Mr. Richard Teng—whose new appointment as overlord of Binance was met with equal parts fanfare and bewilderment—has, with the careful gravity of a don expounding the rules of the dormitory, published a few modest commandments for the would-be investor. Dispersed to his unwitting flock on the social platform X, these nuggets were presumably designed to provoke awe, encourage thrift, or possibly just fill the silence between rug-pulls.
Why, Pray, Should One Care for Teng’s Three Cryptic Commandments?
With an almost ecclesiastical solemnity, Mr. Teng presents the Holy Three: The first? “Set the rules.” There it is, in all its Regency simplicity—the stuff of schoolmasters and failed poets. One must, apparently, possess unswerving guidelines for one’s dabbling—perhaps scribbled on a napkin between gin and the next fevered NFT flip.
Such rules include limiting one’s risk—a polite euphemism for not wagering the family silver—and actually taking profits, which is, from anecdotal evidence, rarer than a unicorn with a blockchain wallet. Most crucially, one must resolve, in the cool of the study, never to hurl oneself headlong into the broiling market based on emotion. Of course, sentiment has prompted more disasters than the entire Binance support team can presently field.
Things to do in crypto space:
1️⃣ Set the rules
2️⃣ Refine the strategy
3️⃣ Keep emotions out of decision-making— Richard Teng (@_RichardTeng) June 17, 2025
The second commandment, with all the freshness of a fortnight-old mackerel: refine the strategy. Markets, we are told, move with a speed that would render a cocaine-fuelled racehorse obsolete. Here, vigilance is the price of survival. Should Binance ever harbour the idle thought of delisting a niche coin (say, Dogecoin Classic Poker 2.0), only the prompt and well-informed will live to trade another day. The rest may contemplate their vanished fortune and pen stern emails to Customer Support.
The One Sensible Chap Amidst Market Mayhem
The third and final dictum—keep your emotions at bay! This is sage counsel best delivered with a gin and tonic and a faint, knowing smirk. Indeed, Teng urges us to avoid “panic buying”—as if anyone needed reminding that the siren song of FOMO turns green candlesticks into red meat for the slaughter.
Did Teng descend from the mountain with these tablets purely out of public-spiritedness? Perhaps, but those more attuned to financial barometers will chuckle: when the tides recoil (the market, always so bashful, down a dainty 1.24% thanks to distant sabre-rattling), there’s always someone ready to offer advice from the lifeboat. Courage, dear reader, and keep your wallets close and your sense of irony closer. 🚀💸
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2025-06-17 15:43