Cryptotodamoon

Recently I learned a saying:
Being in an empty position isn’t doing nothing.
Being in an empty position is also a key way to trade.
Those who truly make money are the people who spend most of their time in cash/empty positions.

Many have been trading frequently in the past 7 months this year.
No denying there are some opportunities,
but in the end,
you’ll find that simply managing to not lose while also not making much—being break-even—is already something only a few can do.

Better to “open the shop and eat for three years.”
Even just steadily taking some interest right now already puts you ahead of 99% of people.
The industry needs to follow the trend.
Whether it’s crypto or AI stocks.

Basically, most of my position is in stablecoins.
The core position in stablecoins is $USD1
and .

Because right now Binance’s USD1 still has around a 5.5% annualized return.
As of the latest period, up to August 7, keep an eye on the next period’s updates.
Remember to also casually open a low-leverage short on BTC—remember, if it goes beyond 300 USD1.

This may be a bottom of the big cycle, but it definitely won’t be the absolute bottom.

Look to the future, plan for the future—whether it’s BTC,
or the broader market,
or the future of stablecoins.

Learn to place your bets in advance.

Accidentally told the truth out loud
😂😂😂

Say a hot take:

The lifespan of wealthy second-generation kids who don’t work

is actually dozens of times longer than that of ordinary people

A great master has come to the world of pottery

Wang Hong has won an award, and Chinese, French, and Americans are all reflecting on the failure of their respective education systems.

Because she did her undergraduate studies at Peking University, then went to Paris for a master’s degree, and later pursued her PhD in Boston and New York, worked as a postdoctoral researcher, and eventually became a professor.

Chinese people: Why, when a mathematician who later achieved such enormous success studied for her undergraduate degree at Peking University, did she only feel discouraged, only regaining her love for mathematics after going to France?

French people: Why did this century-defining breakthrough in the world of mathematics happen in Boston? France clearly cultivated Wang Hong—so why did Americans end up taking the credit? Why do France’s best students all go to the United States to pursue PhDs?

Americans: Why do so many people who achieve outstanding accomplishments in the United States have roots that all come from outside the country? Is there something wrong with America’s own basic education?

At this time, I really want to ask—are you still serving the “four major express” companies?

Yang Chaoyue has a detail: when she wears black stockings in public, she likes to wear ones with ripped holes. In the future, torn stockings can still be worn. The end point of fashion, it turns out, is thrift.

？

No wonder Wang Hong was especially grateful to her PhD supervisor, Larry Guss. When she gave a talk at an international mathematics conference, Guss was like a parent at the edge of a fence, peeking to watch the kids perform at school—proud yet cautious, nothing like a big shot. There wasn’t even a seat; she stood watching with the representatives from Tsinghua University’s Qiuzhen Academy.

Larry Guss wore a casual shirt and carried an old, battered bag as he went there. With a look of satisfied warmth on his face, he was just like an observer—watching his accomplished student speak confidently on the podium.

Wang Hong had indeed found the right soil. She didn’t need to squeeze her way after getting her PhD to compete for a post at a subdistrict office. She didn’t need to cram extra tasks beyond the curriculum, and she didn’t have to deal with someone blocking her progress—her supervisor wasn’t tying her hands and refusing to let her graduate or forcing her through hoops by not approving her dissertation.

As for her and her supervisor, they achieved each other, trusted one another, and were both grateful to each other.

Latest Gossip
Ding Lei’s cup of wine settles power struggle
NetEase was taken away by the police along with five veteran executives who helped him build the empire

My first reaction was: the author is an idiot
My second reaction was: the author is a genius

Don’t be a middleman next life

Find a pattern: couples who get into a relationship faster break up faster—why is that?

The evaluations given to Wang Hong by schools in China and abroad are strikingly different.

Peking University professor/classmate on Wang Hong’s evaluation:
She’s not a competition student, not the most eye-catching one, and not the “invisible” in the class—but she is extremely self-disciplined, hardworking, and willing to put in the hard work. Through long-term persistence, she achieved a turnaround.

MIT PhD supervisor’s evaluation of Wang Hong:
She has the research trait of being slow but deep. She isn’t constrained by tradition; she can come up with innovative methods to find breakthroughs that her predecessors hadn’t discovered.

Professor at École polytechnique’s evaluation of Wang Hong:
Her intuition is rare—far beyond all the students in her cohort. She quickly tackles off-syllabus difficult problems.
She has an extremely rare gift, toughness, and a mind brimming with depth.

At Peking University, even the professors who evaluate Wang Hong still focus on the fact that she had no competition background—no innate talent—emphasizing that she achieved the “turnaround” through diligence.
Her mentors in both the United States and France praise Wang Hong’s extraordinary talent, depth of thinking, intuition, and resilience.

Hefei’s local government bond balance is 300 billion, while fiscal revenue is roughly 100 billion per year.

As a result, today, Changxin’s market value surged dramatically, bringing a wealth effect to the market that directly reached the trillion-level.

Changxin earned Hefei back 1.3 trillion in one go—about the GDP of nearly one year, or 13 years of fiscal revenue. It could repay local government bonds four times over.

You’ll see how terrifying the power of high-tech industries is.

Some places pursue culture and tourism—build as many scenic spots as they can, hold as many events as possible. They go viral online and attract huge crowds offline. People line up everywhere, buy a bottle of water each on average, but in the end they don’t actually make money.

For traditional industries, it takes decades of accumulation to compete for investment and attract business.

But once a truly promising tech company makes a breakthrough, the value it creates can grow exponentially.

Pick the wrong track, and even if you work hard all your life, you might only end up managing a small plot of land.

Pick the right track, and when an industry takes off, the whole city can be lifted along with it.

This is the power of choosing the right industry.

Only a little over 10% of people in China have passports.

Among this group, there are also a lot of people with blank passports.

That means 90% of people have never been abroad.

If people with blank passports don’t go overseas, why are they getting passports?

Crossing provinces and traveling over 1,000 kilometers to come and debug the client’s equipment.
When I arrived, I was completely baffled—
because the whole job only required swapping one battery,
but each visit costs a service fee of 20,000.
I was afraid the client would feel it was a waste,
so I had no choice but to pretend it was extremely difficult,
and I insisted on taking apart every screw,
then putting everything back together again.
In the meantime, I also called the technical department a few times,
and I ramped up the emotional value to the max.
Later, the client even said the money was absolutely worth it.

Loyalty

Friends in their twenties don’t want to work anymore and just quit, then after a few years they meet a guy who’s both handsome and rich and he pursues her. Then she finds out that the guy has nine-digit cash in his account… every month he sends her money and also reimburses her stock losses and all sorts of other things, and he’s never touched her. He takes her out to play, eats Michelin-star food, and books the most expensive suites, but at night they go home and sleep. So shocking—really, is there anyone like this?

Cousin’s first day going to Mount Tai to accompany climbers.

Right when she arrived at the Red Gate, before her bag even felt warm from being carried, a handsome guy came over and asked: How much for accompanying a climb?

My cousin quickly recited the prepared lines: 800 in the daytime, 900 at night.

The guy didn’t say anything else—he immediately transferred 1,700.

My cousin froze on the spot: Bro, are you planning to climb once in the daytime and again at night?