Now is the most difficult market situation again. The altcoins are almost numb to the decline and are waiting for the ETF news. The big bitcoin will benefit in the short term, and if the altcoins do not benefit, they will definitely fall much more than the big bitcoin in a short period of time. In other words, funds are withdrawing from the altcoins to bet on the big bitcoin, so the big bitcoin will fall less.
The news passed that Bitcoin broke through 45,000 and went up. If it did not fall below 44,500 after falling back, it would be an effective breakthrough. If the ETF passed and then broke through and fell back immediately, you should be careful. However, if it did not pass on the 10th and Bitcoin did not fall below 40,000, it would be expected that it would pass again in the next period of time and would not fall sharply, and it might turn for the better.
Although the altcoins have fallen sharply, the weekly K-lines of some altcoins are still good, and only a few are relatively strong and resistant to the fall:
ENS/GNS/BGB/GMT/LDO/SSV/CHR/PEOPLE/INJ/MKR/SEI/TIA/STX/ALEX/METIS, the most powerful one is PEOPLE (the dog dealer is too ruthless, so I won’t say more).
The inscription track is becoming increasingly sluggish now, but Qingtian believes that you should always buy when no one is interested and sell when there is a lot of noise!
Binance Wallet will most likely be launched before the New Year. Once launched, the inscription track and Bitcoin ecosystem will usher in another big market trend. This is certain. So what should we plan for?
1. ORDI, inscribed dragon head weather vane, high control panel.
2. SATS, the application currency with the inscription Dragon II.
3. RATS, the meme coin of Inscription Dragon III, has the largest and hottest community, is the most heavily laundered, and is expected to be listed on Binance spot. The current market value of RATS is about 15% of ORDI. The lowest point of the previous wave was 5%. This wave, I think, is about the same bottom. If the overall environment is not good and it continues to fall, it will not be lower than the lowest point of the previous wave of 5%, and at most it will reach 10% of ORDI.
RATS has been at odds for several days over the NFT issue. This coin has been so popular for so long, but now the community is split. Currently, retail investors on X are panicking and selling, and some big investors are adding positions. I am still optimistic about RATS in the future. After all, the community has been built for so long and has a solid foundation. Maybe it will be easier to take off in the future after the quarrels settle down.
So if you are short, you can build a position in batches. If you already have one, just hold on and wait for the wind to come.
4. BTCs, the community is enthusiastic and united. Although it has not yet achieved the above expectations, it is also awesome to have secured the title of “small cookie”.
5. QUARK on ARC20 is the largest and hottest project on the protocol that will be supported by Binance EUR. It has a market value of only 30 million, and the chips are dispersed very healthily. There are more than 10,000 people. The average cost of scientists is 30 to 40 dollars, and the current price has also fallen back to 50 to 60 dollars. It has huge prospects and is comparable to SATS.
Today, I read Huoshange's article: "Experiences of Losing 20 Million Yuan in 6 Years in the Cryptocurrency Circle" and learned a lot. He said a few good points about investment, which I would like to share with you.
1. Investment is a science
It is very dangerous to suddenly become rich because of good luck when you are not strong enough. The money earned by luck will be lost by strength. There are some basic principles that must be followed. Whenever you lose a lot of money, you must have touched the red line in some investment areas. Jump into all the big pits first, then summarize the experience, then systematically study the theory, and finally refine it into your own system!
2. Don’t go all in
Investment has very high uncertainty and very big risks, so you shouldn’t go all in! If you go all in every time, there will always be a time when you will lose everything. New investors generally don’t go all in right away. The problem is that if a small-scale investment can quickly get a high multiple return, the greedy demon will be unconsciously released, until it finally devours your rationality and leads you to go all in.
3. Be cautious when adding leverage
1- Leverage in the areas you are most familiar with. First of all, being most familiar with the field will lead to a better success rate. Secondly, leveraging is a test of mentality for most people. If you don’t know enough, it will be more difficult to keep a stable mentality, and you will easily make mysterious operations, making mistakes one after another.
2- Before using leverage, you must ask yourself again and again, when the worst happens, can you bear it? Only when the answer is certain, can you use leverage! Here you must be absolutely rational and extremely conservative. Don't deceive yourself, that is, don't follow blindly, and don't have the fluke mentality of gambling! For most people, the reliable approach may be to use small positions to leverage and win big with small!
3- Once you smell the risk, you must immediately reduce leverage or stop loss, even if it is just a little bit! Losing money with leverage is much more exciting than making money with leverage. I believe that those who have experienced it will be unforgettable!
Finally, Qingtian hopes that everyone can gain something and develop their own investment system as soon as possible, so that they can make a fortune in the new year!
