The comedian actually profited instead of losing money; what was the bookmaker betting on? Justin Sun: Nice pen, it's mine!
Written by: Nicky, Foresight News
Welcome back to "Hot Commentary," where we take you through the most outrageous and mind-blowing moments in Web3 and the tech world every week!
Happy Valentine's Day tomorrow, and Lunar New Year's Eve the day after! Wishing all lovers a happy ending, and everyone a prosperous and lucky Year of the Horse!
Without further ado, let's dive right into this week's exciting filming!
With the market downturn, are comedians the first to recoup their losses?
A trending Reddit post: "How will we choose?"
The image presents four options: buy gold or silver, sell crypto at a loss, hold until it goes to zero, or continue to buy the dips.
A highly-rated comment hit the nail on the head: "Selling low and buying high? No wonder you're a true buddy in the crypto!"
Another suggestion was even more disheartening: someone recommended switching directly to the S&P 500 index, claiming it embodies all bubbles. A comment replied: "The S&P 500 is the least suitable asset to buy; I won't buy it, thank you."
Faced with the panic of new investors, a veteran with the ID erjo5055 left a classic quote: "Dude, is this all? If you can't even handle this little bit of volatility, you'd better not trade cryptocurrencies."
"I went from a 900% unrealized profit to a 500% drawdown, do you think I would cry?" A netizen in the comments section posted their real trading account: currently still with a 500% unrealized profit, and at its peak, the profit exceeded 900%.
"Do you think I'd cry over a 500% profit?" Some people can't sleep all night after a 10% pullback, while others think it's just a correction even after their profits are halved. I suggest framing this screenshot and hanging it under every post asking "Should I cut my losses?"
One long post appeared remarkably calm:
I've been buying on dips. Heaven or hell, I'm in it. I'm going to weather this bear market like a "brainless bull." If the next bull market really comes, my position will be very comfortable. The simplest way to profit is to buy in a bear market and sell in a bull market! Those who lose money are always the ones who wait until the bull market to start buying.
This passage is worth memorizing in its entirety: "If you don't buy in a bear market, you'll waste your time in a bull market." Everyone understands this principle, but those who fail to put it into practice are usually eliminated in the previous bear markets.
What were we celebrating two years ago?
Someone dug up an old screenshot from February 2024: Bitcoin price was $40,420, and the whole internet was jubilant!
"Never forget that two years ago we were opening champagne at this price point."
$40,000 was once the starting point of a bull market, and now it's the support level for a bear market. The cruelest humor in the crypto world is called "cyclicality."
Big shots clash online, offering a "million-dollar bet" on "whose trash is stronger?"
This week, two heavyweights in the crypto world engaged in a war of words.
Kyle Samani, former co-founder of Multicoin Capital, launched a scathing attack on Hyperliquid, saying, "The founder fled his homeland, openly supports crime, has closed-source code, and requires permissions. This project has all the wrong answers in the crypto world."
No sooner had he finished speaking than BitMEX co-founder Arthur Hayes quickly responded. Instead of refuting each point, he presented a bet:
"Since you say HYPE is no good, let's make a bet. From February 10th to July 31st, HYPE will outperform any ' shit coin' you choose with a market capitalization exceeding $1 billion, denominated in US dollars. The loser will donate $100,000 to a charity designated by the winner."
As of press time, Kyle's account remains silent and has not yet responded.
Mr. Samani, what do you call Hyperliquid? Hyper liquid? Super liquid?
Samani did not reply; perhaps Samani has gone offline. 📶
Isn't the standard for betting too low? The SEC could easily do it. 🏆
Perhaps Polymarket is better suited to solve this problem, since "predicting" events is better suited to meet actual needs in "prediction markets".
Some netizens commented, "Hayes, can you please stop with the 'fraud'? Are you trying to trick me into buying HYPE this time?"
One netizen commented: "Mr. Hayes, after BitMEX listed HYPE, the price dropped from $30 to $9. Is this some kind of new 'promotional tactic'? 🤔"
Game theory posits that the house always wins, but in this case, both sides are house players. So, who ultimately loses? 🤔
At the Hong Kong Public Awareness Conference, Brother Sun stole a pen.
Justin Sun attended the Consensus conference in Hong Kong this week as scheduled and held a special Tron session before the conference.
At the event, a blogger enthusiastically handed over a notebook to Sun Ge for autographs. After signing, Sun Ge casually took the pen away. 🥹
After the video was posted, the blogger commented: "Justin Sun finally stopped being stingy today and actually gave me a T-shirt! I even got an autograph. This is a steal!"
But netizens commented scathingly: "You think you've gained a T-shirt and an autograph, but actually Brother Sun has gained your pen and hand cream." You may have made a lot of money, but Brother Sun never loses!
A netizen who received a T-shirt from Brother Sun washed it together with a coat they bought for over 10,000 yuan. The T-shirt bled color, and the coat got stained. Every time they think about it, they can't help but light a cigarette. 🤣
You think you're taking a photo with Brother Sun, but actually Brother Sun has already mentally generated dozens of ways to cut it 🈹
One netizen shared: "I bought Brother Sun's book, 'This World Is Both Cruel and Gentle,' finished it in two days, and got a full refund within seven days with no questions asked. I even got shipping insurance. This is the first time I've ever gotten a 'bargain' with Brother Sun."
Brother Sun responded in a post: Sun Xue has graduated 🎓
This isn't a big deal, but it's really funny... In the midst of the crypto bear market, Sun Ge still maintains his fine tradition of accumulating every last bit of profit. A person with vision never lets any pen slip by. I suggest that next time you see Sun Ge, after handing him your notebook, pull your hand back first, lest his hand cream be stolen
Tomorrow is Valentine's Day, and the day after tomorrow is Lunar New Year's Eve! 🧨 May you have a calm mindset like a comedian, hold a fortune like a banker, and be as steady and reliable as Brother Sun's pen in the new year.
Happy Year of the Horse! See you after the New Year!
(The content in this issue is based on publicly available information and online discussions, and is presented in a light-hearted manner for reference only.)
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