化晨风

My story with 10000 BNB

In June 2017, the price of BTC reached nearly 20000 RMB each, and the market sentiment was exceptionally high. The chaos of ICOs was rampant, and any newly issued project could easily be valued at over 100 million. A small exchange called Binance was also born at that time.

At that time, the two major exchanges, OKCoin and Huobi, long maintained the first and second place in global trading volume. CZ Zhao Changpeng, who had served as CTO at OKCoin, decided to establish Binance Exchange.

In June 2017, Binance announced it would issue its platform token BNB through an ICO. At that time, the ICO webpage of Binance attracted a number of big names in the cryptocurrency circle as advisors. This star exchange project led by Zhao Changpeng became the hottest ICO project at that time.

On June 24, 2017, I became one of the first users of Binance. On June 25, the ICO of Binance BNB officially began, and I managed to grab 10000 BNB as I wished.

The rules of Binance were that each person was limited to purchasing 10000 BNB, with the price set at 0.5 BTC for 10000 BNB. At that time, the price of 1 BTC was between 17000-19000 RMB, and the price of 1 BNB was approximately 0.9 RMB, which means over 9000 RMB for 10000 BNB.

Soon after, BNB began trading, but due to the overall poor market, the price fell below the issue price. One month after BNB was listed for trading, I exchanged 10000 BNB for 0.46 BTC.

The later story:
In 2018, the highest price of BNB was 120 RMB.

In 2019, the highest price of BNB was 230 RMB.

In 2021, the highest price of BNB was 4400 RMB.

Today in 2022, I missed out on a maximum of 4400 million RMB.

After the price of BNB reached 120 in 2018, my understanding was completely refreshed because the feeling of missing out is far worse than losing money.
#BNB_Market_Update $BNB

Life, ah.
$Binance life





$ASTER








After I gave up holding BNB, I instead engaged in some contract trading, but achieved little. After becoming a veteran investor, my biggest insight is: always prioritize risk management over the pursuit of high profits. Before opening a position, I must clearly define my stop-loss point and never hold onto a losing position. The market never lacks opportunities; what it lacks is the capital to survive until tomorrow. Position management is the art of survival; it's better to earn small and win slowly than to be greedy and destroy all accumulated gains in one go. Discipline is the most powerful weapon for retail investors, and emotional trading is the fastest road to zero. #币安合约实盘

大家好，我是化晨风。
我将会每周披露一次财务收入。

并将百分之九十用于红包回馈粉丝。
不搞抽奖，人人有份。

$CAKE

You all can wait for the market to rise.

The dog fund is experiencing global beauties with you in Japan, Singapore, Thailand, and India.

Oh right, it’s using the money you spent on cake today.

The kitchen budget is insufficient, turns out there are many mice.
$CAKE
If you’re brothers, come buy from me. Without your frugality, how can the dog fund travel the world and throw a big party?

Bitcoin vs tokenized gold: "Why are you here?"
In the crypto circle, discussions about tokenized gold often fall into a misunderstanding: trying to measure the new world with the yardstick of the old.
Choosing Bitcoin is essentially choosing a belief. You are not investing in a "better gold," but in a completely new operating system designed to disrupt the traditional financial system.
Its value comes from absolute code law, global distributed consensus, and being the most sensitive sensor of global dollar liquidity. During times of liquidity overflow, it is the asset that expands the fastest; conversely, it is also the one that experiences the most severe corrections. The so-called "digital gold" is merely a temporary narrative; its core is the ultimate combination of risk and revolutionary opportunity.
Seeking stability at this door is no different from trying to fish in a tree.
Tokenized gold often falls into an awkward compromise. It tries to use the blockchain bottle to hold the wine of the old world.
For investors seeking stable value retention, the traditional gold ETFs (like GLD, IAU), which have been verified over decades, with transparent fees and strict regulation, are a purer and lower-cost choice. For adventurers seeking excess returns in the crypto market, its tepid volatility is unattractive.
Moreover, many products still carry traditional burdens such as custodial trust and on-chain/off-chain exchange frictions, and have not truly solved the trust issue, merely repackaging it.
Therefore, the core of this debate is not which is superior, but "Why are you here?"
If you are here for a vision to change the world and the high volatility excess returns, Bitcoin is your best avenue. But you must be clear:
If you fear death, do not enter this door. If you enter this door, you must face its core volatility and risk directly. Hesitating between Bitcoin and tokenized gold perhaps precisely indicates that you have not found your true reason to step into this field.
#BinanceBlockchainWeek #BinanceBlockchainWeek
#BTCVSGOLD
$BTC C $PAXG G

If you woke up one day to find yourself in this situation after being hit by BlackRock and MicroStrategy going bankrupt, would you choose to buy the dip?

It seems to have been accepted by American institutions.
Please treat, behead, take as a dog $BTC

Is there anyone coming to participate in the transfer activity? 0.01u will reward 3u$BTC

No wonder others say that those who play with coins are either gamblers or idiots, and women's reputations have been completely ruined by these people.

Teacher Yili Bai has been in the circle for 12 years.
Achieved A9 at the age of 23.
If counting age, she started trading coins in elementary school.

Teacher Yili Bai says that anyone who can't earn 30% a month in USDT is useless.

Teacher Yili Bai says that a great fire is ruthless, but people have feelings.

So she donated 200,000 Hong Kong dollars to the Hong Kong Emergency Relief Fund.
$BNB

Bitcoin vs Tokenized Gold: Why Are You Here?

In discussions about tokenized gold in the crypto world, there is a common misconception: attempting to measure the new territory with the yardsticks of the old world.

Choosing Bitcoin is essentially choosing a belief. You are not investing in a "better gold," but in a brand new operating system designed to disrupt the traditional financial system.

Its value derives from absolute code law, globally distributed consensus, and its role as the most sensitive sensor of global dollar liquidity. In times of liquidity overflow, it is the fastest expanding asset; conversely, it is also the most volatile in corrections. The so-called "digital gold" is merely its periodic narrative, with its core being the ultimate combination of risk and revolutionary opportunity.

Seeking stability at this door is akin to fishing for fish in a tree.

Tokenized gold, on the other hand, often falls into an awkward compromise. It attempts to bottle the old world’s wine in a blockchain vessel.

For investors seeking stable value preservation, traditional gold ETFs (like GLD, IAU) that have been validated over decades, with transparent fees and strict regulation, are a purer and cheaper choice. For adventurers seeking excess returns in the crypto market, its tepid volatility offers no allure.

Moreover, many products still carry the traditional burdens of custodial trust, on-chain/off-chain exchange friction, and have not truly solved the trust issue; they merely package it.

Therefore, the crux of this debate is not about which is better or worse, but rather, "Why are you here?"

If you are here for the vision of changing the world and the high volatility of excess returns, Bitcoin is your only gateway. But it is essential to recognize: it is the bearer of liquidity and inevitably fragile at high positions.
· If you are only here to combat inflation or hedge, the mature gold ETF market has provided better solutions. Purchasing tokenized gold often only pays a premium for the "blockchain concept" without achieving substantial breakthroughs.

Fear of death, do not enter this door. Once you enter, you must face its core volatility and risks. Hesitating between Bitcoin and tokenized gold perhaps indicates that you have yet to find your true reason for stepping into this field.
#BinanceBlockchainWeek BinanceBlockchainWeek
#BTCVSGOLD

$BTC $PAXG

December Cryptocurrency Market Major Events Calendar Overview
Key Focus:
12.3 Ethereum $ETH Fusaka Upgrade
12.10 Federal Reserve Interest Rate Decision
12.11 Solana $SOL Annual Conference
12.19 Bank of Japan Interest Rate Decision

Musk's true advantage has never been just intelligence, diligence, or ambition.

There are too many people in the world who possess these qualities, so many that if these conditions were enough to create a Musk, there should be “Musk alternatives” everywhere on Earth.

That is not the case.

What truly sets him apart is a very rare mental structure:

Remaining exceptionally clear-headed in a highly chaotic world.

While others become emotional and are swayed by pressure, narratives, and inertia, he can maintain rationality even when system noise is at its peak, returning to the first principles of the problem when everyone else is swept away by emotion.

So it appears that the decisions he makes are extreme and crazy.

But essentially, when others are completely surrounded by bias, fear, and path dependence, he is actually the only one who remains clear-headed.
$BNB
$BTC
$ETH

It exploded.
Just saw the data from the hyper backend that Vida uncovered, Hyper's daily active users are only 3 to 4000, with 75% from the US and less than 1% from CN, it's too brutal.

A valuation of 30 billion, only 4k users?????

To put it in perspective, Cake has an 800 million valuation with a million users.

gmx is taking the high-end route, valued at 90k with 5k daily active users.

$HYPE

Bitcoin vs tokenized gold: Why are you here?

In the crypto space, discussions about tokenized gold often fall into a misunderstanding: trying to use the metrics of the old world to measure the territory of the new continent.

Choosing Bitcoin is essentially choosing a faith. What you are investing in is not a “better gold,” but a brand new operating system designed to disrupt the traditional financial system.

Its value comes from absolute code law, globally distributed consensus, and being the most sensitive sensor for global dollar liquidity. In times of liquidity overflow, it is the asset that expands the fastest; conversely, it is also the one that retracts the most violently. The so-called “digital gold” is just its periodic narrative; its core is the extreme combination of risk and revolutionary opportunity.

Seeking stability at this door is no different from seeking fish up a tree.

Tokenized gold, however, often falls into an awkward compromise. It tries to bottle the old world’s wine in a blockchain bottle.

For investors seeking stable value preservation, traditional gold ETFs (like GLD, IAU) that have been validated for decades, with transparent fees and stringent regulations, are a purer and cheaper choice. For adventurers pursuing excess returns in the crypto market, its tepid volatility is utterly unappealing.

Therefore, the core of this debate is not which is better, but “Why are you here?”

If you are here for the vision of changing the world and the high volatility of excess returns, Bitcoin is your best bet. But one must recognize clearly: it is the bearer of liquidity and is inevitably fragile at high positions.
· If you are only here to combat inflation or hedge risks, the mature gold ETF market has already provided a better solution. Purchasing tokenized gold often just pays a premium for the “blockchain concept” without achieving substantial breakthroughs.
#BinanceBlockchainWeek
#BinanceBlockchainWeek
#BTCVSGOLD

$BTC C $PAXG

Looking back at modern history, you will discover a terrifyingly simple rule:

Whoever sets the next generation's "protocol/standard layer" controls the dominant power of a certain system in the next generation.

This is not theory; it is a reality that has been repeatedly verified over the past few decades:

Who set the standards for TCP/IP? — The United States. As a result, who holds the power over the global internet infrastructure? The United States.

Who leads SWIFT? — The U.S. camp. Therefore, the settlement rights, freezing rights, and sanction rights of the global banking system are naturally held by the United States.

Who set the GAAP accounting standards? — The United States. Subsequently, the global corporate financial reporting system speaks in its language.

These things seem like technology, like processes, like rules…

Essentially, they are all the "source code of the next generation's wealth operation rules."

And why is the United States so actively promoting the Genius Act and Project Crypto this year?

The reason is very straightforward:

The United States wants to set the underlying standards for the next generation of the "crypto asset era" in advance.

Whoever writes the standards writes the power structure of the future financial system.

There has never been an exception to this in history.
$BNB

Start investing in cake, unwavering for 100 years.
Current cost 2.39

Cake has a zero-cost activity, you can go and grab the benefits.
Currently, 250 people have responded.
Five will be drawn, each receiving 250 dollars.
1250➗250＝5.
The expectation for participating in the activity is 5 dollars.
Just leave a comment.
$CAKE

$SKY has started to move independently, $CAKE
and $GMX
is it far off?

Value is eternal.
Cut a bit of sky into cake to increase the cake position.

You can follow lista, cake his brother.
I have followed several defi projects, lista is relatively technically strong, currently with a fully diluted market value of 150 million, but since it hasn't fully unlocked yet, I won't buy much.
They are now working on a new defi, which is items used as collateral, in cooperation with cake, while putting the collateral into the liquidity pool to increase the yield.
Currently, the TVL is 3 billion, and the profit looks bad due to token unlocking incentives.
However, they are all based on the BSC chain, and I feel the trend might be similar to cake.
$CAKE
$LISTA

The turning point of cake's profit is closely related to alpha.
The first is the alpha cap in December 2024, which basically stabilized the weak deflationary mathematics of cake.
In March 2025, Binance Wallet integrated alpha, allowing trading volumes to be directly brushed on CEX, increasing alpha's traffic.
As the leading figure in BSC, many alphas are brushed through cake's pools, so cake experienced a secondary explosion in March.
The profit lower limit is 400k destroyed, and the upper limit is 1.2m destroyed.
Taking a conservative estimate in the middle, it is 800k destroyed.
800k × 52 weeks = 4160kw tokens destroyed.
Taking cake at 2.4 each.
Annualized destruction is 90 million USD.
At a valuation of 700 million, it is 8 PE, which is cheap.

Currently holding an annualized 1/8 = 0.125 + 3% syrup.
About 16%, which is not very attractive to me.

Because sky annually is 1.2/10 = 0.12 × 1.3 = 0.156
gmx is annually over 25%.
However, gmx has a position limit, so it will increase holdings in cake.

The core point is still to hold down alpha to make it larger and stronger. The obvious characteristic of alpha is its brokerage nature; in a bull market, more coins mean big profits, and the more brushed, the better; in a bear market, it doesn't work.

Moreover, the obvious current trend is that the valuations of altcoins have been continuously depressed. Previously, new coins had market values of several hundred million, now it is mostly several million or tens of millions.
New coins cannot get a premium, and big profits in alpha are not many.
I am not very optimistic about alpha.

But I am optimistic about DEX. Currently, both Binance Wallet and OKEx Wallet have started charging fees for CEX aggregators, at 0.5%, which is very high.
This will definitely force us to go to DEX.

So I am relatively optimistic about the future of cake.
$CAKE

fa

$GMX
I can only say that this is the potential of the Golden Dog.

It is said that several giants will pull the market, will they boost the altcoins a bit?

Deep-sea fishing is too fierce, let's all talk about how to break the freeze.
#支付宝
The protagonist of the story lost 4k and was reported by the buyer.