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Buy in panic, sell in FOMO

Next year, Token2049 will be in New York, and we crypto bros don't have Social Security… can we go to the United States

The recent flurry of social security policies shows they’re desperate—running short of retail investors to fleece

Xiao Chi’s Diary, Day 3
1. The Middle East is firing missiles again, and this has really turned into a protracted war; it feels like there won’t be much progress before the midterm elections
2. It’s the weekend, and the crypto market is completely stagnant; it’s really hard to play these days, there was so much innovation during the previous bear market, but now all the little creative geniuses have gone to work on AI, so there’s really not much to write home about

The crypto market is incredibly exciting: on October 11 last year, the entire market was involuntarily liquidated, while on October 11 this year, the entire market lined up to voluntarily liquidate positions

I’m planning to force myself to start writing a diary—the first day of Xiao Chi’s diary
1. A-shares opened with a massive move, while optical modules and semiconductors completely lost it. Every time there’s a pump, you’re nowhere to be found; every time there’s a drop, you’re fucking there.
2. The biggest news today was still Dongchedi’s test of a “Huawei” MPV—the brakes failed outright. Apart from Huawei’s blood-pressure-monitoring watch, I’ve never bought any Huawei products. I’ve always felt that brands with a label attached come with a premium.
3. The crypto market was very boring t

The brakes have failed, so others will never be able to catch up now, right? If a product is always associated with patriotism, it commands a very high premium.

Unable to replicate last year’s National Day pump, but last year’s October 11 market action can be replicated.