Industry Trend - The document highlights a recurring pattern of "transaction mining" in the cryptocurrency space, occurring approximately every two years: 2019 (ft), 2021 (dydx), 2023 (zkf), and projected for 2025 (aster) [1] - The industry questions the sustainability of this "transaction mining" model over a longer period, specifically a decade [1]

Investment Philosophy - Belief in oneself is more important than ability for making significant profits in the cryptocurrency space [1] - Those who make large profits in the crypto space are often those who are steadfast in their beliefs and ignore negative opinions (FUD - Fear, Uncertainty, and Doubt) [1] - Blaming external FUD for selling too early indicates a lack of strong conviction [1] Market Observations - Many participants in the cryptocurrency space accumulate wealth through multiple smaller projects rather than a single large gain [1]

没什么好说的，菜就多练。我傻逼，3%-4%筹码又被洗了。 https://t.co/UEbp4wtGCt ...

Security Concerns - The report raises concerns about safety in Singapore, mentioning a kidnapping incident where an individual was abducted from Singapore and taken to Johor Bahru (新山), Malaysia [1]

Trading Strategy Analysis - The document discusses arbitrage between Binance and HypeXpl, focusing on price premiums [1] - It raises a question about calculating profits when a malicious actor takes a long position on Binance at 1.2 ADL and profits significantly [1] Risk Considerations - The scenario involves a "malicious actor," suggesting potential market manipulation or unethical trading practices [1] - The question implies a need to understand how to quantify profits in potentially illicit or high-risk arbitrage situations [1]

还有人去hype上做空xpl。操纵者明摆者还没平仓，你还要去当对手盘。一个中午又多了1400万刀持仓。用脑子想想，这么大价差，mm和大户不敢抹平，还一直在扩大，为什么？？就你聪明。 ...

Risk Management - The author expresses concern about the risks associated with hedging strategies in initial public offerings (IPOs), specifically mentioning "套保pump打新" (hedging pump IPOs) and the potential for significant losses [1] - The author's reluctance to engage in strategies like "spk-yt套保" suggests a general aversion to complex or high-risk hedging activities [1] Market Opinion - The author questions whether those who engaged in hedging pump IPOs are now experiencing regret ("一身冷汗"), implying that these strategies may not have been successful [1] - The author suggests that negative experiences are valuable lessons, implying that those who haven't suffered losses from such strategies may face greater consequences in the future [1]

当年okex在312的时候赔了。具体忘了是什么原因。就是第一天下午到6000的时候，okex程序出了啥问题，导致我爆了5个btc。3个月9800的时候全赔了。还是按照btc赔的。 ...

老师的聊天记录找到了，差点封神。 https://t.co/SeRYCUqYi9憨巴龙王 (@dotyyds1234):Xpl没中招。wlfi中招了。运气差是昨天下午本来准备平了。结果只平了一半，就去打游戏没看了。运气好是最近有点懒，没开多少。Pump当时看到4-5亿刀持仓，在1.4-2.1挂了3-4m的梦想单，等人操纵。结果，梦想在xpl。 ...

Trading Performance - A trader experienced a loss of $80,000 USD due to perceived laziness and market manipulation [1] - The trader aimed to liquidate 1-2x margin positions with a target price range of $1.4-2.1 USD during a pump [1] - Market manipulation is perceived to be more prevalent now [1] - XPL's experience validated the trader's strategy [1] - A previous pump with $400-500 million USD in holdings did not involve manipulation [1]