I can't sleep, so I'm posting my positions early today. I'll summarize a few recent events. After waking up, I might not want to say anything. I have mentioned these in previous posts.
First, the selective meme coins released by Binance Wallet are quite meaningful; they fill a part of Binance's market gap, which is good for both the wallet and BSC.
To put it bluntly, GT and BG are just surviving under Binance because they can list coins quickly and almost anything. Regardless of how impressive Binance is, these still have their significance, their demand, and their space to survive. But if Binance does this well, it will further compress their living space.
Although I am very dissatisfied with the ten coins selected, none of them are my RIFSOL. I will optimize my coin selection later.
Second, Binance compensated for the airdrop because the circulating market value of the coin launched by the penguin was incorrect. This is a huge move. Binance really has been listening to user feedback; everyone should have a sense of this. If you've lost money, it’s okay to vent at Binance instead of the market makers, but please view Binance objectively afterwards. If you can't recognize that, then you should really consider leaving the crypto space. If you can't navigate the crypto world, it's better to exit early and minimize your losses.
Third, the US has launched a BNB fund, and traditional institutions in the US are starting to engage with BNB, which is great. Binance has always been excluded from the US market and has faced substantial pressure; reaching this level is commendable. To be honest, Binance's strength and profitability are far too low in terms of current valuation, with BNB only at a hundred billion. Again, aside from the spot Bitcoin ETF bringing traditional institutions into the market, the new administration's support for crypto and loosening regulations will likely be the biggest boon for Binance!
Fourth, the 25 basis point interest rate cut in the US met expectations, no problems there. However, the prediction of four rate cuts next year in September was changed to two. I think it doesn’t really matter; Americans are known for their flip-flopping. The uncertainty about next year is too high, and any reversal now won't have a significant impact. The trend of interest rate cuts is unstoppable, so no need to worry. Instead of focusing on this flip-flop, it's better to pay attention to how the new administration will implement its promises when it takes office in January.
Fifth, I don't recognize the current large pullback; the prices of BNB and Ethereum are too awkward. BNB hasn't risen much this time, and although Ethereum has risen quite a bit, it hasn't broken its previous high. How will it move after this large pullback?
After a large pullback, what will happen to BNB at 500? What about ETH at 2000+? Will BNB return to 790?? Will ETH return to 4800? The bull market should not end like this; the script is wrong.
I think we should push for BNB 1000+ and ETH 5000+ with a large pullback, and then move up again. I approve of this script for the end of the bull market. Or we can go up, then pull back, then go up again; I won't say too much about the distant future.
If there is a large pullback now, I will have to reconsider my exit position. I will tend towards a long bull market, lasting until the end of next year or even the following year. This is too far to discuss, so I will take it step by step.
(To take a step back, if we really have bad luck and there is a large pullback, don't panic. We hold BNB, and the bull market has definitely not ended. We will come back sooner or later.
To take a step back, if we really hit that one in a thousand chance and the bull market ends, don't panic. BNB is enough to help you navigate through bull and bear markets.
Things with very low probability should be treated as jokes. I think the probability of a black swan is greater than the probability of the bull market ending now. Even if the probability is small, we should have thought through our exit strategy.
Those small pullbacks where Bitcoin is over 90,000 and only a few points down are too common to mention and don't affect us.
The further you look, the clearer it becomes; the more certain it is. The shorter you look, the more blurred it is; the greater the uncertainty. The certainty of monthly and weekly charts is not comparable to daily and hourly charts.
Sixth, I want to emphasize again that the current price of BNB is seriously undervalued. It really, really, really needs to soar!! 1000+ with eyes closed!!
Never think about catching the bottom, and never think about selling at the top. Once you have clarified the general direction, buying on the way down is always better than buying on the way up.
I remain firmly committed to holding publicly, demonstrating my attitude through action.
One more thing unrelated to our matters is that He Yi said most memes will ultimately go to zero. I see many people disagreeing and saying a lot, but how many memes are there now? What you see is completely different from what He Yi sees. CZ also mentioned that the discussion about memes has gone off track.
I acknowledge the existence of memes; this round of memes is indeed impressive, but I also agree with He Yi and CZ's words.
If there was no main narrative, could this round of memes be so strong? The differences between the first two rounds and now should be clear.
My long-standing view is that memes absolutely must not become the long-term main narrative, as it would destroy the entire crypto space. What has always driven the development of the crypto world is technology. Some people have been using Bitcoin as the biggest meme; please don’t confuse concepts. Without smart contracts and DeFi, imagine what the crypto world would look like today?
What about those who said that SOL would surpass Ethereum a while ago? Are they quiet now? Which chain did RWA choose? Still can't figure it out? Why not mention a whole bunch of things? The smart contracts and DeFi mentioned above. If SOL can produce something that changes the industry, I will acknowledge that it has the qualifications to challenge Ethereum. No matter how impressive the institutions behind it are or how hot the memes are, when the tide goes out, you'll realize it still lags behind the first tier. Anyway, I don't acknowledge that it's in the first tier now.
BTC, ETH, and BNB are the only ones that can become the cornerstone of your crypto portfolio, allowing for stable happiness and smooth navigation through bull and bear markets. Those who say everything outside of Bitcoin is garbage, I won’t argue with you; you are right. Because in the next cycle, I also want to only buy Bitcoin... Truly appealing and solid.
RWA is a very important matter that deserves everyone's attention. Well... I still recommend everyone buy BNB, let's all be family and achieve stable happiness together. 😂
Although I haven't stabilized yet, I'm not afraid of being proven wrong.
I've said a lot, so let's leave it at that. This is just my personal opinion, for reference only. Best wishes.
Now I'm really going to sleep. 😂
