$ZEC I'm so fed up with these foreigners. The price is already 1134, and he still says the resistance level is over $500. Do they not even look at what they copy and paste? Do they not edit it? They spam junk all day. People like this should just be blocked.
Young people, never trade crypto full-time, and whatever you do, don’t go all in with leverage. Your job is to work and build your career. Cryptocurrency ruined me! A devastating lesson learned through blood and tears!
$ZEC The contract trading market is just a huge casino. Only people with unusually strong luck can play. Don’t go on about how terrible contract trading is. People still make money on altcoins—it’s just that you’re not one of them. The market is simply set up so that only 5–10% of people make money.
$BTC After all this dumping, the funding rate is still strongly positive. Looks like it’ll keep dropping—dump until the longs capitulate and the shorts pay the funding fee.
I just came across a post—apparently Mi Ge said something along the lines of: 90% of the KOLs on the Square can’t come up with 100,000 yuan. That’s definitely true. I’ve been around for a while, and I started this account pretty early. I used to be really popular on the Square—one of the top creators. A post from me could easily get 100K views. Back then, there were only about 10 to 20 top creators on the Square, including Yan Chi, Jianguo, Uncle Ai, Zhang Zhangzi, Zhao Caishen, Wukong Finance, Sao Ge, and a few others. There weren’t many of us. After I stopped, lots of KOLs gradually showed up, like Frog Brother S, Frog Brother ETH, Big and Little Ming, and Brother Qiu. Anyway, I haven’t paid much attention to the Square in the past year, and I haven’t even heard of many of them. I stopped because it had already become hard to bring in new users. Most of the people who came along later—including the ones I just mentioned—were left picking over the scraps. So basically, the early top creators made money, while it’s now very hard for newcomers to earn anything from bringing people in. Of course, I’m talking about referrals; those who trade for themselves are an exception. That’s why people who just keep analyzing things on the Square generally can’t attract users or earn referral commissions, and naturally they have no money. It’s precisely because they have no money that they need to earn commissions. The technical side of things is actually the lowest barrier to entry, which is why more and more newcomers have appeared. So, in summary: whatever you do, you should always be among the earliest to get in. If you only show up after everyone else has already left, chances are you won’t make any money.