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Recently, I saw someone discussing Pi Network, mentioning a stablecoin worth $3,141,592, 100 billion tokens with 1.5x collateralization, and other bold claims. If these numbers are true, it’s quite intriguing, but also raises some doubts.
They highlight technical features like proof of stake, 5-second blocks, smart contracts, decentralized governance, along with low fees and transferable mining rewards. The two-week voting and staking system also sound promising. The question is, can these promises actually be realized?
Honestly, we've seen plenty of such hype in the crypto space. Some believe

Recently, while studying technical indicators, I revisited RSI and found that many traders still have a superficial understanding of this indicator. RSI (Relative Strength Index) essentially measures the strength of price movements over a period using a scale from 0 to 100. The higher the value approaches 100, the stronger the upward momentum; the closer to 0, the more dominant the downward pressure.
Let's start with the most straightforward overbought and oversold signals. When RSI exceeds 70, the market may be overly optimistic, and caution is advised for potential pullbacks; conversely, whe

Recently, a friend asked me how to choose MACD parameters, which made me realize that many people actually have quite a few misconceptions about this indicator. Today, I want to share my thoughts on MACD parameters.
Speaking of MACD, most people use the default 12-26-9 parameters. Honestly, this set of parameters does have its advantages—strong stability, widespread use in the market, and a certain consensus effect. But I later found that the same set of parameters can’t really apply to all markets, especially in the highly volatile environment of cryptocurrencies.
I’ve tried many combinations

Recently, I’ve been thinking about a very interesting social phenomenon, and I wonder if you’ve ever experienced it. You’re especially attentive to friends or colleagues, helping out a lot. At first, they’re extremely grateful, but gradually they start taking your efforts for granted. What’s more awkward is, when you’re unable to help once, you’re instead criticized, as if you’ve changed your mind. Honestly, I’ve fallen into this trap myself — during that time, I really wanted to be the “good guy,” but I found that gratitude didn’t increase, and expectations only grew higher.
Actually, there’s

Recently, I've been thinking about why more and more people are paying attention to cryptocurrency investing. In fact, there are many reasons worth exploring in depth.
First is the potential for returns. Over the past few years, the performance of the crypto market has indeed attracted a large number of investors, and many have gained substantial profits from it. But what's even more interesting is that the benefits of cryptocurrencies go far beyond that. As a relatively new asset class, they have a low correlation with traditional financial assets, which means you can use them to truly divers

Recently, I’ve noticed many newcomers in the community feeling confused about wallet addresses. I’ve decided to organize my understanding, which might be helpful to everyone.
Honestly, the most common concept that can trip people up when entering the crypto space is this. A wallet address is essentially like your bank account number in the blockchain world—a unique ID composed of a specific combination of characters. It looks complicated, but the principle is actually very simple.
Different cryptocurrencies have different address formats, and this is where many people make mistakes. Bitcoin ad

Recently, a friend asked me how to calculate profit and loss (PnL) in crypto trading, and I realized that many people are actually not very clear about this. People might understand the profit-and-loss concept in traditional finance to some extent, but in the crypto world—things like mark-to-market valuation, realized and unrealized PnL—there’s definitely a lot of room for confusion.
Let’s start with the most basic one. In crypto trading, PnL refers to how much profit or loss your investment or trading position makes over a specific period. Without a clear calculation method, trading really ca

Recently, I’ve noticed that many beginners entering the crypto space still feel a bit confused about the importance of seed phrases. Even though wallets issue serious warnings—no screenshots, no photos, and even handwritten backups—many people forget about this after just a few days. Actually, if you don’t understand the logic behind seed phrases, relying solely on scare tactics won’t really make people take it seriously.
Let’s start with private keys. A private key is the ultimate key to your assets—a random 64-character hexadecimal string, extremely complex and impossible for most people to

Recently, I’ve been reviewing the development history of Ethereum, and only then do I truly understand why this project has gone from being mocked to becoming the cornerstone of the crypto world.
The story begins in 2014. A young Russian developer attended a conference in Hangzhou, generously distributing 5,000 ETH to attendees in an effort to share his vision. What happened next? Almost everyone dismissed him as a scammer. But you know what? Those 5,000 coins, initially sent out as waste, later skyrocketed to $150 million. That person is Vitalik Buterin, also known as V God.
Interestingly, V

Recently, I saw Vitalik Buterin's story being brought up again. Every time I read about his experiences, I find it quite inspiring. As the creator of Ethereum, he can be said to have changed the entire blockchain world.
Interestingly, Vitalik's talent didn't come out of nowhere. He was born into a tech family in Russia; his father works in computer science, so he was surrounded by code from a young age. He taught himself programming at 12, able to write games in C++, which was quite rare at the time. But what truly changed his life trajectory was the moment he encountered Bitcoin in 2011.
At t

I recently delved into the story of a person and found it quite worth discussing. Some people in the crypto circle might know the name Sun Yuchen, others might not, but the business empire he has built in the blockchain space is honestly quite staggering in scale.
Eight years ago, when he returned to China to start his business, he said, "My standard for judging a person is how much money they make." Not only did he say this, but he also truly did it. Starting from 2014, when he founded a social app, he spent nearly a decade transforming himself into the head of a business empire spanning publ

Every year on May 22nd, the Bitcoin community celebrates a nostalgic wave. This day is known as Bitcoin Pizza Day, and it carries a legendary story behind it.
The story dates back to May 2010, when Bitcoin was still very new, and no one really knew what it could do. A Florida-based programmer named Laszlo Hanyecz posted on a forum that he wanted to buy two large pizzas with 10,000 bitcoins, with extra sausage, onions, and green peppers—no pineapple. The request seemed crazy at the time because no one took virtual currency seriously.
But four days later, a 19-year-old from California named Jere

Recently, I saw that BERA launched perpetual contracts, and the funding rate once dropped to -2%. This reminded me of a profit-making opportunity that many beginners overlook—earning steady income through funding rate arbitrage.
Actually, the funding rate mechanism is quite interesting. Exchanges designed this fee system to keep the price of perpetual contracts aligned with the spot price. When the contract price is above the spot, longs pay shorts; when the price is below the spot, shorts pay longs. This rate is usually settled every 8 hours, with the main goal of balancing market long and sh

Three days from $3 billion to zero — this is not some fictional story, but a real drama that unfolded in the crypto world. I recently recalled that story — how Su Zhu and Three Arrows Capital went from industry darlings to cautionary tales.
Speaking of Su Zhu, in 2021 he was at the peak of his fame. An entrepreneur from Singapore, starting as a regular trader at Deutsche Bank, he built Three Arrows Capital into a leading industry fund. His trading style was very aggressive — daring to borrow and invest, and the market praised his boldness. But I later realized that behind those seemingly impre

Recently, I've been hearing a lot of discussions in trading communities about top divergence and bottom divergence. Many beginners don't quite understand what these terms mean at first. Today, I want to briefly talk about this topic.
Actually, divergence is simply a phenomenon where price and indicators are not synchronized. You’ll most often see it on indicators like RSI or MACD, but the core logic is quite straightforward—when the price is doing one thing, but the indicator is doing another, it usually means something is about to change.
Let's start with top divergence. Imagine the price kee

I happened to see someone asking what a hodler is, so I’ll give a brief explanation. This term indeed became popular in the Bitcoin community, referring to those who buy coins and hold onto them regardless of market fluctuations.
Honestly, the reason the concept of a hodler exists is mainly because Bitcoin’s price volatility is really intense. As a decentralized asset, its value is entirely determined by market supply and demand. This leads many people to sell eagerly whenever the price goes up, sometimes making hundreds of thousands in profit at once. But hodlers are different—they choose to

Recently, while analyzing some traders' entry signals, I noticed that many people's understanding of the RSI indicator still stays at the superficial level of overbought and oversold. In fact, the usage of this indicator is much richer than most imagine.
Let's start with the basics: RSI is the Relative Strength Index, which uses a scale from 0 to 100 to measure the strength of upward and downward price movements over a certain period. Simply put, when the trend is strong, the RSI rises; when the trend is weak, it falls. Many people see RSI above 70 and think about shorting, or below 30 and thi

Recently, I’ve been working on technical analysis in the stock market again and realized that many people’s understanding of candlestick charts still stays at a superficial level. To be honest, since 1990 when the domestic stock market opened, candlestick charts have been used directly, but after all these years, our research on candlestick charts is still not deep enough.
I’ve discovered an interesting phenomenon: many traders habitually rely on one or two classic candlestick patterns or indicators to make decisions, often leading to pitfalls. Technical analysis is indeed a necessary approach

Recently, I’ve noticed that many novice traders still get confused about identifying bull and bear markets. Today, I want to share some methods I find quite handy.
Actually, the core logic of bull and bear markets is quite simple. A bull market is characterized by prices continuously rising, with each high being higher than the previous one, and each low also higher, usually accompanied by strong buying interest and optimistic sentiment. Conversely, a bear market involves prices steadily declining, with highs getting lower and lows getting lower, and selling pressure clearly increasing. Once y

Actually, many people only realize after entering the crypto space that cryptocurrencies are far more than just Bitcoin. Today, let's talk about the main types of cryptocurrencies.
First is the most established Bitcoin (BTC), which needs no introduction. It is the cornerstone of the entire crypto world, mainly used for store of value and digital currency. Besides BTC, all other coins are collectively called altcoins. This category is quite broad, including well-known projects like Ethereum (ETH), Litecoin (LTC), and Ripple (XRP), each with its own functional purpose.
Further classification inc