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.

Can’t hold yourself back and want to play with $TUT? It’s best to take a cool, calm breather first.

Do you have to pay taxes when trading coins too?
Getting into crypto has been defined as disrupting public order and good morals—like being a side chick or cheating with a mistress.
Bitcoin isn’t currency, and the nine ministries explicitly banned it.
But sorry, never mind what people said before. From now on, if you make money trading coins, you still have to declare it under the tax law.
It’s just too late—I missed the window; after round after round of policy crackdowns, I’m already wiped out 😂

Investing is essentially betting on people—and you have to mull that over too. If everyone wants to invest in Liang Wenfeng and Wang Xingxing, then won’t there be room left for us?
So better to place our expectations on the track: on the market’s development, or else to bet on innovation and technology.
Betting on people is the least reliable thing of all. If you trust someone, they’ll give you a lesson.

AMD’s biggest problem isn’t that it doesn’t make money—it’s that it has spoiled investors.
The first time you got 90, everyone thought, “Wow, you’re amazing.”
Later, people started believing that you should score 90+ every time.
So when you got 90 again, everyone felt it was kind of average.
This earnings report from $AMD.US is just like that.
Revenue grew 50%, and the data center business surged 107%—put in the past, that would absolutely be a knockout.
But now the market isn’t just looking at whether you grew; it’s looking at this instead: can you keep surpassing expectations, again and again, and keep making everyone go “wow”?
The AI boom has moved into its second half. Investors aren’t buying today’s profits—they’re buying the miracles of the next few years.
So if AMD’s stock price falls, it doesn’t mean the market isn’t optimistic about it. It means the capital market has shifted from believing the story to the stage of verifying and cashing it out.
Back then, being excellent was enough to make the stock rise.
Now, excellence is only your ticket to enter—you have to be outstanding, even jaw-dropping.
If you want the stock to keep rising, you must prove again and again that you can still create miracles.
Otherwise, the price will definitely keep sliding.

To make money in U.S. stocks, you need to change your thinking. Even if you’re trading U.S. stock options, you still need to choose contracts with trending, oscillating price action.
Before, it was just buy AI with your eyes closed.
Buy semiconductors, buy memory, buy AI servers—buy the whole industrial chain.
It really made money. Anyone connected to AI could easily start from a tenfold gain.
But that’s not the case anymore. Because semiconductors are starting to cool off, yet the capital hasn’t left U.S. stocks.
Where did the money go?
It went to cloud storage, software, consumer sectors—even traditional companies like Apple and Coca-Cola.
What does this indicate?
It doesn’t mean the market doesn’t believe in AI anymore; it means the market has started to calm down.
Valuations for GPUs, chips, and servers are getting higher and higher, and the prices have gone through the roof. Then you start thinking:
Who can truly use AI to improve efficiency?
Who can turn AI into profits?
Who has stable cash flow?
That’s when you notice: when chips pull back, cloud computing takes over; tech stocks split up, while consumer stocks rebound.
This is actually a very normal step in a bull market:
From chasing expectations to focusing on performance.
In the future, U.S. stocks may no longer be a “buy one sector right and everyone goes up” kind of market.
It will likely be index consolidation, sector rotation, and stock-by-stock differentiation.
If you want to make money, you have to learn. It’s not about always chasing the hottest concepts. Instead, when the market switches gears, you need to understand where the money is headed next.
The big direction for AI may not be over, but the era of “buy AI blindly” has ended.
What comes next is competing on understanding the industry—not chasing hotspots. So forget the U.S. stocks you think you already understand.
Go learn about truly valuable, undervalued companies. I suggest you go take a look at $AMZN , $GOOGL.US , and the like—those are absolutely worth researching more than memory.

Bitcoin can’t really rise right now—the biggest problem isn’t that nobody is buying.
It’s that once people buy it, they just hold it with no real use. This story is too unsexy. 😅
Why is gold valuable? Not only can it be stored, it can also be used for jewelry, industrial raw materials, and even worn to look cool.
What about Bitcoin? Most people only do three things: buy, hold, and wait to get rich.
But BTC has the strongest global consensus and the highest security—yet most of this huge value hasn’t truly flowed into the on-chain economy.
That’s what the Bitcoin ecosystem has been trying to solve: how to turn BTC from “digital gold that can only be stored” into “a financial asset that can actually be used.”
If this succeeds, Bitcoin can reach $200,000.

Previously, to get BTC into DeFi, you needed wrapping, cross-chain solutions, and trust in third-party custody—trust costs were too high. <c-1/>@BabylonLabs_io <c-1/> Babylon Trustless Bitcoin Vaults (TBV) is trying a new path:
Use native BTC directly as collateral, and bring it into on-chain applications. No wrapping, no cross-chain, and no trusting centralized intermediaries. With TBV, you can lock up native BTC as collateral and borrow money in DeFi to perform all kinds of financial operations. Now TBV has already launched native Bitcoin lending tests related to Aave v4, connecting BTC liquidity to the Ethereum ecosystem for real.
The changes TBV brings are very direct:
BTC is no longer just an asset lying idle—it can also be used as financial infrastructure;
It uses native BTC, not wrapped tokens;
Self-custody—your keys, and the coins are yours;
Not relying on centralized intermediaries—over the past decade-plus, Bitcoin has turned the “digital gold” consensus into reality.
The key for the next stage is: with so much BTC value, how can it truly participate in the global on-chain economy? This may be the biggest imagination space for the future of the BTC ecosystem—and also where <c-1/>$BABY <c-1/>#BABY really has a story.

Mining this content in the square is truly a genius design 🙃
I’ve been sharing purely at my own pace—occasional viewpoints. If someone follows along and even participates in trades, that’s also a kind of acknowledgement of the content.
When Binance Square first started, it was precisely the period when the X KOL boom was at its peak. Trying to get them to move their posts to other platforms—well, that would have meant groveling, but the results would be minimal.
I remember there were people back then who, after being invited by the Square BD to create content, didn’t keep coaxing them and they ended up flying into a rage—saying they would keep making complaints, and even try to smash others’ livelihoods. 😂

So for Square to grow to its current scale, it really has been built step by step, overcoming one hurdle at a time. There’s a saying for it—what is it again? “Hard work makes success possible.”

Now seeing everyone on X at @Yi He , @CZ , giving Square requirements and suggestions—no matter how harsh the words may be, I still think it’s a good thing.

Praise isn’t necessarily real recognition—making suggestions is.
That means they’re truly using it, and that they genuinely hope Binance Square can become even better.

You don’t hate the mouse-trading (pre-funded order) scheme—you hate that there isn’t one for you inside it.
On the surface, you shout for fairness, protection of retail investors, and Web3 ideals; then you turn around and see others getting twice as fat by eating from mouse-trading, and suddenly you feel envious, resentful, and hateful.
So what exactly has caused the current situation? Isn’t blockchain supposed to reduce information asymmetry—to make rules public, processes transparent, and results verifiable?
Instead, it turns out that when retail investors come in now, they’re just taking the bag: one batch gets wiped out, then another.
“Mouse-trading” is a derogatory term, yet everyone is fighting to be the one who does it—truly, society mocks poverty but celebrates prostitution.

Let me tell you how you can make money in the US stock market.
The 30-year U.S. Treasury yield hit a 19-year high—this is the real test.
Forget the index’s ups and downs. What determines the next phase of the market is the bond market.
As the 30-year U.S. Treasury yield continues to rise, it shows the market is starting to worry that:
U.S. interest rates may not fall as quickly as previously expected, and future funding costs will remain high for the long term.
So what does this mean for U.S. stocks?
It’s not that there’s no opportunity anymore—it’s that the market logic has changed.
In the past, driven by stories and liquidity, many stocks could rally.
But in the high-interest-rate era, the market will become increasingly realistic:
Companies without profits will be abandoned, companies with overvalued valuations will be re-examined, and companies that truly make money and have industry moats will receive more capital.
Look at last week’s U.S. stocks—this signal is already showing:
Even though the index is still at a high level, capital is becoming more concentrated in AI, leading tech companies, and high-cash-flow firms.
For what comes next, focus on three lines:
First, AI infrastructure.
Watch:
$NVDA Nvidia
$AVGO Broadcom
$MU Micron
Second, cash-flow powerhouses.
Watch:
$MSFT Microsoft
$GOOGL Google
$AMZN Amazon
Third, wait for opportunities in growth stocks after the interest-rate turning point.
Watch:
$META
$TSLA
In the future, U.S. stocks can still go up—but they won’t all rise together anymore.
Capital will become more selective, moving from “buying dreams” back to “buying performance.”
In the next stage, the key to watch is:
AI computing power + real profitability + strong cash flow.
That’s the most certain direction in a high-interest-rate era.

At this point, the crypto market simply doesn’t need all these exchanges.
The owners of small exchanges are just assholes. The money you rush in with is basically his money—so small exchanges should have long since gone extinct.
The survival environment for tier-two exchanges is also worrying. Not many can withstand a wave of withdrawals, and the issue of users being hacked still isn’t resolved, nor is there any straightforward explanation.
Once the slogan “Why run all over the place—Binance has everything” is out there, where is the room for small exchanges to survive through differentiation?
Unless you’re a platform that has private-domain traffic.

At this stage, only a few leading players are enough.
Their owners are also respectable people. While they’re safe, you also know they have the capability to backstop your assets. Second, they’ve also proven they’re entrepreneurs—at least they’re all pushing forward, unwilling to lose,
for the sake of face too, they wouldn’t do things that go against public opinion.
As for the rest? They’re just there for a common-sense intelligence test. Now that you still put your money in small exchanges, if something goes wrong, there’s no one left to sympathize with you.

Brother Feng truly followed the words he always said:

“In the end, there’s only one thing people will regret: living with not enough courage.”

Failing at all isn’t something to regret, because it means you lack the ability—failures are something you face every day in life. But if you had the chance to invest and still chose not to act, then that’s the biggest loser of all. That’s essentially betting that you’re destined to be mediocre.

So Brother Feng lost a lot—but he lost in a way that was brave enough.

I know that being overly candid will lose its appeal.
Audiences like fictional stories: flaunting wealth, making a fortune, losing everything...
But I have no intention of playing games with others—I just want to be myself.
Free, straightforward, and graceful.

Only a little over a month, and the wind and water turn.
I don’t know, teachers—
do you now remember the goodness of your original family?
Do you miss this shit pit?

Most people’s life main threads are just two things:

Being afraid of being laughed at; and laughing at others.

So many traders have fallen—there’s a reason the timeline is filled with cries of anguish.

Bitcoin fell 50% from its peak in just a little over four months.

SanDisk and Micron (SK Hynix), within a single month, they managed a brutal cut in half.

Everyone in the crypto world can’t seem to adjust to this pace.

So who exactly is the high-risk asset??

They always say the real knockoff season happens in the US stock market, and honestly, they weren't wrong. When it drops, it feels even more like it.

Bought a bit of $SPCX , and the recyclable rocket of China was successful

Stole a bit of stored $DRAM , and China's lithography machine was made

Turns out my position can affect the fate of the country 😂