September 4, 2024
Today's market pays tribute to "94", which is contrary to my judgment on the short-term. However, since $BTC fell to the support of 55,000 and rebounded, I will continue to buy and wait for the subsequent pressure of 65,000. I think there will be a rebound. At present, there have been some rebounds in the short term, so if you didn't buy the bottom in the morning, wait a little longer. If there is no second decline tomorrow, it will basically be stable. This wave of short-term judgment is wrong, but it does not affect the expectation of the subsequent rebound to the pressure of 65,000. After all, this wave of decline this morning is still the main behavior in the market, and it can be regarded as a situation where the atmosphere of short selling continues to brew.
Now, the most uncomfortable part for everyone is that the price of Shanzhai keeps hitting new lows while Bitcoin fluctuates repeatedly. This is inevitable, because when the bull market is upward, the growth of Shanzhai will exceed Bitcoin, and when the bull market turns, it will fall even more. And because of the nature of Shanzhai, many projects can run away or change dealers in the middle of their development, so the allocation of Shanzhai must be more than 50%, and when the market is good, the allocation of Shanzhai should be lower, 20% or even 10% is acceptable.
Anyway, it is very difficult to make money in the current market. I wrote an article on BN Square a few days ago. I calculated that if I hold 100 BNBs and continue to buy new ones this year, I can earn about 5,000 yuan a month. The number of readers has exploded, which shows that risk-free returns are still attractive. If you hold stable currency assets such as USDT, you can actually manage your finances. In addition to the FDUSD I mentioned before, the USDT current account of BN and OK, I will introduce a new product tomorrow. It is a bit of a soft article, but I also recommend everyone to take a look. This product may have an airdrop.
Finally, the recent market continues to fall, and this process will gradually make everyone lose faith or even collapse, and then sell their chips. Although the current market is still very bad, even if there is one last drop in September and October, it will not be too outrageous. We must hold our spot firmly, and the bull market next year will be the time to really make money. Even for the cottages that have fallen outrageously, as long as they can rise in the bull market, it may take only a few days to double several times, but the suffering of the bear market must be experienced.
According to the BN Square voting results a few days ago, my grandfather ranked 23rd. The rewards will be announced in a few days. I will inform you in advance and send them to everyone in the form of password red envelopes. Thank you again for your likes.
