Lin Chao's Discussion on Currency: A Letter to 0.1% of People

CN
11 hours ago

In the midst of strategizing, we can win from a thousand miles away. Hello everyone, I am Lin Chao, a global financial market observer, focusing on cryptocurrency market analysis, bringing you the most in-depth trading information analysis and technical teaching.

If you can clearly identify the trading logic of the market, then Lin Chao believes these years should be a time for everyone to make a fortune, and it is highly likely that you can earn money in the crypto space. If you really want to make money in the crypto space, please first answer the following questions.

What is currency? What is money? What is debt? How do trading platforms make money? How to identify trustworthy platforms? What do analysts rely on to survive? How does the primary market profit? The two words behind "blockchain" are "revolution" — who is the target of the "revolution"? Why is it called the "blockchain revolution"? What exactly has "decentralization" removed? Why are countries accelerating the compliance of cryptocurrency trading?

In today's crypto space, you can still hear people saying, "This is a Ponzi scheme, don't believe it." I don't want to refute it, nor can I change anyone's mind. As Satoshi Nakamoto said: If you need me to explain, I don't have time to explain it to you. This reminds me of twenty years ago when real estate was just emerging, and over a decade ago when e-commerce was just starting, how many people warned and shouted about "real estate bubbles" and "internet bubbles," yet some still made money and changed their lives.

The current crypto space is still at a crossroads:

Those who do not believe still do not believe, some who believed early are now free (why only some? I will explain later), and there are still some trying to get a piece of the pie, but let me say a harsh truth: the window is closing fast.

While you are still hesitating about being scammed, or are on the path of being scammed — recently, the "Xinkangjia Ponzi scheme" defrauded 2 million people, these individuals used the crypto space as a guise to swindle, only bringing disgrace to the industry.

I admit there are many scammers in the crypto space, but if you have made money in any complete industry, you should understand: an industry with scammers is a good industry. Times create heroes, chaos brings out tyrants, whether you want to be a tyrant or a hero, the difference lies in "people," but "time" is a necessary condition. The development of productivity never shifts according to anyone's will. As the process of compliance accelerates, change will bring opportunities. If all regulations have been implemented, forming a situation of "one carrot, one pit," will ordinary people still have a chance?

Many people ask me what to do after being scammed in the crypto space. What can you do? Open your eyes and keep going. I have been in the industry for 10 years, and I have also been deceived like everyone else; I know all the monetization methods of practitioners. All experiences are gained from being scammed; no pit is stepped on for nothing. On the internet, I have also seen many peers attacking each other; I know that peers are enemies. Have you considered that the road will be harder after compliance? Have you considered taking this opportunity to pull yourself out of the gray area? Regulation will gradually improve, but there are also many opportunities; currently, there is no truly endorsed "compliant exchange" globally, is this not an opportunity? The mainland also lacks standard cryptocurrency funds, is this not an opportunity? Looking at the next 20 years, the crypto industry is still in its infancy, is this not an opportunity? What we need to do is not to fight among ourselves, not to use machines to divert customers from peers, not to find ways to report someone who has become popular to bring them down. What is needed is unity, to combat those scams, to help investors identify them, and to change the public's stereotype of the crypto space. I have invested in two private equity funds in the mainland; if you are a true practitioner and have resources that need to be connected, Lin Chao welcomes everyone to privately message me for communication.

Speaking of why only some people achieve financial freedom, I want to give some tips to newcomers who have just entered or are about to enter the crypto space: the crypto space is indeed a holy land for wealth growth, but not everyone who enters can make money. This is closely related to your level of understanding, capital, and the profit methods you choose. If you have little capital and are just starting out, "contracts" are indeed your only chip; do not believe the saying that contracts should not be touched; existence is reasonable. In this 7*24 trading environment, with no upper limit on rises and falls, contracts are actually a protective system. Where is there a market that is only bullish and not bearish? Can you sleep well during a bear market?

Everyone stands from a different perspective; those who advise against contracts have a certain wealth accumulation. But you, who have just entered the space, have nothing. However, some people treat the crypto space as a casino, unable to distinguish the timing while trading contracts. When making money, they feel like gods; when losing, they curse, saying contracts are devils that ruin lives. The devil is yourself; do not blame others. If you treat it as a casino, do not blame others. This is also why Lin Chao says that not everyone who enters the space early can achieve financial freedom. If you are indeed lucky and have accumulated more capital through contracts, stop, switch to trading altcoins, and buy low and sell high, right? Control your desires; otherwise, you will still fall back into poverty. If you continue to have good luck and make money with altcoins, then please invest in Bitcoin. Why Bitcoin? I just want to say, if you could go back ten years, would you buy? If yes, then would you let your current self buy ten years from now? The best time to plant a tree was ten years ago; the second best time is now.

Such simple questions are often what most people cannot comprehend. Lin Chao knows that 99.9% of people only want to know which coin can rise, when it can rise, how much it can rise, at what point to enter, and at what point to exit. But this article is written for that 0.1% of people. Those who truly know where the industry is headed and why wealth will grow. Just as most people only know that blockchain is about "decentralization," but do not understand what "decentralization" means. In Liu Cixin's novel "The Three-Body Problem," the characteristic of Earthlings "love to lie" is one of the core understandings of Trisolarans about humanity. "Decentralization" removes "lies," but I cannot elaborate on that here.

Lin Chao is not a preacher, nor do I persuade anyone, and I am too lazy to explain where the opportunities in the industry lie — it’s tiring and offers no benefits. I will continue to analyze the fundamentals, news, and technical aspects for everyone. After all, as the market grows, new people will continuously pour in, and everyone needs a more intuitive understanding and analysis of the industry. I just hope that my followers can all be truly wise individuals.

The success of investment depends not only on choosing good targets but also on when to buy and sell. Preserving capital and making good asset allocation is essential for steady progress in the ocean of investment. Life in the world is like a long river flowing into the sea; what determines victory or defeat is never the gains and losses of a single pass or a moment, but rather planning before action, knowing when to stop and having gains.

The global market is ever-changing, the world is a whole; follow Lin Chao to gain a top-tier global financial perspective.

For real-time consultation, feel free to follow the public account: Lin Chao on Cryptocurrency.

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