Jeong Young il
Open Trade
High-Frequency Trader
3.9 Years
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82 Followers
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The essence of speculation in cryptocurrency
Translation result
English (English)
* Formal English (Formal):
The essence of speculation in real estate, stocks, and cryptocurrency lies in predicting the winner of a beauty pageant. While assessing the intrinsic value of a company or a coin is important, the core factor is determining whether others will continue to purchase it. This is essentially a "pass-the-bomb" game; one can only exit by finding someone to take the bomb from their hands. If it cannot be sold, it will inevitably explode in one's possession. Keynes is said to have noted that selecting stocks is akin to picking a beauty pageant winner: one should not choose based on personal preference, but rather on who others are likely to favor. I believe this captures the essence of "speculation"—not "investment"—which involves identifying what others will like or cease to like. My failure stemmed from attempting to "invest" based on intrinsic value. While cryptocurrency is not devoid of utility—it serves as a medium of exchange in failing economies—it is questionable whether its current price is supported by its functional value. I fail to comprehend the mindset of those purchasing assets they perceive as valueless, yet they do so at great expense. I engaged in speculation without understanding the psychology of the participants, a field in which I have little interest. I should not have participated. This, I believe, is the reason for my failure.
English (English)
* Formal English (Formal):
The essence of speculation in real estate, stocks, and cryptocurrency lies in predicting the winner of a beauty pageant. While assessing the intrinsic value of a company or a coin is important, the core factor is determining whether others will continue to purchase it. This is essentially a "pass-the-bomb" game; one can only exit by finding someone to take the bomb from their hands. If it cannot be sold, it will inevitably explode in one's possession. Keynes is said to have noted that selecting stocks is akin to picking a beauty pageant winner: one should not choose based on personal preference, but rather on who others are likely to favor. I believe this captures the essence of "speculation"—not "investment"—which involves identifying what others will like or cease to like. My failure stemmed from attempting to "invest" based on intrinsic value. While cryptocurrency is not devoid of utility—it serves as a medium of exchange in failing economies—it is questionable whether its current price is supported by its functional value. I fail to comprehend the mindset of those purchasing assets they perceive as valueless, yet they do so at great expense. I engaged in speculation without understanding the psychology of the participants, a field in which I have little interest. I should not have participated. This, I believe, is the reason for my failure.
I feel you will be one of winner. Good luck.
This guy opened a short position on $PIPPIN on 3rd December, and now the New Year has arrived, but the trade is still running in loss.
Since that day, it’s been going from loss to even more loss, and honestly, I’m shocked just thinking about how much funding fee must have been paid by now 😲
{future}(PIPPINUSDT)
$PIPPIN
Since that day, it’s been going from loss to even more loss, and honestly, I’m shocked just thinking about how much funding fee must have been paid by now 😲
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$PIPPIN
1x leverage is good choice.
$PIPPIN showed me a good time, woke up to find my account inexplicably increased by more than four thousand u, and I don't even know when the order was placed, haha, truly a windfall.
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High leverage burned my money. $pippin now is slow dropping. End of a scam story of a coin?
pippin long end?
Maybe they, short and long could be one huge group.
$PIPPIN Whales Update,,,, There are 64 Whales are Now in Long position and there are 58 whales are Now in Short position,,,,
But the problem is long position size are larger than the Short position size,,,, But this is the fishy Thing when Everyone going to one side then the market Go against the majority side,,,, $PIPPIN Chart right Now saying the same Thing and Now heading to against the long position side,,,,
Right Now I'm not more bullish on $PIPPIN Until it fill the gap of 0.38-0.40$
As long as it Didn't fill This gap I'm bearish on it,,,
Let's short it together once again 😉😉
#WriteToEarnUpgrade
#USJobsData
#CPIWatch
#BTCVSGOLD
#AltcoinSeasonComing?
But the problem is long position size are larger than the Short position size,,,, But this is the fishy Thing when Everyone going to one side then the market Go against the majority side,,,, $PIPPIN Chart right Now saying the same Thing and Now heading to against the long position side,,,,
Right Now I'm not more bullish on $PIPPIN Until it fill the gap of 0.38-0.40$
As long as it Didn't fill This gap I'm bearish on it,,,
Let's short it together once again 😉😉
#WriteToEarnUpgrade
#USJobsData
#CPIWatch
#BTCVSGOLD
#AltcoinSeasonComing?
In short term any scam coin like $pippin can go up, but, yes, in long term all MEME coin will disappear like bubble.
$PIPPIN will scam like $LIGHT 🚨
W8 and see huge crash coming 🔥
$PIPPIN will definitely come down blew 0.3$ ❗
Don't Long ❌
Just Short ✅ Short Now Before Too Late 🙁
Click Blew To Open Short Position 🔽
{future}(LIGHTUSDT)
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W8 and see huge crash coming 🔥
$PIPPIN will definitely come down blew 0.3$ ❗
Don't Long ❌
Just Short ✅ Short Now Before Too Late 🙁
Click Blew To Open Short Position 🔽
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I only have $1 in a short position on $PIPPIN just to see how its price moves.
Besides Pippin, I am shorting 80 other meme coins, so I have 81 short positions in total.
I won't add any more money to $PIPPIN .
My new rule is to "add to winning positions."
I will increase my investment only in coins that are making a profit, using fixed 5x leverage.
I'm curious about the result.
My strategy is based on the idea that meme coins are worthless and will eventually crash.
Besides Pippin, I am shorting 80 other meme coins, so I have 81 short positions in total.
I won't add any more money to $PIPPIN .
My new rule is to "add to winning positions."
I will increase my investment only in coins that are making a profit, using fixed 5x leverage.
I'm curious about the result.
My strategy is based on the idea that meme coins are worthless and will eventually crash.
B
PIPPINUSDT
Perp
Closed
PNL
-1.63USDT
Good job.
$PIPPIN Scam Part 2! Here's another unique insight on Pippin guys.
Previously, I showed you that how whales have 108M order stacked at 0.05 price on buy side. Whereas, on sell side they have 245k on 2.0 price.
In this picture, you can see two biggest red flags, and this also clears that how they are controlling the price.
Usually if you see meme coins, or on binance, specially if you see alpha coins like $Light or any other alpha coin, these coins have low MC and usually top 10 holds more than 70-80% and once the big holder sells price goes down.
But pippin has a different approach, here you can see in picture top 10 holders merely hold 29%, which seems very good on coin transparency.
But then we see layering, means many wallets are interconnected with each other, in fact 50% supply is being controlled by this wallet bubble where many small wallets are holding merely 1% of pippin but are interconnected with each other.
these are the wallets/holders, controlling the price and they sell and buy it in a very coordinated way so that every time they trap retailers, grab funding fee and sell some holdings. Next day they again buy those sellings at a cheaper rate, price goes up, funding fee negative and they again trap retailers and cycle goes on.
it's not one man show. it's community driven scam. And in my next post, I'll show you how their community is working together for this scam. They have a goal to go above $1 price mark for now.
Keep then save your capital and leave this shit coin out if you don't gave capital to handle their scam as it's not going down anywhere soon like $BEAT , $LIGHT or $Truth
Stay Safe
#Pippin #BinanceAlphaAlert
Previously, I showed you that how whales have 108M order stacked at 0.05 price on buy side. Whereas, on sell side they have 245k on 2.0 price.
In this picture, you can see two biggest red flags, and this also clears that how they are controlling the price.
Usually if you see meme coins, or on binance, specially if you see alpha coins like $Light or any other alpha coin, these coins have low MC and usually top 10 holds more than 70-80% and once the big holder sells price goes down.
But pippin has a different approach, here you can see in picture top 10 holders merely hold 29%, which seems very good on coin transparency.
But then we see layering, means many wallets are interconnected with each other, in fact 50% supply is being controlled by this wallet bubble where many small wallets are holding merely 1% of pippin but are interconnected with each other.
these are the wallets/holders, controlling the price and they sell and buy it in a very coordinated way so that every time they trap retailers, grab funding fee and sell some holdings. Next day they again buy those sellings at a cheaper rate, price goes up, funding fee negative and they again trap retailers and cycle goes on.
it's not one man show. it's community driven scam. And in my next post, I'll show you how their community is working together for this scam. They have a goal to go above $1 price mark for now.
Keep then save your capital and leave this shit coin out if you don't gave capital to handle their scam as it's not going down anywhere soon like $BEAT , $LIGHT or $Truth
Stay Safe
#Pippin #BinanceAlphaAlert
😭
$PIPPIN I surrender, play nm
Just it is all about money game.
Is there anyone who wants to take a risk 😂
I'm also afraid of $PIPPIN 😂
Even Since morning it Shows clear signs of Bearish scenerio but they again started hunting Shorts.
But Over 5M liquidations held at $0.40 📉
Now they are watching very Close, I believe this gain is clearly trap and they start dipping to wipe out 5M longs 📉😁
Note: This information is for educational purposes only and this is not a financial advice......
{future}(PIPPINUSDT)
I'm also afraid of $PIPPIN 😂
Even Since morning it Shows clear signs of Bearish scenerio but they again started hunting Shorts.
But Over 5M liquidations held at $0.40 📉
Now they are watching very Close, I believe this gain is clearly trap and they start dipping to wipe out 5M longs 📉😁
Note: This information is for educational purposes only and this is not a financial advice......
{future}(PIPPINUSDT)
Don't know. Don't care.
??? No Liq. price?
Sure. Indeed
Fraudulent work $PIPPIN
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{future}(PIPPINUSDT)
Closed long just before.
I will step aside with $PIPPIN
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Good.
$PIPPIN Everyone saw the green candle and thought:
“THIS IS IT 🚀”
But here’s what actually happened 👇
Whales didn’t pump this to start a trend.
They pumped it to force liquidation.
That vertical move was not strength — it was a liquidity grab.
Long traders placed tight SLs.
Market makers saw it.
Price was pushed straight into those stops 💥
Now look at price action after the spike.
No continuation.
No volume expansion.
Only selling pressure.
That tells me one thing:
➡️ Distribution is active
📉 SHORT SETUP — $PIPPIN
{future}(PIPPINUSDT)
👉 Entry: 0.54 – 0.56
🛑 SL: 0.62
🎯 TP1: 0.48
🎯 TP2: 0.44
“THIS IS IT 🚀”
But here’s what actually happened 👇
Whales didn’t pump this to start a trend.
They pumped it to force liquidation.
That vertical move was not strength — it was a liquidity grab.
Long traders placed tight SLs.
Market makers saw it.
Price was pushed straight into those stops 💥
Now look at price action after the spike.
No continuation.
No volume expansion.
Only selling pressure.
That tells me one thing:
➡️ Distribution is active
📉 SHORT SETUP — $PIPPIN
{future}(PIPPINUSDT)
👉 Entry: 0.54 – 0.56
🛑 SL: 0.62
🎯 TP1: 0.48
🎯 TP2: 0.44
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