百研

I think blockchain technology is revolutionary. Bitcoin may be a bubble, but blockchain is definitely not a bubble—it is the real economy. I believe its underlying logic should be the second law of thermodynamics, integrating monetary transactions, contractual agreements, and resource consumption into one unified system. In the future, this will still be developed and expanded to a great extent.

The market is never short of opportunities
Miss one rise,
there is always the next.
Miss one company,
there is another company.
What is truly dangerous is not:
"I didn't make money today."
It is, out of fear of missing out,
starting to lose your own trading discipline.
The market is never short of opportunities.
Happy Labor Day to everyone, may we have a little less FOMO and a little more composure!

People with high cognition usually believe that everything and everyone around them possesses a higher-dimensional understanding.

But when you try hard to blend into the crowd and enter the lower-tier market, you will find that you are not on the same level as them, and they are even more ignorant than you imagined.

What does the ultimate beauty of Shanghai business K look like? I really want to know!

ok, messed around for a few more days, still researching the content and timing of the livestream. If there are friends who are usually around the square, please say something.

Binance can now open subscription communities!

I’ve set up a fans’ Q&A group for 9.9/month.

Starting tomorrow, I’ll go live to explain some technical knowledge and share what I’m trading that day.

Longchang’s Enlightenment is basically

One day you feel smoking is bad, so the very next moment you quit.

You feel that reading is good, so you can lose yourself in it every day,

People are against their own nature—it sounds simple but is hard to do. Trading is the same: reach unity of knowledge and action.

Today’s single-day gain exceeded 10%; it’s a rare sight.

Top traders compete not on indicators, but on market feel.

Indicators become dull, strategies grow outdated, but “偏印” will not—your intuition for order amid chaos won’t fade. After tens of thousands of rounds of review, you no longer stare at line charts; you see straight through the underlying human nature and the cycles that are running.

Once you have the perspective of seeing the big picture, you’re no longer shackled by profit or loss on any single trade. You only care whether your actions are executed beautifully.

Use discipline to subdue the killing, and use cold detachment to harvest—this is the trading order of “Shi Shen subduing the killing.”

For short-term traders, most of them look at candlestick charts, moving averages, and trading volume. But there’s one thing—every day after the close it’s placed right there, yet very few people actually take the time to look at it. What this article is going to talk about today is it: the volume-by-price chart. Once you figure it out, your understanding of support and resistance will be completely different.

The first principle behind what mediocre people learn is to hoard information, not to build cognition.

The first principle behind hoarding information is to alleviate the fear caused by ignorance, not to enhance one’s ability to solve problems.

The first principle behind alleviating fear is to obtain the illusion that I’m getting stronger by possessing knowledge, not to produce value.

The first principle behind gaining the illusion is to refuse to acknowledge one’s own inefficiency, not to truly understand logic.

The first principle behind refusing to admit inefficiency is treating the total amount of input as the speed of evolution, not as being outcome-oriented.

For most people, the essence of learning isn’t progress—it’s using piles of informational clutter to mask the barrenness of the logical core.

Bitcoin has had 32 halvings,

but only 4 have happened so far.

The two most important halvings are about to come.

People with low self-awareness want emotional value.

If you go along with them, coax them, and flatter them, they’ll feel comfortable.

But if you tell the truth—realistic truths, talk about interests—they’ll end up resenting you.

Because in an emotional, reactive process, thinking is never required.

In China, as long as you tell your parents that you plan to trade stocks, 99% of the time they will oppose it.

Why do they oppose it?

Because in their decades of experience, “you don’t see many people get rich trading stocks; most of the time it ends in losing everything.”

Chinese parents just want you to be sensible and lock in a time deposit at the banks’ interest rate of 0.95%, among the three major banks.

Dilute their principal slowly over time.

90-90-90 Rule — 90% of beginner traders will lose 90% of their capital within 90 days.

Many veterans advise new entrants to start with only a small amount, because they know you’re very likely to wipe it all out and pull the risk capital. Bankruptcy isn’t the end; it’s only the first lesson on the road of trading.

Along the way, you’ll want to beat the market,
thinking you’ve seen the patterns through,
only to be severely taught a lesson by the market,
feeling that the market always has a way to make you lose money.

The whole process is like climbing a mountain of blades—every step is pain and torment.

But it’s also through this process that you learn discipline, rules, emotional management, and risk control—and ultimately become one of the very few who never give up and truly reach the top.

Bitcoin cycle bottom patterns:

2018: $19,800 → $3,200 (-84%)

2022: $69,000 → $15,500 (-78%)

2026: $126,000 → target $40,000 (-68%)

Current status has already fallen by about 50%
If the historical rhythm repeats, there may still be room for downside,
Bottoms are usually formed when the market is most desperate.

Seize the opportunities in the future three months for cryptocurrency,

Maybe in the future you can work less for decades.

Trump Media has been making frequent moves recently, and reports say it has transferred more than 2,600 bitcoins to the Crypto.com exchange. The news indicates that the company has moved out about 7,281 bitcoins this year and currently still holds about 4,261. Market analysts estimate that the realized and unrealized losses on its bitcoin investment could be as high as $555 million, drawing significant attention from the market.

As long as you want to get into the zone, whatever you do, don’t stay at home.

A common misconception is thinking that being at home is quiet and comfortable. But what is home? It’s a place for sleeping, resting, and fully lying flat. The natural “field” that comes with it isn’t meant for focusing and studying.

As soon as you try to stay disciplined at home, the usual outcome is only one: your daily routine completely falls apart, and you end up extremely scattered, anxious, and totally off your game.

Push yourself to go out! Go to Starbucks and get an Americano; or go to the library and find a corner with the right atmosphere. Or, if nothing else, take nothing with you—just go for a walk by the lake or by the river, and feel the fresh, living air among people. Anything is better than staying in a lifeless room by yourself—by a thousand times.

Switching your physical environment is the only switch for resetting your state.

Stop scrolling on your phone on the couch. Now—right now—put on your shoes and go out.

It’s been so long, and I feel the most absurd thing in the crypto world is this:

When someone loses 100,000:

“The market is too shady.”

When they make 10,000:

“I’ve found enlightenment.”

When they make 100,000:

“I’m going to trade professionally.”

When they lose it all back:

“This market can’t be played.”

Actually, the market has never changed.

What changes is people’s emotions.