This brother who stole He Yi's WeChat, missed an opportunity to get rich.
If you really took this phone number from the three major telecom operators, you actually gave this WeChat to He Yi, and He Yi would let you suffer? With this number, you can do nothing, and you wouldn't dare to do anything; it has no value for you. Why would you do that?
This brother successfully missed an opportunity to connect deeply with the richest person among Chinese. The scale of Binance today, just shaking off the dust on you, is enough for you to strive for a lifetime.
There are fewer people discussing trading in the circle, while there are more people chatting and bragging.
KOLs are no longer studying how to make money, nor are they sharing valuable insights, spending all day gossiping about relationships and other trivial matters...
In the last bull market, it relied on Grayscale; In this bull market, it relies on MicroStrategy and BlackRock.
However, it is evident that Grayscale's influence in this bull market has diminished, recently BlackRock is pulling out, and MicroStrategy is not increasing its buying efforts.
Bitcoin and Ethereum urgently need someone to buy relentlessly, without considering the cost.
What everyone urgently needs is: To restore the courage of normal people today and let go of the obsessions of the past.
I believe: Bitcoin has been looking for opportunities these days, and it won't drop tonight. A small attempt, To take high probability, Gradually intervene, Restore confidence.
China's stance on USDT… stablecoins, The crackdown on OTC should continue.
Some people bought a few hundred dollars' worth of USDT and received a call from the anti-fraud center, highlighting the strictness of the prevention and control measures. This crackdown has two choices: 1. Prevent capital outflow; stablecoins, as an extension of the US dollar hegemony, have severely threatened the financial security of the East University. 2. From a metaphysical perspective, the Hong Kong fire and the donations from so many exchanges have exposed their strength and influence. 3. Many people are attracting traffic on Douyin, Xiaohongshu, Xianyu... being too rampant, East University can no longer tolerate it.
In any case, I believe: within 10 years, East University will definitely not open up to cryptocurrency. The crackdown on stablecoins will continue indefinitely.
The Federal Reserve's rate cut is coming soon, this might be the only rate cut in the next six months.
Bitcoin During the time before and after the rate cut, it will allow everyone to break even. The rate cut may not be important, the expectations of the rate cut and the story of the rate cut are very important; popularity is money.
Do you really think it's that simple in the cryptocurrency world? It's not.
Because stablecoins are no longer just "trading tools," but rather: A channel for escaping An informal foreign exchange system A parallel dollar network
The functions it undertakes have already exceeded the limits of what the RMB system can bear.
Regulators are focused on systemic risk, The market is focused on efficiency. In 2025, these two logics will officially collide.
Why did China suddenly crack down on stablecoins this year?
In a nutshell: Money is quietly flowing out, and it's moving too quickly.
By 2025, China estimates there will be $150 billion flowing out. It may not sound like much, but it accounts for 0.8% of GDP, which is a red line for any economy.
What does this number mean? ≈ The annual profit of "China Tobacco" ≈ Half of the national land finance ≈ 60% of military spending
To put it more bluntly: 1, National smokers get a year of free smoking 2, Military spending has been cut off at the knees
This is not "volatility"; this is "leakage."
💵 The outflow structure is even more eye-catching 💵
Out of the $150 billion, only 40% is compliant trade. The remaining 60% is gray or illegal flows: 1, Underground banks: $45 billion 2, Virtual currency: $37.5 billion Among which stablecoins ≈ $30 billion 3, Other small channels: $15 billion
The reason stablecoins are under close scrutiny is that:
It has become the cheapest, fastest, and hardest-to-trace "shadow foreign exchange system." What traditional money houses can do in 10 days, it can accomplish in 10 minutes.
So, don't take your cryptocurrency trading money too seriously, The main reason for the outflow is through stablecoins.
Why did China suddenly crack down on stablecoins this year?
In a nutshell: Money is quietly flowing out, and it's moving too quickly.
By 2025, China estimates there will be $150 billion flowing out. It may not sound like much, but it accounts for 0.8% of GDP, which is a red line for any economy.
What does this number mean? ≈ The annual profit of "China Tobacco" ≈ Half of the national land finance ≈ 60% of military spending
To put it more bluntly: 1, National smokers get a year of free smoking 2, Military spending has been cut off at the knees
This is not "volatility"; this is "leakage."
💵 The outflow structure is even more eye-catching 💵
Out of the $150 billion, only 40% is compliant trade. The remaining 60% is gray or illegal flows: 1, Underground banks: $45 billion 2, Virtual currency: $37.5 billion Among which stablecoins ≈ $30 billion 3, Other small channels: $15 billion
The reason stablecoins are under close scrutiny is that:
It has become the cheapest, fastest, and hardest-to-trace "shadow foreign exchange system." What traditional money houses can do in 10 days, it can accomplish in 10 minutes.
So, don't take your cryptocurrency trading money too seriously, The main reason for the outflow is through stablecoins.
Meituan, Alibaba, JD The three major platforms added marketing expenses of 164.9 billion yuan in the second and third quarters (Meituan 34.3 billion + Alibaba 66.5 billion + JD 21.1 billion + second quarter 43 billion), profit loss only reflects the decline in profitability, the actual "burning money" far exceeds 80 billion.
So, I want to ask: binance, okx, coinbase, bitget, bybit…… exchanges. btc, eth, doge…… large holders. Why don't you engage in business competition?
If you could also put out 100 billion to start a business competition, wouldn't there be a season for counterfeit phones?
For example: in the situation these past two days, with a fluctuation of one point, opening a position and it might take half a day to gain a tiny profit, purely a waste of brain cells.
Let me briefly talk about the market: three points
1. Real-time situation, the fluctuations are very small, just one or two points of fluctuation every day, everyone can play with small positions. Bitcoin, pay attention to small support around 90000 and small resistance around 94000. There is no need to play with large positions, don't let these small fluctuations affect your mood.
2. There is a high probability that interest rates will still be cut in December, and the market will likely start speculating in advance. There is a good chance that it will first rise and then correct.
3. Altcoins are dead. Because domestically there is no crackdown on new investors, without new investors, there is no altcoin season.
In summary, be sure to take advantage of the rebound to withdraw in the upcoming time.
This mainly targets: Domestic low-level scammers, trading platforms, pig-butchering scams, cashback leads, local dog coin issuance...
Mainly because many domestic investors are really newcomers, with very low IQs, being exploited and even counting money for others.
Why is there no counterfeit season this year? The reason is simple: it's due to the crackdown from Dongda, which directly resulted in no new investors. In 2017 and 2021, WeChat, Weibo… were all able to talk about coins freely without account bans. Platforms dare not exploit Americans; domestic investors have no new blood due to the crackdown, so platforms directly exploit the old investors.
Everyone remember, without domestic investors, there are no counterfeit machines. The most valuable investors in this circle are Americans and Chinese.
China's cryptocurrency environment In the past two years, it will only become tighter. For most ordinary people, I think this policy is correct, altcoins are indeed quite similar to scams. Bitcoin has also touched contracts, and it is quite similar to scams.
For most practitioners and lucky players, the only thing they can do is: Prepare a way out in advance, with multiple identities and multiple passports, prioritizing safety.
Binance has directly moved US stocks, Hong Kong stocks, and gold onto the blockchain! The secondary market can also directly buy all gold and some US stocks...
Now you can buy US stocks and Hong Kong stocks on the blockchain, In the future, everyone's junk altcoins will definitely have no way out.
1. Today's real-time situation: Today is Thanksgiving in the United States, and the US stock market is closed. Bitcoin, Ethereum, and Dogecoin only have market liquidity, so the volatility won't be too large.
2. Looking at the current situation, the probability of an interest rate cut in December has already exceeded 80%, which is somewhat positive.
3. In December, there may be a few altcoins that could help everyone break even, but the pace will be very fast. Most altcoins are beyond saving, just give up.
In short, the market is currently flat, and in the short to medium term, I hope to give everyone a slight chance to recover their investments, but don't have too high expectations; there is hope.