XMONDAYS HANOI RECAP: "FAST MONEY, SLOW MONEY"

Awakening to the "Faith" in the Laws of Monetary Flow. xMondays Hanoi was fortunate to bring this enthusiastic and exciting atmosphere to life on Monday evening, August 12.

FAST MONEY, SLOW MONEY

Awakening to the "Faith" in the Laws of Monetary Flow

The principles behind the flow of money, the "Faith" in using money, and how billionaires have harnessed it to make money grow. These profound insights are something you may have encountered in books and articles. However, the opportunity to sit down and exchange ideas directly with experts or those with hands-on experience in finance is truly rare.

xMondays Hanoi was fortunate to bring this enthusiastic and exciting atmosphere to life on Monday evening, August 12. The speakers participated by embodying various roles in the financial game. Each one had their unique mindset, different ways of analyzing problems, and distinct goal-setting approaches. Here, you could see yourself "reflected" in the many mirrors of your own financial thinking and behavior.

FAST MONEY, SLOW MONEY

FAST IN, SLOW OUT - FAST IN, FAST OUT

SLOW IN, SLOW OUT - SLOW IN, FAST OUT

What would you choose?

This is how Mr. Nguyen Minh Thao delved into the sharp thinking behind the financial investments of each speaker when sharing with the community.

QUEENIE TETHER - FINANCIAL PRODUCT OPERATOR AND THINKER

"KNOW WHO YOU ARE BEFORE ENTERING THE FINANCIAL MARKET"

As a developer and operator of financial products, Queenie, representing Tether in Vietnam and an expert in investment, as well as an advisor to many financial companies from New York, shared: "I participate in the financial market not as a Trader or Investor. I simply understand my strengths and the resources I have. I clearly understand the flow of money, financial protocols, the opportunity equations, and can foresee risks. From there, I decide how to enter and exit at the right time for each specific product and, importantly, with the amount of money that, when spent, doesn’t impact my life too much. When you join the market with that mindset, your spirit will be more relaxed, and you’ll be able to see many more issues. This way, you won’t panic, fear FOMO, and lose money. That’s also how I ensure the safety of the money I own."

On the issue of fast or slow, everyone has their own thought process. When you truly understand who you are, what you expect when participating, I believe everyone here will find the path that suits them. From the perspective of someone who values safety like me, I choose slow in, slow out. Slow in after analyzing the project and observing the market carefully. Slow out growing with the project. When it reaches the target profit, I’ll exit slowly."

CAITLYN XLP NETWORK - FINANCIAL ANALYST AND THINKER

"WHAT HOLY GRAIL IS FOR YOU WHEN ENTERING THE FINANCIAL FIELD"

"Deliberately tending flowers, the flowers don’t bloom

Casually surfing, and I become a Shareholder"

Following the contrarian thinking style, Caitlyn Nguyen, representing XLP Network, who was dubbed the "Financial Prodigy" during her CFA studies in Australia, and a major shareholder of several prestigious corporations in Vietnam, shared: "From stocks, real estate, or any financial investment field, everyone starts by looking for the "Holy Grail." The Holy Grail of hoping for lucky breaks, opportunities to multiply accounts, to become "shareholders." The mindset of wanting to get in fast, get out fast, spend little but gain much, wanting to become "shareholders" while lacking basic knowledge. And when people lose money, suffer pain, they realize there’s no Holy Grail here. To join the financial field, you must understand who you are, what your goals are, and what advantages you have? From there, build your strategy. If you’re not good at trading, then don’t trade, you can learn about delegation. If you’re not confident in investing, then don’t invest, you can take the role of providing liquidity to the market. Don’t panic and follow others just because someone shows off their account, or reports profits. What they show you is only the tip. The root is that you must be awake, wise in choosing your mindset when participating in the market. No one knows you better than you, and nothing can control you when you’re enlightened in the way you dominate money."

From the perspective of a long-time stock market participant, Caitlyn chooses "Slow in, fast out." The reason for the slow in is because when you have cash in hand, you have many choices, many opportunities. Be calm, consider which opportunity suits your strategy before deciding to join.

And why fast out? Simply put, the basic principle of investors is capital preservation and risk management. If you want to predict the future, look at history. I’ll carefully observe and analyze historical milestones to make predictions. Before "counting chickens before they hatch" to see how much you can earn, you must project how much you might lose, how to optimize your current cash flow, and from there, create momentum for the next financial cycles. Hence, capital preservation is the most important and decisive factor when participating in the market.

HOANG QUANG MINH METAWORK - FINANCIAL SERVICE PROVIDER AND THINKER

"SPENDING MONEY ON EMOTIONS, HIGH RISK HIGH RETURN, AND HEART-DROPPING SHOCKS"

Driven by the desire to make quick money through crypto, Mr. Hoang Quang Minh, CEO of MetaWork – a company developed and nurtured by AccessTrade, one of Vietnam’s top Affiliate Marketing entities, shared:

"I don’t know much about the experience of upgrading from a hut to a mansion, but downgrading from a mansion to a hut is something I know very well. I joined the market early on and was seen as a "pioneer" in investing in early-stage crypto projects. Not putting all eggs in one basket, I spread my money across projects I thought had potential. Then when the FOMO phase passed, everything returned to its true nature, and that’s when my account turned red.

I know many folks brag about their accounts making tens of millions of dollars but couldn’t cash out, waking up to make $5,000 in the morning only to lose $30,000 by night. The market is volatile, and the concept of fast or slow is redefined entirely differently. For Mr. Thao, 10 minutes could be fast. But for me, at some point, even 10 seconds could be slow. Ultimately, fast or slow depends on how you measure time. But more importantly, before investing in any project, if you don’t understand the technology, make sure you thoroughly research the team, their business model, and their network of partners. When you’re clear-headed with that data, you can confidently choose fast or slow."

That’s the mindset I have when participating in the market as an investor. As someone who generates profit from the financial market, I provide communication solutions and build user networks through affiliate marketing. This is our strength and a sustainable revenue stream in both traditional finance and blockchain finance."

THANH FAST CRYPTO - INFLUENCER SPEAKS ON FINANCIAL MINDSET

"START FROM 1 AND END FROM 0"

Sharing his perspective on joining the financial market, Crypto Influencer Thanh Fast, with over 3.3 million views on TikTok with numerous content sharing about the market and surrounding life stories, said:

"I didn’t start with investing. I created profit through my knowledge and influence to support projects. I call it "labor, not capital." Because I firmly believe that for a project to grow well, they need a community, they need people to develop the user network to prove their business model. That user network not only establishes the initial important metrics in the project’s growth but also provides liquidity in the financial market. When the network makes money, I call them having rice, and I have soup. That’s the most valuable thing influencers like me can do well for any financial project.

As the project grows stronger, the tokens returned to us are like winning lottery tickets. And you know, instead of waiting until 6:30 PM every day to see the lottery results, we contribute even more to increase the value of those lottery tickets. When there are users and a sustainable business model, the market rises, and people like us become the first "investors," the ones who ignite the project and lay the foundation for the market. So fast or slow isn’t important; what matters is that we choose the right project, the right civilization to support."

NGUYEN TRUNG THANH TRUSTKEYS - FINANCIAL PRODUCT FOUNDER AND THINKER

"DIGITAL ASSET CONVERS AND THE UNCHANGING PRINCIPLES OF USING MONEY"

With a pure tech mindset, Mr. Nguyen Trung Thanh, CEO of TrustKeys Network, shared:

"In reality, there are many ways for the community to make money in this still nascent digital asset market. From the moment I delved deeper into blockchain, I converted all my assets into digital assets. Whenever I had extra money, I saved it to buy BTC and ETH. Whether prices went up or down, I didn’t care. I just timed it and withdrew enough profit to cover my living expenses.

From technical analysis, I could also make money by providing liquidity for crypto pairs on Uniswap V.2 or other platforms to earn trading fees. This is a very simple method, but not everyone recognizes it.

And when playing the role of a product founder, I dedicated all my time to developing the product and managing the company’s operations. When I drive the company’s growth, I can completely control this fast or slow pace."

THE NASH EQUILIBRIUM THEORY, THE ANT, AND THE "HOUSE" GAME THEORY IN FINANCE

DO YOU CHOOSE AWARENESS OR FOMO?

Renowned as one of the influential figures in the Tech Startup scene, Mr. Nguyen Minh Thao, founder of Umbala Labs, shared:

"Vietnam is a country with abundant resources and potential for development in the FinTech sector. Many large global companies seek to establish their first user communities in Vietnam. However, not everyone understands how to leverage this resource for unlocking and developing cash flow. From the perspective of someone who creates the game, I will summarize from various viewpoints provided by the speakers and analyze three fundamental factors:

Firstly, looking at history, we can see that the fundamental principles of blockchain were established from the time of Quy Coc Tu or even earlier. Specifically, the Hop Tung Theory of To Tan. Blockchain clearly demonstrates the advantage of this principle. A single flower does not make a spring, and an ant cannot defeat an elephant. But a swarm of ants will be a completely different story. Imagine when you drop a piece of cake on the ground, a swarm of ants rushes to devour it, each taking a little back to their nest. Soon, the cake disappears from the ground. This swarm of ants is similar to a liquidity network, capable of changing the landscape in the financial market.

Looking at the current situation, those who have participated in the market are in awe of the GMX case study. Based on the Nash Equilibrium Theory and the "house" game theory in finance, GMX has brought enormous profits to participants in the GLP Pool - a liquidity network for GMX, through sharing profits.

When participating in the financial market from the user's perspective, understanding whether you are capable of dropping a piece of cake into the market or playing the role of ants providing liquidity to that piece of cake, the choice of fast or slow, awareness or FOMO, entirely depends on your personal mindset. We can evaluate and analyze the mistakes of others, but to avoid falling into their traps and to gain wisdom from their painful experiences is more challenging than reaching the sky. Calmly reflect on your own mindset to deeply understand who you are, what you have, and what you are willing to invest in to achieve what you want. Only when you are ready should you step into the financial market.

Secondly, from the perspective of product developers. Builders need to develop an awareness mindset about speed to keep up with the times, drive the business model, and establish cash flow for their products. Products based on a pump-and-dump model will soon fade. After each pump-and-dump cycle, you may not earn much, but the consequence is a loss of credibility and trust from those who believed in you, leading to a crumbling market. Focus on developing the product, from the business model to the technology system and human resources. Start earning your first dollars from your product. When the financial cycle emerges, and the users you attract make money, you then hold the advantage of the "house" game theory.

Lastly, in danger, there is opportunity; in opportunity, there is danger. The more volatile the market, the more money from less informed, less timely individuals flows into the hands of those who are smart. Greater volatility means greater risk but also greater opportunity. Winning or losing, profit or loss, all depend on awareness, mindset, and how each person utilizes money."

It is difficult to fully capture and convey the dedication of the speakers and the over 70 participants of the recent xMondays Hanoi event. In that warm space, each participant had the opportunity to take the mic, introduce themselves, and share their thoughts and perspectives when engaging with the community. There was no concealment, no fear; everyone had the right to express their thoughts, worries, and unravel the complexities of FAST MONEY, SLOW MONEY, and their journey to awareness before embarking on the new path ahead.

With over 200 people registered and only 70 invited to attend, xMondays welcomed the community with nothing but spring water. The source of the community’s knowledge to invigorate the flow of awareness on the journey to becoming a smart investor in the financial market.

The xMondays meetup series will continue in Da Nang on Monday, August 19, and in Ho Chi Minh City on Monday, August 26, featuring many influential speakers in the financial sector. For detailed information and participation, please follow the details below.

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Event Details:

+ Hanoi: Monday, August 12, 2024

+ Da Nang: Monday, August 19, 2024

+ Ho Chi Minh City: Monday, August 26, 2024

Note: Attendance is limited. Please register using the link below to ensure we can arrange and welcome you properly.

#xMondays #CryptoMondays #XLPNetwork #BlockxNetwork #UmbalaLabs #blockchainevent #cryptoevent

Register here: https://bit.ly/xMondays

Event Information: https://bit.ly/xMondaysMeet-up