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🔥 Zhao Changpeng confronts Xu Mingxing head-on: A $1 billion bet, do you dare to accept? "You can apologize now. I have officially divorced."
Zhao Changpeng (CZ) has just issued a heavy response, directly addressing Xu Mingxing's previous doubts. Not many words, but each one is filled with gunpowder:
💥 "I usually ignore all false accusations. But this time— you can apologize."
💥 "I am willing to bet $1 billion (or any amount you choose), please have a lawyer verify my divorce agreement."
💥 "If not accepted within 24 hours, it's clear who is misleading the public."
Xu Mingxing's condition for the bet is:
"If he can provide a signed divorce agreement from both parties, dated today, I will immediately publicly apologize."
Both sides have put credibility, money, and legal documents on the table.
This is not just talk; this is to show real money and legal papers.
⚡️ The 24-hour countdown has already begun.
Who will you bet on? See you in the comments below 👇 $BNB
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...
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.
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.
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
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.
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.
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.