The image above shows my holdings data apart from completely doubling a single currency, and I believe that after doubling, I do not intend to add to the position unless there are expectations for further highs. The community asset management account is not included in this, just giving everyone a preview while discussing my thoughts and some logic under the same market conditions.
First, regarding total positions, since 2021, I have adhered to the principle of holding half positions in Bitcoin and Ethereum, with the lowest proportion of Bitcoin and Ethereum being over 40%. The average price of Bitcoin rose from 44,000 USD at the end of the last bull market to the bear market low, averaging around 27,000. The cost of Ethereum is around 1,700 points, and most of my Ethereum holdings were exchanged from high positions in Bitcoin during the first half of this year. The logic of trading Bitcoin at high points is correct, but whether the decision to switch to Ethereum is correct remains to be seen. The trading of Bitcoin and Ethereum is very infrequent; my trading frequency is basically once a quarter.
Secondly, regarding altcoins, the altcoin holdings here are from the publicly disclosed tenfold coin sequences, as well as recommendations from public accounts or member groups, and the recently published doubling coin sequence. As long as I think a coin may have a market, I generally buy it first. Except for those that have already been stopped out and those in my wallet, almost all the rest are here.
Overall, my personal situation is somewhat different from many partners. For example, my cost for ORDI is only 4.1 points, I have withdrawn my principal and added to my position, so essentially I have zero cost now; for example, OKT, which I exited with my principal after the first entry and plan to raise prices again to sell, it doesn’t matter how much it retraces. The disclosed cost for OKT was 12 USDT at this time last year; and for SOL, SUI, ARB, OKB, etc., relatively speaking, I currently have no cost and have increased my positions.
My own summary is that I have achieved the unity of knowledge and action within my understanding. I have always been cautious not to exceed my established mainstream half-position red line, even if ETH has been performing poorly, it is still much better than the altcoins that often see their values halved. Secondly, regarding my involvement in altcoins, most of my buying points are quite appropriate when stated, and after doubling, I will definitely withdraw the principal of the first investment, but I lack the ability to escape at high points, after all, I have expectations of a violent bull market.
Then be patient. When the market is not good, I feel anxious like everyone else, but I won't easily move my chips because of anxiety. All operations are based on predetermined rules at the time of purchase, and market fluctuations are just a matter of whether to hit take profit or stop loss first. In the mainstream coins this year, Bitcoin only has sell orders, and Ethereum only has buy orders. In the past quarter, many popular meme coins were hardly participated in, as the hot spots change too quickly and my research may not keep up with the market.
Lastly, let's talk about shortcomings, mainly in two aspects. First, the position is too full; for most of the year, the position has been over 80%, and often it is fully invested. In terms of operations, I tend to gradually reduce positions at bull market peaks. Second, there are too many altcoin holdings; my advice has always been to keep altcoin holdings to 6-8 coins. The main reason I buy more is for research needs, as I need to provide advice to everyone, and I control the position for each individual altcoin. These two points need to be avoided according to the actual situation.
When I am losing money, I am the same as everyone else and even bear greater risks of drawdown. However, no matter what, given the current social and economic situation, the crypto Web3 market is still the closest path for ordinary people to cross classes. The most important thing here is enough self-discipline and enough calmness.
Here is today's main text:
In the past 48 hours, the crypto market has experienced the most difficult moment in a quarter, with over 160,000 liquidations and contract liquidations exceeding 500 million USD. In our community alone, more than 9 people sought solutions after holding positions to the end, with a total liquidation amount exceeding 6 million. This directly confirms Uncle San's long-held viewpoint: teaching people how to trade will never work, but teaching them once is enough; if it doesn't work once, then come back and try again!
These partners have a common point: they all entered the market with full confidence in late last year, received the inscription benefits at the end of last year, and then faced losses in spot trading in the first half of this year, stepping onto this high-risk fast track. After Bitcoin hit a new short-term low and liquidated their positions, everyone suddenly became confused. Spot trading is too slow, and they have no control over contracts, so what should they do?
Objectively, Uncle San still believes that everyone should have a clear understanding of themselves, which includes understanding why they entered the crypto space, what their trading capabilities are, and to what extent they understand the market.
Entering the crypto space, without a doubt, is definitely to make money! The vast majority of people want to earn money in the Web3 market that they cannot earn in the Web2 market, so why do you think you can make this money?
The survivor bias in the crypto market has led to particularly severe trading aggression. Many people see million to billion dollar Bitcoin kings, see thousands turning into tens of millions overnight, and see a thousand USDT turning into sixty million in half a year, but they don't see the countless market liquidations that have occurred.
So what should we do after this wave of liquidations? Simply put, stay away from the high-risk crypto market, return to life, and work hard to earn back in the upcoming work, starting from scratch to accumulate your wealth. If you have extra funds to re-enter the market, please hold back your desires, lower your expectations, make a good trading plan for the future, and reasonably navigate a bloody path in the spot market.
The slowness of spot trading is not a disadvantage. Looking at the asset curve over 90 days in the image above, it fluctuates up and down, but overall it has been climbing. When we have a reasonable and executable operational logic, it is never too late to start at any time. To take a step back, in the crypto market, even earning 1% in a day is much easier than in most financial markets.
Uncle San does not deny that some people can make money in the contract market, including the smooth contract operations of some of our assistants, but a market that tests human nature too much often ends with an unhappy ending. Therefore, either completely avoid it, or be fully prepared before engaging.
Tomorrow marks the official start of the US elections. It can be anticipated that the release of data during each election stage will have a significant impact on the market, and the short-term market remains unclear. However, ultimately, regardless of whether Trump or Harris takes office, it cannot stop the continuation of this trend. Everyone should stay tuned for this.
Last week, Bitcoin spot ETF had a net inflow of 2.2202 billion USD, of which BlackRock accounted for as much as 2.1489 billion USD. The buying has entered a heated stage; Ethereum spot ETF had a net inflow of 13.3 million USD, but BlackRock alone accounted for 65.5 million USD. The selling pressure for Ethereum spot ETF is still mainly from Grayscale.
Tomorrow, the Tomorrow Community publicly released the tenfold sequence layout table, and in the first half of the article, they also disclosed most of their holdings. The average return of the entire sequence, which was fully invested, is currently 3.1 times, with two coins over ten times, five coins over five times, eight coins doubling, and two losses. It's time to publicly observe the next phase of tenfold coins!
BTC: The selling pressure on Bitcoin is still increasing, and the long position pressure in the liquidation chart is enormous, with a high risk of further downward price action and liquidations. The four-hour chart currently shows that short positions are dominant, and both the daily and weekly charts are in a high-level adjustment phase. Tomorrow, the US election will begin, so let's watch from the sidelines for these two days. The long positions at the weekly level are still slightly stronger, so I don't expect adjustments at the weekly level for now. The four-hour support has moved down to 66,000 points, at which point the long liquidation will exceed 2 billion USD, and if hit, the subsequent reversal will be unpressured.
ETH: Ethereum showed some strength but was still held down. Once Bitcoin stabilizes, a strong rebound is expected.
Altcoins: Feel free to ask directly in the comments!
