I have been infected with the flu and now feel extremely uncomfortable. Seeing this market makes me feel bad for everyone.
However, I am quite happy because I can increase my position at a low cost again.
Just woke up and saw that Bitcoin has dropped below 100,000. Today I told everyone that it might be hard to see Bitcoin below 100,000 in 25 years.
Now is actually a good time to enter the market.
Internally, I have already given a clear hint.
I hope everyone can be a little bolder. After all, what is there to worry about in a bull market?
We are spot trading, focusing on valuable coins. Even if the market continues to fall, what can be done? If there is no money to bottom fish, we can just delete the app for a while and come back later.
By the first quarter of 2015, when you look back, you will find how ridiculous your initial fears were.
Just like when we look back to May and June, when Bitcoin fell below 50,000, our fears at that time were so ridiculous.
This is how the crypto world is; almost 99% of investors only care about short-term market fluctuations and cannot see further ahead.
When the market rises, there is greed and a desire to chase high; when it falls, there is fear and a desire to cut losses.
Why will retail investors always be cut? It is because we are short-sighted and cannot see the trend, even unable to see the beautiful scenery months later.
Ethereum just dropped below 3600, and I added a bit more. If the market continues to be sluggish, it is very likely to fall to the 3300 price range, and I will continue to bottom fish to lower my cost.
Investing in Ethereum, Thirteen is not worried at all.
After Ethereum broke 40,000, I clearly informed everyone to stop bottom fishing Ethereum because the risks are too high. Wait for the market to correct.
Now it is time to take action.
2,
Before the market starts, there will definitely be a painful process.
Most retail investors cannot endure this process and will only throw away their chips. These chips are basically pocketed by the market makers.
The current market sentiment for Ethereum has reached its lowest point since 2023. Generally speaking, such signals are considered bullish.
Institutions have been continuously buying Ethereum.
And in this round of the market, Ethereum has not exploded, remaining in a state of accumulation. Once the black box opens, the likelihood of a rebound is very high.
Of course, Thirteen's advice should only be taken as reference. Everyone should not follow blindly; after all, investing is your own business, and you must bear the consequences.
Strictly controlling position risk is very crucial.
3,
The sudden market correction was triggered by the Federal Reserve's attitude after cutting interest rates, leading to market panic.
Originally, the market expectation was a 25 basis point rate cut, which was not a problem at all and was actually a positive sign.
However, the subsequent statements made people want to directly slap Powell a few times. You have already cut interest rates, yet you are still saying that next year you will control the rate cut to within 50 basis points, which is far from the entire market's expectations, causing panic to spread rapidly.
Moreover, regarding the attitude towards Bitcoin, it has been clearly stated that the Federal Reserve is currently not allowed to hold Bitcoin, as it is determined by law, and there is no intention to actively embrace Bitcoin, which is also a matter for Congress.
Even the usually stable BlackRock couldn't hold back and quickly released a short video promoting Bitcoin. After all, they hold 57 billion USD in Bitcoin, even more than their holdings in gold.
It seems that they actually do not wish for the market to correct too much.
The current correction is largely influenced by news, and it is an unexpected situation. After all, no one could have predicted that the Federal Reserve would suddenly release such significant negative news, causing a rapid correction in the global capital markets.
However, the market took this opportunity to correct, which is extremely healthy for the future market trend.
4,
If everyone stands from the perspective of the market maker, some truths can be understood.
Typically, market rallies are guided by market makers. Before the rally, one necessary thing to do is to drive retail investors off the bus.
Only in this way can we lighten our burdens. Market makers will definitely not make retail investors rich.
How to drive retail investors off the bus? It's simple—trigger panic among them.
Retail investors panic too easily; as long as there is a major market drop, it can trigger panic. You can see how many previously confident retail investors around you have chosen to cut losses and exit.
Even now, those who cut losses and exit are basically the cannon fodder of this round of market.
In the first half of a bull market, every correction is an excellent opportunity to enter the market. Everyone understands this, but when the real drop happens, no one dares to get on board.
Thirteen usually encourages everyone when the market drops and reminds them of risks when the market rises. After it rises, reduce positions to respond to future unpredictable risks.
After so many years in the crypto world, I have seen too much. With the current fluctuations, this is really nothing in the crypto world.
I hope that fans of thirteen will maintain a good mindset when investing in the crypto world.
As long as we can see that this bull market trend is still there, then there is no need to panic. In what position to enter is not important; what matters is being on the bus.