日拱一卒王小楼

Claude can be used, but do not develop feelings for Claude.
Getting banned is not the worst.
The worst is—your core knowledge, core data, and core judgments are all on a platform you cannot control.
People in Web3 should instantly understand this logic:
"Not your private key, not your coins."
AI version translation:
"Not your local data, not your knowledge."
It's fine to use Claude to do work.
It's fine to think with ChatGPT.
Letting them participate in your decision-making process is completely okay.
But the sedimentation must return to your own hands.
What counts as sed

Miners sold 32,000 BTC in Q1, more than the entire last year.
Hashprice dropped below $35, and 20% of mining machines are losing money just by being turned on.
But BTC rebounded from $70,800 to $75,000.
The market, in extreme fear, absorbed the largest miner sell-off in history.
Shorts, check out the funding rate — it just turned positive.

$RAVE What the heck is this
A coin you’ve never heard of, with a daily futures trading volume of 6.1 billion USD, ranking 4th in the entire market.
Open interest is only 400 million. It turns over 15 times a day.
$BTC turns over less than once.
This isn’t investing—it’s the sound of a slot machine lever being pulled.
Every trade is a gambler pulling the lever, thinking, “This time it will work.”

Fear and Greed Index has been at extreme fear for 16 consecutive days. But BTC has increased by 12% during the same period.
Sentiment and price are diverging. The entire market is shorting, funding rates are negative, and shorts are paying longs — yet the price just won't drop.
What does this resemble? The spring is compressed to its limit, but no one dares to loosen it.
Extreme fear itself is not scary. What’s frightening is extreme fear combined with a price that isn't falling.
The chips are quietly shifting from retail hands to those who are unafraid.
When the sentiment reverses a

Some people's agents are lobsters, Hermes, or CC, while others' agents are group friends.

Coinbase Policy VP Tom Duff Gordon has moved to OpenAI to become the EMEA Policy Lead. The top lobbyist in crypto is now heading towards AI.
Talent migration is the most honest indicator of market sentiment. When all the lobbying experts have left, it shows that the political environment in crypto no longer needs them—or that the AI opportunity is even bigger.

Why do so many people like to go to HK for dining out? With this budget, how many people could you invite in Shanghai? It's even more delicious.

Data: The Fear & Greed Index has been below 25 for a week straight (the lowest at 13, a rare occurrence in history), but BTC has risen from $70,700 to $74,600 during the same period.
When everyone is at extreme fear, what are the smart money doing? Retail investors are panicking and selling off, while institutions are quietly accumulating. The Fear & Greed Index is a thermometer of retail sentiment, not a compass for market direction.

Six investment taboos, how many can you avoid?
Avoid A-shares.
Avoid leverage.
Avoid contracts.
Avoid short-term trading.
Avoid candlestick charts.
Avoid futures.
These six things are the root cause of 90% of retail investors losing money.
Everyone who just enters the market thinks they can predict the market, buy the bottom and sell the top, harvest profits amid volatility.
But what happens? The one who gets harvested is always themselves.
Real investing is extremely boring—
Find the most powerful country on this planet, buy its index fund, set up a regular investment pl

In 2012, a recent college graduate came to see Ma Gang wearing a T-shirt and jeans.
Ma Gang gave him 2 million.
By 2020, that 2 million had become 4 billion.
A 20,000-fold return.
This college student is named Wang Ning, and the company is Pop Mart.
What did Ma Gang see in him? Three traits:
1. Rapid learning ability
2. Deep thinking ability
3. Team leadership
He didn’t look at the business model, financial data, or market size.
He looked at the people.
After the investment, in 2014 the company nearly died—cash flow was tight, and Wang Ning wanted to give up.
Ma Gang sa

What’s even more uncomfortable than water, power, or internet outages is token disconnection.

The world is a huge plate, and also a huge makeshift theater troupe.

Naval said the harshest words:
"The ultimate goal of winning the wealth game is to no longer play this game."
Translate into plain language—
Don't cover strategic laziness with tactical hard work.
Chasing 50 AI news articles every day and learning 10 new tools is tactical hard work.
Spending an entire day figuring out "What exactly do I want to do with AI" is strategic thinking.

Restaurant tips for speeding up service:
If you want to prompt a dish, you can't ask "Is it ready?" Asking that means it's ready immediately.
If you say you've canceled it, it will really be ready immediately.

Is "撸毛" (profit-taking) now the first option?
Anything that starts with making empty promises to appease, the ending is always to kill the donkey after using it;
Anything that suddenly emphasizes rules, the next step is always to kill the chicken to warn the monkey;
Anything that asks you to look at the long-term, probably has no intention of giving you a return;
Anything that lets you handle it your way, is actually to make you take the blame;
Anything that asks you to consider the overall situation, has never regarded you as an insider;
Anything that asks you to spare no effort,