Here’s how BNF made his fortune and how you can apply his strategies to succeed in crypto trading today 👇🧵
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1/ Who is BNF?

Takashi Kotegawa, better known as BNF or “J-Com Man,” is a self-taught trader who became a sensation in Japan for turning a small amount of money into a massive fortune through day trading. Born in 1978 in Ichikawa, Japan, BNF’s story is a mix of skill, discipline, and a bit of luck.

2/ Humble Beginnings

As a 20-year-old college student, BNF had no background in finance. After watching stock market news on TV, he became fascinated and decided to dive into trading. To raise capital, he worked various odd jobs while learning everything he could about the stock market. It wasn’t easy, but his dedication set the stage for his incredible success.

3/ The Big Break: J-Com Holdings Trade

BNF’s most famous trade came in 2005 when a trader at Mizuho Securities mistakenly sold 610,000 shares of J-Com Holdings at one yen each instead of one share at 610,000 yen. Recognizing a golden opportunity, BNF quickly bought 7,100 shares. He sold part of his position during a rebound and held onto the rest overnight. This single trade netted him over $17 million!

4/ Lessons from a Costly Mistake

Even the best make mistakes. In 2008, BNF strayed from his own rules by investing in U.S. bank stocks during the housing market crash, betting they would recover. Instead, he lost over $10 million. This loss reinforced the importance of sticking to his trading principles and only investing in markets he knew well.

5/ The Climb to $153M

Through a combination of discipline, consistency, and a calm mindset, BNF turned his initial $13,600 into $17 million within two years. By 2008, he had grown this to an astonishing $153 million, solidifying his status as one of Japan’s greatest traders.

6/ Applying BNF’s Strategies to Crypto Trading

The crypto market is volatile, much like the stock market during BNF’s early days. Here are three principles from BNF that you can apply to crypto trading:

- Stay Calm and Stick to Your Plan: Emotional trading is a recipe for disaster. Develop a solid trading plan and stick to it, no matter how the market moves. Remember, most traders lose money due to panic and impulsive decisions.

- Find a Mentor: The crypto market is full of risks, and having a reliable mentor can help you navigate these challenges. Learn from those who have been successful, and build a network of trustworthy people who can offer advice and support.

- Don’t Get Emotionally Attached to Money: BNF treated trading like a video game, focusing on the process rather than the money. He once said, "For me, a $100k loss can feel better than a $6k gain if the losing deal was good and the winning deal was bad." This mindset helps you stay objective and make better decisions.

7/ Conclusion

BNF’s journey from a broke student to a trading legend shows what’s possible with discipline, strategy, and a willingness to learn from mistakes. If you’re looking to succeed in crypto trading, take a page out of BNF’s playbook: stay calm, stay focused, and never stop learning.

8/ Follow and Share

If you found this thread helpful, follow me @Mbeyaconscious for more insights and share this with your friends to help them on their trading journey!
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Binance is buzzing with excitement after the recent Launchpool projects—Hamster Kombat 🐹 and Catizen 🐱—have taken off. Now, all eyes are on BLUM, the anticipated 60th Launchpool project. If you're into NFTs, blockchain, and crypto, this might be the golden opportunity you've been waiting for! 💎

Hamster Kombat (58th Launchpool) Recap:
This tap-to-earn game has a massive fan base with over 89 million active users. Hamster Kombat allows users to farm $HMSTR tokens by staking BNB and other assets. It's interactive, engaging, and could become one of the top blockchain games on Binance. 🎮✨

Catizen (59th Launchpool) Review:
Following right behind is Catizen, a decentralized gaming platform featuring adorable virtual pets. Players can create, trade, and interact with their digital pets while earning $CATI tokens. The hype around this game is real, and its community is growing fast! 🐾💰

Why BLUM Could Be Next:
BLUM is making waves in the NFT world with its innovative marketplace connecting digital artists and collectors. This potential Binance listing could catapult BLUM's popularity, making its token more liquid and accessible. If you're an NFT enthusiast, you'll want to keep an eye on this! 🎨🌍

Join the Airdrop and Earn Big!
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In a landmark decision, Binance's founder @cz_binance has been permanently banned from managing the company as part of a $4.3B settlement with U.S. authorities. This represents a major shift for the world’s largest cryptocurrency exchange. 👇
2/ Legal Trouble & Ban: In 2023, CZ faced serious allegations of violating the U.S. Bank Secrecy Act. After pleading guilty, he accepted a hefty fine and a permanent ban from Binance management. Initially, a 3-year ban was anticipated, but CEO @_RichardTeng has confirmed it’s permanent. 🚫
3/ New Leadership at Binance: With CZ stepping down, Richard Teng has assumed the role of Binance’s CEO. Teng’s primary task is to steer Binance through regulatory challenges and ensure the exchange adheres to global compliance standards. Despite the ban, CZ retains his position as the majority shareholder but can no longer engage in day-to-day operations.
4/ What’s Next for Binance?: The permanent ban raises questions about Binance's future strategies and regulatory interactions. With new leadership, Binance must navigate a complex legal landscape while maintaining its global presence. The focus will be on rebuilding trust and ensuring robust compliance measures.
5/ Fear and Sacrifice: CZ’s ban underscores the intense regulatory scrutiny facing cryptocurrency exchanges. It’s a stark reminder of the regulatory challenges in the industry. CZ’s sacrifice highlights his commitment to Binance’s mission, but it also signals a new era of regulatory vigilance for the crypto space.
6/ Advice to Binance: As Binance moves forward, prioritizing transparency and proactive engagement with regulators will be crucial. Building a strong compliance framework and focusing on user protection can help restore confidence. Leadership stability and clear communication will be key in navigating this transition.
7/ Standing with CZ: Despite the ban, it's important to recognize CZ’s role in pioneering the cryptocurrency revolution. His vision has driven significant industry advancements. The challenges faced highlight the need for ongoing dialogue between crypto innovators and regulatory bodies.
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1/ Who is Satoshi?
Satoshi Nakamoto, the mysterious creator of Bitcoin, is a figure shrouded in intrigue and speculation. Despite the immense influence Bitcoin has had on the world, the true identity of Satoshi remains unknown. Here are some of his key quotes that offer a glimpse into his thoughts and the foundations of Bitcoin.

2/ "I've been working on bitcoin's design since 2007. At some point, I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it."
This quote reveals Satoshi's dedication and the intense focus that led to the creation of Bitcoin. The idea of eliminating the need for trust in transactions was revolutionary and central to Bitcoin's appeal.

3/ "It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy."
Here, Satoshi speaks to the potential of Bitcoin as an investment and the power of collective belief. This quote illustrates the early uncertainty surrounding Bitcoin but also its potential to grow through widespread adoption.

4/ "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
Satoshi’s vision for Bitcoin was to create a decentralized system that bypasses traditional financial institutions. This quote from his whitepaper underscores the fundamental principle behind Bitcoin’s creation.

5/ "Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve."
Satoshi was critical of the traditional banking system, particularly its role in financial crises. His distrust of centralized institutions was a driving force behind Bitcoin's decentralized structure.

6/ "In this sense, it’s more typical of a precious metal. Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes."
This analogy to precious metals highlights Bitcoin’s fixed supply model. Just as with gold, the value of Bitcoin is intended to increase as demand rises, creating a store of value similar to that of traditional commodities.

7/ "The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending."
In this quote, Satoshi explains the decentralized nature of Bitcoin and the role of cryptography in securing transactions, which remains a cornerstone of the system’s security.

8/ "I think we should de-emphasize the anonymous angle. With the popularity of bitcoin addresses instead of sending by IP, we can’t give the impression it’s automatically anonymous."
Satoshi was aware of the potential misconceptions about Bitcoin’s anonymity. He emphasized the importance of managing expectations and being cautious about privacy in the system.

9/ "Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge. But don’t worry, there are another 6 decimal places that aren’t shown."
This quote addresses the finite supply of Bitcoin and its divisibility, reassuring early adopters about its scalability for global use.

10/ The Enigma Continues
Despite all these insights, Satoshi Nakamoto’s true identity remains one of the greatest mysteries in the tech world. Was he an individual, a group, or perhaps something else entirely? As Bitcoin continues to grow, the legend of Satoshi only deepens.

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