When the savings reach 300,000, is the IQ at its lowest?
300,000 'Foolishness Law'
The six steps to wealth freedom:
10,000, 100,000, 300,000, these are three small hurdles.
1,000,000, 3,000,000, 30,000,000, these are three big hurdles.
If you can do: 10,000 without changing your phone, 100,000 without changing your car, 300,000 without making reckless investments, 1,000,000 without lending money to others, 3,000,000 without doing anything foolish, and above 30,000,000 without flaunting wealth,
then you can master money, rather than money mastering you. When the savings reach 300,000, the IQ is at its lowest,
this stage is the easiest for impulsive spending and investing, buying houses, buying cars, opening stores, not listening to advice. In economics, this is called: 300,000 'Foolishness Law'
Lost 58 million dollars in 47 days The past and present of Brother Maji! Today, let's take a look back at the hip-hop godfather—Brother Maji (Huang Licheng), a legendary journey from top star to crypto zeroing guy! 🧨 Peak moment: account close to 60 million dollars Time goes back to September 18th, At that time, his account had a floating profit of 44 million dollars, total assets close to 60 million dollars, He is one of the most outstanding contract big shots on-chain. But from peak to zeroing— It took less than two months. Now the account balance only left 1718 dollars. 🎤 From trendsetter to hunting for opportunities
Young people, the crypto world is really worth exploring. Not for getting rich quickly, but to see it for yourself—take a look at this global experimental field that never sleeps for 24 hours. Understand contracts, but don’t get addicted; research deeply, but don’t become obsessed. This is the most expensive "knowledge payment platform" on Earth, As long as you dare to stay up late and think, you can learn the underlying logic that others will never touch in their lifetime.
I have monitored the Federal Reserve's interest rate decisions, calculated CPI, PPI, non-farm payrolls, the dollar index, and fund flows; I have studied on-chain data, whale wallets, funding rates, Gas curves, BTC halving models, and ETH burn rates; Cycles, Kondratiev waves, Juglar waves, bull-bear alternations, crypto four-year halving—what haven’t I recorded in my notes? I have drawn technical K-lines and experienced the mentality of emotional trading. Bollinger Bands, KDJ, MACD, Elliott Waves, chip distribution... I’ve hit all the signals that can deceive retail investors.
I have witnessed the madness of FOMO and the panic of FUD. I have listened to every hearing of the SEC and seen every approval of ETFs; AI, RWA, Restaking, GameFi, Meme, I have tried them all. Mining machines, electricity costs, computing power, DeFi, stablecoins, liquidation mechanisms—this entire industry chain, I have not missed a single link.
When Musk sends an emoji, I can read market expectations; When BlackRock adjusts its positions, I can guess the institutional rhythm. I have stared at charts until 3 AM and held on at the bottom until dawn. The volatility in the crypto world can help you rebuild logic amid collapse; The pain of liquidation can help you understand the truth of finance.
This is a battleground of human nature, greed, fear, and discipline. $10,000 is enough to make you lose a PhD degree. But it might also allow you to see the flow of wealth $BTC #Crypto World
October 28, regarding "CZ's inclusion in the Hurun Rich List," He Yi commented, "In the future, when Bitcoin rises, BNB will rise to trillions.
I have never really understood why Hurun insists on placing CZ on this Chinese rich list; there may be other paying users who have paid advertising fees for CZ, and if PR contacted them for corrections and they didn't, then let it be." $BNB
In recent days, the topic of @binance "adjusting candlesticks" has been very hot, so let me talk about the issue of adjusting candlesticks.
1/ A price of 0.01 is a precision issue, not a real transaction; the actual price cannot reach 0.01.
2/ If there is no depth in the order book, even if it really reaches that price, the volume that can be traded is minimal. Binance has a minimum order price protection; everyone should go try it now to see how low of a $ATOM buy order they can place.
3/ Spot ≠ Futures. The price fluctuation of spot directly affects the liquidation of spot leverage, not perpetual contracts. Perpetual is anchored to the spot through funding rates.
You can take a look at the difference in the lowest prices between Binance BTC spot and perpetual contracts when the price spiked on Friday.
4/ If liquidation really occurs because the price reaches 0.01, then opening an account is not as simple as going to zero; instead, it would mean a margin call, and one would probably owe money to Binance.
5/ Fixing candlesticks is a common practice across various exchanges (especially smaller ones) to correct abnormal candlesticks. Why?
It’s not to destroy evidence or anything. Because if not fixed, technical indicators (moving averages, MACD, etc.) would be distorted due to invalid data, misleading all traders.
Additionally, since there are no actual transactions, the significance of retaining them is minimal.
6/ Fixing candlesticks is something all exchanges do. Why is it that Binance is always the one being talked about? Because mentioning Binance generates traffic and interests. Sigh.
How long can BSC's MEME be played, is it worth it? My conclusion is to embrace it; it should last quite a while because this time is different.
1. In my Binance life, I made a small CALL on Twitter with 400K, thinking it was fun. However, I didn't realize how massive the funding brought by this flywheel would be at that time. I've reflected on it these past few days and come to understand.
2. CZ and He Yi will not allow this wave of enthusiasm to end easily; it is very likely to continue.
3. In the past, the ultimate goal of MEME was to land on Binance, and now Binance has achieved the integration of CEX and wallet.
4. The funding side is more abundant; the MEME ecosystem on BSC is mature, and the ecological flywheel has already started.
5. The exit path for MEME projects is becoming clearer: first rely on replies to heat things up, then move to alpha, and finally to aster spot and Binance spot, gradually increasing, advancing steadily.
6. Therefore, I believe this round is likely to be more lasting and far-reaching than the previous one.
7. This MEME bull market led by the Chinese community is worth cherishing for every one of us in the Chinese world. The advantage of information and language has finally given us the opportunity to seize the initiative.
The rules have changed; this time we stand at the forefront. Those who embrace change quickly will make money first; Those with biases won't make money, of course, they won't lose money either; trading requires one to judge when to enter and exit. $GIGGLE
Thank you for the Mid-Autumn Festival gift sent by $GIGGLE
#memecoin section's first charitable narrative
CZ pointed out that starting with a market value of 300 million is no joke
Everything is just beginning, and its tax revenue will automatically be donated to Giggle Academy, a long-term narrative of education + charity
It has already been on Binance Alpha, and the next step is to wait for it to be on Binance spot👋
For those who said it can't be listed, don't forget that the beloved dog from back then also had taxes on the spot, which is even higher than the tax revenue of $GIGGLE
This morning, Binance Life, Binance Mooncake, Jade Rabbit, Marshal Licking Peng, Zhao Chang'e, and others #MEME suddenly exploded on Twitter and the BNB chain.
Then the foreigners in the English-speaking area complained:
What are you all posting?? I completely don't understand these Meme names!🤣
Become an influencer creator on Binance Square in just one day with mouth-to-mouth teaching! The secret not to be passed on, don't wait foolishly anymore, straightforwardly step by step to successfully complete the task🔥 1. Assume you are a beginner account with 0 followers 2. Deposit 20u into the exchange, later I will teach you how to eat and take 3. Now you have 20u, you can go to the creator's task desk and find some project tasks, generally there will be 5 tasks, each project can repeatedly use this 20u to complete 4. After completion, you will receive different amounts of token vouchers, as shown in the picture below, each token voucher is worth an average of 10u, at this time your 20u is still there, obtained at no cost, what you can do is use chatgpt or gemini to generate some articles for publication 5. At this time, you may already have dozens of followers 6. Then you need to go to a crowded live room, ask to become a co-host, say you want to send red envelopes, this service on Xianyu charges someone 488 for you to pay, but only a loser would agree 7. After going live, holding the token vouchers you recorded earlier, go to send red envelopes, many profit-seekers and Indian brothers will come to pay attention to you receiving red envelopes 8. This is when your follower growth is the fastest, and it will quickly reach 1000 9. After reaching 1000 followers, go live, then send red envelopes yourself, left foot on the right foot, spiraling upwards 10. You can add charts of mainstream cryptocurrencies in the articles, and there will be some rebates #币安alpha #Binance
Traders who can maintain long-term sustainable profits at present
Which experience and skills are not summarized through countless trials and tribulations
Who hasn't experienced total failure, turning to ashes, and disappearing in an instant
The growth of traders generally goes through five stages:
• Beginner stage: Ignorant and fearless, knowing nothing but full of passion, daring to charge and fight, but mostly educated by the market.
• Growth stage: Only partially understanding, knowing a little surface knowledge, thinking they have mastered the 'secret', often making the loudest noise with half a bucket of water, earning a little money but easily giving it all back.
• Experienced stage: Knowing what cannot be done, having seen a lot, understanding the routines, but unfortunately, the mindset and discipline always falter, knowing they shouldn't do it but can't help themselves.
• Mature stage: Knowing what can be done, having gone through repeated honing, finally able to control themselves, translating cognition into action, achieving unity of knowledge and action.
• Transcendence stage: Self-transcendence, no longer comparing wins and losses with others, more competing with oneself, returning to simplicity in complexity, treating trading as a practice.
This path is like 'Seeing the mountain as a mountain, seeing the mountain not as a mountain, and seeing the mountain still as a mountain'. From the initial reckless youth, to self-righteousness, to experienced but still making mistakes, ultimately reaching the unity of knowledge and action, and returning to simplicity. The essence of a trader's practice is: from simple to complex, and then from complex back to simple. $GIGGLE