Today's market conditions have made investors very conflicted. They want to buy but are afraid of a pullback, and if they don't buy, they are worried that the market will take off directly.
If your position has been built, then you don’t have to worry about this. After all, the position costs of most friends in the thirteen circles are below 60,000 and 3,000.
Now I just leave some cash positions for short-term trading, selling high and buying low.
Many people who have insufficient positions are really troubled and don’t know what to do?
If the bull market starts, where is the best entry point?
Here are some suggestions for you to refer to:
First of all, you need to confirm whether your holding period is long-term or short-term. If it is short-term, there is indeed a great risk, but in the long term, now is a good entry position.
For example, how much will Bitcoin and Ethereum be at the end of the year? Compare the current costs and the choice will be made naturally.
Secondly, do you agree that the cryptocurrency market will usher in a big bull market in the future? If you think so, then now is a good time to enter the market.
However, entering the market is a technical job. If the market fluctuates greatly, you can adopt the method of buying on dips to build a position.
If the market moves horizontally, you can buy stocks regularly every day and slowly complete the position building.
Don't try to buy at the lowest point, no one in this world can do that.
If you experience a paper loss on your account after building a position, please accept it calmly. You will have to bear this risk in the short term, so take a long-term view.
2.
We all know that the approval of the Ethereum spot ETF is premised on the waiver of the pledge right.
In other words, there is no staking income for the Ethereum ETF purchased by investors. Although traditional funds will strive to get back the staking rights after entering the market, they do not have this right at present.
Therefore, it is more cost-effective for investors to buy Ethereum spot.
This limits the appeal of Ethereum to a certain extent. Most traditional funds will not directly purchase Ethereum spot, but will keep their funds in exchanges or other cold wallets.
The amount of their funds is too large, and there will be unknown risks in the process of moving.
The only thing these funds trust is ETFs.
Therefore, Ethereum also has challenges. Although it will lead the progress of this bull market, it also faces challenges of its own.
Many people are worried that after the S-1 document is passed, the positive news for Ethereum will turn into negative news and the market will pull back.
This possibility exists, but we must bear the volatility risk of this kind of pullback. What happens even if it has a 20% pullback?
So hold on to your Ethereum and Sol.
3，
Now that the Ethereum spot ETF has been approved, who will be the next spot ETF?
The general expectation is sol.
The entire cryptocurrency, except for Bitcoin, is altcoins. Ethereum is just the king of altcoins, but it is still an altcoin in essence.
So after the Ethereum spot ETF was approved this time, other altcoins also saw the dawn of victory.
Ethereum’s biggest competitor, Sol, has become the new darling of the market.
This is why Thirteen has been encouraging everyone to deploy SOL within the Thirteen Circle. The current price is 160. If it can reach 500 or even 1000, our rate of return will be very high.
Now people are hesitant to buy because they are worried about the market correction and Sol plummeting.
If it weren't for the early FTx crash, the price of sol might have been 500 now.
The value market's expectations for its spot ETF, regardless of whether it can be passed or approved, is enough as long as there is this hype hotspot.
If there is a hot spot, funds will flock into the market during the bull market, and the increase in this coin is the most worth looking forward to.
At that time, I will let everyone move to stop profit within thirteen circles.
Welcome everyone to follow Thirteen Circles.
4，
This round of cryptocurrency bull market will definitely come before the election.
Biden also formed his own meme coin team after seeing Trump's behavior.
Trump is going further and further in supporting cryptocurrencies. Although it is for votes, for cryptocurrencies, the more fiercely the two of them fight, the more beneficial it is for the crypto bull market.
It is expected that more positive news will come out in the future, directly driving the entire bull market.
Everyone must clearly understand that with the support of halving, general election, economic warming and other factors, this bull market may be unprecedented.
At least no presidential candidate has publicly expressed support for cryptocurrency before.
Especially Trump. Compared with Biden, his support for the cryptocurrency circle seems to have no bottom line. For example, in addition to expressing support for the development of the cryptocurrency industry, he also promised to protect the security of investors' encrypted assets.
It also said that the sentence of Silk Road founder Ross Albricht would be reduced.
What is Silk Road? It is the dark web, a platform for all kinds of illegal transactions. If Trump really takes action, it will undoubtedly challenge the authority of the judiciary.
Of course, his words cannot be taken seriously now. After he gets the votes and takes office, things will be completely different.
But for now, the more fiercely the two candidates fight, the better it is for cryptocurrencies.
Come on, people in the cryptocurrency world,
Welcome to: Minus Thirteen Degrees
Let’s go through the bull and bear markets together and see through the mundane affairs of the cryptocurrency world.