golden dogs that fit the culture and provide emotional value. For example, BONK originated from satire on SBF and united the Solana community during the low period. Gold dogs that meet the above standards can be held for a long time. Common standards include: the number of currency holding addresses on the chain exceeds 8,000, the daily dex transaction volume exceeds 8 million US dollars, the number of Twitter views exceeds 8,000, and the number of people in the Telegram group exceeds 10,000, etc.

2.3 Selling local dogs:
80% of Earth Dogs return to zero on the same day, and 99% return to zero in the long term. The reason why smart money addresses have a high winning rate is not because they only buy profitable bullies, but because they run fast. The Tudog market operates at 10 times speed, doubling and returning to zero in just a few minutes. Some common selling criteria include: the K-line trend is obviously deteriorating, the 24-hour turnover rate is reduced, the growth of the number of held addresses is slowing down or even declining, etc. Unless the market is hot for local dogs without actual projects, it is not recommended to hold them overnight.
3. Risk warning

3.1 Gas fee:
The earth-moving dog strategy is suitable for shock markets, but is less suitable for bull markets and bear markets. It is difficult to avoid gas fees. Taking the ETH chain as an example, a current transaction is tens of dollars per transaction, but the actual amount of gold may only be 100-200 US dollars, which greatly reduces the profit-loss ratio.If there is a bull market, one ETH chain transaction will cost hundreds of dollars, and it will not be feasible to go against the earth dog.

3.2 Wallet security:
Hackers are rampant on the chain. It is recommended that Chongtugou funds be isolated from the main funds and the wallet address should be changed regularly.
3.3 Profit withdrawal:
Use the end to make wealth, use the foundation to keep it. Money comes quickly and goes away faster. It is recommended to withdraw part of the profits regularly and reserve them as capital for future comebacks.
Bruce Lee said, I am not afraid of people who learn 10,000 kicks, but I am afraid of people who practice one kick 10,000 times. Finally, I wish you all to make huge profits a million times over!

(Dry stuff) Are you afraid that you won’t be able to make money if you have this knowledge?

The essence of making money in the currency circle
To make money in the currency circle, just a few points:
Poor cognition: If you have a high cognition dimension, you can make money. For example, during the lunch round, I did doge because he was better at drawing lines than the teacher? No. Because he has a high cognitive dimension and his understanding of investment is several levels higher than most people, it can be seen that his prediction of DOGE a few months ago is the main driving force for the rise of DOGE in this round. Or Tony Fat Man, whose understanding of trading is several levels higher than others, can make a lot of money through trading.
Information gap: This is mainly reflected in the high-odds gameplay that appears in the early stages of some new narratives, such as digging and selling, hair removal, and white picking. If you intervene earlier than others, you can earn good profits. As for how to have poor information, it is quite long, so I won’t go into details here. I told some brothers in a small group. In the past, Weibo also covered it here and there, and anyone who is interested can find it.
Poor execution: either hard work or skill. When there is no difference in cognition or information, what widens the income gap between ordinary people is poor execution. If you work hard or have skills, you can make money. For example, masturbate hard by yourself, masturbate in batches, make tools, etc. Teacher Wang, Director, He Bi, and several NFT players who sell tools/play with tools are all typical examples.
These three are the foundation, and the three can also build building blocks with each other, such as poor cognition combined with poor execution, poor information combined with poor execution, etc.; for example, Vida in the equation makes money by relying on poor cognition + poor information + poor execution. This model also determines His trading behavior has high returns, low risks, and strong sustainability. This is also the most stable money-making model that I have seen in the cryptocurrency industry for several years.
If you don't have any of the three, just imagine that you can make money by following a single order or drawing dozens of lines to make the K-line drawing look like a watercolor painting. Go out and deliver the food as soon as possible.
How to improve your investment winning rate + error tolerance rate
How to improve your investment winning rate && error tolerance rate?
1. Lower expectations:
If you fantasize about getting rich quickly and do it 100 times in a year, it is actually a very difficult thing to achieve. Luck and ability are both indispensable. There are many people with desire, but too few people with ability. Most people who want to get rich will eventually choose a stud to gamble on luck: when they encounter a small project, stud;A teacher called out the order, Stud. Your system is most likely fragile, and your account will shrink from game to game.
I believe that if you go slower, you can reach the end point. At least you will be more rational when making decisions. If you are rational in the market, you can already ensure that you will not be cut too hard.
2. Odds calculation + position management, both are indispensable:
No matter how high you think the odds of a certain investment are, you still have the risk of being unlucky and causing your principal to suffer a large retracement or even bankruptcy. You can completely simulate this process with code and calculate a certain profit-loss ratio under a certain profit-loss ratio. The best investment position given the winning rate. Even if your winning rate is as high as 90%, the odds are 1:1
(Generally speaking, with such a high winning rate, the profit-loss ratio is much lower than most people imagine). As long as stud is played, there is still a high possibility of substantial losses.
Position management is the core of your survival. It will be much better to invest on the basis of position management.
a. If you are looking for projects, the odds of many projects are easy to calculate and quite high. You can invest up to 5% of the principal in each project. Stop loss/exit when the fundamentals change. This will allow you to lose money dozens of times in a row; if you still don't make money dozens of times, then work hard and don't force yourself to do things you are not good at. A single loss will not have any impact on you. One gain is enough for you to lose 10 times. Rely on mathematics rather than luck, and the principal will always rise slowly.
b. If you do transactions, avoid betting on long and short, and choose a method with high odds, you can still outperform most people. Part of the position is in cash, and it is left to be copied after a big drop.
At the end of the year, judging from historical data, there will be a considerable and rapid plunge in the currency circle basically every half a year. After a 20% drop, you will place orders all the way, and you can always make good profits after buying them; some positions will be opened for arbitrage, and if there is no market, you will lose money. Drink some soup and eat meat when the market is good.
In this way, you can liberate your investment behavior from prediction, and switch from predicting the market to following the market. Although the probability of return is not as high as that of dog bettors, the security and stability of your investment will be much higher. You can live longer and better than 95% of dog bettors.
Of course, this also has internal barriers, a. It is relatively hard and requires execution. 2. Desires need to be restrained. Most people who are accustomed to the sweetness of stud cannot do it.
3. Off-site cash flow:
Buffett's insurance float is his cash flow, which is also Buffett's moat for investment. With the supplement of off-site cash flow, your investment mentality will be calmer, it will be easier to make rational decisions, you will be more willing to gamble when faced with opportunities with high odds, and your investment error tolerance will be doubled.
Therefore, don’t be addicted to long and short bets. Improving your abilities is the top priority. Love flies to those who are not short of love, and money will flow to those who are not short of money. Don't rush to get money.
Of course, most people won’t listen to all this. These lazy dogs will still harbor fantasies. They imagine that they can get rich by finding someone who calls out orders every day and let them tap their fingers. Or they imagine that they can become successful if they learn some technical analysis. The god who controls the market and makes money from it.

8 cryptocurrencies that could explode 100 times! The ultimate list of the 2024 cryptocurrency bull market!

This article will outline my top altcoins heading into 2024 and will provide a full in-depth analysis of each coin listed.
Bittensor(TAO)
Bullish Catalysts: Decentralized AI, growing subnetworks, AI adoption/growth
Risks/Puts: High operating expenses, tough competition
This is a fascinating project that is already seeing huge gains in 2023. I think it's probably one of the most important investments in artificial intelligence.
Arbitrum (ARB)
Bullish Catalysts: Leading Layer 2, Adoption Surge (Total Locked Value), Arbitrum STIP
Risk/Put: ZK/OP Competition, Future Unlocks/Circulating Supply
ARB remains my favorite Layer 2 investment and I think it will continue to do well in a bull market.
Frax(FXS)
Bullish Catalysts: RWA/LST Growth, Decentralized Finance Ecosystem (Holy Trinity), Fraxchain (Layer 2)
Risks/Puts: Regulation (stablecoins), reliance on USDC
Feeling bullish on FXS, they seem to have a long-term view and are creating an ecosystem of cool products.
GMX (GMX)
Bullish Catalysts: Revenue Generation, Perpetual DEX Growth, Real Yields
Risks/Puts: Fierce Competition, GLP Risks
GMX hasn’t performed as well in 2023 as some of the other coins on this list. In the process of catching up, it could be a sleeping giant with huge upside potential.
Kujira（KUJI）
Bullish catalysts: Sonar wallet, strong tokenomics, upcoming perpetual contracts and margin trading
Risk/Put: There has been a big upside, revenue generation
Kujira is up 500% this year and is one of my favorite projects. A true phoenix rising from the ashes.
Pendle(PENDLE)
Bullish Catalysts: Innovative Yield Tokenization, LSDFi, Strong Adoption
Risk/Put: Regulation, low-cap projects
Pendle is a great project with a very unique product. Strong market adaptability.
Radiant(RDNT)
Bullish Catalysts: Listing on Ethereum, STIP Grant - ARB Leads New dLP Locker, LayerZero Narrative
Risks/Puts: Token Unlocks, Competitors (Lending)
There is a lot of potential in the full-chain lending space, and Radiant has a real advantage.

Analysis: A 42-year-old cryptocurrency tycoon committed suicide after using 100 times leverage and a loss of 120 million. What do you think?

I can explain all my opinions in one sentence: A wise man will make a mistake after thinking a lot.
It is impossible for a person to have a perfect plan and do everything right.
These people were very lucky in the past. After making so much money, they thought they had mastered the secrets of heaven. They thought they were the chosen ones and could predict events like gods.
But the fact is that if God wants to destroy it, it must first make it crazy.
You can check the information to see how many people have made a lot of money through futures. It will be a loss later.
There are too many such cases.
I think there are two types of people who commit suicide. One is people who are desperate for the world. There is nothing to say. It must be his own problem.
There is also a person who is desperate for himself. These people are confident first, and then expand their confidence as they accumulate achievements. Then he thinks he is God.
Then the people next to them treat them like gods. This makes them more confident. Eventually, a small black swan world breaks out in the market and can blow them away. Their self-confidence is fragile and can be destroyed instantly.
After a person's self-confidence is destroyed and his wealth is deprived, he feels desperate. He discovers that it was not the world that deceived him, but he himself deceived himself. He realized it but couldn't accept his failure and couldn't face himself, so he chose to commit suicide. It is such a state of mind.
It’s not the currency circle’s fault that he added such a large amount of leverage, it’s his own fault. What if he wins this one? Then I believe the funds will become 240 million. Then he will use the 240 million to continue playing the next game. Keep playing. Until you lose.
Some people come in just to gamble. They know that they are gambling, and if they make 100 million, they may just take 5 million to play, and if they lose, they will not come.
There are also some people who are really obsessed with gambling because making money is so exciting. If there is anything easier to make money doing this, they will not care about anything else. If you treat gambling as your career, the results will certainly not be good.
When playing with leverage in the currency circle, I can say that making money is the process, and liquidation is the ending.
The contract is not afraid of you making money, it is afraid that you will stop playing. I'm afraid you'll suddenly wake up and stop playing.
But I feel that there are too few people who have woken up, and there is no way gamblers can stop.
Many of them don't know that they are gambling and think that they are speculative traders and are doing very high-level things. Turn on the computer, stare at the K-line, point your finger at the country, and wealth will roll in. Live in a villa, drive a sports car, and have beautiful women.
Little did he know that it was just a dream. The chips for failure have been secretly marked.
In the end, all I can do is beg to die. Suicide is the final outcome

#fomc