The world is so big that nothing is impossible. Trump's speech was met with a shooting incident, which was jaw-dropping. Fortunately, the bullet only passed by and took away a little of his earlobe, which is undoubtedly the greatest luck in the world. Imagine if history was rewritten at this moment, the stock market, the cryptocurrency circle, and even the whole world would be caught in a vortex of turmoil.
The logic of the financial market is based on stable expectations. Whether Biden or Trump is at the helm, the general direction of policy is predictable. However, once this expectation is broken, as in the Abe incident, the financial market will fall into panic, and will fall first until the situation stabilizes, and the market will slowly return to normal. Therefore, Trump's "brush with death" is undoubtedly a huge test for the financial market, but also a rare opportunity.
Trump only scratched his ear, but it brought great benefits to the entire financial circle, especially Trumpcoin, which skyrocketed. For cryptocurrencies, this is undoubtedly an important good news and the basis for the smooth progress of the bull market. After all, from the current point of view, Trump's chances of being elected are greater than Biden's. He has written cryptocurrency into his governing program, so the bull market is set in stone.
Making fun of Trump seems to have become a daily routine. But if you think about it carefully, we make fun of him because he has enough strength and influence for us to make fun of him. Trump has achieved great success in business and has also reached the top of the pyramid in politics. Such a person, whether we like him or not, should be respected from the bottom of our hearts. As a person in the cryptocurrency circle, Trump's coming to power will definitely stimulate the cryptocurrency industry, and this round of bull market may reach an unprecedented level.
However, after the market reached 60,000, it fell back. The good news has been digested by the market, and the market seems to be returning to its original state. The hurdle of 60,000 is not so easy to break, and the market needs time to digest the selling pressure. After all, not everyone is as optimistic about the long-term market of cryptocurrencies as we are. Some institutions are facing huge funding pressure, and creditors in Mentougou also need cash to improve their lives. Therefore, I suggest that everyone reduce their positions at high levels (around 62,000) and wait for low levels to take them back.
As people in the cryptocurrency circle, we need to put ourselves in a God's perspective when analyzing the market in order to avoid most risks. The approval of the Bitcoin ETF has led to a wave of bull market, and Bitcoin has naturally reached a record high. However, the continuous fluctuations and declines in the following four months were something no one could have predicted. Especially the drop to 53,000, almost all the bulls below were harvested.
Now, a large number of shorts have accumulated above Bitcoin, and they are waiting for an opportunity to move. If you are a trader, what would you do? The bottom has been harvested, is it time to continue harvesting upwards? If Bitcoin suddenly starts a U-shaped reversal from now on and rebounds above 72,000, then the entire market will have 5.6 billion US dollars of funds waiting to be harvested. Will this make you excited? Will it suddenly rebound? I think this possibility exists.
Of course, this is just my speculation and may not really happen. But we must be prepared for it. In the medium-term market, we should be bullish instead of blindly bearish. After the market digests the current selling pressure, it may suddenly start a violent rebound at some point in time. Therefore, we must hold the spot in our hands firmly.
Today, many friends asked me whether they should sell some of the currencies they invested in because they have been cut in half. I looked at them and found that these currencies are actually projects of unknown value. They may have certain value, but they cannot be used as long-term strategic reserves. Many friends, influenced by others, think that investing in these currencies can make them rich and that they will increase a hundred times in the future. However, they ignore the risks of investment.
If you invest in altcoins and expect high profits, you should be able to bear the high risks it brings. It's just that everyone's luck is not good, and the market has started a four-month slow correction cycle. Fortunately, it is only the early stage of the bull market. No matter how badly it falls, it will not be a big problem to get your money back in the future. As for whether you want to sell at a loss, it depends on your overall position and risk tolerance.
In general, as an investor, you must embrace the value of certainty in the cryptocurrency world, rather than betting on altcoins. If you have no resources, no background, and no information advantage, who can you beat? Remember, you are always the weak in this market. If the weak are not clear about their own positioning, they can only be cut. This is why I always ask everyone to control their positions and stick to long-term value investment. This is the only way for investors to make money in the cryptocurrency world.
Come on, cryptocurrency people! Let’s go through the bull and bear markets together!
