What is the current situation of people in the cryptocurrency circle?
The current situation is: 1% of people are defrauding 99% of people of their money.
1% of people are enjoying luxury cars and beautiful women, while 99% of people are screwing screws in factories until they are smoking.
According to the class and capital flow of the cryptocurrency circle, it can be roughly divided into: retail investors--KOL/order takers--bankers--project parties--exchanges
Retail investors: Most retail investors have their dreams of getting rich quickly shattered, and are busy running takeout to pay off debts.
KOl/order takers: Without retail investors, it is not easy to cheat money, and those who transform will transform, and those who quit will quit.
Bankers: It is not easy to cut leeks in a bear market, and there are more people lying flat.
Project parties: What stories are they plotting for the next bull market to tell, and they are fooling people.
Exchanges: As cryptocurrency exchanges, they make a fortune every day.
The above is roughly the current situation of people in the cryptocurrency circle.
Some people ask, why are retail investors always the ones who get hurt?
It's normal, which industry is not taken over by retail investors?
Due to the lack of knowledge about the cryptocurrency industry, or what they see is a cryptocurrency industry with distorted knowledge, they can't even see the way, how can they make money?
Some people say that the cryptocurrency industry is a casino, but I don't think so at all. The cryptocurrency industry is more like a pig-killing scheme in northern Myanmar. Casinos may still make money, but don't even think about leaving a penny in a pig-killing scheme.
It's linked together, making you believe it, and eventually losing all your money.
As a senior cryptocurrency investor, I'd like to share my experience and insights. Are you interested in the cryptocurrency industry but don't know where to start? Follow me and see my homepage, and I'll help you achieve freedom in this bull market. #ETH市场新动向 #BTC创历史最大月度涨幅 $BTC $XRP
Many become wealthy quickly in the cryptocurrency market, but few have a good ending.
For the great ups and downs of the cryptocurrency market, the ones who feel it the most are those retail investors who used to trade full-time, and Zhang Zhang (a pseudonym) is one of them.
Time returned to May 19, the day of the cryptocurrency crash; he stayed awake all night, stating that as soon as he closed his eyes, memories of two years of day-and-night trading flashed through his mind.
When recalling that experience, Zhang Zhang described it as:
"It felt like two lost years."
Zhang Zhang first encountered the cryptocurrency market in 2017, shortly after graduating from university, and registered on the platform recommended by his friend, investment mogul Xu Xiaoping.
"When I first entered the market, I encountered a day where prices surged by 80%," Zhang Zhang still clearly remembers the details of his first trade, "I made several thousand from an initial capital of over ten thousand, but I didn't withdraw, and ultimately lost it all, leaving only 3,000 in capital before exiting."
Bitcoin has become a blatant strategy in the game of great powers, an open card.
I never expected that the most active asset in the recent capital market would actually be Bitcoin.
Today's price reached a historic high, breaking through 99,000 at its peak.
Bitcoin's sudden surge is definitely not a coincidence, because everyone knows Bitcoin has no value, everyone knows there are issues, but no one has a solution. A price of 100,000, that’s not the most exaggerated part.
The key point is that Bitcoin has become a blatant strategy in the game of great powers, an open card.
Recalling how I earned my first million and ten million in life, which could be considered luck and relied on cryptocurrency, probably when I was 19-20 years old.
First of all, I bought Dogecoin around 2016 for 0.01 yuan, and Yuanbao Net (slowly faded away after September 4, 2017).
The bull market at the end of 2017 allowed my wealth to grow by hundreds of thousands to millions daily; during that time, I would repeatedly check my account in bed every night, feeling so excited that I couldn't sleep, until my wealth naturally grew to the point of numbness.
At that time, when I had money, the first thing didn't seem to be young models or buying sports cars, but rather going to buy meals at the school gate every day, and buying a bag of cut fruits on the side, adding fruit to every meal (around 10 yuan).
Don't be greedy in the currency circle, remember these principles!
1. Covering a position is to reduce losses, not to seek huge profits. Don't expect a rebound when you are trapped, just think about reducing losses.
2. A calm market may be a precursor to a big fluctuation. Don't be confused by the quietness in front of you, and be ready to respond to changes at any time.
3. There must be a callback after a big rise. Be vigilant about the triangle pattern and don't chase high.
4. Buy the Yin line and sell the Yang line. Enter the market when the market is panic and leave the market when it is crazy. This is the operation of masters.
5. Don't sell when it's not high, don't buy when it's not diving, and don't act easily when it's sideways.
6. Look at the pressure level for the rise and the support level for the fall, and be aware of it.
7. Full warehouse is a taboo. The currency market changes rapidly. Maintain flexibility and proper position management.
8. The mentality of currency speculation is the most important. Greed and fear are the enemies. Only by keeping calm can you be at ease in the market.
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When America was playing with gold, a certain country was still eating shit. Later, relying on gold, America held onto a certain country's neck tightly. Eventually, that country, by exploiting its people, desperately worked on gold and finally won. As a result, America invented Bitcoin and stopped playing with gold. You can sleep with your gold. When America invented Bitcoin, that country desperately prohibited and suppressed it, saying that Bitcoin was a Ponzi scheme. Now that America has started playing with Bitcoin, I wonder if that country will awaken this time??
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Why do most retail investors end up with nothing after a bull market?
1: They don't love learning, don't think about improving their understanding, and only think about copying and plagiarizing.
2: The strategies they copy are never thought through for the underlying logic; they don't consider whether it's suitable for themselves, they just go all in.
3: They treat this market as a speculative market, a gambling market, thinking only about what dreams they can achieve if this trade is profitable, while ignoring risk control.
4: They never consider building a trading system that suits them; every day is just about transporting strategies from the internet, copying Zhang San's today, and if they hit a stop loss, they copy Li Si's tomorrow, and so on.
5: They set their goals too high, as if they would feel ashamed to call themselves part of the community unless they find a hundredfold coin, and they can't tolerate account drawdowns; as soon as there is a drawdown, they start complaining about the world.
6: Those who don't understand when to stop, who don't know when to leave the gambling table, ultimately suffer a disastrous defeat; trading follows the same reasoning. Those who don't understand how to adapt to cycles inevitably win in the process but lose in the result.
Can you seize the opportunity in this bull market? Are you ready?
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Today I propose three very important axioms; everyone is welcome to critique them:
1. Your position is your cognition.
2. Cognition is only divided into right and wrong, not high or low; everyone’s choice is the embodiment of their cognition.
3. Cognition and position may not match at the moment, but they will eventually balance.
This is somewhat like the cosmic sociology of logic; it’s very abstract and lacks data, but over the years I’ve summarized this principle, and everyone is welcome to discuss and debate.
Here’s a supplement: the cognition mentioned in the first point does not refer to your understanding of the world but rather your understanding of cryptocurrency; I won’t elaborate further, and you can interpret it yourself.
The more a market rises, the more you should prepare for a potential downturn. There are no straight-up or straight-down candlesticks. Don't fear the ups and downs; instead, use them to your advantage.
In a rising market, buy significantly on big drops and slightly on small drops as part of trend trading.
During the uptrend, it's not that you can't chase, but rather that you should set good stop losses and manage your risk-reward ratio properly.
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If you are in the cryptocurrency circle, remember these few words It will directly enlighten you! 1. Buy with patience, sell with determination, and hold on with confidence. 2. Buy when the price rises and falls slightly; sell when the price falls and rises slightly. 3. Buy in batches, and you will not lose money; buy all at once, and you will lose more money. 4. If you hold the support level for a long time, you will lose it; if you attack the resistance level for a long time, you will break it. 5. Both shorts and longs can make money, but only the greedy ones will not. 6. Eat until you are 80% full, and make 80% profit from buying and selling
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The liquidation chart shows that there are over 100 million long positions ready to be liquidated around 9720000, and 100 million short positions ready to be liquidated around 99200, making the long and short liquidations evenly matched.
So, what will the market do next? I will blindly test first up and then down, clearing the 99200 short positions first, and then going down to clear the 97200 long positions.
Bitcoin surged to 98430 last night completing a retest of 95630, and then the price surged to 99100. Currently, it is in a range pattern with an upward trend, still having the potential to break above the range. The next target is 100500, with short-term support at 96500.
The market still has a wave of offensive phase, and the entire pattern must effectively break below 91500 to be considered finished. Remember not to touch the top; if it breaks key support, just observe. As long as it is within the pattern, continue to defend and go long. Foreigners are playing with national systems, and traditional institutions with large funds are all involved. At this time, everyone blindly guesses it is a bubble; can bubbles show us? If it can be imagined, it is not a bubble, but still, be cautious in going long, maintain good defense, and enjoy the bubble.
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Yesterday, Ethereum Rafi led most altcoins to recover their losses, but the overall trend is still weak. 1. The meme sector performed strongly, DOGE and PEPE began to exert their strength, and MASK ushered in short-term opportunities. 2. Old mainstream coins such as XRP set a new high, with an increase of 25%, indicating that the second exploration market has started. 3. ENA's accumulation range is 0.5-0.47, but it rebounded to 0.6 without giving a chance, and continued to hold chips near 0.5. 4. FIL continues to hold, and it is expected to break through 5 magnesium in the near future. 5. The rise of XRP and ADA will lead to a short-term rebound in other currencies, which is suitable for layout.
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Most people do not understand the principle of 'profits and losses come from the same source'.
Those who can escape the peak will definitely sell too early, while those who can hold on will eventually be cut and end up delivering takeout.
There is no such person who: Has a very strong risk awareness, can escape the peak every time, and immediately cuts losses when the wind changes (always a nice fold); Has a big vision, can hold onto those legendary coins from history, and sells only after holding them for hundreds of times (never gets bluffed).
Everyone wants to control everything they come into contact with, but in the end, they often find out that they cannot control anything.
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In the market, those in the cars are anxiously watching the technical indicators rise and want to reduce their positions; Those not in the cars hope for a pullback; Those who are short can't sleep every day, and those fully invested can't sleep either; Those fully invested in altcoins hope for Bitcoin to drop so that funds flow into altcoins and rise a bit, but when Bitcoin drops, altcoins will show you how dead they can be; This is the core reason why the market has no sound; Recently, this market trend cannot be analyzed using technical analysis, with crazed profit-taking inside the market and crazed buying outside, one wanting to trade and one wanting to get in; trading inside the market is small money, while getting in outside is big money; A distorted bull market is also a reflection of a mature market;
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Cryptocurrency: Three Coins That May Surge After Trump-Musk Takes Office
The hypothetical collaboration between Trump and Musk, along with their potential pro-cryptocurrency policies, has injected optimism into the market, particularly for top digital assets like Dogecoin (DOGE), Bitcoin (BTC), and XRP. Below is an analysis of the relevant dynamics and potential impacts:
Musk and Dogecoin:
Musk has long supported Dogecoin, and his potential responsibilities may include bringing more utility and commercial applications to DOGE. If the Trump administration promotes DOGE as a means of payment or smart contract tool, its price may receive long-term support.
Market Outlook for Three Major Cryptocurrencies 1. Dogecoin (DOGE)
Current Situation: The community strength and meme culture of DOGE have always been its core driving force. With Musk's support, DOGE has been widely used for payments and small transactions. Future Potential:
If Musk promotes broader application scenarios, DOGE is expected to welcome a new bull market. Price Prediction: By February 2025, the price of DOGE could reach $0.78 or even higher.
2. Bitcoin (BTC)
Current Situation: As the market leader, Bitcoin is seen as digital gold. Any national reserves or policy support will further consolidate its position. Future Potential:
If Trump establishes an official Bitcoin reserve, this will significantly enhance the demand for BTC. Price Prediction: By February 2025, Bitcoin may break through $123,000 and continue to advance to higher levels.
3. XRP
Current Situation: With the progression of the lawsuit against the SEC, XRP's price has been greatly affected. If regulatory pressure decreases, its potential may be unleashed. Future Potential:
If the regulatory environment for XRP improves and practical applications like cross-border payments further develop, its market position will strengthen. Price Prediction: By February 2025, the price of XRP could reach $1.74, with further increases to $2 by April.
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For grassroots, meme represents an opportunity, but one must stay clear-headed. Here are a few suggestions for yourself and others:
1. Play with leading memes, like zerebro, doge, pnut, pepe, etc. 2. Embrace community-driven memes, such as koma, moodengeth, scihub, etc.; 3. If you must choose memes from coin issuing groups, hold ai16z; 4. For other PVP projects, don't be short-sighted; once you make a profit, learn to take profits; 5. Properly allocate assets, with at least most of your funds going into mainstream coins like BTC, SOL, SUI, etc.; 6. Enhance your understanding, continue learning, and summarize!
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Poor people exchange time for money, rich people exchange money for time. Free things are the most expensive because you need to spend a lot of time filtering and selecting information. When you lack experience, most people do not have the knowledge or ability to sift through effective information, and they also waste a lot of time. Intermediaries in various industries have thus emerged.
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The water temperature has finally returned to normal:
Future new hopes: BTC, SOL, Doge (keep chasing dreams)
Open and aboveboard schemes: Pnut
Underhanded little schemes: ACT, RIF, Cheems
Saying goodbye to the old and welcoming the new: Bonk, GOAT
Strong hands control everything: XRP, ADA
Efforts yielding little effect: ENA, APT, Sui, STX, IO
Looks vibrant, but actually has cooled off: ETH, TIA, SCR
Overall sentiment is low, perhaps it's time to consider averaging down.
Click on the avatar to see the homepage and follow me, a free communication community, sharing various potential coins daily, helping you ambush various hundredfold coins, allowing you to earn a fortune in this bull market before exiting.
BTC continues to refresh its historical records, with bulls showing extremely strong upward momentum. It is still consolidating at high levels in the evening, making it very difficult for a deep pullback to occur. It is expected to break through new highs again, with the 100,000 mark just one step away!
ETH has finally caught up with BTC's pace and started to rebound, maintaining a bullish outlook, with a target of 3500 - 3700!
In the evening, go long when BTC retraces to 96000 - 95500, with a target of 99000 - 100000!
Go long when ETH retraces to 3250 - 3220, with a target of 3500 - 3600!
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Or is it just to lure more retail investors to join in
So that the big players can harvest more?
Evening thoughts:
Looking back at the past two days, Bitcoin and Ethereum have been one primarily exploding short positions and the other primarily exploding long positions.
However, today Bitcoin had a significant surge while Ethereum barely moved. By evening, Ethereum had a massive surge again, wiping out all shorts.
So is it the big players washing out positions to offload or is the bull market really here? Since we can't counter it, we might as well join in.
In terms of strategy, we will focus on going long on retracements and shorting at high points! Bitcoin strategy: Go long near 96500/96800, targeting 98200/98800, if broken, look directly at 100000. Ethereum strategy: Go long near 3330/3345, targeting 3390/3420, if broken, target 3500.
As a seasoned cryptocurrency investor, I’m happy to share my experiences and insights. Interested in the crypto space but don’t know where to start? Follow me and check my profile; I’ll guide you to achieve freedom in this bull market. #比特币突破10万? #XRP与SEC新局面 $ETH $SOL