December 15, 2024.

Bitcoin is gradually becoming correlated with the US stock market~~

The trends in the cryptocurrency market are increasingly aligned with the US stock market, almost rising and falling together; liquidity is generally low on weekends.

Trump established a Bitcoin strategic reserve,

BlackRock's spot ETF keeps buying and buying,

(MSTR) has been included in the Nasdaq 100 index.

The implementation of these policies makes it as simple for American civilians to purchase Bitcoin as it is to buy stocks or funds.

Today's Bitcoin is like individual stocks in the Nasdaq.

Sometimes the trends may deviate from the Nasdaq index, but for the vast majority of the time (over 80%), it generally follows the US stock market.

If you don't make arrangements in advance, when the price rises, you'll only be scrambling at the last minute.

The fear of missing out (FOMO) is one of the reasons investors chase after buying coins, and it is also one of the most important reasons for losses.

Chasing high prices to buy coins can only lead to high risks for minimal returns.

Conversely, if you position yourself at lower levels during corrections, you are more likely to achieve several times the return with lower risks.

Do not bet on short-term fluctuations; focus on the cost-effectiveness of the medium to long term.

Avoid chasing high prices, avoid heavily investing in junk, and avoid contract leverage. Lowering the limit on losses is far more important than raising the limit on profits.

If your loss limit is very high, you could lose everything overnight.