Without Big Pu, Moore Threads soared 425% on its first day of listing, with each share rising 486 yuan, and its market value shooting up to 282.3 billion yuan.
A loss-making company with annual revenue of just over one billion, claiming to benchmark against Nvidia and to be the next Cambricon, has reached the peak of market capitalization right after going public.
Founder Zhang Jianzhong, leveraging his background as former General Manager of Nvidia China, started the business five years ago and easily secured investments, hitting the jackpot thanks to the AI chip boom.
While most entrepreneur

Many people have always thought that bear markets are the source of losses, but the truth is exactly the opposite. The reason you feel so much pain in a bear market is because you had already filled up your positions at the tail end of the rally. What really buries people at the peak isn’t the crash itself, but that impulsive decision to double down at the top.
In reality, as long as you gradually build your position when no one is paying attention and the market is so cold it could freeze, losing money almost never happens. Especially with those assets that have stood the test of time—you don

Currency exchange is now a criminal offense!
Why are they so afraid?
The RMB is being issued in massive amounts. If it weren’t for the soaring real estate market absorbing most of the RMB, the currency would have depreciated by ten times or more.
Our total foreign exchange reserves are less than $3 trillion. If everyone goes to exchange, the equivalent RMB should be 21 trillion RMB. So, how could they possibly let you exchange freely?
Don’t think about converting back to RMB; once you convert out, it’s very hard to bring it back in. Because of all kinds of card freezes and those “warm” calls f

Will China allow cryptocurrencies in the future???
In the 1980s, a group of young men and women were executed for so-called "hooliganism." Looking back now, many of those cases wouldn't even count as crimes. That's how times change—what's rejected today is often accepted in the future, even becoming a trend. Cryptocurrencies are the same. Their survival isn't just hype; it's because they truly solve problems of cross-border transaction security and efficiency, and they meet the needs of the global gray and dark web economies—these are things no single country can simply dismiss at will.
Why ar

Dogecoin’s “$1 Dream”: Has Musk Forgotten, or Was It Always a Joke?
Let’s start with a reality check: While Bitcoin and Ethereum keep hitting new highs, the once “top dog” DOGE is still stuck at $0.14. It’s five times away from its all-time high of $0.73. This isn’t a correction—it’s falling behind.
Why can’t it rally anymore? The truth might sting a bit:
1. Institutions are voting with their money: They’re not buying in. Grayscale’s Dogecoin ETF (GDOG) is already listed, but inflows are ice-cold. The traditional big players still see it as a “joke,” not a real asset.
2. Musk’s “magic” is wear

Why do I prefer technical analysis over fundamentals or news?
The core reason is: in the crypto world, aside from Bitcoin and a few mainstream coins, the vast majority are speculation, not investments.
That quote from Livermore had a big impact on me: “The biggest problem is mixing speculation with investment.” Many people claim they’re making value investments when they buy, but when the price drops, they stubbornly hold on, saying, “It’s okay, it will come back up.” But in reality, fundamentals change, so-called value disappears, investments turn into speculation, and there are countless exa

How much is 10,000 yuan from the past worth now?
1978: 10,000 yuan is equivalent to 14.47 million yuan today
1979: 10,000 yuan is equivalent to 12.27 million yuan today
1986: 10,000 yuan is equivalent to 1.78 million yuan today
1987: 10,000 yuan is equivalent to 1.66 million yuan today
1992: 10,000 yuan is equivalent to 930,000 yuan today
1997: 10,000 yuan is equivalent to 262,000 yuan today
1999: 10,000 yuan is equivalent to 110,000 yuan today
2007: 10,000 yuan is equivalent to 59,000 yuan today
2009: 10,000 yuan is equivalent to 31,000 yuan today
2012: 10,000 yuan is equivalent to 19,000 yua

Recently, regarding the stablecoin policy from thirteen departments, some people are even worried that buying or selling USDT will become illegal in the future, and say that because of this policy, Bitcoin will fall below $50,000. My thinking might be different from everyone else’s, so I’ll give you a reassuring countermeasure.
I don’t use USDT for trading; I use C2C to buy and sell Bitcoin. What if that becomes restricted? When redeeming USDT turns into a cash run, the fastest destination for USDT will be to instantly convert it all into Bitcoin. Bitcoin might be instantly pumped to $500,000

Moutai prices have crashed. Will it be embarrassing to treat someone to Moutai in the future?
A few days ago, a friend asked to borrow money from me—100,000 yuan, promising to pay me back within two weeks. I told her I haven’t lent money in a long time and I’d rather not lend this time either. She said it was urgent, and asked if she could just borrow 30,000. I said there’s no difference between 30,000 and 100,000—not lending means not lending.
She said, "Is our relationship not even worth 30,000? What if I die because I don’t have this money?" I got angry and said, "Then just go die," hung up

If the Fed implements a hawkish rate cut on the 11th next week, then Japan is forced to raise rates on the 19th, and the US Christmas holiday comes on the 25th, starting from mid-December, overall financial market liquidity will drop significantly. Don’t wait for the liquidity to dry up in mid-December to panic—reduce leverage, tighten stop-losses, increase cash holdings and defensive positions like gold and Bitcoin in advance as a hedge. Don’t get passively forced to sell at a loss due to the holiday effect. Prepare early for US stocks, gold, and Bitcoin.
Honestly, just bring it on hard. This

Predicting the next actions of most retail investors on the forum
Most retail investors are experiencing a full bull-to-bear market cycle for the first time, and their operating patterns can be clearly seen from the emotions and discussions in the forum.
Typical mentality when transitioning from bull to bear: denial of reality, fantasizing about rebounds, buying more as prices fall.
After the market peaks and starts to turn downward, retail investors are still basking in the afterglow of making money, generally thinking “this is just a correction,” “the fundamentals haven’t changed,” or “insti

In the future, the exchange may shut down C2C, encouraging everyone to buy more USDT. Many people still don't understand this and are worried about withdrawing funds. In fact, what you should be more concerned about is depositing, because once you lose everything, you still need to continue depositing. If you don't keep playing, how can you recoup your investment?
As long as the country has not banned exchanges, it is not a real crackdown; even if C2C is closed in the future, it will only raise the threshold.
So many years have passed, and the country has been cracking down on the cryp

The big dump early yesterday morning was most likely triggered by the potential interest rate hike from the Bank of Japan. As for the domestic policy crackdown, I actually think its impact on the market is not as significant as the interest rate hike by the Bank of Japan.
Let's popularize why we should pay attention to whether the Bank of Japan raises interest rates in December.
The Japanese yen is actually an important "supplier" of global dollar liquidity. A lot of funds are borrowed in yen at low interest rates, then converted into dollars to invest in markets with higher returns; this

The bankruptcy of Zheng Yijian tells us how important it is to choose a good partner.
Caesar and Napoleon's wives both cheated. Yue Fei's wife also divorced him. Wang Baoqiang's wife cheated as well. Wang Lihong's wife also left him. Wu Qilong from Little Tigers has also divorced. Pan Yueming and Jia Nailiang have both been cuckolded. Jiao Enjun was also dumped by his wife. Chen Xiao has also divorced. Li Ming has also divorced.
These people are wealthy, famous, and talented. However, in the end, they still couldn't keep their wives.
So, sometimes a woman leaves her husband

A couple of days ago, the Central Bank issued a document to crack down on Virtual Money. A bunch of people on the square and on X are saying that the crackdown is a good thing. However, the price of $BTC has been rising even more after so many crackdowns by domestic regulatory agencies. Domestic regulation really doesn't need to care, I think these people are really out of their minds.
The cryptocurrency industry relies on new investors continuously joining in to expand the market. One significant reason why this bull market lacks a season for altcoins is that domestic regulation plus tra

The heart is too dark! A 7.5 billion dam project, which concerns the safety of people's livelihoods, actually dares to cut corners.
The pumped storage power station in Yong'an, Sanming, Fujian, has insufficient rebar and inadequate installation length, which has been exposed by reporters.
Interestingly, the design institute, construction unit, and supervision company are actually three subsidiaries of the same group.
Everyone knows that the design institute is responsible for the design drawings, the construction unit constructs according to the drawings, and the supervision is respons

Patiently wait for the Ether upgrade on December 4th.
This is also why ETH is stronger than BTC in the short term.
The market in December should be good.
ETH upgrade ➕ speculation on the Federal Reserve's interest rate cut
So the market trend in the first half of the month should be mainly a rebound.
Continue to hold the ETH long position, we'll see again on December 4th.