王大锤锤

> All my major losses come after a big win when I didn't stop.
> All my real big wins and the money I kept long-term
> are because I caught a good trend once and then immediately stopped to live my life.

Looking back at the trading records of the past two years, we can see that the big profits were made when the market was good, and they did not last long! Big losses, without exception, are all contracts! It's all, it's all, it's a contract! This also shows that I am not suitable for the contract! Although I think 99% of people in the entire market are not suitable for contracts! But there are always those one in ten thousand people who make a lot of money in the contract market. I am very self-aware that I am not the 1%! So in summary, most of the time you make money because the market is feeding you, and you have to rely on your own knowledge to make money when the market is good. However, most of the time the market is not good or fluctuating, so most of the time you have to control it. Control the contract. If you can do this, you can guarantee that you will not lose much. If you can not lose much, then if you persist and encounter opportunities, won't you make money! The longer you live, the more opportunities you will encounter. If you lose a little today and lose a little tomorrow, your principal will be lost. What can you earn?

Intel has gone up so much, and it sure can fall hard too. Still pretty shocking.

I've been waiting for a black swan event to trigger one final dump and wick down in Bitcoin during this bear market. Not sure if this Binance situation is it.
But Bitcoin's price drop of less than 5% clearly shows that the market isn't treating this event as a black swan. Or maybe people have enough confidence in Binance and see it as safe, so Bitcoin can't fall much further on this news.
It could also be that fewer people are trading Bitcoin these days.

The shortfall is around 2 billion. Of course, that would be crippling for other exchanges, but it’s no big deal here at Binance. We’ll absorb the losses. User funds are safe. Once withdrawals are restored, go back to doing whatever you were doing.

Binance is an exchange.
Its biggest responsibility is to protect your assets, then match your trades.
If you guessed wrong on the direction of your own long or short futures position, you should probably blame yourself for relying on guesses and ask whether you’re capable of handling futures.

I saw someone on the forum saying Binance should compensate them for getting liquidated in this downturn because the panic selling triggered by Binance being hacked caused the market to fall, which led to their liquidation!
？？？ If that’s how you’re going to look at it, why not go after the crypto thief for compensation? If the hacker hadn’t stolen the coins, why would this black swan event have happened? Besides, some people made money shorting during this downturn. Should Binance also go after them for compensation? If short sellers hadn’t placed sell orders, how would the market have moved down? When trading futures, you have to account for all the ups and downs caused by the various risks. Do you think you can just buy or sell with your eyes closed, tap the order button, and wait for the money to roll in? What a spoiled baby.

$CRV You got your ass kicked by hackers and you're still dazed, huh? Everything's already bounced back, and you're still in the dumps—down this much.

The best PR move after getting hacked is to manufacture a market rally
Then sit back and wait for Binance to put in a good word

The Starknet Foundation froze 428 $STRK (worth $19) that had been stolen from Binance.

At least it’s doing its part for the industry 😂

The generally accepted peak for the next bull market is around 200k, while the current bear market low so far is 58k. At the current price of around 80k, do you think buying the dip and selling at 200k during the bull market offers an attractive profit potential?

One thing is beyond doubt: this amount stolen could be a fatal blow to other exchanges in the industry. But for Binance, it’s just a scratch—not enough to cripple it. The music keeps playing and the dancing goes on. But the blow to confidence is undeniable.

After 1011, everyone lost confidence in altcoins and moved on to memes.
After 1029, everyone may lose confidence in CEXs.
Once confidence drops, liquidity will also dry up, making it harder and harder to trade.

Even without this theft incident, 80k was facing resistance and unable to break higher, just moving sideways. It’s only down a few percent now.
Even if it rebounds, so what?
The key is that the black swan event has already happened. The blow to confidence for most people is a new source of pressure, so honestly, buying the dip at this price isn’t really worth it.

Nearly $5.8 billion was stolen in this incident,

and approximately $2.54 billion in stablecoins has been frozen so far, representing a substantial portion.

The remaining unfrozen assets are primarily ETH/BTC and other assets that issuers cannot freeze directly.

The hacker didn’t even know Arbitrum’s official team could transfer assets directly out of his wallet
The assets the hacker stole from Binance this morning included $30.25 million worth of assets on Arbitrum: 8,426 ETH + 74.56 million ARB.
Maybe he thought the ETH and the native token ARB would be safe, so he left them there for now instead of bridging them to Ethereum.
15 minutes ago, Arbitrum’s official team transferred the ETH and ARB on Arbitrum out of the hacker’s wallet.

A little more of the stolen funds recovered

Here’s hoping more of the stolen funds get frozen

Say important things three times
This comes from experience

In my experience, don't try to catch the bottom too early. Important things need to be said three times.

I've been waiting for a black swan event to send Bitcoin straight into the final leg down of the bear market in one move. It's unclear whether this incident is that black swan. Hold onto your USDT and wait for an opportunity.

Binance gets hacked, and funds are frozen across the board
That’s what it means to be the top dog
Honestly, Bitcoin has barely dipped—I just can’t bring myself to pull the trigger