BTC
Today's daytime market is basically volatile, and the market sentiment has declined. This is also one of the manifestations of the market returning to normal. Judging from the current K-line chart, the BTC price is still in the middle track of BOLL and may continue to fluctuate. At the same time, there is no trend of increasing trading volume, which means that there may not be many opportunities for operation in the market in the future. For this, we can continue to make fixed investments in spot, or open long positions with a light position and a stop loss of 85,000. If it is lower than 86,000, we can continue to increase our spot positions.
ETH
Ethereum has been criticized a lot by retail investors in recent days, mainly because the eth/btc price has reached a new low since 21 years. In fact, this price is relatively acceptable, because 21 years is also in a bull market. Another reason why many people criticize ETH is that ETH is the leader of the altcoins. If it cannot get up, investors holding altcoins will naturally not have any good returns, and the market does not have much sentiment.
Judging from the K-line, ETH is now in a downward trend. The light short position we proposed earlier has also received some returns. From the price point of view, ETH will definitely stabilize at 3,000 points in a short time, so those who are profitable can choose to close their short positions. In addition, su zhu’s public purchase may bring some influence, and it is very likely that ETH will rise in the future. After all, the previous increase was too low, and it can be regarded as entering a price trough. If you continue to short, the risk will be relatively large.
Why don't many people hype MEME?
Many KOLs on Twitter are discussing MEME, and even some project developers are trying to take advantage of the MEME hype. Of course, there are also some people who missed the MEME market and are now planning to enter the market, but I have some different opinions on this.
The characteristics of MEME are that it has certain Internet cultural attributes and is recognized by many people, so Internet users have a high sense of identity with it. But at the same time, it does not have many application scenarios and needs. In other words, there are very few MEMEs that can gain market recognition in the long term. It may only be popular for a while, and after a while, people will lose interest and the price will naturally fall.
In addition, MEME is more likely to be manipulated. Everyone knows that it may fall or even lose money, but they still invest in it, thinking that they are not the last one to take over. Therefore, hyping MEME requires strong information collection capabilities and interpersonal relationships, so that you can be the first to know where the hot spots are. Otherwise, it is easy to be harvested. At the same time, MEME investors are generally two types of people:
The first category is people with huge assets. They invest hundreds or thousands of U in the MEME market, and the loss will not have much impact on them. The second category is people with very little funds. Some of them may be burdened with high debts or have a bad credit record. They feel like they have nothing to lose. Relying on MEME is purely a matter of luck. At the same time, they don’t have much funds. BTC and ETH may not bring them a turnaround effect, so they prefer MEME, such as buying dozens of U for one coin to try their luck.
For investors who hold hundreds of thousands of dollars, one million is a very important threshold, which they may easily reach in this bull market. At the same time, if they lose money, their assets will most likely be able to maintain a six-digit level. Therefore, such people are unlikely to take the risk of speculating in MEME.
When you care more about the profits and losses of your assets, you are actually not suitable for investing in MEME. As for the people with huge assets we mentioned earlier (having huge assets proves that they are not bad), even if they lose half of their assets, their lives are better than most of us. It’s just because they chose the wrong track. As long as they correct it, there is still a high probability that they will have a chance to turn things around later. People with high debts simply want to turn things around, so no matter how bad their lives are, they have experienced it before, so their tolerance for faults will be higher.
Many people in the middle, like me, have poor tolerance for error, because our assets determine that we will not have too many brilliant achievements. Therefore, as long as we don’t make too many mistakes, we will succeed. Naturally, it is not easy for them to take risks to invest in MEME. There are many such people in the market, which means that it is difficult for MEME to change people’s investment ideas. This is also the fundamental reason why exchanges are desperately launching MEME to create popularity, but retail investors are not very willing to buy it.
