Yumo's opinion: Market entanglement, investment decision

Today's market makes investors very entangled: they are afraid of callbacks if they buy, and they are worried that the market will take off directly if they don't buy. If you have completed the position construction, you will naturally not have this worry. Most of Yumo's friends have a position cost of less than 60,000 and 3,000. Now you only need to leave some cash positions for short-term trading, and buy low and sell high.

Investors with insufficient positions are really troubled now and don’t know what to do. If the bull market starts, where is the best entry point? You can refer to Yumo’s suggestions below:

Investment strategy advice

Clarify the holding period: First, you need to confirm whether the holding period is long-term or short-term. Short-term risks are greater, but in the long run, now is a good entry point. For example, what is the target price of Bitcoin and Ethereum at the end of the year? Compare it with the current cost and you will naturally make a choice.

Bull market expectation: Do you believe 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 buy and open a position when the market falls. If the market moves horizontally, you can buy and open a position every day and slowly complete the position. Don't try to buy at the lowest point, no one in this world can do that.

Accept floating losses: If there is a floating loss on the books after the position is established, please accept it calmly. You have to bear this risk in the short term, but take a long-term view.

Ethereum and Spot ETFs

We all know that the prerequisite for the approval of Ethereum spot ETF is to give up the pledge right. In other words, investors who buy Ethereum ETF will not get any pledge income. Although traditional funds will strive to get back the pledge right after entering the market, this right does not exist at present. Therefore, it is more cost-effective for investors to buy Ethereum spot. This limits the attractiveness of Ethereum to a certain extent. Most traditional funds will not buy Ethereum spot directly, but put the funds in exchanges or cold wallets. They only trust ETFs.

Therefore, Ethereum also faces challenges. Although it will lead the progress of this bull market, it also faces challenges. Many people are worried that after the S-1 document is passed, the positive news of Ethereum will turn into negative news, and the market will pull back. This possibility exists, but we must bear the volatility risk of this pullback. Even if it pulls back by 20%, what can we do? So, hold on to your Ethereum and SOL.

The next spot ETF: SOL

Now that the Ethereum spot ETF has been approved, what will be the next spot ETF? Everyone generally expects SOL. The entire cryptocurrency market, except for Bitcoin, is full of altcoins. Ethereum is just the king of altcoins and is essentially still an altcoin. Therefore, after the Ethereum spot ETF was approved, other altcoins also saw the dawn of victory, and Ethereum's biggest competitor SOL became the new favorite of the market.

This is why Yumo has been suggesting to invest in SOL internally. The current price of SOL is 160. If it can rise to 500 or even 1000, our rate of return will be very high. Now everyone is hesitant to buy because they are worried about the market correction and SOL plummeting. If it had not been for the early FTX crash, the current price of SOL might have been 500. The market's expectations for its spot ETF, whether it can be passed or not, as long as there is this hype hotspot, it is enough. With a hotspot, funds will flock to the market in the bull market, and the increase in this coin is the most worth looking forward to. At that time, I will let everyone move the stop profit inside Yumo.

Bullish expectations: election and cryptocurrencies

This round of cryptocurrency bull market will surely come before the election. Biden also formed his own meme coin team after seeing Trump's behavior. Trump is going further and further on the road of supporting cryptocurrency. Although it is for votes, for cryptocurrency, the more fiercely they fight, the more beneficial it is for the cryptocurrency bull market. It is expected that there will be more good news in the future, which will directly drive the entire bull market.

Conclusion

Everyone must be aware that this bull market may be unprecedented, driven by factors such as halving, elections, and economic recovery. At least no presidential candidate has publicly expressed support for cryptocurrencies before. Especially Trump, compared to Biden, his support for the cryptocurrency industry seems to have no bottom line. In addition to expressing support for the development of the cryptocurrency industry, he also promised to protect the security of investors' crypto assets and even said that he would commute the sentence of Ross Ulbricht, the founder of Silk Road.

If Trump really takes action, it will undoubtedly challenge the judicial authority. Of course, his words cannot be fully believed now, and it will be a different story after he gets the votes and takes office. However, for now, the more fiercely the two candidates fight, the better it will be for cryptocurrencies.