The bull market in 2021 was really impressive. When the price was at a high point between 10,000 and 20,000, some people announced that they would become wealthy and quit the market. When the price was between 20,000 and 40,000, there was really a lot of excitement. People were seen becoming wealthy and quitting the market on various platforms. After that, although Bitcoin BTC was very active, it no longer had the wealth-creating effect it had at that time.
Ctrip, with 30?000 employees, generates far higher profits than the top fifty hotel groups employing over three million workers. This validates Zhong Shan-shan's concern: platforms control traffic, profits flow upward in large volumes, and front-line workers rarely get a fair share.
People who have just entered the cryptocurrency circle are bound to buy and sell like a playboy. This makes some people rich quickly. What makes people richer is long-term holding.
Gold rising does not guarantee Bitcoin rises, yet Bitcoin falling does not guarantee gold falls.
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Evaluate projects by cash flow: fees, staking, burns.
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If founders are still shilling their token, they have not finished dumping their holdings.
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Numerous AI-plus-blockchain projects today are repackaged narrative plays. The two technologies lack deep integration; teams exploit hot themes to boost token prices for exits.
A project's tokenomics determines its price ceiling, not just the team's pedigree.
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Two good friends traded crypto together. One got liquidated and borrowed money from the other. He could not repay, and their friendship turned sour and ended completely.
Stay away from impoverished busybodies lacking good fortune: they constantly beg others for free meals, scramble for trivial savings, and send links asking others to cut prices in group chats. One glance reveals their cheap bearing, and they look perpetually worn out and burdened.
My friend Tianji made his first fortune by speculating in cryptocurrencies. He is one of the few people around him who has done in-depth research on cryptocurrencies. Tianji was born in 1995, is young and promising, and owns two large hotels, both of which are doing well. He plans to take out 1 million yuan to play with cryptocurrencies first. But he is still my apprentice.
Men may marry poor women who sell goods on the street because they can see their diligence. Women won't marry poor men selling goods on the street because they can't see a future with them.
Community groups claimed market-makers would support prices during dips, telling members not to panic. Once retail investors were fully positioned, market-makers stopped supporting prices and prices crashed sharply.
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I don't know if everyone has noticed that there are more and more people sleeping on the streets in Guangzhou. Under some overpasses, on park benches, in 24-hour KFCs and McDonald's! They have all become places for homeless people to sleep. Many of them are debtors; they're not without a home, but unable to return. Either they have no strength to work, and factories won't take them! Some haven't showered for months, and no place will hire them. Others are part-time food delivery riders living directly in tents! There are all kinds of reasons. They don't rent houses or stay in hotels; they just like sleeping on the streets. I once even encountered a mentally ill person talking to himself! There are also female vagrants, picking bottles while wandering! Who would sleep on the street unless they were desperate?