币萍杭州
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Bitcoin reaches new highs every year
Bitcoin recently broke its historical high, surpassing the $110,000 mark. The article reviews Bitcoin's correction phase from early March to mid-April, when the price fell below $80,000, becoming the last opportunity for investors to increase their positions at a low. As the price breaks new highs, the market accelerates upwards, with previous resistance from trapped investors disappearing, driving prices further up.
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇
Newcomers are advised to start with low-risk projects
Must-See for Beginners: How to Choose Your First DeFi Project? A Guide from Entry-Level to Avoiding Pitfalls
In recent years, decentralized finance (DeFi) has attracted global investors' attention due to its high returns and openness. However, for users who are new to this field, the plethora of projects and complex terminology in the market can often be daunting. This article will help you clarify your thoughts and start selecting a suitable DeFi project from scratch.
Step 1: Define Your Goal - Why Are You Choosing DeFi?
Before diving deep into research, first think about your core needs:
1. Seeking Returns?
- For example: Liquid Staking, Yield Farming, and other high-return directions, but you need to accept higher risks.
- Recommendation: Newcomers should prioritize projects with a risk rating of 'Low' or 'Medium' (refer to platform rating tools).
2. Concerned About Asset Security?
- For example: Custodial insurance protocols or DAO governance tools, you need to weigh returns against security guarantees.
- Must-check checklist: Has the project been audited by a third party? Is there a bug bounty program?
Step 2: Core Indicator Screening - The Three Golden Rules
1. Is the Infrastructure Robust?
Smart Contract Code Audit**
Verify code security through platforms like CertiK or ConsenSys Diligence to avoid asset loss due to vulnerabilities (for example: Poly Network lost $600 million due to a vulnerability).
Token Economics Design**
Focus on 'Inflation Rate' and 'Unlocking Period'. High-inflation tokens (like early projects) may pump in the short term, but their long-term value is questionable. Compare with competitors in the same track:
For example: Aave vs. Compound's liquidity mining reward distribution ratio differences.
2. Community Activity and Team Transparency
- Monitor the project's update frequency on social media (Twitter/X, Telegram), the response speed of official announcements reflects operational efficiency.
Team Background**: Have the development members open-sourced their past works? Do they have experience in the blockchain industry? (Reference: Etherscan's contract deployment records)
3. Liquidity and Compliance Risks
- Check whether the platform supports fiat deposits and withdrawals (Custodial Wallets are more friendly for newcomers) and the depth of mainstream cryptocurrencies.
Compliance Focus**: Is the project actively applying for licenses? For example: DeFi protocols invested by Coinbase Ventures must comply with U.S. regulatory requirements.
In recent years, decentralized finance (DeFi) has attracted global investors' attention due to its high returns and openness. However, for users who are new to this field, the plethora of projects and complex terminology in the market can often be daunting. This article will help you clarify your thoughts and start selecting a suitable DeFi project from scratch.
Step 1: Define Your Goal - Why Are You Choosing DeFi?
Before diving deep into research, first think about your core needs:
1. Seeking Returns?
- For example: Liquid Staking, Yield Farming, and other high-return directions, but you need to accept higher risks.
- Recommendation: Newcomers should prioritize projects with a risk rating of 'Low' or 'Medium' (refer to platform rating tools).
2. Concerned About Asset Security?
- For example: Custodial insurance protocols or DAO governance tools, you need to weigh returns against security guarantees.
- Must-check checklist: Has the project been audited by a third party? Is there a bug bounty program?
Step 2: Core Indicator Screening - The Three Golden Rules
1. Is the Infrastructure Robust?
Smart Contract Code Audit**
Verify code security through platforms like CertiK or ConsenSys Diligence to avoid asset loss due to vulnerabilities (for example: Poly Network lost $600 million due to a vulnerability).
Token Economics Design**
Focus on 'Inflation Rate' and 'Unlocking Period'. High-inflation tokens (like early projects) may pump in the short term, but their long-term value is questionable. Compare with competitors in the same track:
For example: Aave vs. Compound's liquidity mining reward distribution ratio differences.
2. Community Activity and Team Transparency
- Monitor the project's update frequency on social media (Twitter/X, Telegram), the response speed of official announcements reflects operational efficiency.
Team Background**: Have the development members open-sourced their past works? Do they have experience in the blockchain industry? (Reference: Etherscan's contract deployment records)
3. Liquidity and Compliance Risks
- Check whether the platform supports fiat deposits and withdrawals (Custodial Wallets are more friendly for newcomers) and the depth of mainstream cryptocurrencies.
Compliance Focus**: Is the project actively applying for licenses? For example: DeFi protocols invested by Coinbase Ventures must comply with U.S. regulatory requirements.
Watching K-lines every day, my mood fluctuates accordingly
The Illusion of Accumulating Coins:
I now need to be frugal, not buy a car or a house, and it would be best to sell my car and house to buy coins. All the money earned outside, after daily expenses, is used to accumulate BTC. I just need to buy enough BTC, and in 10 years I can travel around the world and be completely free; if I buy enough BTC, in 13 years I will be financially free and no longer have to struggle for a living. If I endure, it will eventually come; the next generation won't have to worry. Bitcoin should never be sold; no matter how hard it gets, I can't sell my coins to maintain a living. The BTC that I can't spend will be passed down to future generations. This is a relatively simple illusion. When you have these fantasies, your love for BTC surpasses fiat currency, and it becomes your precious hope. The Illusion of Spot Traders:
Every time I see the fluctuating K-line, each fluctuation is a wealth opportunity. I just need to buy at the trough and sell at the peak, making 5% profit each time, 100% in a month, and ten times in a year, simple as that. This is the rhythm of financial freedom, but unfortunately, I currently lack capital and trading skills. So I bought dozens of books on trading techniques, studying day and night, taking notes in several notebooks. I stopped going out for food, fun, and entertainment, and dedicated myself to trading, viewing Livermore as my greatest idol. I fantasize about making money to live in a large apartment in a first-tier city, buy a luxury car, find a beautiful woman, and return to my village in a luxury car during the New Year to bring honor to my family, hitting back hard at those relatives and friends who looked down on me. The Illusion of Trend Traders:
The coins I buy are rising every day, so my wealth increases every day. Every morning I wake up to find my net worth has increased significantly, and sleeping becomes the most anticipated thing. When it doesn’t rise during the day, I feel frustrated, with a voice in my heart saying: why didn’t I sell at the high and buy back when it drops? That way I could earn more. Finally, the big market comes, and in half a day, my assets double, and I start thinking: if only I had leveraged a bit. The next day, assets pull back, and 20 million becomes 18 million, feeling like I lost 2 million. I start blaming myself for not selling, secretly deciding I will sell when it returns to 20 million. But when it rises to 25 million, I forget the pain of loss. On the last day, it drops 30%, leaving 17.5 million, feeling like I lost 7.5 million in one day. Yet I never thought that this money was just a temporary floating profit that the market allowed me, destined not to stay in my account. Only when the bear market ends and I lose everything do I realize: the only thing I can control is how much I sell, and the so-called profit is just an illusion.
I now need to be frugal, not buy a car or a house, and it would be best to sell my car and house to buy coins. All the money earned outside, after daily expenses, is used to accumulate BTC. I just need to buy enough BTC, and in 10 years I can travel around the world and be completely free; if I buy enough BTC, in 13 years I will be financially free and no longer have to struggle for a living. If I endure, it will eventually come; the next generation won't have to worry. Bitcoin should never be sold; no matter how hard it gets, I can't sell my coins to maintain a living. The BTC that I can't spend will be passed down to future generations. This is a relatively simple illusion. When you have these fantasies, your love for BTC surpasses fiat currency, and it becomes your precious hope. The Illusion of Spot Traders:
Every time I see the fluctuating K-line, each fluctuation is a wealth opportunity. I just need to buy at the trough and sell at the peak, making 5% profit each time, 100% in a month, and ten times in a year, simple as that. This is the rhythm of financial freedom, but unfortunately, I currently lack capital and trading skills. So I bought dozens of books on trading techniques, studying day and night, taking notes in several notebooks. I stopped going out for food, fun, and entertainment, and dedicated myself to trading, viewing Livermore as my greatest idol. I fantasize about making money to live in a large apartment in a first-tier city, buy a luxury car, find a beautiful woman, and return to my village in a luxury car during the New Year to bring honor to my family, hitting back hard at those relatives and friends who looked down on me. The Illusion of Trend Traders:
The coins I buy are rising every day, so my wealth increases every day. Every morning I wake up to find my net worth has increased significantly, and sleeping becomes the most anticipated thing. When it doesn’t rise during the day, I feel frustrated, with a voice in my heart saying: why didn’t I sell at the high and buy back when it drops? That way I could earn more. Finally, the big market comes, and in half a day, my assets double, and I start thinking: if only I had leveraged a bit. The next day, assets pull back, and 20 million becomes 18 million, feeling like I lost 2 million. I start blaming myself for not selling, secretly deciding I will sell when it returns to 20 million. But when it rises to 25 million, I forget the pain of loss. On the last day, it drops 30%, leaving 17.5 million, feeling like I lost 7.5 million in one day. Yet I never thought that this money was just a temporary floating profit that the market allowed me, destined not to stay in my account. Only when the bear market ends and I lose everything do I realize: the only thing I can control is how much I sell, and the so-called profit is just an illusion.
Consumers should keep transaction records when trading.
According to Decrypt, the American chain restaurant Steak'n Shake has recently started accepting Bitcoin as a payment method, but tax experts warn consumers to be aware of the associated tax risks. According to the Internal Revenue Service (IRS) regulations, cryptocurrencies are considered property rather than currency, and any use of Bitcoin to purchase goods is regarded as a taxable transaction.
Lawrence Zlatkin, Vice President of Tax at Coinbase, explains that consumers need to calculate the difference between the purchase price of Bitcoin and its market value at the time of use as capital gains or losses, and pay the corresponding taxes to the IRS. Experts suggest that consumers keep all transaction records and choose a consistent method for tax reporting.
Although the IRS generally does not audit taxpayers for small transaction omissions, the risk still exists as centralized exchanges report more user transaction data to the IRS. Using stablecoins pegged 1:1 to the dollar to purchase goods does not incur tax risks.
Lawrence Zlatkin, Vice President of Tax at Coinbase, explains that consumers need to calculate the difference between the purchase price of Bitcoin and its market value at the time of use as capital gains or losses, and pay the corresponding taxes to the IRS. Experts suggest that consumers keep all transaction records and choose a consistent method for tax reporting.
Although the IRS generally does not audit taxpayers for small transaction omissions, the risk still exists as centralized exchanges report more user transaction data to the IRS. Using stablecoins pegged 1:1 to the dollar to purchase goods does not incur tax risks.
Everyone participates in Bitcoin, making the world circulate
Bitcoin, also known as Bit Gold, is a form of currency proposed by Satoshi Nakamoto in 2008 and is an electronic currency generated by open-source P2P software. Bitcoin is a network virtual currency that can be cashed out, and its credibility is not supported by any individual or organization, but is based on natural algorithms, belonging to natural credit currency. On November 1, 2008, Satoshi Nakamoto published the Bitcoin white paper 'Bitcoin: A Peer-to-Peer Electronic Cash System', presenting his new vision for electronic currency. On January 3, 2009, Satoshi Nakamoto mined the first block of Bitcoin, known as the 'Genesis Block', earning the first mining reward of 50 bitcoins. On July 17, 2010, the largest Bitcoin trading website in the world, MTGOX, was established, and at that time, the price of Bitcoin was less than $0.05. In February 2023, the International Monetary Fund developed a nine-point action plan: not to grant Bitcoin and other cryptocurrencies official or legal tender status. On April 18, 2024, at 14:00 (UTC+8), Binance NFT ceased to support Bitcoin NFT trading and recharge services. Compared to legal tender, Bitcoin does not have a fixed issuer; rather, it is generated by the calculations of network nodes, and anyone can participate in the creation of Bitcoin. It can circulate globally, be bought and sold on any computer connected to the Internet, and anyone can mine, trade, or use Bitcoin regardless of their location, with transaction records being public and transparent. The total number of Bitcoins is limited; the currency system was capped at no more than 10.5 million within the first four years, and the total number will be permanently limited to 21 million afterward. Bitcoin has validated the technical feasibility of electronic currency, created a new payment experience through pure software and peer-to-peer methods, and also established a completely new tripartite accounting model. On May 22, 2025, Beijing time, Bitcoin briefly surged to $111,886.41 in a single day, setting a new historical high.
Binance is not only a global leading cryptocurrency trading platform, but also a synonym for innovation and security. Here, you can easily trade mainstream coins, emerging assets, NFTs, etc., enjoying low fees and efficient services. Binance Launchpad helps quality projects with early layout, and Binance Academy provides professional learning resources, giving your investments more confidence. At the same time, Binance's cold wallet and intelligent risk control system safeguard your assets. The future is here, join Binance, and seize the opportunities of the digital economy!
Very good 👍
Must-See for Beginners: How to Choose Your First DeFi Project? A Guide from Entry-Level to Avoiding Pitfalls
In recent years, decentralized finance (DeFi) has attracted global investors' attention due to its high returns and openness. However, for users who are new to this field, the plethora of projects and complex terminology in the market can often be daunting. This article will help you clarify your thoughts and start selecting a suitable DeFi project from scratch.
Step 1: Define Your Goal - Why Are You Choosing DeFi?
Before diving deep into research, first think about your core needs:
1. Seeking Returns?
- For example: Liquid Staking, Yield Farming, and other high-return directions, but you need to accept higher risks.
- Recommendation: Newcomers should prioritize projects with a risk rating of 'Low' or 'Medium' (refer to platform rating tools).
2. Concerned About Asset Security?
- For example: Custodial insurance protocols or DAO governance tools, you need to weigh returns against security guarantees.
- Must-check checklist: Has the project been audited by a third party? Is there a bug bounty program?
Step 2: Core Indicator Screening - The Three Golden Rules
1. Is the Infrastructure Robust?
Smart Contract Code Audit**
Verify code security through platforms like CertiK or ConsenSys Diligence to avoid asset loss due to vulnerabilities (for example: Poly Network lost $600 million due to a vulnerability).
Token Economics Design**
Focus on 'Inflation Rate' and 'Unlocking Period'. High-inflation tokens (like early projects) may pump in the short term, but their long-term value is questionable. Compare with competitors in the same track:
For example: Aave vs. Compound's liquidity mining reward distribution ratio differences.
2. Community Activity and Team Transparency
- Monitor the project's update frequency on social media (Twitter/X, Telegram), the response speed of official announcements reflects operational efficiency.
Team Background**: Have the development members open-sourced their past works? Do they have experience in the blockchain industry? (Reference: Etherscan's contract deployment records)
3. Liquidity and Compliance Risks
- Check whether the platform supports fiat deposits and withdrawals (Custodial Wallets are more friendly for newcomers) and the depth of mainstream cryptocurrencies.
Compliance Focus**: Is the project actively applying for licenses? For example: DeFi protocols invested by Coinbase Ventures must comply with U.S. regulatory requirements.
In recent years, decentralized finance (DeFi) has attracted global investors' attention due to its high returns and openness. However, for users who are new to this field, the plethora of projects and complex terminology in the market can often be daunting. This article will help you clarify your thoughts and start selecting a suitable DeFi project from scratch.
Step 1: Define Your Goal - Why Are You Choosing DeFi?
Before diving deep into research, first think about your core needs:
1. Seeking Returns?
- For example: Liquid Staking, Yield Farming, and other high-return directions, but you need to accept higher risks.
- Recommendation: Newcomers should prioritize projects with a risk rating of 'Low' or 'Medium' (refer to platform rating tools).
2. Concerned About Asset Security?
- For example: Custodial insurance protocols or DAO governance tools, you need to weigh returns against security guarantees.
- Must-check checklist: Has the project been audited by a third party? Is there a bug bounty program?
Step 2: Core Indicator Screening - The Three Golden Rules
1. Is the Infrastructure Robust?
Smart Contract Code Audit**
Verify code security through platforms like CertiK or ConsenSys Diligence to avoid asset loss due to vulnerabilities (for example: Poly Network lost $600 million due to a vulnerability).
Token Economics Design**
Focus on 'Inflation Rate' and 'Unlocking Period'. High-inflation tokens (like early projects) may pump in the short term, but their long-term value is questionable. Compare with competitors in the same track:
For example: Aave vs. Compound's liquidity mining reward distribution ratio differences.
2. Community Activity and Team Transparency
- Monitor the project's update frequency on social media (Twitter/X, Telegram), the response speed of official announcements reflects operational efficiency.
Team Background**: Have the development members open-sourced their past works? Do they have experience in the blockchain industry? (Reference: Etherscan's contract deployment records)
3. Liquidity and Compliance Risks
- Check whether the platform supports fiat deposits and withdrawals (Custodial Wallets are more friendly for newcomers) and the depth of mainstream cryptocurrencies.
Compliance Focus**: Is the project actively applying for licenses? For example: DeFi protocols invested by Coinbase Ventures must comply with U.S. regulatory requirements.
Said it was good
Bitcoin recently broke its historical high, surpassing the $110,000 mark. The article reviews Bitcoin's correction phase from early March to mid-April, when the price fell below $80,000, becoming the last opportunity for investors to increase their positions at a low. As the price breaks new highs, the market accelerates upwards, with previous resistance from trapped investors disappearing, driving prices further up.
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇
The article mentions that some bearish views based on traditional financial indicators (such as the AAPL/BTC ratio) were broken, which had predicted Bitcoin would peak at $100,000, but the actual trend proved them ineffective. The author points out that relying on a single indicator for investment decisions is unreliable, as the market often breaks existing experiences.
The author did not fully chase the rise, but instead remained cautious, waiting for a better entry point. At the same time, they criticized investors for their irrational mentality of not daring to increase their positions during sharp declines and blindly chasing highs during surges. Lastly, it mentions that changes in U.S. policies (such as the 90-day suspension period) provide a short-term window for the market to go long, but one must be cautious in timing. Overall, Bitcoin's strong performance continues to challenge the perceptions of traditional financial markets, and investors need to remain rational, avoiding emotional trading.
If you like this article, please like, share, and support it 👇👇👇
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