Let me start with the conclusion: My answer is “not yet”
Although the current market looks very promising, it is not a bull market. I would rather believe that the increase this time is intentional by the market makers. The routine is to first push up the market to induce the leeks to get on board, and then to make a sharp drop when everyone is the craziest. This can not only harvest the leeks, but also clean out the leeks who are still on the train, and prepare for the real bull market later.
It is impossible for the banker to get rich with the investors. If everyone has a position, the car will be too heavy for the banker to pull it, so the banker has to try every means to get everyone off the car.
So this round of market is not a bull market.
If you have positions, keep them and wait and see, but you must not fully position, otherwise you will not even have room for adjustment. Once a crash comes, your mentality will explode.
There is no need to panic if you don’t have a position. You can slowly build a position during the correction process, especially during a crash, you should build a position boldly. Still, you should not chase the rise and sell the fall, but build a position little by little.
What is the most important thing when investing in the cryptocurrency circle? It is to use an investment method to make yourself invincible. You can make money when the price soars, and you can also withstand the sharp drop, and you can also buy at the bottom. This is the art of investment, and reasonable position control is the key. But in the cryptocurrency circle, many people can't do it, and it should be said that most people find it difficult to do it. For example, the market has been rising these days, and you let Xiaobai only take 50% of the position, which is really worse than SA, because if he takes the full position, his income will double directly.
The risk of doing this is that you can only accept the market going up. Once it goes down, you will instantly fall into the eighteenth level of hell. This is the greedy nature of human beings. I hope that you who read this article can restrain your greed and always put risk first. Because the bear market cycle in the cryptocurrency circle is much longer than the bull market cycle. The bull market often lasts only a few months to a year, while the bear market starts from three years.
Most of the time, we are facing a falling market. So whether it is a bull market or a bear market, it is important to have a circle where you can communicate without any barriers. The most important thing is to get the first-hand information and avoid pitfalls.
The rise and fall all depends on BlackRock's mood
Last night's CPI data recorded 3.2%, the expected value was 3.3%, and the previous value was 3.7%. This data can be said to be very good. According to this data, the market generally expects that the Fed will not raise interest rates in December, and they all expect that the interest rate hike cycle has ended: But don't be too optimistic too early, and don't completely believe that the Fed's interest rate hike is over. This time, it may be a double act by the Americans: The US CPI inflation data is most affected by medical supplies. Simply put, this indicator can be artificially controlled and adjusted by the governing authorities. According to the methods of the United States to harvest the world in the past, the current signal of the end of the interest rate hike is a smokescreen, and there should be 1~2 more interest rate hikes in the future.
Although the data performance is good, the market performance is very flat. The highest points of Bitcoin and Ethereum throughout the day are both below the daily long-short dividing line, indicating that the main force has already seen through this market. In the evening, BlackRock broke the news: Due to concerns about stablecoins USDT and USDC, Bitcoin spot ETFs have potential risks. In the previous stage, it was still releasing positive signals for spot ETFs, but now it has released negative signals. It changes its face faster than turning a book. What is its real purpose? Now the rise and fall of the market depends entirely on BlackRock's face.
The current cryptocurrency market is basically operated by large institutions, and retail investors are no longer the mainstream. Large institutions are basically operated in the Western capital market. Therefore, if you want to make money in this circle, you must put your mindset on Westerners and look at the problem from their perspective.
It doesn’t matter whether it is a bull market or not. What matters is whether you can make money. Too many people lose money and get liquidated in the bull market. Don’t think that you can make money when the bull market comes. That’s too naive.
In a bull market, most altcoins will indeed have a wave of rise, especially after Bitcoin pulls up first and attracts funds to flow into the market. This phenomenon is very common, mainly because the crypto market has a "rotation effect". Bitcoin usually takes the lead in a bull market, and will attract a lot of funds in the early stage of the rise. As it enters a period of volatility or high-level consolidation, funds begin to flow to Ethereum, and then gradually flow to altcoins with smaller market capitalizations, and even some unpopular ones.
But not all altcoins can surge. Although the growth rate of altcoins with small market capitalization and low liquidity may be large, the risk is also very high.
If some projects have no real value and are driven by hype, their rise is often unsustainable. Once the market sentiment turns cold, these projects will fall very badly. In fact, most of the bubbles in the bull market come from such projects, which rise quickly and fall even faster.
Another key point is the impact of hot topics, such as DeFi, NFT, Metaverse, AI and other fields. If a certain field becomes a hot topic, the related altcoins will usually have a round of explosion. At this time, investors usually need to have a certain industry sensitivity and be able to capture hot topics in time. However, hot topics are often hyped to the extreme, and it is very risky to enter the market late.
You have to know that the circle is full of speculation, and the copycat stocks have sudden rises and falls with no regular pattern. So as ordinary people, if we want to make money in this market, we must be focused, have our own perfect trading system, and have indispensable luck. These three are indispensable, so that we can make continuous profits.
Many traders can actually make money for a period of time, but after a big loss or stop loss, the trading rhythm changes, the trading starts to get too much, the operation starts to get out of shape, and finally they continue to lose money or get liquidated, and start to lose confidence in the market. Really, it is not easy to make money continuously in any industry, you have to be one of the 5% of the minority. And the focus, trading system, and luck I mentioned are necessary conditions for you to become one of the few successful traders.
Trading is often anti-human. Full-time trading requires overcoming more pain, misunderstanding, and loneliness. Also, don't deny yourself. Slowly find your own trading rhythm. Don't be whimsical when things go well, and don't belittle yourself when things go badly. Remember that the past cannot be reversed, but the future can be changed.
This is a market that eats people and creates myths. It is a paradise for speculators and a hell for gamblers. The 7*24-hour trading time makes people addicted, and the 100-fold leverage makes people crazy. I have experienced a 15-fold increase in one night, and I have also experienced a loss of 40,000 U. Looking back, it is hard to describe the bitterness and tears. I will only talk about my own experience, hoping that you can understand cryptocurrency trading from another perspective. Let's encourage each other.
It took me nearly two years to really make my first pot of gold in the cryptocurrency circle. I came into contact with Erquan contract trading in 2018. I was fearless at the time. I lost more than 800,000 in half a year with my own strength. I was still working at that time. Although most of it was my own savings, I didn’t dare to let my family know because they didn’t understand and support me from the beginning. I think the most uncomfortable thing is not how much money I lost, but the feeling of loss. The negative emotions under long-term pressure make me depressed.
I continued to make profits and losses for more than a year, but I became more and more familiar with the trend of Ether, and slowly formed my own trading sense and trading rhythm. Maybe it was good luck. In the 20-year bull market, with the skyrocketing of Ether, my own The trading system has also become increasingly mature, intraday swing trading points have become more precise, and emotional control has also been significantly improved. This year, in addition to making back the previous losses, I also earned an additional 800,000 yuan. Until now, my trading strategy has been to trade with 30,000 U, withdraw the currency when it doubles, and continue depositing and trading after taking a break to adjust. This is also a way of capital risk control. In terms of operation, we only trade within the day, never overnight, never resist orders, avoid encountering extremely large market prices, and go directly to the top.
Investment insights
When trading stocks, you need to consciously adjust your mindset, and don't let your mood fluctuate with the market. The important thing about stock trading is not to be arrogant when you win, nor to be discouraged when you lose. Only by keeping a calm mind and being as calm as water can you remain rational and objective:
Trading is an absolute test of self-control. At the beginning, you may feel cold and uncomfortable, as if you are living alone in a fortress.
It all pays off when you gain the upper hand and experience what it’s like to be on top.
Market veterans don't act rashly, and savvy speculators will carefully choose to seize favorable odds before taking action, but once they have found a way to make money, they will not let go.
Don't impose your personal emotions on the market, and don't expect the market to flatter you. The market is neither hostile nor friendly, it just exists, that's all.
You have the freedom to choose to participate or withdraw. Trading is the ultimate freedom. The market provides you with opportunities, and you should open your mind to experience the special language of the market;
The market has only one language, that is the language of price, volume and market rhythm.
