了不起的琦琦

A few truths about cryptocurrency trading

People pay for their cognition throughout their lives. People who can see through the essence of things in half a second and those who cannot see through the essence of things in their entire lives are destined to have completely different fates.

A few truths about cryptocurrency trading, please pay attention to it:

1. Stay away from contracts. Making money is a process, and losing money is the end.

2. There is no currency that keeps rising. They all move forward in a turbulent manner.

3. Invest with spare money, so that your mentality will not collapse when you encounter extreme market conditions or increased volatility.

4. Investment is actually an expectation of investment. The greater the expectation, the greater the disappointment sometimes. It is very important to manage your expectations and keep a calm mind.

Don't compare others' returns horizontally. Everyone's experience, cognitive investment, risks, investment strategies, etc. are different. It is enough to compare with your previous self vertically. It is good to make a little progress every day.

5. Don't try to seize all opportunities. We must admit that we can't seize all opportunities. Just seize a few opportunities. Because everyone's time and energy are limited.

6. Don't be too sensitive to short-term profits and don't lack imagination for long-term returns.

Of course, you must be able to "both accurately judge the market situation and patiently stick to it. There are not many such people."

Remember that only big market conditions can bring you high profits.

7. Everyone thinks that they make money in a bull market, but the fact is that most people still lose money. The 80/20 rule is applicable to any industry at any time.

8. Investment is a very rational and rigorous thing. It does not allow for any carelessness. There is never such a thing as "a blind cat colliding with a dead mouse".

9. Today's advantages will be replaced by tomorrow's trends. The general trend of the world cannot be changed by human power. It is very necessary to follow the trend.

10. Improving cognition is the most important way for you to make money in this industry. You must "immerse" yourself in this industry and invest a lot of time and energy to fully research and judge this industry.

📝Sharing principle: with a simple desire to share and the idea of ​​common progress.
❤️Thank you for your attention and friends who are about to follow me and friends who have browsed

#BTC突破7万大关 #Btcoin

[Keep in mind the following safety points when creating a wallet]

1. Assets are controlled by private keys and mnemonic words. Once leaked, assets can be controlled by others! Do not disclose the private key or mnemonic phrase to anyone, including us!

2. Please copy the mnemonic correctly and keep it in a safe place. Do not transmit or store it online!

3. The wallet password is only used to encrypt and decrypt the private key and mnemonic phrase. The wallet password is only stored on the mobile phone. If you forget the password, you cannot retrieve it!

4. Please do not take screenshots and backups of private keys and mnemonic phrases to avoid being intercepted by malware.

[Backup mnemonic phrase]

Please remember the following safety points!

1. If I lose my mnemonic phrase, my assets will be lost permanently!

2. If I share my mnemonic phrase with anyone, my assets may be stolen!

3. The responsibility for protecting the safety of mnemonic phrases lies with me!

#钱包安全 $BTC $SOL

[Let’s talk about the altcoins I cut, how are they doing now]

(1) ARB
I cut it at 1.2: now it’s 0.6, my cost is 1.4, loss is 16.67%

(2) OP

I cut it at 2.2, now it’s 1.68, my cost is 2, loss is 10%

My operating philosophy is: only by constantly practicing letting go in normal times can we calmly face loss at critical moments.

My reflection is: I must admit that the painful failure of product selection is a bloody lesson. Timely cutting does not mean failure, but looking back, it is a stop loss, which controls the loss within a certain range.

⚠️This is just my personal operating strategy and review, and there is no financial advice.

$OP $ARB

⚠️⚠️Recently, wallet asset theft incidents have occurred frequently. Protect your crypto assets! !

I. About wallet security tips

1. About mnemonics

(1) Please make sure to properly back up your wallet mnemonics and address private keys! Do not take screenshots to save mnemonics! ! It is recommended that you write down your mnemonics and keep them in a safe place

(2) At the same time, do not disclose your mnemonics to others

2. Download the wallet software from the official website. Do not click to download unofficial or private links to prevent the software from carrying Trojan viruses;

3. Do not click on airdrop coins randomly. As long as the coins that are not purchased by you appear in your wallet, they are called airdrop coins. To avoid clicking on airdrop coins randomly, directly delete the airdrop coins from the "Assets" interface on the homepage;

4. Please use the text version of the payment address for asset transfers, and do not use QR code transfers.

II. About links

1. Do not authorize unfamiliar third-party project software to log in to your wallet.

2. Do not click on links of unknown origin! To be more exaggerated, don't click on any link

3. Don't authorize at will. If you confirm that the link is safe and cannot be operated without authorization, remember to turn it off after authorization

3. How to store assets more safely?

1. You can prepare a separate mobile phone to store the wallet, disconnect from the Internet, and open it when you need it

2. One wallet for each asset

Store assets in different places, don't put all your eggs in one basket.

3. Diversify management and diversify risks

Put some assets in a safe exchange, and some assets in a wallet
Store most assets in a cold wallet (offline storage), and only leave a small amount of funds in a hot wallet (online storage) to reduce the risk of being attacked by hackers.

4. Warm reminder
Recently, telecommunications fraud has occurred frequently. Please do not disclose your account information to a third party

Do not click on unofficial links received in text messages to log in to your account at will

Do not participate in unofficial airdrop collection activities. The platform will not contact you in any capacity to ask you to transfer or withdraw money.

Please do not believe in any high-return and high-yield investment

Do not participate in illegal activities such as brushing orders

If you have any questions, please contact the online customer service for consultation.

[Investment logic of memecoin? What is the future trend?]

4. What is the investment logic?

(1) Strong community cohesion and cultural belonging

(2) Scale effect and wealth effect caused by fair mechanism

(3) Unique narrative, highly recognizable image, highly spreadable, a kind of influence with cultural attributes, which will generate huge value and easily go viral, thus driving up prices

For example:
Dogecoin is a Japanese Shiba Inu that has hundreds of millions of fans around the world

The image of PEPE comes from the frog in the comic "Boys Club". Its emoticons are very popular on the Internet and highly recognizable.

5. What is the future trend?

(1) The total market value will continue to expand in the future

Currently, Doge is worth 18.2 billion US dollars, Shib is worth 11.7 billion US dollars, Floki is worth 1.8 billion US dollars, Pepe is worth 5.2 billion US dollars, and other meme coins have a total market value of less than 100 billion US dollars.
It is expected that in the next 2-3 years, the proportion of this sector in the entire cryptocurrency market will increase to more than 10%. There will be unicorns with a single currency market value of more than 100 billion US dollars, and there will be more than 5-10 meme projects with a market value of more than 10 billion US dollars.
(2) Let a hundred flowers bloom and a hundred schools of thought contend. With the continuous upgrading and iteration of blockchain technology and ecology, trading methods are becoming more and more convenient and diverse.
meme1.0 era: DOGE is forked from the Bitcoin code and is derived from the Bitcoin main network technology. It is mainly traded on EX.
meme2.0 era: Ethereum smart contracts such as Shib issue tokens to enter the secondary circulation market.
meme3.0 era: BOME, Slerf, etc. are generated on Solana, mainly on-chain DEX transactions. After achieving AMM liquidity, they will enter EX transactions.
6. What are the risks?
(1) Due to the anonymity, there are many scammers, and it is easy to encounter running away and zeroing, price cliff collapse, etc., causing investors to suffer serious losses.
(2) The price volatility is huge, "sometimes heaven, sometimes hell", which can easily cause investors to suffer huge losses;
(3) It is very dependent on market sentiment and has serious speculative behavior;
(4) It is easy to be manipulated behind the scenes, and malicious manipulation can be used to profit by taking advantage of investor sentiment
(5) After one round, 99% will be abandoned, and the next round will be a new favorite.
After understanding the above, I believe you will make rational investment decisions in your own meme sector.

【Understanding the past and present of MEME, there is hope for wealth breakthrough】

It is well known that the meme sector has become the cradle of wealth creation myths. So how should we view it? Full acceptance? Total denial? Half-belief and half-doubt?

First of all, don't let prejudice blind your thinking. The emergence of things must have its soil and rationality.

Secondly, don't blindly follow it. It is very unwise to know it but not why it is. So let's understand the origin, future, and risks of meme. As follows:

1. The past of MEME
Originally from the Greek mimemna, which means "something imitated". In 1976, biologist Richard Dawkins first mentioned it in his book "The Selfish Gene" and simplified it into a word "meme" that is similar to the rhythm of genes.

He believes that just like genes in biology, culture also has a basic unit that carries the information of cultural communication.
Richard Dawkins compared the process of cultural inheritance to the evolutionary rules in biology and applied "evolution theory" to the research perspective of "cultural change", formally defining meme as: a small cultural unit similar to genes that is constantly copied and imitated between people and spread.
Chinese scholars He Ziran and He Xuelin translated memes into "memes" in 2003. "MEME" memes are also translated as memes.

1. What is MEMECOIN meme coin?
Meme coins are a subset of cryptocurrency, and their value and appeal are derived from online memes, popular culture references or humorous images.
2. What are its characteristics?

It thrives on the characteristics of viral transmission and strong community support, Internet culture and the power of social media.
Memes can spread quickly and cause heated discussions on platforms such as Twitter, Reddit and TikTok, Telegram groups, and WeChat groups.
Their appeal lies in their ability to evoke humor, nostalgia or a sense of belonging to online communities.

3. What is the MEMECOIN value consensus?
MEMECOIN is a new consensus mechanism: FAIR PLAY, which is specifically manifested as (1) transparent token distribution and (2) full circulation.
These two points are very important because in theory they represent the ultimate goal pursued by all mankind, fairness and justice!
I can't believe it!The ultimate goal pursued by mankind in various fields has been achieved by MEMECOIN!

$BTC

【MEME section】It is possible to become the collection of the kings of this wave! !
Dabing Ecology Inscription Protocol SATS, ORDI;
Dabing Ecology Rune Protocol DOG;
Yitai Ecology PEPE, AIDOGE;
SOL Ecology WIF, BOME, BONK;
Musk-related DOGE, FLOKI;
Other memes: PEOPLE, MEME, TURBO, etc.
The last round of kings SHIB and DOGE
Who will be this round?

#美联储何时降息？ #美国大选如何影响加密产业？ #meme板块关注热点

All macro policies are positive

Ethereum ETF is about to be launched,
Expectations for interest rate cuts in September are increasing,
US election in October,
The European Cup is over, funds are flowing back

Which coin are you going to buy at the bottom?

#美国大选如何影响加密产业？ #币安7周年 #美联储何时降息？

$BTC $ETH $SOL

This wave is still dominated by memecoin

The strongest meme coin in eth ecosystem: pepe
The strongest meme coin in sol ecosystem: wif
The strongest meme coin in btc ecosystem: dog

$BTC $ETH $BNB #美国大选如何影响加密产业？ #美国6月CPI大幅降温 #币安7周年

[Are you numb today? The market keeps falling, and the copycat massacre will happen on July 5]

When I first entered the crypto circle, I thought it was technology
When I studied technology, I found out it was actually finance
When I studied finance, I found out it was actually economics
When I studied economics, I found out it was actually politics
When I studied politics, I found out it was actually history
When I studied history, I found out it was actually philosophy
When I studied philosophy, I found out it was actually human nature
When I studied human nature, I found out it was actually desire
When I studied desire, I found out it was actually demand
When I studied demand, I found out it was actually human heart

Finally, after studying human heart
You will find that everything is actually studying yourself

So in this ever-changing market
You can only keep improving
and changing yourself

$BTC $ETH $BNB

[There will be a big rise after a big drop. It really deceived too many people]

1. It is very important to understand the usage scenario of this sentence‼ ️

First of all, this statement: There will be a big rise after a big drop is limited to a few mainstream coins. If the scope is narrowed, it is actually limited to Bitcoin.

If you hold a full position in a cottage and unfortunately bought at a relatively high point or bought the bottom halfway up the mountain, this sentence is not suitable. The difficulty coefficient of other cottages is very high

2. Most cottages have fallen by as much as 80-90%. In fact, what is the difference between it and zero?

⚠️Note: You must understand that this decline is not a rise of 80-90% to recover the cost. It will take several times or even 10 times to recover the cost.

For example:

(1) 10w becomes 1w. If you want 1w to turn back to 10w, it has to increase 10 times, that is, it has to increase 1000% to get back the investment

(2) 10w becomes 2w. If 2w wants to turn back to 10w, it has to increase 5 times, that is, it has to increase 500% to get back the investment

All the copycats with a drop of 80-90% can be considered as zero, because the road to recovery is far away, and not all copycats can rebound

3. The decline of big cakes vs. copycats

Big cake drops 5%, copycats drop 20-30%;

Big cake drops 30%, many copycats will go to the 18th level of hell (drop 90-100%)

It is so tragic, the truth is so tragic

4. Of course, there are remedies.

If you have a lot of money and can buy at the bottom and lower the cost, it is OK, but you must pay attention to choosing the currency to buy at the bottom, and make sure to choose it well. Don't choose blindly.

5. Investment is part of life, don't all in, invest with spare money that can bear risks, and don't bet everything. The world is full of uncontrollable things. Being relatively conservative is not being brave, but being sober after seeing the truth.

$BTC $ETH $BNB

【Shanzhai VS mainstream loss degree】

1. After a lot of research in the past few days, the small-scale conclusion I have drawn temporarily is

90% of people are fully invested in Shanzhai, and the loss range is 50-80%

10% of people have bought mainstream, such as BTC and ETH, and the loss range is 20-30%

Which situation are you in?

2. Shanzhai is bleeding like a river and falling continuously. It is extremely difficult to make money this year.

If you don’t give up the pattern and use the strategy of capital preservation, it is difficult to make money. Not losing money is an excellent record.

The second is that most of the positions are in the mainstream. The loss is small and the rebound is also fast. The worst result is that the mainstream will not return to zero no matter what.

Shanzhai is different. A large part of Shanzhai will die in each round, and the next round will be full of new favorites.

Don't blame yourself for not being able to choose a copycat. This project owner or VC has no intention to make retail investors make money. There are a bunch of currencies that are waiting to be unlocked and are at their peak. There will be so much selling pressure in the future. How can retail investors play? The rules have changed, the difficulty has increased, and the strategy must also be adjusted.

In the past, we danced with the dealer to make the cake bigger and have a meal; now we stay away from VC, and saving our lives is the most important thing.

Therefore, it is difficult for each round of Shanzhai. A sharp rise is rare, and a general rise is even more unrealistic. There are more cases of sector rotation. It is very challenging to plan and sell in time to lock in profits. Otherwise, it will be a roller coaster.

3. The strategy that everyone may not like is the best strategy in a rapidly volatile market.

For example:

(1) 70% should be stored in the mainstream (mainly BTC and other mainstreams). Although the multiples may be low, investment is about who can survive longer, not who can make money quickly; and the overall situation of the market depends on the face of the big cake.

(2) Capital preservation plan, you must first protect your capital, and then use the profit to structure.

4. It is still the same old saying. Most of the positions should be bought in the mainstream, the big black swan or in extreme cases to resist the decline. Compared with those who are full of Shanzhai, less loss or no loss is profit.

And you may not see your comrades who are full of Shanzhai in the next round; while you are still holding the mainstream at the table. If you don’t leave the table, you will have a chance.

⚠️Flowing water does not compete for the first place, but for the continuous flow; grass does not compete for height, but for the endless growth.

5. Reflection:

Distinguish between wishes and facts
Let pain become the driving force for progress

Reflection + pain = progress

☕️Do better next time.

$BTC $ETH $SOL

【Why do emotions play a decisive role in the investment field? 】

Emotions are similar to the operating system of our mobile phones

Methodological decision-making mechanisms are like apps attached to iOS or Android systems

If emotions are out of control or emotional disorders occur, no matter how easy the app is to use or how comprehensive its functions are, it will not work properly and its functions will fail.

It is precisely the investment field that is most affected by the cross-influence of market emotions and investors' personal emotions, which interact with each other and are sometimes good and sometimes bad.

Mr. Market sometimes plays a very cynical and prankster, and sometimes he looks serious and prosperous. In short, it changes in millions of ways. It is the most confusing.

Don't just rely on the "invisible hand" and try to improve our ability to control emotions.

Conclusion: Seeking externally is too limited and confusing; seeking internally is the ultimate optimal solution.

So emotions are very important‼ ️ Control emotions and don't let them get out of control. Complete control is not realistic or reasonable, but keeping them within a reasonable range of fluctuations is very necessary and can be trained and improved.

For example
Meditation🧘
Exercise💪
Reading📖
Communicating with friends🧑‍🤝‍🧑
Traveling🧳
And so on

Everyone's method is different for each person, just find the one that suits you.

Love, feel, live, get hurt, and consciously resolve and digest emotions in daily life and work, accept emotions and face them but not be swayed by them.

Only by consciously exercising this ability can you accept everything calmly when facing black swans or uncontrollable situations.

After all, the world has been changing rapidly, and the only thing that remains unchanged is change.

$SOL #以太坊ETF批准预期 $BTC $ETH

[All common sense was disclosed, but you chose the unconventional path]

Actually, I am tired of saying the following words. I also know that it is useless to most people. The subtext of the people who see it is probably: "Don't mind my business. I will be reborn after hitting the wall. The main point is to be rebellious.

After all, we all understand the truth. What makes people grow is never the truth but the wall.

But I feel bad if I don't say it. Because this common sense is really important and can save lives at critical moments.

(1) I said that the band should be sold high and bought low, don't be too big; some people said that I don't have a big picture and I don't know what the big picture is now.

(2) I said that some people said to do it in batches, some people said that it is meaningless and I don't know if I am financially free.

(3) I said that the capital preservation plan should increase the number of chips without cost; some people said that it is too conservative and you should not come to this circle because it is not suitable for you.

(4) I said that you should be flexible in copying and don't hold on to it. It is easy to go on a roller coaster ride; some people said that you can't make a lot of money with this method. I don't know if those who hold on to it have made a lot of money.

(5) I am still willing to sort out and summarize the lessons of history and post articles in the square. After all, we can learn from history. Some people said: What you posted is meaningless and a waste of time; some people said: Just to trick you into cutting your losses

❗️I deeply understand and know that being misunderstood is the fate of the expresser.

I am willing to write publicly, simply share and make some progress together, for reference only.

If it is useful to you, I am happy; if it is useless to you, swipe away and find information that is useful to you.

I accept comments with reference and different opinions, but I do not accept malicious interpretations, out-of-context quotations, and impolite abuse.

❗️ I also deeply know that everyone has different values ​​and ways of looking at the world, which is why it is diverse and interesting. I am willing to communicate frankly and friendly with friends with different opinions.

But facing malicious misinterpretations and out-of-context quotations is not worth "text" .

‼ ️So it is recommended:

If you are someone who does not have the ability to read every word or only quotes out of context, don't read or follow me. See you again if we are lucky, take care of each other.

Oh, I almost forgot that most people don't read the instructions when they buy things. If they can do it by themselves, they think they are smart, and if they can't do it, they blame the product. How can they reflect on themselves, and how can they read most of the texts word for word?

$BTC $ETH $BNB

[This is not alarmist: there is no lowest, only lower, and what is more terrifying is that there is zero]

1. Let's review the history and the disaster days of the "big earthquake" we are experiencing recently:

94 in 2017
312 in 2020
519 in 2021
511 in 2022
315 in 2023
412 in 2024
612 in 2024

Go and see how the cottages that were chosen at that time are doing now?

Only a few rebounded, and most of them have been hovering at a lower level. Some have already returned to zero. Learning from history can help us understand the rise and fall.

⚠️Writing these is not to create panic, nor to persuade everyone to cut losses.

⚠️It is to state objective facts so that investors can have a deeper understanding of the cruelty and changes of the market, so be cautious and cautious in choosing currencies, and pay attention to all commonplaces!

For example
(1) The essence of investment is to buy low and sell high: If you are lucky enough to buy at a low point, first protect your capital, and then pursue greater imagination space for other profits. Be able to attack when advancing and defend when retreating.
(2) Always respect the market and never go all in: The market is difficult to predict and it is difficult to go all in at any time. Do not go all in or all in at any time. If you encounter someone who advises you to go all in or go all in, you may be a blindly arrogant gambler.
2. Reflection is necessary
Are you full of copycats and ignore the mainstream?
Do you ignore the advice of old investors?
Do you rush into the market with hope, trying to make 10 times or 100 times the profit?
Do you think you are the chosen one and you will definitely get rich quickly?
Do you turn a blind eye to common sense and believe in the myth of getting rich quickly?
Do you laugh at the low level of the capital protection plan and love all in extremely?
Are you too optimistic about the market and blindly like to listen to the good or beneficial parts?
Do you only selectively look at the 1% success cases and habitually ignore the 99% failure cases?
It stems from fear of things that have never been experienced or lack of respect for the market.

Personal bias and emotional barriers are the most fatal. It is understandable but must be overcome.

For example
(1) Misinterpreting the entire text or taking it out of context
(2) Whether you can stop profit and stop loss in the face of excess returns or sunk costs
(3) Whether you can have different response plans at different stages in the face of uncontrollable and volatile markets
(4) Whether you can overcome your emotions and rationally review your mistakes

Reflection + pain = progress.

[Let me talk about the current situation of the altcoins that I cut]

(1) sats (operated in early June)
The sats I cut at 0.00033 is now 0.00017, my cost is 0.00055, and the loss is 40%

(2) rdnt (operated at the end of May)
The rdnt I cut at 0.21 is now 0.11, my cost is 0.44, and the loss is 50%

My operating philosophy is: Only by constantly practicing letting go in normal times can we calmly face loss at critical moments.

My reflection is: I must admit that the painful failure of product selection is a bloody lesson. Timely cutting does not mean failure. Looking back, it is a stop loss, which controls the loss within a certain range.

⚠️This is just my personal operating strategy and review, and there is no financial advice.

$BTC $ETH $SOL

[Don't mind my business, I will be reborn after hitting the wall]

A rebellious person in the cryptocurrency circle

Is it you?

Is it you?

$BTC $BNB $SOL

[Don't sell strong coins to buy weak coins]

1. Many people think that they should sell the profitable ones to buy the losing ones to make up for or lower the cost. Don't do that. You will be killed. This operation is likely to be the beginning of losing money or directly miss a bull market. The weak ones are really powerless, and the strong ones will rise all of a sudden when they encounter opportunities.

Most of the copycats can't go back. Copycats are short-term stage consensus. After one or two waves of hype, they become old loves, and the next round is all new loves. As for the mainstream, the problem is not too big.

It's like a family: there is a strong brother and a weak brother. Parents always hope that the strong one will lead the weak one, but who knows that the weak one can't help up at all, and the parents blame the strong one for not caring and ignoring the deep brotherly love.

Parents expect balance, but the market always recognizes the strong. Then parents spend the most time and effort on the weak, and finally worry the most, but end up being the most sad (the sunk cost is too high, it is difficult to let go). Therefore, as a trader, you should stop loss when it is time to stop loss. Don't let the sunk cost drag you into the bottomless abyss before you wake up, and then you will regret it. Only by staying at the table long enough and preserving your fighting power can you make a comeback.

The market follows the survival of the fittest; the family follows the doctrine of the mean

The result of putting the family's governance plan in the market competition is that you don't know how you die (or the worst result is that the whole army is directly destroyed)

Investors must be clear about what battlefield they are in, and then take corresponding plans to survive in the fierce market.

2. Do you know why people are not strong enough? It's because they are not weak enough, they are not forced into a desperate situation, they are not painful enough, and they can't be enlightened and complete self-awakening.

So thank the suffering and thank the mistakes, these can make people complete self-awakening. These are the most precious wealth.

So don't be too pessimistic. Take this opportunity to review your operating system, decision-making model, risk management, etc. to see if there are serious bugs.

Learn from mistakes + reflect = progress. In the process, iterate and optimize your decision-making principles, risk control capabilities, position management capabilities, etc., continue to get feedback from the market, optimize and iterate again, and repeat this cycle. I believe that everyone's investment ability will definitely get better and better.

❤️Every like is an affirmation. Let love and money flow to you.

$BTC $ETH $BNB

[Contracts are not investments, they are gambling, cherish life and stay away from contracts]

Contracts make money in the process, and losing money is the end; if you know the end, why do you still play? ? ?

If you don’t believe it, let’s investigate some people who have played contracts and were once in the limelight. What are they doing now?

What is the difference between contracts and going to the casino?

Answer: There is no difference, the difference between "dying early and dying late"

This market itself is a market with huge fluctuations, and adding leverage, this is not a risk, this is directly seeking death

Cherish life, stay away from contracts.

#以太坊ETF批准预期 #meme板块关注热点 $BTC $BNB $SOL