The path to breakthrough under the bright peak, the myth of the crypto world rises from its struggles
When the "six major sects" of the cryptocurrency industry besiege Binance, the "bright peak" with regulatory crackdowns, a bearish market, and the industry's winter, few believe that this exchange, which started in Shanghai, can traverse the cycle. However, as the market warms up and the industry returns to normal, Zhao Changpeng (CZ) and He Yi, this duo akin to Zhang Wuji and Zhao Min, have become a legendary figure in the crypto world with their persistence and ability to break through barriers.
The birth of Binance coincided with the industry's peak, but it also began under the pressure of being "surrounded on all sides". At its founding in 2017, domestic regulatory policies changed abruptly, forcing Binance to withdraw from Shanghai and embark on a global search that took it through Hong Kong, Japan, and Malta, much like being besieged at the bright peak, with no way to advance or retreat. In the following years, the intense restrictions from various countries, 13 charges from the U.S. SEC, the crushing weight of exorbitant settlement fees, and the ongoing downturn of the industry bear market compounded the difficulties, forming the "six major sects" that besieged Binance. The FUD sentiment in the market intensified, with voices calling for Binance's downfall echoing everywhere, even leading some to assert that this exchange, without a fixed headquarters, would ultimately collapse under multiple pressures.
It has risen, it has risen. Just a second ago, I was wondering if it would rise, and in the next second, it skyrocketed, looking like it's going to hit Alpha, let's go!
Five years of trading cryptocurrencies felt like a roller coaster ride. What I remember most clearly is that night with LUNA, when the red numbers of the liquidation hit a staggering 200,000—my savings accumulated over three whole years. For several nights in a row, I stayed awake until dawn, my temples throbbing, my mind filled with thoughts of how much better it would have been if I had closed my position back then. That dull pain lasted for six months, and every time I opened the trading app, my fingers would involuntarily tremble.
Later, a friend urged me to stop stubbornly clinging to contracts, saying there are opportunities in the primary market, with coins that could multiply dozens of times. Skeptical, I followed him to mine an app called Core, checking in daily and completing tasks like clocking in at work. To my surprise, this unremarkable platform actually launched an exchange; although it wasn’t the hundredfold or thousandfold returns others spoke of, it did help me slowly recover some losses.
Now, I mainly trade on Ave and no longer obsess over getting rich overnight. Earning a hundred or two each day is enough for groceries and meals, and occasionally, I can meet friends for a cup of milk tea. Watching others in the group share their daily earnings of a hundred thousand, I surprisingly feel little emotion. Perhaps this is my Binance life—having experienced the turbulence, I ultimately docked in a calm harbor. Those sleepless nights taught me that a steady flow can also be a form of fortune. #寻找两百个不同的币安人生
I believe that Binance life can definitely turn each of us around
米舅168888
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What I desire could perhaps be called 'Binance Life'.
This does not refer to staring at the screen day and night trading cryptocurrencies, but rather yearning for a life state that is efficient, safe, globalized, and resilient, much like a top exchange such as Binance.
Imagine my life as a personal exchange. My skills, time, cognition, and resources are the 'asset pairs' listed for trading. I need to continuously learn, and I also need to embrace trends, exploring new fields such as AI and Web3 with a small portion of my energy in the 'innovation zone' to seek greater growth potential.
I believe that safety and risk control are the bottom line. Just as Binance has a strong risk control system, my life also needs a solid moat. A healthy body, stable emotions, and rational judgment are my life's 'SAFU fund' (User Safety Asset Fund). This allows me to withstand severe market (life) fluctuations without collapsing out of the game due to one failure (hacker attack). I will not bet all my 'assets' on an uncertain project, understanding the importance of diversification, and living more calmly.
I also believe that liquidity creates value. At Binance, assets can be quickly converted into any form you need. In my life, I hope my abilities and value can flow freely on a global scale. I can be a developer in Xiamen or a digital nomad in Singapore. My value is not defined by geography or a single currency but is recognized and exchanged globally through the vast 'liquidity pool' of the internet.
More importantly, I always hold the private key. The ownership of my data, my choices, and the value I create is firmly in my hands. I no longer entrust the accounting of my life to a centralized institution (such as a single company or social evaluation system); I am the node, and I validate value myself.
This is the 'Binance Life' that I yearn for: to be the super exchange of my own life. Efficiently matching opportunities with efforts, safely managing risks and returns, capturing value in global liquidity, and always being in charge of my own destiny. In this never-closing trade, I want to be my most reliable CEO, continuously listing quality assets for myself and achieving compound growth in life. #币安人生
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