半只猴子

After reading Zhao Changpeng's first book 'Binance Life'

Inspired, I will also write a book 'Cryptocurrency Life'... from the perspective of an ordinary retail investor

$币安人生

Zhao Changpeng @CZ published a book "Binance Life"

Looking closely, you will find

In 2005, he was 28 years old, Bloomberg left

Year-end bonus of 140,000 US dollars, plus an annual salary totaling 390,000 US dollars. This income record was maintained for thirteen years

In the following thirteen years of hard entrepreneurship, personal income was far below this figure

Until the age of 41, Binance took off

After thirteen years, even someone as strong as CZ struggled for a full thirteen years

28 years old at his peak, then struggled and endured all the way

Only after thirteen years did he turn the tide

So brothers, you are not incapable, you are just still in those thirteen years!

Seeing Big Cousin's book, I was inspired. I published a book "Life in the Crypto Circle", telling the story of an ordinary person's thirteen years, how he went from being a steel factory worker to a veteran in the crypto circle, and how I went bankrupt three times...

Previously mentioned that through trend lines, it is possible to quickly determine whether it is a bear market or a bull market.

Its advantages are intuitive and safe, but it may cause you to miss the real tops and bottoms.

Judging the top or bottom requires completely different techniques.

This is divergence!

To simplify, as shown in Figure 1, I saw daily level top divergence last year between $BTC 115,000 and 120,000 in Bitcoin.

The subsequent trend has indeed been so.

Today I read Zhao Changpeng's book "The Binance Life"

Zhao Changpeng@CZ has indeed given a very high评价 of Bao Er Ye

By the way, I also mentioned that Bao Er Ye donated all BNB to Binance Charity back then

I'm very curious, how much did Bao Er Ye actually donate $BNB

Now I respond: 2 million pieces, currently worth 1.2 billion US dollars

This guy recently made 11 million US dollars, which is about 80 million Chinese yuan.

He also has a nickname, Billion Brother.

Last year when it was $$BTC 10 million US dollars, he claimed he wanted to make 1 billion in a single trade, and his account profits exceeded 100 million US dollars, just a step away from 1 billion Chinese yuan.

In the end, the market took a sharp turn, he didn't close his position, losing 100 million US dollars in profit.

Today he shared his trading strategy.

Super big melon

Just read the book "Binance Life" by Zhao Changpeng, which revealed a super big melon

Huobi's Li Lin was detained for 90 days, and the one who reported him was actually Xu Mingxing
$BTC

Earned 11 million dollars in one order

Billionaire has chosen to cash out $BTC

What is the current situation in the cryptocurrency world?

A simple method for making the easiest judgment: trend lines

First, how to draw a trend line is based on a simple principle:

Highs and lows

In an uptrend, start from the lowest point and draw a line connecting the previous low points to the current high point.

In a downtrend, start from the highest point and draw a line connecting the previous high points to the current low point.

Note that these are charts of the same level; what is the same level?

For example, if you look at daily charts, that’s the daily level, and if you look at 4-hour charts, that’s the 4-hour level. The higher the level, the stronger the momentum.

As for the current Bitcoin situation, it is in a bear market, and a clear downtrend can be observed. A worry-free method is not to intervene unless the current downtrend is broken.

Of course, this worry-free method has a drawback: it will make you miss the highest or lowest points and lose out on some profits, but it is safer.

If you do not want to miss the actual highs and lows, you will need completely different techniques.

Next time, we will discuss this issue. $BTC

Billionaire Brother has increased his Bitcoin holdings again

Many people may not recognize him. Last year, when Bitcoin was around 100,000, he used 140 million as margin, promising to make one billion and give everyone a share of 1 million USD.

However, when he was about to make 100 million USD, just a step away from one billion RMB, the market quickly declined, and he gave back all his profits.

In the end, he was left with just the principal, and now he is back. $BTC

Wow, this is the difference

A single order easily profits over 5 million dollars

Envy you, Billionaire Bro

How about we set a small goal this time $BTC

Attention all large whales/Marshals/P-lieutenants

The first book by Binance founder Zhao Changpeng @CZ is coming tomorrow

For ordinary people, it is a ladder for cognitive leap

For P-lieutenants, it is a treasure map to financial freedom

Each chapter is a potential opportunity

Each story could be the starting point for doubling your account

Quickly throw away your delivery vehicle and rush back to the trenches

It's not just reading, it's enlightenment!

Once you comprehend, you can resonate with legends

Once resonated, your bag will grow

Do not go out for the next month

Refuse all drinking events

April is your big opportunity to make money

Episode 11, "From Steel Mill Workers to Cryptocurrency Veterans: How I Went to Zero Three Times"

Last time I mentioned that I relied on Douyin for sales to find a way to survive during the last bear market.

I read a lot of books and became the kind of person that Douyin's CITIC Publishing House needed to invite for their new book releases.

But I didn’t expect that this path would come to an abrupt end because of a distant conflict.

Let’s go back to October 7, 2023.

That day I was on Twitter and saw a lot of images and videos, many of which I had never seen before.

It was so tragic, more terrifying and horrific than scenes in the bloodiest movies I’ve watched.

Since I saw it, I couldn't pretend I didn’t.

Many statements in the media were completely different from what I saw.

I couldn’t stand it!

I decided to stand up, spread the truth, and let everyone know what Hamas really did!

To be honest, my hands were shaking when I sent out the first video. (Many people were at the door at that time)

I knew what I was up against; if I sent it out, I might get into trouble.

The comment section exploded, with some claiming they would make me pay a painful price, and others accusing me of making money from each video.

In fact, they were all kind people, just temporarily unable to see the truth.

Only a few supported me, but a large number began to attack; the comment section was filled with complaint screenshots, some called for collective reporting, and others cursed my ancestors for generations.

After a month of persistence, my followers dropped from 80,000, 70,000, 60,000... down to 50,000.

With each drop, I knew what it meant.

In the end, it reached its "highlight moment"— I was banned for six months!

The hardest part wasn’t losing my account, but realizing that some people only want to hear what they want to hear.

What the truth is doesn’t matter! Looking back now, this action led to significant economic losses for me, which was like adding frost to a snow mountain at that time.

I have no regrets and have never feared anything. The images I saw are unforgettable. If I could choose again, I would still do the same.

I know many people are still in the dark, unable to see the truth.

But I believe that someday, the truth will penetrate all darkness like sunlight!

Among all the big names in the cryptocurrency circle, I only saw Bao Er Ye retweet related content more than a year later. $BNB

Episode 10, "From Steel Plant Company to Cryptocurrency Old Hands: How I Went to Zero Three Times"

In the last episode, I mentioned that I chose 'double insurance'—doing Douyin while playing with cryptocurrency.

Without hesitation, I tested around and found that Douyin had the most traffic.

Although I knew nothing about Douyin at the time, there were plenty of tutorials online. It didn't take long for me to grasp the traffic logic.

Why do I say that?

Douyin has a ranking for tracks every week, with Sun Ge consistently ranking first, and I often ranked second or third.

At that time, I only had twenty thousand followers, and I thought to myself: Is the cryptocurrency circle too small?

One day, an editor from a publishing house contacted me: We published a web3 book, can you help promote it?

I had never promoted anything before, but thinking of making a friend, I agreed to finish recording in a few minutes and shared the link.

That night, I checked and saw over a hundred copies sold, with commissions exceeding a thousand.

I suddenly realized: Douyin's internal monetization might be a viable path.

Actually, I haven't read much, but I thought: to promote products, I need to read books first. Isn't this exactly the way I've been looking for to 'force myself to read'?

One afternoon, the air conditioner in the office broke. In Chongqing's summer, no air conditioning is like being in a sauna.

Everyone else left, and I stayed alone to record "The Unavoidable Economic Cycle." A 12-second video took me 2 hours to record, and with editing, it took 4 hours.

I uploaded it, shared the link, and the views were only in the dozens, then it stopped.

I thought: 4 hours of work, for nothing?

Withdraw, re-upload, without the link.

This time the traffic came, easily breaking 500, at that time I still didn't understand what commercial traffic and general traffic meant.

My mood was still quite bad—I couldn't figure out where the problem was?

Before sleeping, I opened my phone, and the messages exploded. Views surpassed 1 million.

I suddenly sat up in bed—not because of the 1 million, but because I validated that my traffic logic was correct. Quickly, I posted the link in the comments.

In the end, this video reached 4 million views, and that book sold over 1500 copies. Commission? A few bucks per book.

But that feeling was more satisfying than making tens of thousands.

Later, I used this method to push "The Black Swan," "Fooled by Randomness," and "1984" to the top of the Douyin book list.

In six months, I grew Douyin to 80,000 followers #

At that time, my box with $MBOX was over 200 dollars each, and there were plenty of NFTs priced over a thousand dollars each. Looking at those prices now, I can only smile wryly.

In the next episode, I will continue.

Episode 9, "From Steel Factory Worker to Cryptocurrency Veteran: How I Went to Zero Three Times"

If you have two opportunities in front of you that could turn your life around, how would you choose?

I chose 'I want them all', and almost played myself to death!

In the last episode, we talked about a Fortune 500 CEO disguising himself as a contractor, and I spent a day touring a sales office with him.

Before we set off, I casually posted a TikTok, and when we met, I showed him—2 hours later, it had over 1 million views.

That was the first time I felt what 'rapid traffic' meant. 2 hours, 1 million people saw me. That feeling, how should I put it—exciting.

But after the excitement, I still had to go back to the shop and make calls.

In the real estate agency business, you earn hard-earned money, running deal by deal, just enough to get by, but to really turn things around? Difficult!

This made me see the infinite potential of self-media.

On the other hand, the $GALA I bought earlier had increased by about 7 to 8 times when GameFi was booming. I also made a little profit on a few others.

After March 12, the market quickly rebounded, and various hotspots emerged one after another.

I began to hesitate:

On one side is the infinite potential of self-media, and on the other side are coins that have increased by dozens of times, capable of earning in days what would take a year.

Both sides are calling out: Come on, this way you can turn your life around.

I thought about it and made a decision: "Grab both sides, it can't be wrong, right? There are opportunities on both sides, double insurance.

Looking back now, that 'double insurance' was the most dangerous judgment I ever made.

In the next episode, how that 'double insurance' turned into a double kill.

Episode 8, "From Steel Factory Worker to Cryptocurrency Veteran, How I Went to Zero Three Times"

After the second liquidation, to survive, I became a real estate agent.

I have a friend who has been in real estate development since graduation, and after many ups and downs, he became the CEO of a Fortune Global 500 company in Chongqing.

He was planning to come to Chongqing to acquire land for development and sent me a message saying: Let's meet up and check out popular real estate in Chongqing.

I said sure, let’s just go to the sales office.

He said: We can't go directly; we need to disguise ourselves. I want to understand the real market situation in Chongqing, but with my current identity, I definitely won't hear the truth.

Before setting off, I casually posted a Douyin.

When we met, I showed it to him. In 2 hours, it got over a million views. He also does Douyin and posted photos from his student days, but the views were dismal.

He stared at my phone for a long time.

So, they disguised themselves as “construction bosses” and toured several of the hottest properties in Chongqing at the time.

My friend used his professional real estate knowledge, combined with the “construction boss” perspective, to ask many questions that even the sales ladies couldn't answer, getting a thorough understanding of the entire market.

In the evening, we went to their temporary office, a group of post-90s, with documents everywhere, printers buzzing, and corners piled with boxes of special Maotai.

Later, I learned why he did this.

First, to obtain the most authentic market feedback, the attitude of the sales office towards ordinary customers, what they say, and what traps they hide.

Second, to observe the sales strategies of competitors, how they conduct showings, how they pressure clients, and how they price.

Later, their team acquired land for development in Chongqing, and the first project abandoned traditional sales, relying entirely on social media to become an instant success!

After the cryptocurrency market experienced the 312 event, DeFi initiated a new bull market. With a bit of income from selling houses, there was a coin that made me 18,000, but I have already forgotten which one it was.

Why do I remember this amount so clearly? Because at that time, after I withdrew the funds, I was driving. I forgot to confirm the transaction, and when the merchant called, I had my colleague in the passenger seat help me input the password.
$UNI

Episode 7, "From Steel Factory Worker to Cryptocurrency Veteran, How I Went Bankrupt Three Times"

After the liquidation, to survive, I became a real estate agent. In my darkest hour, a fan of the Chán theory saved me.

After the liquidation, I worked as a real estate agent. Every day I made hundreds of calls looking for properties, until my scalp went numb, and I felt like throwing up at the sound of the phone.

One day, the entire store's data was unsatisfactory, and we were notified to go for 'education'—hundreds of people in the district stared at you, more stimulating than public execution.

I didn't want to lose this opportunity, so I stubbornly clung to the phone, but still gained nothing.

A colleague handed me dozens of phone numbers he had previously called: Let's try with dead horses as if they were live.

I got through to a few, and one said: There's a storefront for sale, can you help me post it?

Ten minutes later, I arrived at the owner's home.

The house wasn't big, filled with books.

The computer was on, and she was reading "Chán Theory."

I'm familiar with Chán Theory, so we chatted about stock trading, and I recommended her a book called "Bandit Untangling."

She suddenly put on glasses and took out a large notebook: That storefront isn't easy to sell for 5 million.

I have 20 more properties; let's list them all.

She turned around and took out a pile of property certificates.

I opened a few, but the addresses were wrong.

She smiled: Sorry, I took the wrong ones! Then she turned around and took out another pile—this time the addresses matched, all were nearby properties. Exactly 20 sets.

I felt a surge of joy inside; finally, I wouldn't have to go for education.

After taking pictures, I told her: Soon you'll receive a lot of messages. Then I went back to the store and divided one set to each colleague.

I suddenly worried: Will the owner be annoyed by receiving so many messages?

A buddy next to me, without raising his head, said a sentence that I remembered for 5 or 6 years.

He said: Maybe he really enjoys this process.

Later I thought, that afternoon, she might have been happier than I was.

Next episode, friend buys land $BNB

Episode 6, "From Steel Factory Worker to Cryptocurrency Veteran: How I Went to Zero Three Times"

The first time I heard about Bitcoin $BTC was in 2013.

At a certain satellite TV station in Shenzhen, there was a guest with a slicked-back hairstyle and an intimidating presence.

He talked about some of his investment philosophies.

I can't remember if he was Shen Nanpeng or Mai Gang, but that image has stuck with me until now.

Since then, this Bitcoin has planted a seed in my heart.

But you know, people are always like this—once the seed is planted, they forget to water it.

It wasn't until 2019, nearly seven years later, that I truly understood what it was and saw the logic behind it.

At the moment I understood, I was dumbfounded.

This thing is designed so intricately.

I kept watching and scolding myself: What have you been doing for the past seven years? You've completely missed such a great opportunity for seven whole years!

Then I made a decision: to go all in with all my remaining cash.

What I thought at the time was: I'll hold, I'll be a holder.

This thing is so good, just holding it is enough, how hard can it be?

On March 12, 2020, in the afternoon. My account assets were halved. I stared at the screen, thinking: This price is beautiful. Is it at the bottom? Then I leveraged up.

Looking back now, that word 'beautiful' is the most expensive term I've ever said up to this point.

Many principles, I did not understand at the time.

Later I realized: Once you leverage up, you are no longer a holder. You are a trader. Traders must never think of themselves as holders.

Then, in the middle of the night, it dropped by half again, and I sold ten thousand OKB to add margin.

JD.com could still lend me 40,000, but I didn’t know why I borrowed it. I had just paid it back a few days ago, and I basically got liquidated at around 4200.

There was no room for recovery, completely going to zero.

I stood up and walked to the window, not going downstairs directly to buy cigarettes.

It was almost dawn, and there was a stall downstairs selling noodles that had already started steaming.

I went downstairs and had a bowl of noodles. 7 yuan, and after finishing, dawn broke.

I told myself: As long as I can still afford noodles, I can still live.

In the next episode, a real estate agent. Dressed in a suit, handing out flyers at the entrance of a community. That was my way of surviving after being liquidated.

Episode 5, "From Steel Factory Worker to Cryptocurrency Veteran, How I Went to Zero Three Times"

Earlier I mentioned that I failed my postgraduate entrance exam and lost my job, that was my first time going to zero. With 1500 yuan I borrowed, my childhood friend and I started a business together. After more than three years, the company grew to over 30 people, but we failed to raise 20 million, teaching the investors that they turned from various partners into competitors.

This was around 2017……

Have you heard of the reservoir? I forgot when I joined.

Once upon a time——the largest real estate circle in China, I stepped into the pit of real estate there.

Once I wrote an article there discussing funding costs, multi-core, and zero bills. As a result, the comments section exploded, with many people calling me 'master'.

The big shot known as "the largest landlord of the reservoir" took the initiative to contact me and said: You teach me about funding operations, and I’ll teach you about real estate knowledge. I said, okay.

At that time, something significant happened in the real estate circle——the leader of the reservoir, Ou Chengxiao, directly led the reservoir team to Chongqing to buy at the bottom, gaining fame in one battle, and the entire real estate circle went crazy!

We had already lost the best timing in the financial company, and since we had touched the real estate circle, let's go for it!

But unfortunately, with poor skills, we strayed off course——didn’t do well with property ownership and ended up starting a sub-letting company, genuinely became a sub-landlord.

What happened in those years? Not only did I not make a penny, but I also faced the mask crisis, suffering a devastating blow!

Think about it, dozens of houses couldn’t be rented out, and I had to pay the landlord rent on time every day, not a penny less; while the tenants who had moved in couldn’t afford the rent, and the utilities were delayed, some even ran away with their buckets.

What was the worst? I spent 100,000 on renovations for each house, intending to relax and collect rent, but the end was nowhere in sight, and all that renovation money was ultimately wasted, given away to the landlord for nothing!

To be honest, I believe I have no regrets towards all the owners and tenants.

This sub-landlord industry, compared to the financial company I did before, is simply painfully exhausting to the bone——before I was the master, others sought me out; now, well, the tenants are the masters, and I have to appease them.

When I was at my lowest, fate gave me another chance and a much bigger pit.

Next episode, 312. The night that made me go to zero for the second time.

Episode 4, "From Steel Factory Worker to Cryptocurrency Veteran: How I Went to Zero Three Times"

I spent three months personally teaching my opponent how to take me down.

In the last episode, I mentioned that we collaborated with that investor.

One was anxious about business, the other was desperate for funds; the first thing to do in the collaboration: teach them.

Our business logic, customer sourcing, risk control measures, all the dark secrets... Three months, with no reservations.

We built the system together, ran the processes together.

What I thought at the time was: since we collaborated, we are family.

Family, what is there to hide?

Looking back now, I was really naive at that time. But back then, I truly wanted to accomplish something.

Yet fundamentally, we were not on the same path.

They had a merchant cooperation mindset: invest money, control risk, sign contracts with numerous merchants. The core is to manage risk well, only earning interest. Stable, worry-free.

We came from a different background: starting with cashing out phones, having seen all the dark sides, only trusting direct sales. We wanted to be our own merchants, earning the difference between wholesale and retail of phones, while also earning interest. Everything had to be in our own hands.

The essence of our conflicting philosophies had already written the ending of parting ways on the first day of collaboration. At that time, I was unwilling to believe it.

What happened to them later?

The facts proved that their thinking was correct; they are still in that market now, with annual profits exceeding 100 million.

As for us? We scattered.

I spent three months personally teaching my opponent how to go further.

As for myself? Starting over.

But you know what? I don't regret it.

This taught me one thing: you can't think you can earn all the money. Some money is destined to belong to others. The only part you can earn is what you truly understand.

In the next episode, more exciting

I dove headfirst into real estate investment, playing the leverage game. That was the closest I ever got to turning my life around, and also the closest I ever came to the abyss.