Moutai's first drop below the guidance price is essentially due to the liquidity exhaustion of "Lao Deng Culture."
The moat of Baijiu is built on the power and compliance tests at the dinner table, which causes physiological aversion among young people.
Assets with no young buyers are a kind of unsustainable Ponzi scheme.
Choosing a track is the same; avoid tracks crowded with Lao Deng, because their time is running out.

Done! The bubble has completely burst!
After nearly 17 months and a 15-fold increase in stock price during a super bull market, Pop Mart has retraced about 44% in just 4 months, evaporating over HKD 200 billion in market value.
From trendy collectibles to financial products, and back to plastic toys.
The bubble cycle of Pop Mart fully validates Soros's "Reflexivity Theory," which states that stock prices and popularity are mutually causal.
- Positive cycle: Stock price rises -> Media coverage -> IP appears more valuable -> More people buy -> Performance improves -> Stock price continues to ris

It's sad and regrettable, but it's the reality—some country's people's private data is too easily accessible.
This time, Lan Zhanfei made me think of the highly publicized data leak incident of 超x学习通, with rumors saying it involved 170 million pieces of information.
Also just recently exposed, a Shanghai uncle who used his position to help social workers open accounts, and even set up stores on Taobao to publicly offer services.
Years ago, a friend showed me the power of "opening boxes" out of vanity—just a few moves, effortless, almost able to uncover someone's secrets.
Knowing only the ID nu

This is probably the lowest barrier attempt for retail investors to access "institutional-level AI trading" so far.
Warden Trading Terminal has officially launched, directly targeting high-frequency trading scenarios. Its core can be broken down into three aspects:
- Aggregated Depth: The platform directly integrates with Hyperliquid at the underlying level, supporting not only crypto perpetual contracts but also US stock tokens like TSLA and NVDA. It also enables one-click deposits across multiple chains.
- Decision Support: This is the biggest differentiator. The terminal embeds Messari Sign

I don't have any TG groups or channels, don't be fooled.
Additionally, I hope you know:
1/ When dealing with unfamiliar messages on TG, always assume they're scammers by default.
2/ Don't click on any unknown links or files, including PDFs.
3/ Always verify identities through other channels before making any transfers.
I paid hundreds of thousands to learn this lesson—don't repeat my mistakes.
Unless you want to help the scammer buy a Maybach.

Big data, what the hell do you mean?
Watch the video account "Value-added Tax on Condoms Starting Next Year"
Brush "The Risk of Death for 3-4 Children Born to Peking University Graduate Students is the Lowest"
The subsidy for non-marital birth parties in Shenzhen has been credited.
Does this child absolutely have to be born???

Housing prices in Beijing, Shanghai, Guangzhou, and Shenzhen have fully fallen to the levels of 2016.
To be honest, seeing this data makes me feel very heavy-hearted.
On a macro level, we can only dare to scratch the surface and chat.
Housing prices continue to fall, the household sector enters a balance sheet reduction mode, not consuming, not investing, only repaying debts. The 1990s in Japan may be the worst possibility.
At the micro level, it is essential to avoid falling into the "low liquidity asset trap" and the "debt-driven cycle."
In the eyes of Chinese people, housing prices are not

Crack down on Cryptocurrency Trading, maintain high pressure!
Just yesterday, the central bank held a meeting with 13 departments including the police, courts, and prosecutors to take a combined approach against Cryptocurrency Trading speculation.
This crackdown is higher in coordination level and wider in scope compared to previous ones.
The targets of the impact mainly focus on the following aspects:
1/ OTC Trading: Individuals or coin merchants conduct deposit and withdrawal activities through Alipay, bank cards, and the payment of previously suspended accounts involved in virtual currency

99% of people are unaware that it is the ultimate tool for learning English.
「Settings」
Translate everything in daily conversations into English with extremely high accuracy using AI.
It's no less than hiring a 24-hour online English tutor.

It turns out that "good coins nurture people" is not just an empty phrase.
As a fervent believer and evangelist of $BNB , I am convinced by the tremendous transformation of my wealth, career, and body.
- By trading BNBChain Meme and holding BNB and Aster, uh-huh, achieved self-made wealth and over ten million assets at the age of twenty, reportedly aiming for a nine-figure income.
- After purchasing BNB, his business developed steadily, frequently investing externally using personal IP, and has held BNBChain-related events in both Singapore and Hong Kong.
- What surprised me the most is that h

Cold knowledge: Making money doesn't necessarily rely on a rise; having an information spread is enough.
I just saw a KOL mentioning HumidiFi, and I'm not sure if it's an advertisement or just casual talk. I checked the data and was shocked; I had no idea about this project before.
In the past 30 days, HumidiFi has captured 35% of the market share in the Solana DEX, ranking first.
Planning to conduct an ICO through Jupiter DTF in December, it should be the first project.
If the price is right, go for it.

Even the dullest person should learn something from the experience of a friend.
Left-side trading + contract leverage + altcoin targets = suicide
The first lesson of trading is to acknowledge that you are not destined to succeed and to completely abandon the naive idea of "perfectly timing the bottom for a one-time gain".

In this world, there are only "Bitcoin" and "other coins".
When you are excited about a project, whether due to high funding, good endorsements, or a great theme, believing it could become the next Bitcoin,
You might as well take a look at the list of "zombie projects" compiled by Rootdata.
Tell yourself to always stay alert and keep disillusionment at bay.

Charlie Munger once said, the first $100,000 is a ticket to get on board the investment world.
With this 100,000, you truly get on board the table of compound interest, making money with money, rather than relying on selling your labor or depending on luck.
Converted to today's purchasing power, it is roughly equivalent to 250,000 USD.
Recently, newcomers have been eagerly asking me: since the prices have dropped, what should we buy?
My reply has always been simple: cherish every income until you actually save up this 250,000.
Especially during market downturns, it's even more importan