Jack-小海豚

Do you guys understand Binance wealth management?
If I put in 10,000 oil with something like USDC, how much will I earn each day?
What's the difference between capital preservation earning coins and the second RWSD? I'm confused.

Wealth management generally involves keeping oil in it; I haven't tried this USDC type, but it seems like everyone in the square is doing it, and the USDC returns seem higher.

There are always people who say that locking BTC for 10 years can secure the future — if it rises to 10 million each in 10 years, 1 BTC would equal ten million in assets. This sounds just like the financial influencers who shout, 'Invest 200,000 in index funds, and by 60, you’ll effortlessly gain ten million.'

By this logic, those who advise you to lock up should actually hold more BTC, but in reality? Most people's holdings are decreasing, yet they still stubbornly preach 'not selling' as the 'ultimate principle' without considering whether you can bear it or if it suits you.

They say 'not selling is correct,' which boils down to looking at problems through a 'rearview mirror' — using the current increase to retroactively argue that selling early was a loss. But that’s their experience, and you haven’t lived it; the so-called 'belief' is actually more like not wanting to think — otherwise, why didn’t you follow their advice when they said 'don’t worry about prices during a bear market'?

The essence of locking up is the fear that you can't control your hands — either you lose by switching to altcoins, or you sell and consume recklessly, or you miss out on future returns by switching to other assets. But for those with a stable mindset, using a cold wallet, storing coins, and gradually accumulating really makes no difference whether you lock up or not; if you're destined to operate chaotically, passive locking may not be a good thing unless you truly understand in the process that 'locking or not locking actually makes no difference.'

You also have to ponder: if you don’t live to see 10 years, what’s the point of locking up? If having BTC as a safety net makes you bolder in making reckless investments elsewhere, you might end up losing even more.

The core of whether to sell or not depends on what you want. If you are already financially free, BTC is just a part of your asset allocation; not selling during a bull market doesn’t matter; if you are not free yet and need both income and growth, then selling in a bull market and buying in a bear market aligns more with the rules — even if you occasionally sell high and can’t buy back, that’s a risk growth should bear, as long as you don’t squander or make reckless investments in altcoins that can lead to losses, the direction is not wrong.

After all, the fastest progress comes from those who reflect after experiencing losses; once the right method is found, making money is just a matter of time.

🚨 Maji is struggling again: 7,925 ETH 25x long position from +1.6 million USD → current floating loss 164,000 USD

HyperInsight latest monitoring:

Maji's ETH long position has once again been pressed down by the market.

📉 Latest position status
💥 Position size: 7,925 ETH
🔥 Leverage: 25x long
💵 Opening price: 3,057.48 USD
⚠️ Liquidation price: 2,990.67 USD

In other words:

If ETH drops less than 70 USD, this position will evaporate directly.

💸 Profit and loss changes (the most heartbreaking part)

Previously: at one point floating profit > 1.6 million USD

Now: floating loss 164,000 USD

From +1.6 million to -160,000,

This is a typical tragedy of "profits don't let you go, no limit on pullbacks" with high leverage.

A group of Indians got off the plane and headed straight to the hotel. It's one thing to stay at a hotel, but they didn't actually stay in the hotel; instead, they spent the night sprawled out in the hotel lobby. Yes, they couldn't afford to stay in the hotel because they had no money. Netizens were curious: if they can't even afford a hotel, why were they given visas? What are they doing here? Are they here to spend money or for something else? That's unknown. What do you think about this?

I bought this coin, but it won't let me withdraw,

I accidentally clicked the wrong one, may I ask if anyone knows how to handle it?

This is my first time playing this, the three coins were used up and instantly returned to zero😭😭😭

What does this mean? If I buy it, I can't sell it. How do I withdraw the principal? It's been a day and I still haven't seen it listed.

I said I had 10,000 Ethereum, so what? How is that just a fantasy? At that time, I received 360,000 RMB from a friend, plus several hundred thousand from myself, and with the coins I mined, there were a total of 10,000, in Yunbi, so what~
In the beginning, I even bought pizza with Bitcoin, reminiscing about the past, what's the problem?
How much were a few big pancakes worth originally? 10 big pancakes were only worth a few thousand at that time~

This guy has endured a floating loss of 16,000 for 8 months, really damn impressive
I really admire people like you👍

What kind of trash is this? It resets in three hours. Is the threshold for scammers to issue coins so low now? What is the difference from fraud?

$Binance Book. This coin really has something to say! Recently it has been rising every day! Maybe it really is the next $Binance life, brothers can buy a few dozen U to bet on a thousand-fold coin.

这真的假的？l $BNB

{spot}(BNBUSDT)
{future}(TRXUSDT)

Has anyone received it? $币安人生
{future}(币安人生USDT)

60 million USD in 47 days to zero!

Everyone must have heard of Brother Majie, right? In June, he earned 6.5 million USD by operating HYPE positions. By July, his total long position soared to 126 million USD, making him a top whale on the platform. On September 19, it reached its peak, with floating profits nearing 45 million USD. Adding the principal, the total account balance approached 60 million USD, equivalent to over 400 million RMB, a definite life winner.

However, high leverage is like a bomb strapped to your body; once the market turns, it’s a disaster. On October 11, cryptocurrency assets plummeted, and the market continued to dive. Huang Licheng not only did not cut losses but also entered a deadly cycle of "anti-position + adding margin." His positions were forcefully liquidated time and again, and not only did he lose all his previous profits, but his 15 million USD principal also dwindled.

Like a gambler losing all reason, the more he lost, the more he added to his positions; the more he added, the more he lost. On November 3, his 25x ETH long position was completely liquidated, losing 15 million USD. On the 4th, only 16.7 thousand USD remained in the account, but he wasn't discouraged and used this money to open a 25x leveraged long position of 100 units of $ETH
{future}(ETHUSDT)
ETH, resulting in another liquidation 24 hours later, with the account balance reduced to only 1718 USD. From nearly 60 million USD to 1718 USD, it only took 47 days! However, Brother Majie has a good mindset. After losing everything, he enjoyed a leisurely swim and joked about himself, hoping everyone avoids liquidation.

60 million USD in 47 days to zero!

Everyone must have heard of Brother Majie, right? In June, he earned 6.5 million USD by operating HYPE positions. By July, his total long position soared to 126 million USD, making him a top whale on the platform. On September 19, it reached its peak, with floating profits nearing 45 million USD. Adding the principal, the total account balance approached 60 million USD, equivalent to over 400 million RMB, a definite life winner.

However, high leverage is like a bomb strapped to your body; once the market turns, it’s a disaster. On October 11, cryptocurrency assets plummeted, and the market continued to dive. Huang Licheng not only did not cut losses but also entered a deadly cycle of "anti-position + adding margin." His positions were forcefully liquidated time and again, and not only did he lose all his previous profits, but his 15 million USD principal also dwindled.

Like a gambler losing all reason, the more he lost, the more he added to his positions; the more he added, the more he lost. On November 3, his 25x ETH long position was completely liquidated, losing 15 million USD. On the 4th, only 16.7 thousand USD remained in the account, but he wasn't discouraged and used this money to open a 25x leveraged long position of 100 units of $ETH
{future}(ETHUSDT)
ETH, resulting in another liquidation 24 hours later, with the account balance reduced to only 1718 USD. From nearly 60 million USD to 1718 USD, it only took 47 days! However, Brother Majie has a good mindset. After losing everything, he enjoyed a leisurely swim and joked about himself, hoping everyone avoids liquidation.

I used to think about this kind of question
Why do such wealthy people still gamble crazily?
If I had a billion, I wouldn't even invest in cryptocurrencies, just manage my finances would be enough.
Later, he replied on Twitter:
He said he can't even afford a yacht, it costs 100 million dollars.

This guy is British, he started with a few hundred USD and made 80 million USD, mainly relying on $PEPE
In the end, he lost it all...

It's all about the thrill, it's all about the excitement.

Can someone help me calculate? If I close the position at 6 dollars, how much can I earn? I'm using 50x on 5000u