You are not wrong, reflection and accumulation Oh, sold out😇
徐戈Crypto
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$BONK has all come back, bonk and Pepe resonate in similar ways, onomatopoeic meme benefits spread, the key is to have fully settled down, there is a firm doing the work.
Patiently waiting for the opportunity, buying when it's time to buy and selling when it's time to sell, 10 dollars of Bitcoin and 100,000 dollars of Bitcoin are completely two different things. Criticizing a coin as trash is not as good as reflecting on one's own trashy operation strategy and restless mind.
I just had tea and chatted with a big shot in the industry, every word is classic! I've summarized the following points for my brothers, you must read it all! It will definitely be of some help to you!
The secret to making money in the cryptocurrency world: uncovering the differences between top experts and ordinary people. In the cryptocurrency market, whether one can make money is actually easy to judge. Just observe the people around you and the discussions they have, and you can discover some interesting phenomena that can help you determine who can profit in the cryptocurrency world.
Traders can generally be divided into three levels: ordinary traders, skilled traders, and top experts.
Ordinary traders usually spend a long time discussing price fluctuations of 1% or 2% in communities, even thinking that the market has surged or plummeted, with extreme emotional highs and lows. They often argue endlessly about these minor fluctuations, staring at the market all day long, afraid of missing any slight changes.
Skilled traders are slightly better, but when the market fluctuates by 10% or 20%, they also begin to feel anxious or excited. You can tell from their expressions or conversations whether the market is rising or falling; they are constantly conflicted about whether to increase their positions or sell.
As for top experts, after buying at the bottom, they hardly look at the market frequently anymore; they only occasionally check to confirm whether the trend has reversed. Their emotions only fluctuate slightly when the price is halved or doubled; otherwise, they behave as if nothing has happened, going about their normal activities like eating, drinking tea, and having fun. As long as the overall trend doesn’t change, they won’t have any worries.
Top experts often have a profound understanding of human nature. They know the weaknesses of human nature and understand that these weaknesses are hard to overcome. Therefore, they reduce the frequency of checking the market because the more they look, the harder it is to resist the weaknesses of human nature. Human emotions are dynamic; there is one mood when prices are rising and another when prices are falling. If one cannot control their emotions, they will be swayed by them, leading to actions that deviate from their original plans. Top experts understand when to be greedy and when to be fearful.
When the market is surging wildly, one should feel fear, but most people choose to increase their positions at this time; in reality, they are not increasing their positions but feeding their inner greed. When the market is crashing, it should be the best time to layout positions, but many choose to cut losses; what they are cutting is not their positions but the fear within their hearts.
$TURBO Dear big guys, should we hold on to the spot or sell at a loss? It has been falling for half a month... RMB has been decreasing and it can’t stand it any longer. If it falls again, the prosperous years will turn into lean years!
The sponsors passing by share their opinions. The counterfeit has been falling since mid-last month until now. Should I hold on to the spot I have or cut my losses? Please guide me, esteemed experts... Thank you! ^O^
In one month, I blew up my account three times (zeroed out, and the margin call doesn't count), losing a total of 10,000 soft sister coins. Just recording this, as I don't know if I will be tempted again to enter this market in the future.
1. On October 25th, I invested about 2,000 soft sister coins for around 270 US dollars. It doubled on the first day, which felt great. After that, it was back and forth, but it never returned to the highest point again, until it finally went to zero.
2. From October to early November, #rif gained popularity, so the second time I invested 1,000 soft sister coins for 138 US dollars at a competitor's place, using a web wallet to buy dog coins. It was also back and forth. It seemed quite enjoyable, peaking at three times the investment, but later… naturally, it turned into a pig slaughter scheme, and I didn’t cash out before the crash, resulting in zero.
3. On December 1st, I invested another 7,000 soft sister coins, totaling 830 US dollars. I summarized the experiences from the previous two times: first, do not open leverage above 3x, and second, do not touch the primary market. Initially, it ran steadily for three weeks, reaching nearly 4 times the investment until yesterday… due to the surge of $CRV , I became overly confident. I had already fully leveraged 5 times with $CRV (which broke the prior agreement of a maximum of 3x leverage), and I opened up 10x leverage again, fully investing in $UNI … the result, of course, was waking up this morning to find my account blown.
The pullback in the cryptocurrency market seems to be over. Are all the investors safely back on solid ground? It is rumored to be related to the U.S. elections, but that is not the only factor. Regardless of the reasons, we should remain cautious and rational and not blindly follow the trends. Of course, besides the influence of the U.S. elections, there are many other factors that have contributed to the pullback in the cryptocurrency market. These include changes in market sentiment, adjustments in technical indicators, policy risks, and so on. These factors interact with each other and collectively influence the market trends. However, we must also recognize that the cryptocurrency market is highly volatile, and pullbacks are part of its operation. During the investment process, we need to stay calm, analyze the market rationally, and not be swayed by short-term fluctuations. Finally, I hope all investors can view their investments rationally, strike a good balance between risk and return, and achieve long-term stable investment returns.
I hope what you said is true, I am already stuck at the top, the wind is so strong😇
加密小蝶
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Christmas sell-offs are common in bear markets, but such a fierce sell-off in a bull market is indeed rare. This drop does not have significant negative news associated with it, but the timing at 5 a.m. makes it particularly strange. From a comprehensive analysis, the main purpose of this drop may be to clear high-leverage positions in the market, while other reasons are mostly secondary. This sell-off cleared nearly 2 billion USD in leveraged positions, far exceeding the 1.1 billion USD liquidation scale on August 5, making it the largest deleveraging action in recent times.
Currently, the deleveraging actions have led to the return of altcoin funding rates to normal levels, but last night the market hit a low of around 94,000 USD due to panic selling in U.S. stocks. Although this position has received support, it is expected to experience about 1-2 weeks of adjustment and fluctuations in the short term. From an overall trend perspective, the main role of this drop is to clear obstacles for subsequent market movements, and the completion of deleveraging will lay the foundation for the next round of accelerated price increases for Ethereum and altcoins. The bull market trend is still intact, and investors holding spot assets just need to be patient.
Is a deep correction the best entry point?
This year's market trends seem to be mirroring the rhythm of 2023:
October: Strong takeoff; November-December: Consolidation upward; January: ETF launch helps the market reach its peak.
The current market is in a phase of upward consolidation, combined with potential positive factors such as Trump's inauguration in January and Musk possibly joining to boost DOGE's popularity, the market is expected to reach a climax in January next year. It is worth mentioning that today Microsoft will hold a meeting to discuss whether to purchase Bitcoin. If the purchase plan goes through, the market may take off again, and altcoins will benefit from this.
My summary of the viewpoint:
The bull market is not over! The current adjustment is a healthy deleveraging behavior and does not change the overall direction of the bull market. The altcoin season has not arrived yet! The real explosion period for altcoins may come after mainstream coins stabilize. Focus on strong coins at lower prices! Every major drop is an opportunity to accumulate quality assets; it is advisable to pay close attention to coins that have performed steadily or strongly recently.
In the short term, wait for the results of the Microsoft meeting and for market sentiment to stabilize. In the medium to long term, the overall direction remains positive, and the current fluctuations actually provide a good opportunity for positioning.