Open your eyes and take a good look! In this currency circle, it is so thrilling! Holding U means you are afraid of thunder at any time, putting it in the exchange is afraid of encountering black swan events, putting it in the hot wallet is worried about the private key being stolen, and putting it in the cold wallet is also afraid of losing the private key. Buying coins will freeze the card, and selling coins will also freeze the card. Go to play DeFi, and the mine will run away as soon as you meet it. The annualized income of finding a safer mine is not enough to offset the impermanent loss. It is not easy to catch up with a good mine, but the next day it will be halved directly, and the mine will collapse directly. Crossing a chain can make the coin cross-border, and the transfer can also make the wrong chain. When studying a project, it was found that the code left a backdoor. Those high-yield mines are either ready to run away or can only last for 5 minutes before they are finished. Let's do physical mining. The mining machine arrived three months after I bought it, and I found that the bear market came as soon as the goods arrived. Find water and electricity and prepare to do a big job, but mining is banned.
Listen to those big Vs advocating faith to go all in, but the big Vs sold all their stocks as soon as they finished speaking. Today they talk about faith in Bitcoin, tomorrow they brag about how great Ethereum is, then DeFi, then Gamefi, NFT, and all the other ABCDEFG are coming. They can never keep up with the hot spots, and even eating shit can't keep up with the heat. Hoard coins, the spot price starts to fall as soon as you buy it. You said you wouldn't watch the market, but you stare at the 15-minute line every day. You can't stand it anymore, and the market will pull up as soon as you cut it. If you keep watching, it will keep pulling up. As soon as you open a contract, it will go up and down, and you will lose money if you are long or short, and it will go the other way after the loss. Don't think about not stopping the loss and holding on for a while? Once you hold on, you will encounter a black swan that occurs once in a decade, which can drop 60% in an hour, and then there will be a policy bull, which can pull up 40% in a day, and the position will be directly liquidated if you hold on.
What kind of quantitative backtest trend trading is this? The data is very beautiful, but once it is opened, it fluctuates for a full 8 months. Open leverage arbitrage, risk the risk of liquidation and make a little money by going back and forth, and if you are not careful, two years of work will be in vain. Don't open leverage arbitrage, the income is not as good as depositing in the bank!
So what are we doing in the cryptocurrency world? It is the people who run the top exchanges who make money by pumping money into transactions without thinking, it is the people who sell mining machines and computing power to open mining pools who make all the money for the next three years in advance, it is the hackers who launch projects who complete the wealth transfer, it is the big Vs who sell anxiety and tout beliefs who earn traffic, it is the capital who tell stories and paint a rosy picture of the future that pulls the K-line. Except for a few lucky ones, the rest are countless bankruptcies, irreparable lives, and a future that is hopelessly brainwashed and self-deceiving.
We are always prone to hold on to orders, or get stuck in long or short orders. Once we are stuck, many investors will post their loss charts on the market and ask what to do, and they are panicking. So, I suggest that everyone pay attention to me!