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.

Chinese people have a very strong voice in the crypto market.
It’s also one of the few areas in the global financial market where Chinese people can play a deep role in shaping the rules and compete on a global scale.
Some people don’t want to see that, and there have been plenty of targeted crackdowns.
Even Musk, for all his wealth as the world’s richest man, has used his influence to make money in the crypto world. Tesla also made considerable gains from investing in Bitcoin, and Tesla and SpaceX still hold large amounts of Bitcoin.
Competition among our exchanges is fierce. Beef and business wars are commonplace.
But when something goes wrong, few people gloat. Even bitter rivals will lend a hand.
Because when any major exchange goes under, it’s a disaster for us and for the entire industry.
That’s not just human decency shining through; it’s also because our interests are intertwined.
But when the industry faces a major security incident and market confidence takes a hit, Musk keeps making mocking remarks. It’s hard not to think he’s acting maliciously.
You may be the richest man in the world, but you can still make mistakes. Even the greatest entrepreneurs have their own little agendas and can go too far.
When the crypto market is going through a tough time, making remarks like that one after another is simply ungentlemanly.
Put bluntly, you’ve made your share of money in this market, haven’t you?

It’s clear that crypto’s wealth effect is still the hottest draw. The only difference is that it’s not attracting retail investors, but all kinds of token launchers, malicious market makers, people scheming to build hidden positions, signal callers looking to fleece their followers, rug-pull project teams, and hackers of every stripe.

Ever since Mt. Gox, exchange hacks have become a problem the industry can never completely avoid.
Fortunately, the industry has grown, and exchanges are now capable of dealing with a theft of this scale.

I looked at how much my assets had shrunk. For those of us who hold spot assets long term, it’s still pretty manageable. Especially since the industry embraced TradFi across the board this year: our portfolios now hold quite a bit more U.S. stocks and gold, which has also helped spread out the downside risk.

This seems to be a thorny issue that the crypto industry has never been able to fully resolve. Someone once asked me whether the impact of quantum computing and AI would affect the security of cryptography and blockchains. I said I didn’t understand the academic details, but logically speaking, technological advances bring new ways to attack, while also giving the industry stronger defenses. This isn’t unique to crypto.

But I do have a few thoughts that go against the grain.
First, a lot of people have said that keeping funds in a wallet is less safe than keeping them on Binance, because many people can’t live by “Not your keys, not your coins.” Driven by the victim mindset, what many people want isn’t absolute control over their assets, but the assurance that “the exchange can reimburse me in full.”
As for Binance, it can fully reimburse the stolen funds, so there’s no need to panic too much.
As for the market falling due to the ripple effects, it reminds me of how, not long ago, many people still didn’t believe the bear market would give way to a bull market, because there hadn’t been a black swan event yet.

That’s the habitual way of thinking we crypto folks have developed from years of hardship: unless we take a hard hit, we won’t believe the industry has risen from the ashes once again.
So, can we safely buy the dip now? 😂

No one wants to see a security incident in the industry. But since one has happened, and Binance can fully reimburse the losses, I wonder if there might be a positive side to it too.
Whether it’s the biggest exchange or an individual, a major upgrade and a moment of reflection often need an event to set them in motion. Every time the industry goes through a major risk event, it emerges more alert and more resilient.

Don’t think the sky is falling. That’s just how crypto is: nothing can kill Bitcoin. I’ve always believed that.

It’s like how, after someone gets a severe case of the flu, their body undergoes a deep repair, their immune system and metabolism get an upgrade, and they develop stronger antibodies.

At last, it’s all over. Thanks to all of you for believing in me—I’ve been able to make progress.
The competition really was fierce this year.
I don’t think everyone cared that much about the award itself. Rather, I think we all genuinely felt how hard it was to make our way along our own paths this year.
Only you know what you went through on every difficult night.
No one is targeting anyone else—we’re all just doing our best to protect what we hold dear.
Thanks to everyone who voted for me, and to all the brothers in the livestream who helped drum up votes for me 🙏🏻

I said last year that trophies and honors are only temporary in the end. But if you truly believe you can do it, then go out and make something happen. Next year could open up a whole new world.
All right, this year’s Top 100 voting has ended, and next year’s voting officially starts now.

Lately, I’ve been canvassing for votes in the @风哥不吹牛 livestream while trading with Feng-ge too. I’m getting the best of both worlds 😂 I feel a little embarrassed.

Google and Microsoft report earnings tomorrow.
I feel like they’ll say something about AI monetization accelerating, beat expectations, and—along with dovish remarks from the Fed—it’ll finally be tech stocks’ turn to rebound, which could then lift the crypto market.
That would be a pretty good script 😂

Has the crypto market improved?
I think it has. Compared with last year, things are actually much better this year.
Last year, many new coins listed on Binance were basically just giveaways. Project teams felt that once they got listed on Binance, they had achieved the highest honor, and they didn’t care at all about post-listing performance. There were even cases where market makers only sold and never bought, which led Binance to step in and investigate multiple times.
This year, Binance’s spot listings have become noticeably more cautious. I’ve even heard that for some projects that already got an offer, the listing time still hasn’t been confirmed. Project teams can only gradually shift their attention toward Alpha+perp.
From the recent performance of DNA and AXIS, those who rushed in at the time of listing all made money, at least the new coins pumped.
New projects can show the market that there are opportunities, and naturally everyone’s enthusiasm comes back.
Although the crypto market was hit by TradFi this year and a lot of capital was diverted.
People still have expectations for TGE projects like Predict, and sentiment is no longer at the bottom.
In fact, what the market needs is not just BTC pumping; it also needs to make everyone believe again that there are still worthwhile opportunities in crypto, after all, people come to the crypto market to chase high-multiple returns.

Everyone in crypto has experienced the illusion of thinking they can keep making money forever.
So when you're making money, stay humble and remember that no one can be lucky forever.
The easiest mistake to make is to mistake a period of high returns for a lifelong ability to make money.
But a person's golden earning years are often very short-lived.
Circumstances change, markets fluctuate, and you get older too.
Always keep the mindset of cashing out at the top.
When things are going well, don't get lazy, show off, or become complacent. Put all your energy and focus into making money steadily.

Life is a lot like the stock market: you need to cash out while you're at your peak.

When you most want to express yourself, leave behind more of your work.
When your hormones are surging and you're most sexually active, have more sex.
When you still have energy and a sense of adventure, go travel.
When your parents are still alive and your family is getting along, spend more time together whenever you can.

The easiest mistake to make is thinking that when you're at your peak, you'll stay there forever.

Hongguo has already made feel-good dramas tailor-made for Didi drivers. The beautiful women in them are all clamoring to marry dependable, family-oriented taxi drivers 😂
Tittytainment has truly evolved—no industry is immune to being fed dopamine.
Every working class has its own information cesspool, where it gets soothed just for them.
Society used to rely on QVOD to stay stable; now it relies on Hongguo.

Think back to what I said then, and look at what he did later.

Why is everyone talking about U.S. stock earnings lately?
Most U.S. companies report their results quarterly, so the weeks following the end of each quarter are when earnings reports are released in bulk.
Early October through early November is earnings season for the third quarter. With major companies reporting around the same time, it’s only natural that there’s more discussion.
Tesla and Meta have already reported.
Meta’s revenue grew 26% year over year, showing strong momentum. But it’s also continuing to ramp up its AI spending, and free cash flow turned negative this quarter. Investors are looking beyond how much the advertising business made—they also want to know what kind of returns Meta’s massive AI investments will deliver in the future.
Tesla’s situation is different: its automotive gross margin has recovered somewhat, and there’s been new progress on FSD and Robotaxi, but revenue was largely flat year over year. Whether its share price can continue to support its high valuation will depend to a large extent on whether future businesses like autonomous driving and robotics can deliver on their promise.
Next, tech giants like Microsoft, Google, and Amazon will report their results in turn. What everyone is really watching is whether AI investments can translate into actual revenue and profits.
During earnings season, the key isn’t just whether results are good—it’s whether they beat market expectations and whether future growth can materialize. Headlines alone don’t tell the whole story; it’s easy to get swept up in market sentiment.
Binance Square has launched a special feature for stock earnings season, bringing together earnings previews, results analysis, and market perspectives to help everyone better understand market movements and inform their trading decisions.
There’s also the
#BinanceOracle earnings-season prediction event. You’re welcome to share your views and make predictions on Square—and you can also cast a vote in the Square Top 100 selection. Thanks, everyone.

A pale yellow long skirt, fluffy hair 😆

I only realized when I saw Tianqing’s post that the top girl had followed me too 🥹 I’ll keep working hard! If we all keep putting in the effort on the platform, we can do it too.

Making investing accessible to all is a long road.
The Nasdaq fell, but the premium on Nasdaq ETFs bought in China went up.
Either you’re limited by quotas, or you have to add to your position at a steep premium.
It seems gold is the only global asset Chinese investors can access with a low barrier to entry.
Everyone here in the community is already a very savvy investor. At the very least, you know how to invest in the Nasdaq at a reasonable cost.
The other investors willing to explore will eventually turn to Web3, too. More people will realize that crypto is a new way to invest in global financial assets like U.S. stocks.

Here's a little trick for getting along with people:
Whenever I meet someone exceptionally talented and admirable, I think, “They jerk off when they have nothing else to do too, right?!”
That thought flashes by, and just like that, the mystique of successful people disappears.
That's how you learn to treat them as equals.
Because we all jerk off, so really, there's not much difference between us.

Everyone else sees panic; I see opportunities everywhere. That's why I lose more money than everyone else.

Today, besides asking everyone to visit my profile and vote for me, I’d like to say a few other things.
People are making such a fuss over one vote. I think everyone on Binance Square should be happy about that, not feel any pressure.

It’s perfectly normal for traders to have opinions about this selection.
What trader doesn’t have a strong sense of independence? They’ve come through the lows and made a comeback in live trading to reach the top again. Who wouldn’t have a little pride? That’s also why people admire them: because we can’t do what they do.
Everyone has their own trading philosophy, so naturally, everyone has their own criteria for judging.

I actually think this is progress for Binance Square.
In the first year of the selection, many people didn’t even know the event existed, so it was very small.
Last year, Binance Square made great strides and gradually developed its own ecosystem.
But the live trading features weren’t as complete as they are this year, so quite a few capable traders hadn’t joined the platform yet. To some extent, last year’s selection was still limited to Binance Square itself.

This year, though, it’s really broken out of its niche.
That’s not just because more and more people have heard of the award; it’s also because the selection is expanding to encompass the entire industry.
I’ve noticed that this year’s live traders include not only futures traders, but also people trading memes.

What does that tell us? That Binance Square has become more diverse and moved beyond its original circle.
Isn’t that a good thing?
Whether people are campaigning for votes or arguing, at least it shows they care about this award. A platform going from being ignored, to getting people involved, to having people passionately debate the selection criteria—that’s growth in itself.
The same goes for Binance Square, for creators, and for the industry as a whole.
So whether people are criticizing Binance Square or praising it, I think it’s all a good thing.
To borrow a line from 一姐@Yi He :
“People criticize you because they want you to get better. Don’t be afraid of criticism—the worst thing is when users can’t even be bothered to respond to you...”

A platform’s progress certainly doesn’t mean making everyone happy. It means getting more and more people from different backgrounds involved, and giving them a chance to speak up for what they believe in.

Compared with an insular group patting itself on the back while nobody pays attention, seeing a Binance Square full of discussion, disagreement, and vitality is absolutely a good thing.