Hackers breached an exchange s systems and stole 119,000 Bitcoins in three hours. Police caught them years later, yet most stolen assets had been laundered and were nearly impossible to recover.
Resist the lure of quick windfall traps. Short?term windfalls are like dazzling fireworks: brilliant for an instant yet hiding destructive fire. Many get fooled by get?rich?quick fantasies, follow speculative fads blindly and end up with total losses. The wealthy understand the law of wealth conservation. Genuine fortune accumulation resembles tree growth: rooted deep and advancing step?by?step. Slow, steady long?term returns far outweigh flashy but hollow short?term gains.
Gold rising does not guarantee Bitcoin rises, yet Bitcoin falling does not guarantee gold falls.
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Consensus is value but when it collapses, value goes to zero in an instant.
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Stop-loss is not surrender but a tactic to preserve capital. Accept small short-term pains to evade catastrophic total account wipe-outs triggered by black-swan events.
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Anyone who understands knows that the cryptocurrency circle is a market for self-entertainment, a low-end market, and even a sewer market. All kinds of white and black money come in to buy coins. When the bull market comes, more money comes in to buy, and then various coins fight and everyone scrambles for money to see who gets in early. Those who get in early and are quick will become the new rich. Those who are still waiting may not even have a Binance account to buy coins.
People who do not improve their understanding are effectively dead at 20 and buried decades later. Most ordinary people in the world are like this; their cognitive density is very low.
The people who make decisions are not the same people who bear the consequences. Even if the decision is wrong, those who pay the price are others. From the perspective of human nature, no one is completely reliable. Those making the decisions continue enjoying themselves regardless.
Most excess returns stem from cyclical beta rather than individual alpha. Never mistake dividends bestowed by the market cycle for your own trading competence; real capability reveals itself only when liquidity recedes.
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He created a wallet years ago and saved its mnemonic phrase in cloud-storage. Years later when he wanted to recover it, the cloud-account had been deleted. Assets became completely inaccessible.
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Real turning points show in behavior (on-chain), not slogans (Twitter).
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I know that being overly candid will lose attractiveness. The audience likes to watch fictional stories: flaunting wealth, huge profits, bloody losses... so there is a lot of pretentiousness online. But I have no intention of dealing with others; I just want to be myself. Free, candid, and decent.
My mother-in-law is over 80 years old and has dementia. She went missing in the county town. I personally went to the police's Sky Eye system, took a screenshot of any random portrait of my mother-in-law, and input it. In less than a minute or two, all the paths were displayed, finally showing where she stayed. We rushed to find her and found her immediately. It's really amazing. Saying this, with AI Sky Eye, everyone's property situation can definitely be transparent from a certain height, including digital currency assets. So it's hard for people in the public security system to find partners; if you go on a date, won't you be caught in minutes? Checking for tax evasion and corruption would be accurate every time.
He bought AI-powered auto-trading software marketed as risk-free. Initial small gains lured bigger deposits. Later the program traded against him, principal was lost, and the software vanished.
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