Mexc is going shameless mode these days, many users have complained on X that their funds are frozen & taken. I got wiped out for 92k USDT too.
I made my profit through several news trades, 5x'ed my bag on mexc futures in 15 days, and then my account was frozen.
I contacted
Why Mexc often freeze /take profitable users' assets? Because they are market-making themself, they play the role of a casino and trade against users, users win = their loss, and users lose = their win. If you are too profitable then you become a troublemaker for their
Under this thread, there will be a shit ton of mexc spam bots that will comment "this is fud, you should contact cs department" or "this is fud, you were frozen because you didn't KYC" or "this is fud, you are hired by other exchanges to fud mexc"
What I wanna say to you is:
My case isn't a single case, there's a guy's complaint tweet here that was retweeted by a tons of ct
also this chinese ct influencer complaint too:
but there are also many people whose voice cannot be heard in the mexc's telegram
If you check their order book you'll notice that their book is much thinner than other exchanges, even thicker than Binance. Those liquidities are forged, but you can actually get fill on that. However, if you profited too much from one position in a short period of time, you'll
I know mexc exchange
@MEXC_Official
@MEXC_EN
is ran by Chinese, so I'm gonna tell you some encrypted advice in Chinese:
你们的做市部门真的应该被全体解雇,为什么有那么多好路要走你们偏偏要走最蠢的一条?把赚钱的人给封号 没收资产,那还有人敢来你赌场玩吗?
Introducing to a free tool that aggregates timeline of some of the narritive&order flow&news traders on CT,
It also uses GPT4o to analyze the sentiment, tho the result could be wrong because AI can't fully understand some of the ct wordings.
- the real approval should have a PDF file on the sec website, but there’s no.
- the real approval will be reported by Bloomberg or Reuters within 1-2 minutes, but there’s no
- the real approval will be reported by
@z00m3rf13d
or
@tier10k
within 1-2 minutes , but there’s no
-
Binance's listing department has discrimination over meme coins, thinking that meme coins are speculative and don't contribute value to the industry. But bros forget that one of the biggest values of crypto is speculation & gambling. The tales of some random little shrimps that
I love long lasting crypto businesses that are either:
- there’s no loss when the market is bad, you make more when the market is good, you make less when it’s bad. For example: News Trading, botting, affiliation, MEV
Or
- have high entry barriers/ require specific edge/
My advice to young people:
- Find your passion and grind, you need to work harder than competitors to surpass them
- Find arb opportunities based on information gap, there's a ton of them
- outsourcing the unimportant work to people who have cheaper time or better skills than you
Loaded 400k USD spot bag in alts, cuz I see there's blood on the street. Most of them are previous Binance launchpool VC shits, yeah they used to have high FDV, but now they are in fair price & low-mid mc.
I kept the cash and now buy at 80-90% discount than the top buyers, its
- Surround yourself with good profitable players in this market, get away from normie communities like some specific coin's bag holder group
- Don't gamble or ape on uncertainties like a normie, focus on trading certainties
- discover the efficiency of the market and exploit it
My personal recap:
1. Should've focused more on LONG trades
2. Only trade on confidence plays, and DO NOT GAMBLE.
3. Build edge, and compete with other players with strong tools. Because it's an ultimate PVP game in the bear.
4. Hustle&Speculate, as long as it's not illegal
I'm moving my portfolio to the US stock market a bit, is there any recommendation for traders to follow on X or Youtube? The filter is:
- At least have a 5m portfolio
- Traders that have good sense with market, aka: calls bottom at bottom, calls top at top
A thread about my crypto oil fields theory:
Besides gambling, in this market, there're some opportunities that 100%ly make you money, and I call them "crypto oil fields".
The worst way to enter/exit a position in short intervals: TWAP in a constant size + constant interval. The market maker will be able to detect your intention of getting in/out by analyzing transactions, and they know you have the willingness to pay high trade slippage.
Now fully closed this ETH position, because the market doesn't like ETH narrative anymore. ETH is weak as fuck, if Vitalik can't control his dick, ETH is gonna be as dead as DOGE
Oh yeah, Mexc's funny response
- "misinformation and baseless claims"
I literally have the chat record from your own support team lol and there are hundreds of complaints on multiple social media platforms showing you are freezing & taking profitable users' assets.
If you
Dear MEXCers,
Recently, there have been rumors circulating on the internet trying to smear the platform by spreading misinformation and baseless claims. We would like to clarify the facts for our valued users to ensure that the information you receive is accurate and truthful.
Just did a news trade on XRP, but I sold too soon, so I decided to enter a bag of $XLM since its XRP's beta. Last time XLM did a 100% pump after the case win
Longed 100k $BOND as a gambling trade.
- a lot of people shorted for the Binance delist trade, but Binance only delists BOND's spot and won't delist perp
- 14m market cap with Binance perp, good PA manipulation potential
generally betting on a short squeeze narrative
remember,
I got 200k stuck in FTX, never able to withdraw them out, unfortunately. But I managed to make it all back through the daily youth contribution.
In the past 8 days I traded:
- Binance acquisition news
- FTX bankrupt news
- Binance disabled deposit news
- Binance delisting news
- I only spend a small percent of my time in entertainment and mostly use my time to grind or earn new tech and knowledge.
- I know that people are better than me on different edges so I'm open to socializing with excellent people
- I diversify my portfolio in Tradfi &Crypto
The recent SEC actions make the Ripple case juicier for news traders since it's the frontier of the crypto vs. sec battle now. If Ripple wins the case, it will boost the overall sentiment, and the entire market gonna rally alone with the mega pump of XRP.
I'm kinda bearish on the growth prospects of the crypto market:
So far, the core fundamental value of the Crypto market remains:
- A convenient global payment system for people worldwide.
- An online gambling platform accessible to people globally.
Through 2021, I buy Dogecoin whenever Elon tweets then dump it on retail investors after a few minutes, also buy manually on some tweets that mention another coin like $SHIB and $PEOPLE, made at least 1.5m from Elon alone, thank you by the way @ elonmusk.
@Pentosh1
People will still ignore different top signals at the peak of next bull runs and will yet find another bunch of reasons to support the infinity bull theory
I know the risk of making this nw at this age is laziness,ego, the concentration of portolio and gambling. Just look at those unfortunate examples at
@coinfessions
. I won't make the same mistakes like those guys.
In my vision: In the next bull run, news trading will be a very common&popualar thing, and everyone in the market can easily participate in it. Meaning? The more popular it is, the more unprofitable it will become.
40% of my portfolio is in tradfi, which consist of 10-30Y US bond, the Chinese index, the Vietnam index, Chinese tech, US tech, and a small portion of SP500. I'm generally pro emerging market and tech in 2023 because I believe the US's high interest cannot last long.
First, how did I make my fortune, I started doing internet business at the age of 14, and from the age of 14 to 19 I made my wealth through open [] game servers & sell products from the West to East and West to East, I call it geo-arbitraging.
I view the crypto market as a lawless Las Vegas in general, and I act as a professional cheater -> exploiting other game participants and some casinos with inefficient rules.
Closed 1.5m during the journey, still left a 1.5m bag aiming for week long holds.
Thesis is that good traders of the market all believes the market has bottomed, as long as they supports this narrative I’ll hold my bag for a couple more days.
Hopefully we can see Asian stock
Gambling to me is a haram activity, but it's human nature to gamble in crypto and trade sometimes. So whenever I wanna proof I'm right on uncertain trading bets, for example, short $CYBER and buy PUT on $NVDA,$COIN, I use 1-10k capital on it to test if I'm wrong or right.
The best way to enter/exit a position in a short period of time: Execute your trade in one shot on all the exchanges that are available, on both spot and perp, with the same price limit on the same millisecond. Leave no opportunity for market makers to take advantage of.
In late 2021, I discovered that not only Elon's tweets can drive the market, but also some exchange announcements, especially the C[], U[], and B[]. If I can get in first on those certain events, the profitability is 100%. So I worked on building infra to snipe those events.
I did a few successful shots but later realized that I have to automatically trade the event to be competitive, so in April 2021 my dev guy made an auto-trade dogecoin bot based on Elon's tweets for me. It was a great success, I made at least 500k from that bot.
I take my chance in March 2021, at that time, whenever Elon tweets about Doge or dog keyword, Dogecoin's price will rally. At that time I let my dev guy develop a monitor bot to track every Elon's tweet. Then I buy manually when the Doge is tweeted.
@avi_eisen
OKX uses the Alibabacloud Hong Kong zone as its main infrastructure, and the Hong Kong C zone has a hardware failure today that affects all users.
But still good enough, by the age of 20 my nw is around 1m. I was fucking around and shorted BTC at the price of 32k and the position was liquidated after the Tesla accept BTC news, lost 50k at the time. That was probably the greatest loss I have by % of net worth.
Eventually, in 2022, I became one of the fastest botters on the market, and I bought almost every profitable event. I think my business is similar to MEV, I front-run and profit from people's mistakes&desire&inefficiency.
Just realized that some people followed this trade and still holding it because I forgot to post the info that I’ve already closed just a couple minutes after the trade.
Sorry for your loss, but here’s the tip:
- If you are doing a news trade, trade the expectation, close when
for further clarification, I'm not bearish on the crypto industry, I'm bearish on its growth rate. My point is that the 2020-2021 bull run is hard to replicate and we're not likely gonna see it for years of time. Using Nasdaq chart after dotcom bubble as illustration:
But that event made me wonder: Stupid retail investors are willing to buy bags on Tesla news, interesting, If I can get the news the first time, load the bag and then dump it on those dumb people, I can profit from it.
Reaching this net worth is a milestone in my life, but I take it easily. I still grind to 4am(It's 6am in China rn btw) and optimize my bots to stay competitive.
60% of my assets are in crypto, and my current crypto portfolio consists of 90% USDC, and USDT holdings in Crypto because I need stablecoin for my botting, news trading business. also have 10% in BTC spot holdings as a long term holding.
There's always information gap between China and the West, for instance, the Chinese labor cost is usually 1/7 of that in the West. The West's newest technology is always more advanced than China's, for example, everyone in the West now knows ChatGPT but most Chinese don't
In 2023 my efforts in optimizing bots& build infras and trading skills were paid, I made a ton from botting events like B[] U[] C[] listings & Elon. Also manually traded some major events like SVB fed bailout, ripple case win, eth etf, grayscale win.
During the 2022 bear, I've kept sharpening my latency edge, at the time my goal for myself is "grind in the winter, then harvest from spring and summer". I grind 10 hours on average building new bots and optimizing latency and trade a few big events like FTX-Binance acquisition.
@MingXMecca
Westerners might not familiar with this, but in Chinese stock market there’s a well known underground rule that every listed stock has a ‘market cap management team’ which means company hire a team to manage their stock price, Most of the chinese-found crypto project does too.
THE FUD OUT: My dad is a trade investor(he made 2m nw on real estate and stocks) and unfortunately he fud me out of ETH and BTC holdings because he thinks crypto is in the bubble at Jan 2021. At the time my portfolio was only 3x, sold my ETH at 969 was a big mistake.
Lost another $2000 by trying Narrative trading. Feels like it just doesn’t fit me cuz I’m a hustler that cannot hold speculative position for long, also I cannot tolerate a position lose more than 2%. Will focus more on bot trading in the future.
I shouldn't tweet this cause it'll hurt my reputation but still wanna tweet it: I entered a 10k worth of bag in $TORN, the smallest market cap on the Binance spot market now. The MC is currently at 4.6m and only has a BUSD pair.
Wash trading continues going on in the Binance perp market. Early today it was $AXS now it is happening on the $CVX $DODO market. probably some users' API key is leaked and is been used for pumping inliquid coins to wash trade money out.
@sisibinance
有部分用户的api可能泄露了
From botting business, In 2022, by the age of 21, I already have a 4m net worth and 4 developer employees, I have multiple streams of income from manual news trading, automatic botting, and [](rly cannot share it until the edge is gone).
The recent SEC actions make the Ripple case juicier for news traders since it's the frontier of the crypto vs. sec battle now. If Ripple wins the case, it will boost the overall sentiment, and the entire market gonna rally alone with the mega pump of XRP.
My prediction: Fed will be forced to slower or stop reduce of Balance sheet some time in Q2 or Q3 this year just like what they did in January of 2019. And that is the signal of new bull market run begin. How to bot trade this event is worth look into.
now supports: God Traders only mode
I personally prefer enabling it because those tier 1 players in the list are better at market timing and they are influential enough to create narrative
Hedged 1/3 of my $BTC spot holding here on Binance 0331 delivery perp.
Reason:
- Wanna secure some profit now to put my mind in a better spot holding status
- The annualized BTC contango passed 15% at peak, indicating the market is a bit of greed
Anyway, accumulated 500k wealth at the age of 19, and then I entered Crypto because I heard from a former Chinese client of mine that he made millions of fortune from crypto mining and opening crypto online casinos. I became a holder of ETH and BTC 2020.