林克Clean

I have held Bitcoin for 10 years, and this Binance account is the same age as Binance itself. I registered in July 2017 when Binance launched. Today, I found a post from 2016 when I bought Bitcoin for over 524,649,986,103,000 RMB. At the end of that year, Trump was elected as the President of the United States for the first time, and the price of Bitcoin surged to over 7,000 RMB. I sold off more than half, making a profit of more than double. That was the time I sold the most Bitcoin. Low cost but unable to hold, the limitation of understanding is just the surface. The deeper reason is that Bitcoin has become a container for consuming imagination, carrying a future narrative far beyond my initial understanding.
Observing the Bitcoin whales around me, most of them earn Bitcoin through work. The cost is not the fiat currency used to buy it, but the realization of abilities and resources. Therefore, the cost of fiat currency is original sin, and anchoring prices is a mental demon. The best way is to make your abilities and value become mining machines, directly exchanging labor value for Bitcoin. Without buying points or selling points, one can traverse bulls and bears and stand firm in the torrent of time.

The matter of blue warfare serves as a reminder to everyone: when going out, be sure to be low-key, cautious, and prudent.

If you expose your whereabouts throughout, someone will be watching you. No matter how low the probability, once it falls on an individual, it becomes a hundred percent disaster.
In the cryptocurrency world, this risk is even greater.

In October this year, Roman Novak, a cryptocurrency practitioner known for his flashy lifestyle, and his wife Anna, were tortured and killed by kidnappers in Dubai after defrauding investors of about $500 million through a false project.
In June this year, a crypto trader/KOL was kidnapped in France, which also drew CZ's attention, particularly reminding everyone to pay attention to personal safety and not to casually disclose whereabouts.

It might be fine domestically, but once you go abroad, in unfamiliar territory, risks can be infinitely magnified. HKD once reminded me: when going abroad, it's best to change your watch to keep a low profile and not become a 'low-hanging fruit'.

Assets in the cryptocurrency world are easy to track; the higher the wealth and exposure, the closer the danger.
When going abroad, do not announce where you are on social media at that moment; create a time difference; join some activity groups in advance, travel with familiar people, it’s best not to act alone, and try to avoid meeting strangers; if you encounter strangers at events, especially when there is no intermediary introduction, don’t naively say everything.

Most importantly: boast less, the perpetual profit hero is more likely to be targeted, share your experiences of losing money truthfully, and stay safe.

They said they saw Liu Yifei at the F1 racetrack, I don't envy at all, okay!
Because I watched it with CZ and Sister One, a highlight moment in life!

The pricing power of gold is shifting from North America to the Asia-Pacific

And China is becoming the most critical force influencing the trend of gold prices

The weaker the dollar, the stronger the gold

What to buy is self-evident

Won an award! Half a year as a blogger, the gains are far beyond expectations.
In the past, the inherent aesthetics of the industry made me narrow-minded, but continuous expression and creation have broadened my horizons again.
Sister told me to keep working hard and not to be affected by the noisy voices 🙏🏻.
Sincerely grateful for the support of all my friends; it is you who have helped me along the way, and I remember it all in my heart ❤️

The first sister looks super good
It's just too rushed, Yan Chi took a blurred photo of me, haha

#BinanceBlockchainWeek #BinanceSquare

Looking back, without those few major policy cleanups from back then, there would be no subsequent release of ETFs; if the U.S. had not regained the discourse power, there would be no trend of viewing crypto assets as 'national reserves'.
Bitcoin reaching $100,000, each round of regulation has instead been a key piece of the puzzle. 😂
Without any one piece, the outcome would not be the same.
To some extent, everything is the best arrangement.

Interestingly, after each round of intense regulation in the past, there has always been a crazy bull market.

2013.12 Five ministries first regulated, defining Bitcoin as "virtual goods"
BTC fell from 1100 USD to 400 USD (-65%).
At that time, it couldn't even be called the "crypto circle", and the overall capital scale was limited, with schemes like 3M maintaining market transaction volume at the bottom. After experiencing the longest bear market, the market welcomed its first true cyclical bull market.

2017.09 "94 Ban": ICOs were completely halted, and exchanges shut down
BTC fell from 5000 to 2900 (-42%).
But within just a month, it quickly recovered, and by the end of the year, it surged to a new high of 20,000 USD.
The 94 ban was instead seen as a healthy cleansing before the bull market.

2021.05 Comprehensive ban on trading and mining
BTC fell from 64,000 to 29,000 (-55%).
Months later, the price reached a new high of 69,000.
However, this time the regulation caused China to completely lose its strategic advantage as the leader in global hash power.

2022-2023 Continued high-pressure regulation
Soon after, the US SEC approved the Bitcoin ETF, officially bringing mainstream funds into the market.
From then on, China's influence over the industry further weakened.

But this time the situation is clearly different, the marginal impact of regulatory news on the market is becoming smaller and smaller.
In the past, the logic of "clearing negative news at once" was that risks were concentrated and released, chips were deeply cleaned, negative factors were hard to increase significantly, and a new round of strong upward momentum would start.

Now, the influence of Dongda's policies on the market can almost be ignored, as there are neither the foundation conditions for "reshaping history" nor the power to promote changes in the industry landscape again.

Looking back, without those few instances of intense policy cleanup back then, there would not have been the subsequent release of the ETF; if the US had not regained its voice, there would not be a trend of crypto assets being viewed as "national-level reserves".

Bitcoin reaching 100,000 USD, each round of regulation has been a key piece of the puzzle. 😂

Without any one piece, the outcome would not be the same.
To some extent, everything is the best arrangement.

Last year's Binance Dubai BBW, I was watching the live stream in front of my computer
This year I can stand on the same stage as CZ and the top sister, sharing a few of my thoughts
Thinking about it still feels quite dreamy

Accept the regulatory crackdown!

In fact, this news has almost no impact on us 🤷🏻‍♂️

Fraud schemes in the domestic sinking market are too rampant. If we don't regulate them, it will be the biggest harm to the industry.

Don't mention those schemes that use the banners of "blockchain" and "Web3 finance" to specifically harvest the elderly. Right now, inscriptions can still maintain trading volume, to put it bluntly, it mainly relies on these people to drive it.

Some time ago, I went to Jeju Island, and while waiting at the airport, I heard a middle-aged man promoting the "Bitcoin ecosystem" to an elderly woman next to him. He was talking about superficial matters, full of jargon about deposits and withdrawals. On the return flight, I overheard several Chinese middle-aged women discussing Ethereum, typical phrases about static and dynamic returns.

This low-end scam is most prevalent among our parents' generation, who have a limited understanding of financial markets, let alone the complex logic of the cryptocurrency world.

Therefore, this round of regulation is also a good thing for the industry; it won't affect the market anyway. If we can clear out these scammers sooner, people won't just think of scams when the term "cryptocurrency" comes up.

As for us, the real participants in the market, these policies are basically just a breeze passing by our ears; we just listen and move on.

Sun Ge's two accounts have both forwarded my post

“Do you still care about this little money?”
“Are you also involved in this little profit?”

This kind of talk is the easiest to lead people astray in their views on wealth, so don't be fooled!

I read in a book before that over 80% of wealthy individuals admit that the starting point of their wealth accumulation is often a 'small business that others look down on.'

People have completely different psychological weights for things they already possess and things they are about to gain.

What truly widens the gap between classes is not about whether something is dignified enough, or whether one wears a long gown, but rather:
1. The keen capture of major opportunities
2. The respect and accumulation of countless small opportunities

A few years ago, you would find that many celebrities who have already achieved financial freedom still go to Douyin and Kuaishou to sell products.
It's not because they lack money, but because deep down, they believe: they have the potential to become the new leaders in this field.
Even if at the beginning, there are only a few hundred in sales commission or a few thousand in placement fees, for them, it is all positive feedback, a signal that 'I still have greater potential.'
They may not lack money, but they cannot do without these kinds of signals.

The cost of living is actually quite similar for everyone; what is truly expensive is the opportunity cost.

Anyone who genuinely feels that 'this little money is beneath them' is likely to miss out on a big fortune.

The reason wealthy individuals can become wealthy is due to one core secret: they fundamentally respect every penny and every opportunity to make money.

And those who feel they can rise above money and disdain 'small money' at will,

will either go bankrupt or miss the most crucial leap of their lives.

In the Perp track, StandX is currently one of the few projects that integrates three key elements:

1. Margin directly using interest-bearing DUSD
This experience is very advanced: using stablecoins as margin while still earning interest effectively hedges a portion of the funding rate, making the overall cost lower than traditional perp.

2. Stablecoins taking the lead, depth taking the lead
After the launch of DUSD, StandX's TVL quickly surpassed 100 million dollars, and its depth and matching efficiency are among the top tier of similar new projects. The slippage and price following of BTC perpetual contracts have approached the experience of centralized exchanges.

3. Dual-chain architecture + strong foundation
Behind it is a team from the former Binance contract team plus an engineering system with a Goldman Sachs background. The parallel execution engine of multiple chains makes delays, liquidation handling, and funding rate adjustments more stable, representing a typical "product developed from a practitioner's perspective."

While other projects are still focused on UI and beautifying point models, StandX has already begun working on the underlying system, creating a flywheel between stablecoins and trading depth. In the future of the Perp track, I believe there will likely be a place for StandX.
Recently, the market has been weak, so I've added some LPs.

Similarly, in the same trend, Tencent already has QQ, but still needs a WeChat. Back in the day, there were not just one team making WeChat, but the one that eventually succeeded captured the entire market.

Retail investors have long been numb from being harvested by high FDV projects, and this announcement completely exhausts the aesthetic fatigue towards narratives like Monad.

At a glance, it's the familiar formula of high valuation + hell unlock, and it just skyrocketed.

The EVM version of the Solana killer isn't working either, now at this price buying $MON directly outperforms institutions, and there are no lock-ups.

Brothers in the cryptocurrency world should spend less time on useless activities, as efficiency can truly soar in this era. Focus is the most scarce ability. Reducing unnecessary thoughts saves the time spent looking for distractions, which is the real time black hole. Finding something aesthetically pleasing is quite difficult. Sometimes, a few hours can just slip away like that.

Only when reaching a certain age does one realize how hard it is to settle down and do one thing well. Besides fishing and hiking, I can hardly part with my phone. I'm always being pulled along by various information.

Restraint is the first productivity of efficiency, reducing those meaningless cycles of desire. To some extent, I understand the saying 'impotence is a blessing.'
😂

Cultivating other hobbies will enhance one's spirit and energy, and male charm will also rise accordingly.

I visited this vault, which costs 540 million RMB. To enter, you need to pass through three security checks, register your passport in advance, and then verify it twice to confirm that it is indeed you visiting.

Gold, watches, and luxury cars are all hidden in underground spaces, and photography is not allowed. As soon as I stepped into the hall, I could see a piece of steel installation art worth 1.5 million USD, large and stable, shaped like an enlarged DNA helix, symbolizing the continuation of wealth genes.

After taking the elevator down, there was no phone signal. The gold reserve area I saw was about 150 square meters, with constant temperature and humidity, resembling a laboratory. All the gold was displayed in an orderly manner, but wrapped up. There was also a gold box specifically opened for us to view, neatly stacked with gold bars worth 100 million USD, which you could pick up and observe. It was very heavy, and the shock brought by that metal density was stunning, a shining golden sight that brought joy to my heart 😂

Every door underground requires two fingerprints to open. After getting off the elevator, I could only photograph the public area, as all the collections inside belong to private property and photography is not allowed.

The most special thing about this vault is that you don't know what floor you're on; you only know that this place is fireproof, theft-proof, and explosion-proof.

Going further down the gold area, there is an art zone. Christie's has rented one-third of the space to store works by masters like Picasso and Warhol, as well as contemporary art. The most impressive part is that this place once housed the German central bank's gold worth 8.9 billion USD, just think about it, that's a huge mountain of gold.

Further down is the area for watches and cars, limited edition Patek Philippe, which should be the special editions 5531 and 5930. Rare antique cars, precious jewelry, and 1945 vintage wine, including both Domaine de la Romanée-Conti and Léoville.

Standing in that place, I felt quite emotional; the Bitcoin white paper translated by Wu Jihan was the first version I read. Bitmain started in Xierqi, and back then, no one could have imagined the future development, eating barbecue from roadside stalls in Shangdi, with the cafeteria being Western Malaysia, Mr. Li's beef noodles, and West Shao Ye's meat sandwich.
In just seven years, Wu Jihan has owned this vault.

In this era, besides the crypto industry, there are really not many opportunities to change one's destiny. This place is full of miracles.
Seize the moment.

The decline in the past two days has made me feel a bit physically unwell. 😂
I can't see the landing point in the news, and I can't find the expected value in the macro environment.
The entire market is shrouded in fog, and there's no confidence at all.

I started looking for mental anchors from outside the market. Yesterday, I revisited Fan Zhendong's comeback from a 0:2 deficit, slowly turning the tables on Zhang Benzhihe; I watched Zhang Weili bite the bullet and fight her way back to the UFC after injuries, doubts, and a long trough; today I finished watching Mark Cavendish, and how he stepped over historical records after being considered 'finished' for five years.

I just listened to Teacher Cao Wenxuan's lecture. He said, 'Life is full of sharp turns,' but 'the flat and desolate places are spring mountains.'

If the market ends here, I can also let it go.
Those things that cannot be moved by my own will, let them be, and be more open-minded.
After all, who knows, perhaps after crossing this winter mountain, maybe next month we will encounter a view full of spring.

Brother A9 took his "entire fortune" to gamble on small coin contracts?

Is it really that easy to blow up billions in assets?
Do you really think OG is a fool, that over a billion in funds just came from the wind?

This behavior of making up stories to gain attention is the most shameless; it exaggerates non-existent risks infinitely, tarnishing the crypto space without any constructive purpose.

Do you know what market depth and exchange order limits are?
Does the one-way position limit allow you to boast like this? A small coin with poor liquidity and no depth would struggle to open a contract position worth tens of thousands of dollars; the exchange's risk control model simply does not allow for tens of millions of dollars in long positions.

If you really put A9's worth into it, long positions would be eaten away in an extreme slippage environment, prices would keep rising, and a big bullish candle would pierce through your slanderous mouth.

There are bad people in the industry, but it must be based on facts.
This is originally a high-risk environment; exaggerating non-existent risks is a form of evil.

Remember, not to spit in the well you drink from is basic morality.