Capital always flows from low value to high value. In the real world, gold, real estate, and stocks are flowing. In the cryptocurrency world, low-value coins are flowing to high-value coins. This is a sublimation. A sublimation of cognition.
A woman born in 1981 posted a marriage ad requiring someone to help repay a 200,000 loan, let her never work, have no children, live as a couple only, and provide 5,000 a month for expenses. This isn't marriage; it's recruiting a lifelong paid nanny and ATM, complete with debt restructuring services and an entire family to support.
Behind every money-making opportunity you see, someone holds the switch. Opportunities are man-made traps. Fools are the economic resource of swindlers; swindlers are the spiritual prop of fools. Mutual favours circulate. You pay for pleasure or spend money for joy at concerts.
Most wealthy second-generation officials and rich second-generation Chinese people have overseas identities. One reason is to transfer assets; another is fear that after a regime change they may be treated like landlords in past political movements.
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Everyone envies the rich, who remain detached and observe the world with impartial, godlike clarity.
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I have been speculating in cryptocurrencies for seven years, and finally made money in the 2020-2022 market. However, the decline of the market in 2022 caused a large retracement, but relying on previous experience, I still made a lot of money in the second half of 2022. I almost went bankrupt three times in 7 years of speculating in cryptocurrencies. I cried secretly many nights without sleep, and the people around me basically did not support me. I am grateful to myself and the few people who believed in me for letting me survive.
In 2022, a Chinese miner moved his rigs to Kazakhstan. The local power grid collapsed and the government cut electricity. Hundreds of rigs sat idle. He smiled bitterly and said, 'Mining all over the world, getting unplugged all over the world.'
Don't sell covered calls without understanding options. Don't LP without understanding impermanent loss.
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It's best not to touch altcoins. The project owners will just shit a bunch of shit and wait for you to happily eat it, and then run away. The typical EOS project owner with corrupt morals, the dog-day MB, created the pile of shit projects bts steem eos, which are all piles of shit he shit. At first, he lied to people that the shit smelled really good.
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If you are a spot player, you are lucky enough to come across a copycat with a 10x or 20x return. When you wake up every day, you will see your account balance increasing. When 3,000 becomes 30,000, ask yourself if you can continue to hold on. This is still a lucky situation, because there are so many cryptocurrency projects now, and no one can guarantee that a certain product will definitely reach more than 10 times.
In 2015, Mr. Zheng spent 5,000 yuan to buy 5 Bitcoins and forgot about them. Years later his father fell critically ill and needed large-sum medical fees. He sold 4 Bitcoins at the peak for 420,000 yuan to save his father, keeping one coin as a memento.
He held large alt-coin holdings showing millions-of-dollars paper-value. Market liquidity was extremely poor. No buyers existed, so he could only watch his assets shrink.
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Human relationships are like knitting a sweater. They are built stitch by stitch, day and night. Yet they can all unravel with one single tug.
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Continuously falling exchange balances are often bullish; rising balances signal potential sell pressure.
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