Bitcoin is actually prepared to harvest China. Bitcoin is used to launder money and transfer funds. For example, if you exchange assets for Bitcoin in China, and then sell them abroad for US dollars, you will successfully evade the supervision of banks and complete the flight and transfer of funds.

The existence of this virtual currency really poses a huge threat to the financial order of our country. Those lawless elements, taking advantage of the anonymity and untraceability of Bitcoin, wantonly carry out illegal operations and leave the interests of the country and the people behind.

Moreover, the price of Bitcoin fluctuates greatly and has no actual value support. Many people blindly follow the trend of investment and end up losing all their money. This not only causes huge economic losses to individuals, but also has a negative impact on social stability.

Our country has been strengthening financial supervision and cracking down on various illegal financial activities. For Bitcoin, which obviously has risks and hidden dangers, we must remain highly vigilant. We cannot let it become a tool for some people to seek personal gain and damage national interests.

At the same time, ordinary people should also keep their eyes open and not be tempted by the so-called high returns. Investment should still go through formal channels and choose projects that are guaranteed, legal and compliant.

Everyone should understand that maintaining the country's financial security is everyone's responsibility. We cannot let these bad financial means succeed, and we must work together to protect our economic environment.

Resolutely resist illegal financial tools such as Bitcoin!

In a bull market, there are 2 types of people who suffer the most losses, the smarter they are, the worse they lose!

Type 1: Newcomers who hear that others are making money and choose to enter the market.

All newcomers initially make money in the cryptocurrency space, thinking it is their own ability, but they do not realize it is just a favorable market condition. Once the market starts to decline, they will suffer huge losses. Newcomers, after tasting the sweetness in the cryptocurrency space, will increase their investments, and in the end, they will be completely wiped out.

Every newcomer has gone through this; they initially mock the seasoned investors for being timid, not knowing that seasoned investors were once young and aggressive like them. They will regret why they didn't enter the cryptocurrency space earlier, working hard in real life, and at the end of each bull market, countless people quit their jobs to trade cryptocurrencies, only to return to the workforce eventually. Not only did they not make money, but they also delayed their careers.

Type 2: People who use high leverage, choosing excessive returns.

As long as the market is good, everyone feels their capital is insufficient. If they only have 100,000 yuan, they fantasize that if they had 1,000,000 yuan, their profits would double. This mentality makes them anxious, feeling that if they do not seize the opportunity, their lives will be like this, and how many times can one take risks in life? They choose to use leverage to make up for their insufficient capital.

Such players, from the moment they increase their leverage, become gamblers. No one has become wealthy by using leverage because they are always greedy; they will never stop once they make a profit. If they have this mindset, they would not increase their leverage, making it a false proposition. In every bull market, the larger the level, the more those who use leverage will suffer. Because leverage amplifies market fluctuations.

The above two types of people cannot take away profits; they only create market volatility and provide wealth to those who profit in exchanges. The former group is newcomers, and their losses are understandable; everyone has to go through these experiences. The latter group is overly arrogant; newcomers do not use leverage; they only keep moving their deposits.

The final outcome is the same; when the market turns bearish, they will suffer huge losses because at that time, their positions are the heaviest, and they bear the greatest risk, ultimately not only returning the profits they made but also suffering significant losses on their capital. #BTC

Cryptocurrency Trivia

Cost Averaging: Don't be misled by appearances; for example, buying 10,000 U at 10 U and then adding another 10,000 U at 5 U results in an average cost of 6.67 U, not 7.5 U. Understanding this is crucial for managing positions.

Compound Interest Effect: With a principal of 100,000 U, earning 1% daily, after 250 trading days in a year, assets can grow to 1,323,200 U. If sustained for two years, assets could reach tens of millions. The challenge lies in maintaining compounding.

Probability and Take Profit/Stop Loss: With a 60% success rate and a 10% take profit/stop loss each time, after 100 trades, the total return could reach 300%. The key is to strictly execute the trading plan and remain calm.

Controlling Greed: Starting with 10,000 U, earning 10% each time, theoretically, one could reach 1 million U in 49 days, break 10 million in 73 days, and exceed 100 million in 97 days. However, in reality, very few achieve this due to greed leading to failure.

Contract Trading and Position Management: The above techniques are especially important in contract trading and position management, requiring flexible application based on actual circumstances.

I provide everyone with a signal for the peak of a bull market. If you see people around you who once lost everything starting to make money, thinking about buying houses and changing cars, frequently treating others to meals and giving out red envelopes, starting to show off and teaching others how to trade cryptocurrencies, and engaging in grand discussions about the state of affairs, then remember, the market is likely coming to an end. This is a bit of life experience from Qiu Ge over the years. ​#btc

Leek mentality: When my coin rises by 10%, but my friend's coin rises by 20%, I feel very upset 😣... When the coin types drop, and my coin drops by 3%, while my friend's coin drops by 10%, I feel quite reassured or even happy 😀... This is mostly the case! ​#BTC

Characteristics of the Bull Market Altcoin Season:

Phase 1

The coins that are rising are those you do not hold, and even those you have never bought before.

Phase 2

The coins that are rising are those you once held, but you could not hold on.

Phase 3

When you finally can’t help it and decide to switch holdings to chase other coins, the original strong coins start to pull back after you chase them high, trapping you. And worse, the coins you switched to start to rise significantly after you sell them.
This scenario of "chasing highs and selling lows" often occurs during the bull market altcoin season, reminding everyone to maintain patience and calmness, and to avoid being swayed by market emotions.
#btc

As of today, no actions have been taken
Sometimes it’s like this, being overly sensitive can cause you to miss significant market movements, being overly rigid can lead to a roller coaster ride; the key is to see which risk you are willing to bear, finding that balance in the middle is the hardest

Looking at the trend, it’s still very stable, large investors are still buying, why worry about your small holdings? This kind of trend should be approached with caution to avoid being shaken out; Brother Qiu will continue to hold patiently, currently Brother Qiu is still holding 90% of his position, being a mindless long in the cryptocurrency market is the way to achieve significant results. #BTC

Long term = 3 hours
Diamond hand = 10 minutes
Hold on = immediately
Take off = up 1%
Pullback = down 99%
Busy = trapped
Bottom confirmed = will fall further
Untrapped = trapped in another position
Sideways = no one takes over
Locking in profits = cutting losses
Holding coins and watching = fully trapped
Stabilizing = already lost a lot
Timing of entry = time to take over
Take your time = already lost a lot
Potential = trapped
Take a break = lost all
Tomorrow will be better = tomorrow will continue to fall

#btc

The iron law of the cryptocurrency world, keep it in mind, and wealth will naturally come!

First, for those cryptocurrencies with complex situations that are unclear, do not easily get involved. Trading cryptocurrencies is like picking persimmons; the soft ones are easier to squeeze. Only by choosing clear cryptocurrencies can you advance steadily.

Second, do not invest all your funds into the same cryptocurrency at once, even if you are very confident in it. The market changes rapidly, and the future is hard to predict. Buying in batches can reduce risk and ensure steady profits.

Third, for cryptocurrencies that are not in an upward trajectory, it is advisable to pay less attention. Do not accompany the main players to build positions; retail investors have limited time and energy and should focus on valuable investments.

Fourth, do not fantasize about making big money through frequent short-term trading. Frequent entry and exit will only lead to heavy losses, while exchanges will happily accept the profits. Also, do not purchase too many cryptocurrencies; it is best to keep it within 10, otherwise you will struggle to manage. Remember, too much greed leads to failure; focus is the key to success.

Fifth, low prices and significant declines are not reasons to buy. Cryptocurrency prices may continue to fall, so it's crucial to stay calm and not be deceived by low prices.

Sixth, high prices and significant increases are also not reasons to refuse to buy or sell. The market is always full of variables, and cryptocurrency prices may continue to rise.

How to do well in short-term trading

1: Select about 3 cryptocurrencies to hold, which must be from recently popular sectors and themes, and there must be at least one significant rise in the last 10 days.

2: The position size for a single cryptocurrency should not exceed 50%. There are two ways to increase the position: if very certain, build the position at once; if somewhat certain, build the position in two batches. Do not fear missing out or pullbacks. Be aggressive when entering and protective when exiting, managing your position with a mindset rather than emotions.

3: Take profit is generally done through trailing stop-loss. Reduce 20% of the position at 10 points, reduce 30% at 15 points, and then reduce 20% for every subsequent 5 points, and so on. Do not be greedy or timid; do not seek to make the most, but rather aim to preserve more profits.

4: If trading high-volatility coins, it is essential to focus on intraday lines and volume. After a massive price increase, if there is high trading volume and turnover rate, ensure proper stop-loss, enter directly, control risks, and seize maximum opportunities. #BTC

Accompanying everyone through this bull market, I also have an idea, which is to leave Twitter, leave the cryptocurrency circle. One reason is that I am getting older, and the second reason is that in the next few years, the crypto space is too damaging to both body and mind. As the market expands further, the core issues have not been resolved at all. I do not believe that this distortion can continue permanently. The crypto space may eventually return to the normal trajectory of the economic barometer, but the larger the scale, the greater the cost. From the last bear market, it can be seen that Brother Qiu's technical analysis ability is no longer suitable for surviving in such a distorted bear market. Therefore, after completing this wave of bull market, I will also leave the crypto space, leave the market, and leave all methods related to the crypto space. #BTC

Ordinary leeks, if you are not a professional short-term trader, don't always watch the market. If you don't watch the market, you won't be scared by the shock! Everything the main force does is for the people who watch the market, so it is not necessarily a good thing to watch the market for a long time, unless you have a keen eye to see through the main force. Otherwise, all kinds of traps, all kinds of deceptions, and all kinds of intimidation will be used by the main force. ​#BTC

Is there a reason why China does not recognize Bitcoin?
Firstly, Bitcoin is a virtual currency, and the value of virtual currencies can vary greatly, which is very different from the value of physical assets.
Secondly, Bitcoin is the result of Western capital speculation; when speculation is profitable, it thrives, but when it becomes worthless, it will be ruthlessly discarded.
Furthermore, Bitcoin contradicts the values advocated by China; China's currency is linked to gold and a basket of world currencies, while Bitcoin does not have this functionality.
Ultimately, Bitcoin will become a crop that is harvested, and ordinary people should avoid it; those who want to get rich overnight and change their family fortunes are rushing towards failure. #BTC

In fact, for me, there are three main issues to consider when buying and selling.

First: Position. This is the most critical.

Second: Value/Price.

Third: Technology.

Other things will also be considered, but they will be integrated into these points. For example, monetary policy, geopolitical risks, etc. will be integrated into position management. ​#BTC

Don't just see the thief eating meat, but also see the thief being beaten.
Many people who avoided this wave of decline also avoided the previous surge, but in fact they have never made money.

The bull market is consolidation, consolidation, and consolidation. Everyone is used to buying high and selling low, and they are complacent.
Suddenly there was a wave of pull-ups, and they missed the opportunity.

Let me tell you a true story. A friend of mine in real life bought a bull market variety before. At the beginning of the year, it fell from more than 70,000 to more than 40,000. He kept showing off his grid trading, saying that he made some change by buying high and buying low.
As a result, it suddenly exploded and rose to more than 90,000 recently, and he couldn't make this money at all.

Choose any style, and make money in this style.

Choose to sell high and buy low, and make money from selling high and buying low. The bull market has nothing to do with you.

If you choose to make money from the trend, set a stop loss, don't operate frequently, and wait patiently for your share of the big meat. #btc

The obsession with rising and falling is the heart demon that causes you to lose money.
1: The obsession with rising when fully invested
When fully invested, you cannot stand to see a decline, and the fear of falling will make you sell at the lowest point.
2: The obsession with falling when not invested
When not invested, you cannot stand to see a rise, and the greed for rising will make you buy at the highest point.
So don't be too obsessed with rising and falling.
If you can adjust to being calm when seeing a rebound while not invested, and calm when seeing a decline while fully invested,
that would be sufficient, patiently waiting for the meat to fall into your bowl.
To be honest, I still can't achieve this kind of calm in my practice; at this stage, I rely on self-discipline to force myself, because I already know what the right thing to do is, so I force myself to act. Daoism teaches to go with the flow, but my kind of forcing cannot last long, so I still need to continue adjusting. Trading is a lonely practice.

Back to the early market, Bitcoin remains strong, ETH is relatively weak with a heavy body; buy the mainstream on dips, reserving 20% of the position to chase hotspots, buy gold dogs. My aggressive entry standard is to see a stable range on the 30-minute chart to trade back and forth. Once the altcoin season for ETH arrives, I must hold onto the valuable coins in my portfolio until the end. #BTC

To become a qualified leek, you must keep in mind the following points
Heavy positions will lead to death
Adding floating profits will lead to death
1. Blindly following the trend will lead to death
2. Not knowing how to stop loss will lead to death
3. Frequent trading will lead to death
4. Borrowing money to speculate in coins will lead to death
5. Emotional operations will lead to death
6. Ignoring fundamentals will lead to death
7. Pursuing short-term interests will lead to death
8. Not setting up an investment plan will lead to death
9. Not continuing to learn will lead to death
10. Not respecting the market will lead to death
Summary: To become a qualified leek, you must stick to principles and invest rationally to move forward steadily in the wave of the coin circle.
#BTC

Strangle the main force by the throat
When investing, don't let the main force pull up. Every time it pulls up, you must return some of the chips to him at a higher price, so that he will pay the price for his suppression.
Never forget:
The suppression and the pull-up are done by the same group of people!
What you need to do in investment is to use the main force's spear to attack his own shield. Let him pay for his misleading.
Of course, we have to study hard and develop the ability to catch the flaws of the dealer; we must also be fully prepared and allow everything to happen. #BTC

There are three things to understand when investing:

First, 95% of people who invest in the cryptocurrency circle cannot get an annual return of 100 points. But most people think they can easily exceed 200%;

Second, the coin you invest in has a chance to double once a year. If you are lucky, it will double in the first month. If you are unlucky, it will be in the second year, so you need to invest in spare money for a long time;

Third, suppose you make the right judgment on the coin you invest in 6 out of 10 times; 2 times exceed expectations, and 2 times fall short of expectations. Then, if you go all in and encounter a fall short of expectations, especially a fall far short of expectations, you may hate this market once or twice. #BTC

Have a nice weekend

Last year, many people said "cash is king", but this year, with the wave after wave of money being released, few people say this.

There are risks in using money to buy coins, houses, stocks, and gold. Keep the money, the interest rate is low, but you are worried about depreciation. Start a business or make other investments, but you are afraid of losses.

Ordinary people really can't do anything... The only way to resist risks is to have more "normal children". Twenty years later, no matter whether your children are promising or not, you will be a "relative winner". #BTC