I was reborn at the moment of liquidation. The cold air still lingers in my nostrils as the screen shows BTC's death spiral tearing through the last defense. The broker's alerts keep popping up: 'Mr. Lin, please top up your margin immediately.' In my past life, they called me the 'Golden Boy of Wall Street', until I was hunted down by Binance anonymous account 【V】 during the epic crash at 312. But now, I'm staring at the candlestick chart as a translucent countdown suddenly appears in the bottom right corner—that was the illusion I saw before I died in my past life. 「Liquidation Remaining: 00:03:17」 My fingers went wild. I'm going long with full leverage at 10x, betting the entire stack. The broker calls me from overseas: 'Are you crazy?! The market consensus is a crash to 3800!'
Volume Two Hundred Eighty-Two: The “Computing Power Crisis” of Miners
After the Bitcoin halving, miners’ days have become harder and harder. One miner said, “Before, electricity was 1 yuan per kWh, and I could still earn every day. Now the electricity price is 1.5, and Bitcoin hasn’t gone up; I lose money every day.” I said, “Then just shut it down.” He said, “Shut it down and I lose the cost of the equipment.” I said, “Don’t shut it down and you’ll lose the electricity bill.” He asked, “So… do you shut it down or not?” I said, “Shut it down—shut it down early and be free sooner.” Chapter 1402: The “Great Retreat” of Computing Power Data shows that by the end of 2025, Bitcoin’s computing power experienced its most drastic monthly contraction since the beginning of 2024. Over the past 30 days, the simple moving average of computing power plunged from about 1.1 ZH/s to just above 1 ZH/s. Xiao Wang said, “If computing power is falling, does that mean Bitcoin will go up?” I said, “Not necessarily. Computing power drops because miners shut down at a loss—it's not a good sign.”
Volume Two Hundred Eighty-One: Bitcoin’s “roller coaster” in three months
Chapter 1396: The “heartbeat” from 95,000 down to 88,000 Over the past week, Bitcoin’s price has swung violently. It once broke above $95,000, then quickly dropped back below $88,000. Xiao Zhang chased after it when it hit $95,000 and bought high—now he’s stuck in a loss. He said, “This isn’t logical. Bitcoin obviously went up.” I said, “It did go up, but you bought higher again.” He asked, “So what do we do now?” I said, “Wait.” He said, “Wait until when?” I said, “Wait for the next wave.” Chapter 1397: A bottom you can’t catch enough of Bitcoin slid from $870,000 to $810,000; Ethereum, even more so, fell from $2,100 to $1,800. Xiaoyang said, “I tried to catch the bottom five times—each time I bought midway up the mountain.” I said, “Then don’t try to catch the bottom.” He said, “If I don’t, I’ll miss out.” I said, “But if I do, I’ll get trapped.” He said, “So—do we catch the bottom or not?” I said, “Whether you do or not, the money is yours.”
Volume 280: The 'Watermark' Controversy of AI Generated Content
Chapter 1391: The 'AI Beauty Filter' Fail on Social Media My colleague Xiao Yang posted a selfie with the caption: "Today's makeup, natural." Turns out, a coworker spotted a small line in the bottom right corner—"This content was generated by AI." Xiao Yang awkwardly said, "I just edited the picture." I replied, "Editing a pic doesn't count as AI generation; swapping out your face does." Xiao Yang asked, "Can I just swap back to my own face then?" I said, "Sure, but the watermark is still there." Xiao Yang said, "Then I won’t post it." With that, they deleted the post from their social media. Chapter 1392: The 'AI Weekly Report' in the company group