A painful lesson! Three years ago, I spent 1.5 ETH participating in a crowdfunding campaign to buy an NFT. Today, I returned to find only a pitiful 0.056 ETH left. This once again confirms that all the flashy projects in the cryptocurrency world are just meant to deceive you and take your valuable assets like Bitcoin. I participated in the crowdfunding in a KOL's group. At that time, I had 30 side investments, so I extravagantly spent 1.5 ETH to participate in the crowdfunding, which was for those broken items in the image below. As a result, three years have passed, and it's all in ruins. One lesson is enough. It's better to leave the group and honestly hoard BTC. Hoarding Bitcoin is a lonely practice. But it's even more dangerous in the KOL's group. The emotions in the group can get heated, leading to impulsive decisions. It's best to tightly hold onto your Bitcoin and side investments. #ETH #BTC
Come and enjoy nearly 5 times the good luck for a day! The day before yesterday, my family member won a lottery for a new stock, turning 50,000 into 240,000. It is said that only 1 in 27,000 people wins, truly a one in a million. The family is filled with joy. My daughter is also sweet-talking her dad to share in the good luck, and dad generously spent 1,000 dollars. I am stockpiling pancakes and dealing with real estate. He is focused on stocks. Each has its own rewards. The family is steadily happy. When we establish our own trading systems and delve deeply into our familiar fields that we like, we can welcome our own good luck. #BTC
The pancake hoarders are steadily happy. At the end of October, I paid off the final payment for an apartment that I bought to rent out and support my retirement. Today, I emptied that overseas account and received the rent. The first expense was surprisingly the most expensive inner venue ticket for Lin Yilian's New Year's concert in Shenzhen at the end of the month. Through wave operations, I sold 0.44 large pancakes and have already received back 0.3. #BTC
Big pancakes attack and reclaim lost territory quickly! Refreshed and invigorated! Proud and elated! #BTC Yesterday a friend entered the cryptocurrency world, and the advice I gave him was: only buy BTC; divide the money into 5 parts and buy BTC on dips; stay away from altcoins, contracts, and leverage; follow the four-year bull and bear cycle, holding for at least 5 years.
This morning, for several hours, there was a waterfall-like drop, and USDT decreased again. It hurts a bit, after all, the drop could have been exchanged for 0.2 big coins. A few days ago, I had already recovered quite a bit. So, in a bear market, one should pursue more money (USDT), and only in a deep bear market can one have money to buy the dip and increase BTC. This is the lesson I learned from the last cycle, watching several million drop while foolishly holding onto coins without action. In this round, I remain conservative; aside from the large amount in the cold wallet that I won't touch, I hope to increase the number of coins. So, let go of the fantasy of a bull market and preserve USDT. After all, it's easy to drop in a waterfall, but too difficult to rise again. The four-year bull and bear cycle still applies. Respect the market and follow the rules. #BTC
Yes, block out the noise and read more good books. #BTC☀️
看不懂的sol
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Why must one read books to invest??
Knowing all excellent investors, none of them do not read (this is probably what it means). Recently, I have also been pondering why good investment requires reading?
1. The essence of investment is the realization of cognition
Investment is essentially the realization of cognition. To invest well, one must have a higher understanding than ordinary people, being able to think of what ordinary people cannot and do what ordinary people cannot.
Most investors are very smart and very diligent. To surpass these people, one must acquire a differentiated understanding that is above ordinary. High-cognition investment is realization, while low-cognition investment is dedication.
The pancake party's account has finally achieved a two-way increase in BTC and USDT, feeling very pleased. Previously, I was fully invested in large pancakes, switching between large pancakes and USDT. I was always anxious, caught in a dilemma: when fully invested in USDT, if the large pancake rises, the number of large pancakes corresponding to U decreases; when fully invested in large pancakes, if the large pancake drops, the corresponding USDT for large pancakes decreases. The day before yesterday, I made adjustments, dividing the remaining USDT worth 0.27 BTC into three parts, and bought BNB, ETH, and SOL at a low position. Now that the large pancake is rising, these three smaller brothers are following suit, and the corresponding quantity in BTC is increasing. At the same time, the entire account's USDT is also increasing. I'm really so happy!
I found Binance Square to be so much fun! This morning I discovered that the post I casually wrote yesterday made it to the trending section of the square, still Top 21. The post I casually wrote a few days ago has already reached 94,200 views. Along with the USDC that drops into my account every day, it's truly a surprise and interesting. As a hoarder, I neither do contracts, nor take positions, and certainly do not cheer for altcoins. So, guarding my coins is as lonely as guarding a widow, quite dull and boring. However, writing posts on Binance Square recently has made my 'Binance life' more interesting, and with USDC as a reward, I feel more motivated.
Thank you BTC! I hoarded Bitcoin for 5 years, and last month I finally sold 0.44 BTC for a total of 50000 USDT to pay the remaining balance for a rental property for retirement. During the crash in November, I bought back at a low price, and in 20 days I have earned back 0.29 BTC. I look forward to getting back the 0.44 BTC soon. The happiness of a Bitcoin hoarder is that as long as the Bitcoin is there, the principal is there, and happiness is stable. The more I hoard, the more secure I feel; the more I hoard, the more I feel like a miser, haha. #囤大饼
Binance sent me money! Quick, check if you've received it in your account! A few days ago, I casually wrote a post, and it has already received over 90,000 views, and I also received some USDC. I was previously puzzled about where the USDC in my account came from. Is this content mining? Although I'm a bit confused, receiving money is truly great. To everyone writing posts in the square, quickly check if there are any unexplained USDC in your account, as that could be the money you've earned from posting. #内容挖矿
I just saw a passage that gave me a jolt: Wealth will flow to spiritually high individuals; wealth is a tool for carrying out a mission. The awakened use wealth to benefit all beings rather than for personal pleasure. Looking back on my life, I had grand ambitions but little talent when I was young, indulging in the pleasures of youth. It wasn't until I was in my 40s that I experienced a spiritual awakening and aspired to become a wealthy person. The wheels of fate began to turn, and I seized an opportunity, making some money over a few years. Fortunately, despite my usual carefree attitude towards money, I used the money earned from my main job to buy Bitcoin and overseas property, securing a stable future for my later years. However, after reading this passage today, something within me was pulled back; I am still a practitioner. Wealth is merely a convenient tool for benefiting all beings. Never forget the mission, never forget the responsibilities of a practitioner. #囤大饼
Only during a bear market is there a certain opportunity to increase the number of cakes. During the last bull-to-bear transition, I foolishly watched as I lost several million without taking any action. This was too rigid. So this time, aside from not touching the cakes on the chain, I sold all of An An's cakes. Currently, I have spent 0.44 big cakes on the house final payment, and I have already recovered more than half. I will continue to patiently wait to increase the number of cakes during the crash. #囤大饼
Bought the first Bitcoin on May 31, 2020, fully traversing a bull and bear market without making any moves. This year, I finally used 50,000 USD to pay a portion of the house's remaining payment. Unfortunately, I didn't sell at a high point; I sold 0.44 Bitcoin at 114,000 USD, based on the cost price of the first Bitcoin bought, which was over 63,700 RMB. Back then, it was 30,000; in 5 years, it became over 300,000. What investment is safer and more reliable than holding Bitcoins?\n#囤大饼
At 36 years old, I have been rooted in the cryptocurrency world for 10 years, growing from 50,000 to 30,000,000.
The most honest advice I want to give to beginners is:
The speed of making money is truly inversely proportional to the number of trades.
When I first entered the market, I was also busy, watching the market until the early hours, chasing trends and listening to news, and ended up losing more as I traded.
Later, I figured out the way, and the market trends over 7 years only went through three phases: it took 24 months to go from 50,000 to 1,500,000, 12 months from 1,500,000 to 8,000,000, and only 5 months from 8,000,000 to 30,000,000.
The more I progressed, the more I understood that less action is the key.
My core strategy is particularly simple, and beginners can use it directly: focus on the 'N' shape.
This means that the K-line first rises, then retraces, and finally breaks through; once the pattern is confirmed, buy in, and stop loss immediately if it breaks.
I set strict rules for myself:
No averaging down, no leverage, keep the stop loss at 2%, and take profit at 10%, then stop. I even wrote the rules into the API to avoid emotional trading.
Many people laugh at me for being too foolish, not looking at moving averages, and not chasing news. But the fact is, those who stare at dozens of indicators and scroll through dozens of tweets every day often lose the fastest.
I simplified my trading: I only look at the 4-hour K-line + a 20-day moving average, glance at the closing price every day, and if there is a suitable pattern, I place a conditional order; if not, I turn off the computer to spend time with family or walk the dog. The market conditions do not affect my life.
There’s also a life-saving tip: when profits reach critical points, 'draw blood'.
At 1,500,000 I withdraw my principal, at 8,000,000 I transfer half out, and the rest is compounded further.
Even if a black swan event occurs, the principal is not affected.
Finally, I’ll share three iron rules for beginners to remember to avoid detours: don’t chase highs, only wait for pattern confirmation;
don’t hold positions, exit immediately if it breaks; don’t cling to battles, withdraw when the target is reached.
There is no guaranteed profit in the cryptocurrency world. Filter out leverage, filter out greed, filter out noise, and steadily achieve 20 times 10% returns. Growing from 50,000 to 10,000,000 is just a matter of time.
If you feel helpless and confused in trading right now, and want to understand more about the cryptocurrency world and cutting-edge information, follow me at @戊戌散人 .
Mastering Gann's Eight Laws, I say goodbye to 'random buying and selling' in the cryptocurrency world
When I first entered the cryptocurrency world, I was just a complete 'novice.' Looking at candlestick charts felt like reading a foreign language. I followed others, buying high and selling low, and ended up losing over 30,000 in a month. Later, I heard experienced players say that 'moving averages are the gateway for beginners,' which led me to start researching Gann's eight laws. Gradually, my losses turned into stable profits. Today, I want to share this practical experience with everyone.
### First, let's talk about Gann: the investment guru who became famous through moving averages
Some may not know who Gann is; he not only invented the moving average but is also considered the pioneer of 'volume-price theory.' The most impressive thing is that in 1981, he warned of an impending stock market crash and advised everyone to sell their stocks. As a result, the Dow Jones Index fell by 4.2% the next day and accumulated a 14% drop over the year. This precise prediction made him famous in the investment world.
In 5 years, you still haven't realized, you deserve to lose money. In the crypto world, capital safety is the most important. Only Bitcoin has the certainty of future appreciation. Besides Bitcoin, others are altcoins, including Ethereum. So, when entering the crypto space, the first thing to buy is Bitcoin. Stay away from altcoins, stay away from contracts, stay away from leverage. Buy Bitcoin as savings, don't mess around. The four-year bull-bear cycle will see Bitcoin increase on its own.
随心所欲灬
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Bullish
My fil is gone, the fil that accompanied me for five years is completely gone. Can I really make a comeback? Is this project viable? New lows again and again, five years have passed. #加密市场回调 #美联储降息预期
Last night my son was concerned about the Bitcoin price, and I comforted him that those who hold Bitcoin are not afraid. Although it has plummeted, there is still nearly 8 times the profit. I am very pleased that my son has such a calm mindset. For contracts and holding altcoins, the chance of liquidation and going to zero is very high. When investing, the first consideration should be the safety of the principal; you must hold assets that allow you to sleep soundly, and in the crypto world, it definitely has to be Bitcoin. #BTC☀