Well, the market has recently seen a continuous decline. Today, a WeChat friend expressed to Rhino that he had blown up his account and was feeling particularly lost and distressed, not knowing what to do. I think many of the fans and brothers might feel the same way. I’m not great at comforting people, but I understand this feeling that is etched in the bones because I have also experienced bankruptcy and debt. So, I can only share a segment of how I got through it for mutual encouragement. In October last year, Trump was about to take office, and the Federal Reserve welcomed a rate cut after several years, leading to a small bull market. Many altcoins surged. Within two months, I also earned a profit of 950,000. At that time, I felt extremely inflated, thinking that Buffett was just okay and that an unprecedented cyclical bull market was coming, just like the last cycle's crazy altcoin season. So, I swiped my credit card to increase my funds to buy junk altcoins, thinking I would sell them off at the end of the bull market to pay back and make a big profit. However, when the market began to decline, I couldn't wait to buy in, and when a big drop occurred, I had no money and even used my credit card to try to lower my costs. The result was that Rhino got a super invincible big surprise. The market fell from December to April of the following year, and during the long bear market, I increased my positions against the trend, unwilling to accept losses, and the thought of trying to break even occupied my mind until the price dropped significantly, and with almost no capital left, the hope of breaking even was gone. So, I sold my spot holdings to leverage in contracts to try to buy the dip. Unsurprisingly, I quickly blew up my account and lost everything during the continued market decline. In half a year, I retraced 2.7 million, with 1.8 million of that being principal lost, leaving me completely broke. This plunged me into extreme pain and confusion. At that time, I thought, at 31 years old, with no house, no car, no savings, and not married, I had nothing. Life felt like a complete failure. What was even more desperate was that I had no principal to turn things around. The road to breaking even seemed distant, and the sight of the difficult circumstances I would face in the coming years filled me with endless confusion and extreme despair. It felt like a sudden heart attack, and I had lost to the point of being unable to lose anymore — the pain was etched in my bones. After that, I paused for a while and reflected a lot, especially, especially a lot. One day, a credit card payment was due, and having no money, I used another card. Afraid of not being able to withdraw later, I decided to max out the limit, paid it off, and had over 10,000 left, which I exchanged for 1,500U. With this 1,500U, I didn't know how many times I would need to multiply it to turn things around in spot trading. Clearly, I had to reluctantly start my true contract journey. I used to be very afraid of leverage and contracts because I often heard that you could win 99 times, but if you lost once, it was all gone, so I never dared to touch contracts. But with little capital, I had no choice but to embark on this path, continuously exploring and learning. I was very fortunate to discover that contracts were where I excelled and had talent. When I had little capital, I was almost invincible, winning battles without loss, making small profits for a long time. Suddenly, I started making some money, and that feeling was like rain after a long drought. This gave me great confidence. I made 20,000 to 30,000 from the 1,500U and withdrew it to pay off my credit card. In the meantime, I blew up the remaining 1,000U again, then continued to add 1,500U. Over 10,000 came in, and I continued to push forward. This was the last time I recharged. From that time until now, I have not recharged again; I only withdraw every month. The process has been fluctuating with small losses and large gains, which has been relatively smooth. By July 15, 2025, I registered a commission account, and the old account was paused. At this point, the old account ultimately settled at a profit of 77,000U, while the current commission account has earned 660,000U. Adding the profits from Binance and K-Line, I made 1.24 million and 500,000 respectively, and earned 950,000 from Ouyi contracts. Therefore, since registering this commission account over 200 days ago, the total profit has accumulated to 7.3 million, plus the old account, roughly around 7.84 million in profit. From 10,000 to over 7 million, from a monthly profit of one or two tens of thousands to one or two hundreds of thousands, the profit curve has continuously stabilized and risen. From a state of having nothing and despair to turning things around, it took just half a year. I have shared all of this in my past posts. So, I want to tell those who are feeling lost that the crypto space is full of magic, and miracles can happen. No one starts off sailing smoothly forever. The road of trading is destined to be filled with thorns and difficulties. So, being low now does not mean the future will always be bad. Work hard, give it your all, do not borrow money to play, do not go into debt. Each time, try with small funds, and do not recharge more than 10,000 because even if you experience countless explosions, the damage is manageable, and you can still have the courage and opportunity to start over through a little accumulation from work. But once you borrow money, once you go into debt, once you lose everything, you may face endless debt repayment with no chance of turning things around. We invest to improve our lives and our situations, so use spare money and do not let it affect your life. Do not lose sight of what is important. Regain confidence, work hard, and find a path that suits you. Brothers, I wish you all the best.
2025 Annual Summary: Looking back on this year, it feels like I had a very long dream, incredibly surreal, with a plot more dramatic than a novel, extraordinarily exciting. This year, I experienced the most significant setbacks and turning points in my life. Devils and angels coexisted. In the first half of the year, profits soared to 950,000, only to plummet to a loss of 1,800,000, experiencing a massive drawdown of 2.7 million in just six months. The pain, anxiety, and confusion during this time are known only to heaven, earth, and myself. In the second half of the year, through 10,000 of trial and error and constant reflection and summary of practice, I achieved over 5 million in profits, entering the ranks of smart money and top traders, 500 times. I only took half a year. Looking back at my former self, I was simply a big fool. But this also indicates that my understanding and trading abilities have greatly improved. I learned how to trade well, how to manage myself, and to repeatedly execute profitable trades within my circle of understanding while continuously expanding my capability through learning, reflection, and summarization. From then on, regardless of bull or bear markets, my capital began to grow steadily. This year is destined to be one of the most memorable years in my life and will change the trajectory of my future life. I am very grateful to Mr. Market for teaching me this lesson of 2.7 million, which allowed me to learn a lot. I enjoy the feeling of improving and getting stronger every day. This feeling is intoxicating. Wishing well for 2026.
$AKE entered first and immediately had a 35% plunge drawdown washout; the money I was tricked out of, AKE, help me get it reimbursed. I sold too early and missed it—I'm going to file a complaint!!!
$BTR Last night I was tricked out of 6000 dollars. The Moon God called me a dumbass. Today I feel like I didn’t learn the chain well enough—my skills aren’t good. This round of BTR also didn’t make much money, and the Moon God still called me a dumbass. I’m getting insulted twice in one day. The sky is falling. I’ll be fine again. I’m going to call him a fat bastard, though. But last night I got scammed—he really cared, helped me analyze everything, and helped me avoid getting tricked out of even more money. And it also made me more clearly understand the scammer’s scheme. For that, I’m really thankful to him @月半啊月半
Last night I went through a scam where the fraudsters “dumped and escaped the order book” on Telegram (TG) — I was cheated out of 6,000 USDT. I think it’s necessary to share what happened to help prevent more people from falling for it. Here’s how it went. A couple of months ago, I met a person I’ll call “Brother Suo” and added his TG. Last night, the two of us chatted about recent trading. Then the fake “Brother Suo” asked me whether I had any Ethereum spot. He told me to first transfer some to him to use, and that later he would transfer it back to me. I said I don’t have any spot, I don’t hold any — I only trade futures. Then the fake “Brother Suo” said, “Then transfer me a few thousand U first. It’s urgent.” I agreed. I asked, “Can it be 2,000 U?” The fake “Brother Suo” replied, “3,000 U.” So I transferred it. After he received it, he asked again that I was short by a bit, and asked me to transfer another 3,000, and he would return it to me at 0:00. I didn’t say much and just transferred it. Finally, after I received the money, for the third time he asked whether I could make it up to 10,000 U. He said it was urgent, so he needed to “make it full.” At this point I already felt something was off, because normally he wouldn’t ask again and again like that. Why didn’t he just ask for 10,000 the first time? If he kept asking like this, it would mean it wouldn’t stop after this transfer. So I refused, saying that futures trading needs to top up margin — I needed to pause and ask “Fat Brother” first to confirm whether Brother Suo’s TG account had been compromised. When I transferred the second time, I actually had a slight suspicion already. But when I checked the past chat history, all the historical messages were still there. I thought, maybe Brother Suo’s account was fine — we’d been chatting on and off for several months. After I asked Fat Brother, and Fat Brother contacted Brother Suo by phone, it turned out there was a problem. Analysis shows: the very earliest TG I added was actually the real Brother Suo’s TG. But that TG had already been stolen earlier. That means the scammer could log into my TG on other devices. Last night I also saw two login locations. Both were in Thailand. That same night, in the early hours, the scammer deleted the chat window between me and Brother Suo. Then he created a fake “Brother Suo” account with the same avatar (with a red “1” added — basically a TG scammer tag indicator), and also changed to a username that was basically the same. The only difference was that the letters were I vs l (capital i and lowercase L are almost indistinguishable). Then he copied and synchronized the conversations between me and the real Brother Suo into the fake “Brother Suo” account. Because the fake Brother Suo account was controlled by the scammer, and my account could also be freely logged into by the scammer, the two accounts could send messages back and forth automatically. For the past two months, I had been chatting normally with the fake Brother Suo account for two months — I never noticed anything wrong. So when I made the transfer last night, I didn’t suspect anything either. I could still see the prior chat history. Only on the third transfer did I start to suspect something. In the past conversations, the fake Brother Suo acted like a “relay” to pass messages. He had even chatted with me for months. The scammer really laid a long line to catch a big fish. So this is a very classic scam — everyone should take it as a warning and avoid being fooled. Be careful when transferring money online. Even if you must transfer, verify from multiple sides and don’t be careless. Also, if you use Telegram, you must remember to enable two-step verification. When you log into a new device, you need to enter your password — it will protect you much more.@alert的会所 >
$牛来 This morning, this guy who bought 1.01 million USD worth of BTC—he probably isn’t running a wash trade scheme. He must have known about the today’s futures contract in advance; otherwise, how could it be that coincidental? He bought in the morning, listed it in the afternoon. Besides, today is Sunday. He asked the Binance staff to work overtime to get it listed. Right now, he has transferred it to two other new wallets. I don’t know if it’s because he’s feeling guilty or guilty-concerned.
Many people who enter the crypto world actually don’t really understand the basics—like on-chain private keys and public keys, the major public chains, exchanges, and wallets, and how they relate to each other. I also spent a long time not being sure how they connect. Today, it’s the weekend with nothing much to do, so I’ll use a simple and intuitive analogy to explain and popularize it: Private keys and public keys are actually just long strings of characters. In simple terms: private key = bank account password, public key = bank card number. The major public chains = different banks (for example, the Bitcoin chain = China Bank, the Ethereum chain = Industrial and Commercial Bank, BSC Binance Chain = Construction Bank). Exchanges = money changers for asset swapping. Wallets are divided into hot wallets and cold wallets. The difference is whether they are connected to the internet. If they exist on networked devices like phones or computers, they are hot wallets. If they are stored on offline hardware devices that need to “handshake” with the outside world using QR codes or Bluetooth, then you must press the signing action on that hardware to transfer assets. A wallet like the keyPal wallet sold by TP Wallet is a cold wallet.
$Niu Lai With such high taxes, if you buy and lose 1%, then sell and lose another 1%, would anyone really be that stupid to trade frequently? If you make dozens of trades, your principal will end up losing everything. In the long run, trading volume will definitely decline. Just wait for the “cabbage” folks to react.
$SPCX Yesterday sold the position that made 90% of the gains go away, huge loss, it's all over the place—Sandisk's losses are huge. Rocket, help me get reimbursed.
$SPCX Blue Sky Rocket Zhuque 3 is awesome. China’s commercial spaceflight land-recovery technology has succeeded. Tell me—will there be anything for Musk to do anymore in the future? The first on the whole internet to say it. Space can be set to zero.
#牛来 is about to go check out this movie and see how bad it is—it's gone completely backwards viral, and it’s been on all sorts of news trending searches.
#牛来 Goodness, why didn’t anyone tell me? A couple of days ago, I was mocked for watching the movie 《牛来》, whose box office was only 7,000 yuan. Its market value has now soared to 121 million, up by a thousand-plus times. I didn’t notice in time—I missed the feeling of making a fortune. Now even bulls, sheep, and leopards are out
$HFT is so damn exciting—first I made $3,000, then a dog pool quickly pumped it up by 85%. I reached a maximum loss of $13,000, and in the end I even made back $5,700 by the close. In the last half hour the dog pool couldn’t manage to push the index up—could it be that the original project team dumped spot? If so, this dog pool is going to be in serious trouble, losing badly. The volatility is way too high; it’s not really recommended to play—most people can’t handle it.
$BTW What the heck is all this? It dropped again. Luckily I didn’t hold out; holding out gets you hit. Tonight I went short on CXMT (Changxin Memory). US stocks for memory also dropped a lot. I’m betting that CXMT will catch a falling knife and drop further. And today’s trading volume—140 billion RMB?—was just too big. Tomorrow it won’t be able to maintain that level of volume. Some of the capital that entered today and has T+1 settlement can’t sell. Tomorrow it will definitely flow out. Let’s open a position and give it a try.