13-year-old Leek’s currency circle memoirs: I once killed a billionaire
The first time I came into contact with Bitcoin was in 2011. A classmate of mine mysteriously told me that he saw something called Bitcoin on the Internet. You can get it by running a program on your computer, and then he ran away with his laptop. stand up. I calculated the mining efficiency at that time, laughed at him secretly in my heart, and didn't take it to heart. Two years have passed, and I keep seeing Bitcoin news on the news. When I look at the price, it’s more than 3,000 yuan! I broke my thigh, so I negotiated with another classmate and jointly bought 3 Bitcoins. As a new Leek, chasing the rise and killing the fall is the basic operation. Fortunately, I did not suffer much losses along the way. In 2014, I noticed Litecoin and learned about Litecoin-related information: the total issuance is 4 times that of Bitcoin, and the transaction efficiency is higher than Bitcoin... and there was widespread talk of "Bitcoin Gold Lite Silver" at that time. I I thought, maybe the price of Litecoin could become a quarter of that of Bitcoin in the future, so I exchanged the 3 Bitcoins in my hand for more than 100 Litecoins. Some time passed, and Litecoin fell to more than 30 amidst bad news again and again. I exchanged the Litecoin back for RMB amidst questions from my classmates and gave it all to him. When the time came in 2015, a client of my father’s business asked me many questions about Bitcoin. Because I majored in computer science, I often helped her solve computer problems, so she trusted me more. She held 1,000 Bitcoins in her hand at the time, but with the constant bad news, she didn't know what to do. So I patiently explained to her the principles of blockchain and what a 50% attack is, and gave her a conclusion: if you are not optimistic about Bitcoin, it will return to zero sooner or later! It is best to sell all 1,000 Bitcoins. I also taught her how to borrow coins on OK to go short. At that time, she said to me very gratefully: "It turns out that you can still make money in this way." Three years later, Bitcoin once again became a hot search topic. My classmate looked at the price of Bitcoin and said to me with a smile: " You succeeded in killing a billionaire." But my dad's client didn't blame me, saying that even if he didn't sell it at the time, he still couldn't hold it. Then she heard about Ethereum from a friend and wanted me to research it.I was already disillusioned with the currency circle at that time, and just told her that Ethereum was an imitator of Bitcoin and had no value like Litecoin... It was already August 2021 when I paid attention to the currency circle again. My classmate told me that at that time, I insisted on Another classmate of Bitcoin had already made money and took him to mine Ethereum and asked me if I was interested. I hesitated... After another two months, I read the Ethereum white paper carefully, and got on the bus in October 2021. At this time, the price of Ethereum was 3000U. And when the price of Ethereum reached 4800U, I thought it would rise again... What happened next, as everyone expected, I was trapped. However, this time I have a zeroing mentality: as long as I don’t sell it, you can’t even think of cutting my leeks. So, I have been holding Ethereum and persisting until today... insist on holding or unwinding and exiting? I faced another choice...$BTC $ETH
In the year $1000SATS 2024, I saw a big brother using over a million originally meant for buying Bitcoin to buy SATS. At that time, the price for 1000 SATS was 0.0007. If I hadn't made any moves, I would probably have less than 30,000 left. Back then, I used a little over 1000 U to buy some SATS at 0.000107 as a keepsake. I initially thought it was the bottom, but I never expected it to drop another 10 times. Later, I researched and understood the principle, realizing that inscriptions have no liquidity at all. Even now that the price has fallen below the minting cost, it isn't worth buying the dip. Don't hold any expectations because some coins are issued with the intention of going to zero.
Please stop deceiving! CZ's Giggle Academy and the meme coin GIGGLE have no connection, it's just to gain attention! The official website has already made a public statement.
鹰哥加密局
·
--
#CZ responded to netizens' doubts about "Binance's nonsense about going to zero and harvesting韭菜币" saying:
"If this logic held, from 1990 onwards, Nasdaq would have ten (currently) leading internet companies? There used to be tens of thousands of internet startups; how could we have known thirty years ago which ten would become the final giants?
No one can predict the future development of a project. Can you guarantee that a coin will only rise and never fall?
Exchanges should try to give hardworking projects opportunities. It doesn’t mean you have to buy every project on the exchange. DYOR."
Then what about the charity project $GIGGLE that CZ directly oversees? After several rounds of violent wash trading, it has fallen to the bottom, right? {spot}(GIGGLEUSDT)
$GIGGLE ⚠️Attention: This token is not issued by CZ and has no relation to CZ's Giggle Academy; it is just a meme. Compared to the issuance price of 0.002U, it has already increased by unknown multiples, and there are a large number of trapped positions above. The transaction fee on the chain is as high as 5%, making it completely illiquid. If someone tells you that GIGGLE will rise at this time, they are definitely trying to trick you into taking over their losses.
Has this #TSLA been authorized by Tesla? In the future, can any company's stock enter into contracts like this? Can a gambling house be opened without needing chips?
$ETH How could the logic of Tang Tang Yi Li Hua going long on ETH be so simple? The world is really a bunch of amateur performers, believing him is not as good as believing Xiao Z! @我是小z啊i At least Xiao Z makes money, I respect that.
$ELSA Cut the meat, stop the loss in time. Stay away from the projects of the Indian A-sans. You should never expect them to pump the market; they are more short of money than you think.
$ELSA The project of the Indian A3 must not be touched! When I just went live, I immediately felt the selling pressure. I was forced to trade to reduce costs, who would have thought there wouldn't be even a slight rebound. I was thinking of buying the dip to lower the average price. But the bottom line was breached time and time again... Fortunately, I opened a 1x long position, and I couldn't be bothered to close it. These few thousand U can be considered as feeding the dogs.
$RIVER Every tuition fee has contributed to my growth: It turns out that a positive funding rate does not mean that the currency price will drop, and a negative funding rate does not mean that the currency price will rise. Everything still depends on the mood of the dealer.
$TRX There is a saying: 'Do not touch Sun Ge's projects, but you must listen to what Sun Ge says.' In order to align knowledge and action, I have decided to read Mr. Sun's book carefully.
$RIVER Waa waa waa 😭 I surrender! I originally thought I would go in to eat the fees, but I didn't expect the fees to turn positive. I was timid when doing long on PIPPIN, and I was still timid when doing long on RIVER. I admit I am afraid of losing money! Although the position I opened was very small.