Most things in the world we live in are contradictory.
The same thing has a good side, but also a bad side.
As an ordinary person, we must learn to make choices. As long as I can live and work in peace and happiness, then it is a good thing. Never kill yourself for some illusory things.
We are all adults, not three-year-old children.
The same principle applies to the cryptocurrency world. Many people have always had a soft spot for altcoins and have given up on Bitcoin and Ethereum, thinking that they won’t see much growth.
Although the increase in Bitcoin's value may only be 2 to 3 times, it can allow you to survive in the cryptocurrency world and live a comfortable life.
If you choose altcoin, it is possible that it will explode by dozens of times, but it may also plummet by hundreds of times or even return to zero.
Moreover, the rise in the bull market does not happen overnight, but often moves forward in a zigzag manner. In this process, with the investment mentality of the leeks, it is almost impossible to resist.
Even though Shisan is replenishing everyone's faith every day in his articles and Shisan circles, he encourages everyone to take a longer-term view.
But it is also impossible to stop the short-sightedness of the leeks. What they care about most is the short-term market fluctuations. They chase the rise when the price goes up and sell at a loss when the price goes down.
In every round of bull and bear markets, the retail investors that Thirteen encounters are almost all like this. Their only purpose in coming to the cryptocurrency circle is to add liquidity and then keep their money in this circle forever.
To line the pockets of a few.
The same is true for this bull market, so if someone around you tells you to cut your losses quickly because there will be a big drop later, please block him immediately.
These people are not only short-sighted themselves, but they also hope to make others short-sighted as well. In order to prove that their views are correct, they "preach" madly.
The friend who was originally very energetic gradually became a charlatan.
2，
Why is the market rising?
Thirteen told everyone clearly in his article last night, and today Thirteen will add one more thing: the miner shutdown price.
I remember that at the low point of the last bear market, Shisan posted on a certain website and a certain official website to tell everyone that the current price is already lower than the shutdown price of miners, and it is a good time to enter the market.
The price range at that time was between 15,000 and 2,000. Old fans should know that many friends left messages in the background to mock Thirteen. They believed that Bitcoin would fall to 8,000. Many friends were very confident and kept waiting until now...
In this round, after the Bitcoin halving, the average shutdown price of miners has reached 60,000U. You can calculate it yourself on the f2 pool website.
Including the latest generation of mining machines, the current cost is 48000U. This group of miners is still a minority, and the computing power of most miners cannot reach this level.
So on average, it should be around 60,000.
Adding in the various operating costs of the mine, this cost price should be more realistic.
So, now that Bitcoin has reached this price, even if this position is not the bottom, it is not far from the bottom.
Therefore, those of us who hold spot goods do not need to panic and should hold on to our chips.
3，
However, the recent market trend is weak, and Bitcoin is likely to usher in a wave of correction, breaking the current price balance.
What balance?
Recently, due to the negative impact of CZ and policies, when the price of Bitcoin fell to 57,000, altcoins did not fall much, and it seems that they have fallen to the bottom.
Therefore, we can regard Bitcoin above 57,000 as a price range. Within this range, altcoins have maintained a delicate balance because of a major crash.
This balance seems to tell us that the market can no longer fall.
However, this balance is likely to be destroyed with the sharp drop in Bitcoin in the short term. According to Thirteen's optimistic estimate, Bitcoin still has at least 5 to 8 points of decline, while altcoins may have 20 to 25 points.
Once Bitcoin falls below the equilibrium point of 57,000 and enters the next price range, altcoins are likely to plummet.
At this time, as an investor, you cannot bet that the market will definitely fall or will definitely rise.
We must be prepared to deal with risks, and the preparation is very simple, which is to embrace Bitcoin whenever it falls.
If you are a heavy holder of altcoins, you can slowly convert your altcoins into Bitcoin or Ethereum.
This way, your risk can be minimized.
4，
The more important news in the market today may be that Trump publicly ridiculed Biden and explicitly expressed his support for cryptocurrencies.
Today, the Biden administration issued a statement, making it clear that it will strictly regulate the behavior of financial companies in custody of cryptocurrencies and pass strict supervision through legislation.
The content of the statement sends extremely negative information to cryptocurrencies. The worst case scenario is that legislation will be passed to deny trustees the right to entrust cryptocurrencies.
After the news came out, Trump publicly stated that he would support the development of cryptocurrency and hoped that everyone would vote for him.
Of course, we don’t know whether Trump will support it, but at least for now, public statements of support still have a certain degree of credibility.
Trump is actually half a cryptocurrency person. He obtained some selected funds in the cryptocurrency circle through his own NFT.
As someone who has tasted the sweetness, he has a better understanding of this circle.
As for the future, we will just have to wait and see.
5，
Recently, many of my friends have been in a very impetuous state of mind.
As the market fluctuates disorderly up and down at this position, many friends have also started to buy at the bottom.
However, in the process of operation, they always found that they always sold at the lowest level and bought at a relatively high level.
I am very confused and want to ask Thirteen.
In fact, this situation is very common for retail investors, and you are not special.
If you are in this position for a short term, then you must pay attention to the bottom-picking range and selling range given by the Thirteen Circles.
If it is a long-term position, then just buy it with your eyes closed and make fixed investments. At this time, every chip will be the basis for you to gain wealth in the future.
In fact, most of the leeks in this circle are concentrated in Asia.
We are the hardest hit area in Asia.
Through statistics of relevant report data, it is found that the sharp drop in this period was almost all caused by market crashes in Asia, while the mainstream operation trend in Europe and the United States is to buy at the bottom.
When the market rose above 64,000, the main buying force was still in Asia.
I hope everyone can have a deep understanding of this issue.
Some things are ingrained in our bones and are difficult to change, so at least in the circle of Thirteen Circles, we must be different from others.
Otherwise, you will probably miss this bull market again.
If you are also interested, we can communicate together (search the public account: Senior Brother Nakamoto Satoshi)! !
