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币姥爷
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December 28, 2024
According to on-chain data, the renowned ETH/BTC long trader James Fickel has ended his long position. His last trade involved selling 6,429 ETH for 227 BTC, marking the conclusion of this year's long trading operations, with a total loss of $6.884 million. This year has been a tough one for ETH holders; while the absolute price of ETH isn't bad, there is a longstanding tradition in the crypto world that when one asset falls, others tend to follow, and the exchange rate trends of ETH against several strong coins have indeed been disheartening.
Generally speaking, we should adhere to the principle of the strong getting stronger. Therefore, from the perspective of building positions, coins like BTC and BNB are undoubtedly the top choices for bottom fishing, while ETH's allocation is viewed from a long-term value perspective, as ecosystem explosions do not happen overnight. However, once the funds start flowing in, it becomes unstoppable. It is worth noting that currently, only Bitcoin and Ethereum have approved ETFs; previously, even SOL’s ETF application was rejected.
In recent days, BGB has surged dramatically, which everyone has likely noticed. Naturally, this reflects Bitget's effective operations. But have you ever thought about what has contributed to BGB's success? The underlying trading business model is one of the few viable commercial models in the crypto space; if executed well, it can lead to success. Currently, there aren’t many models with clear profitability, with DeFi being one of them. One reason I hesitate to invest long-term in meme coins, NFTs, and old altcoins is that I don’t see long-term developmental value in them.
Of course, speculation is an unavoidable part of the crypto space and is likely to attract more attention. Coins that can multiply several times or even dozens of times in value theoretically violate business logic; they resemble a kind of frenzied gamble that can significantly trigger investors' nerves. However, I firmly believe that to achieve consistent success in this market, one must primarily rely on cautious investing.
That's all for today. For more content, feel free to reach out at 币安聊天群.
According to on-chain data, the renowned ETH/BTC long trader James Fickel has ended his long position. His last trade involved selling 6,429 ETH for 227 BTC, marking the conclusion of this year's long trading operations, with a total loss of $6.884 million. This year has been a tough one for ETH holders; while the absolute price of ETH isn't bad, there is a longstanding tradition in the crypto world that when one asset falls, others tend to follow, and the exchange rate trends of ETH against several strong coins have indeed been disheartening.
Generally speaking, we should adhere to the principle of the strong getting stronger. Therefore, from the perspective of building positions, coins like BTC and BNB are undoubtedly the top choices for bottom fishing, while ETH's allocation is viewed from a long-term value perspective, as ecosystem explosions do not happen overnight. However, once the funds start flowing in, it becomes unstoppable. It is worth noting that currently, only Bitcoin and Ethereum have approved ETFs; previously, even SOL’s ETF application was rejected.
In recent days, BGB has surged dramatically, which everyone has likely noticed. Naturally, this reflects Bitget's effective operations. But have you ever thought about what has contributed to BGB's success? The underlying trading business model is one of the few viable commercial models in the crypto space; if executed well, it can lead to success. Currently, there aren’t many models with clear profitability, with DeFi being one of them. One reason I hesitate to invest long-term in meme coins, NFTs, and old altcoins is that I don’t see long-term developmental value in them.
Of course, speculation is an unavoidable part of the crypto space and is likely to attract more attention. Coins that can multiply several times or even dozens of times in value theoretically violate business logic; they resemble a kind of frenzied gamble that can significantly trigger investors' nerves. However, I firmly believe that to achieve consistent success in this market, one must primarily rely on cautious investing.
That's all for today. For more content, feel free to reach out at 币安聊天群.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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