Caution $XRP Investment, Keep Your Eyes Wide Open!
Brothers and sisters, if you want to invest in XRP, you better weigh your own capabilities first!
I've heard that XRP is quite impressive in cross-border payments, and has a great reputation. But we need to be rational; investing comes with risks!
Why do I say this? Firstly, most of XRP is still in the hands of Ripple Labs and some big players. It's like a river where there are too many big fish; the water gets murky. If they make a slight move, the price of XRP can be like a roller coaster, soaring one moment and plummeting the next. Those with weak hearts should be careful!
Let's also talk about the centralization issue. XRP is not like those free-spirited cryptocurrencies; its supply is managed by someone, and Ripple has quite a bit of control. Although they claim to manage inflation, what if one day they get a whim and release more XRP? The market would be in chaos. Here’s the key point:
XRP indeed has potential, but we can't throw all our money in blindly; we need to leave some room. Investment should be diversified to spread out the risk and earn steadily. Don't let the hype mislead you; you need to be aware and weigh the risks against the returns.
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Short-term Essentials: Fast, Accurate, Ruthless, Independent. If you stray from these four words, you are not suited for short-term trading, or you will never be good at it. Independent: It means the cryptocurrency you are most familiar with.
The entry points for rough short-term trading require extreme precision. Once you miss the ideal entry price, you must give up; maintain the discipline of preferring to miss out rather than making a wrong move.
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To what extent can the dealer see through retail investors? There is an elder who entered the cryptocurrency market with 100,000 yuan, and now his assets have reached 10 million yuan. He once said something that benefited me greatly. He said: "The cryptocurrency market is like a group of rabble; as long as you control your emotions well, this market can become an ATM!"
During the Lehman crisis, the idea of 'cash is king' became popular. Everyone was very smart, waiting for a lower entry opportunity, but it is much more difficult to decide to clear out than to re-invest heavily. In the lowest point of the market, pessimism is at its peak, and many people are unwilling to enter the market. Only after the market rises, and the moving averages show a bullish arrangement, do they have the courage to buy in. Investors originally hoped to "buy low and sell high," but the result often turns into "chasing highs and cutting losses." #美国CPI数据即将公布
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After playing contracts for so long, does anyone have any insights about them?
Every newcomer is full of confidence before playing contracts. They all think they are the chosen one, very determined, and will definitely not be greedy, and will surely be able to control themselves.
Once they enter the market and start playing contracts, the situation changes, leading to two scenarios: The first scenario, incredible luck The first trade makes a big profit, enough money to avoid manual labor for several months. At this point, one thinks that workers are foolish, while they sit here making so much just by moving their fingers. They simultaneously confirm that they are indeed the chosen one, and the crypto world is the wealth code of their life. At this moment, who needs a job? Hurry and quit, and become a full-time god of contracts. At this time, daily fluctuations in wealth dazzle the mind, completely forgetting what they once said about being able to control themselves. Of course, luck cannot always be good; contracts have a strange characteristic: you can make 100 correct trades, but it only takes one to liquidate. The final result almost always ends in liquidation. The second scenario, terrible luck The first trade results in a loss, not believing in bad luck, continue to invest and lose, borrow money and keep losing. Of course, during the process, there are also profits, with wealth fluctuating wildly. In the end, it still results in liquidation. At this point, many newcomers become obsessed, believing that having lost so much money, they must recover their losses. They also think they have grasped the rules of contracts with the money they have spent, believing that as long as they provide themselves with capital, they will surely break even. At this time, many people start their journey into online loans.... The outcome is certain, liquidation... continuous liquidation... Until debts pile up, and in the end, they have no choice but to exit the crypto world in tears, plunging their lives into darkness.
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Indian Crypto Giant Falls! WazirX Hack Attack Revealed, Users Suffer Heavy Losses! $234.9 Million in Funds Vanished Overnight! (Part 3) Why are Hack Attacks Frequent in the Crypto Space?
The world of cryptocurrency is full of opportunities, but it is also like a wild west full of unknowns. The lack of regulatory rules and the continuous advancement of hacking techniques have allowed hackers to exploit these vulnerabilities for attacks. This not only damages the reputation of platforms but also makes investors worried about the investment prospects of cryptocurrencies.
Lessons Learned: Protect Crypto Wealth, Stay Alert to Potential Risks
The WazirX hacking incident serves as a wake-up call: while cryptocurrencies may offer enticing returns, they also come with undeniable risks. As investors, we must guard our cryptocurrencies as carefully as we protect our most valuable assets. Staying vigilant, strengthening security measures, and not giving hackers any opportunities are essential to ensuring that our crypto dreams are not shattered! 💪💰 #还有山寨季? As a seasoned investor in the crypto space, I’m happy to share my experiences and insights. Interested in the crypto world but don’t know where to start? Click on my profile to see an introduction to my work, and let’s witness the moment of miracles together.
Indian crypto giant collapses! WazirX hacker attack revealed, users suffer heavy losses! $234.9 million evaporated overnight! (2) How to ensure cryptocurrency security?
The WazirX attack incident has sounded the alarm for all crypto investors. But don't worry, here are some practical security tips to help you protect your crypto wealth:
1️⃣ Use hardware wallets: Storing cryptocurrencies in offline hardware wallets can effectively isolate you from hacker attacks.
2️⃣ Enable two-factor authentication (2FA): Add an extra layer of security to your crypto accounts, making it difficult for hackers to breach. 🔒
3️⃣ Diversify investments: Do not keep all your funds on the same platform or wallet; diversifying investments can reduce risk.
WazirX's response measures and user trust rebuilding
In the face of this large-scale hacker attack, WazirX quickly pledged to strengthen its security systems to prevent similar incidents in the future. However, for many users, trust has already been severely damaged. This incident once again highlights the importance of crypto platforms properly protecting user assets. #XRP热度飙升 Six years of experience in the crypto circle, free sharing of contract and spot trading insights, feel free to click on the avatar for consultation, let's make progress together!
Indian Crypto Giant Falls! WazirX Hacker Attack Revealed, Users Suffer Heavy Losses! $234.9 Million Vanished Overnight! (1)
Awakening! Indian crypto giant WazirX suffers a heavy blow from hackers, with $234.9 million in funds disappearing without a trace!
Imagine waking up in the morning, eagerly opening your cryptocurrency account, only to find your account balance showing 'zero'. This is not a fictional scenario, but the real experience of many users of the well-known Indian cryptocurrency exchange WazirX. In July 2024, a group of professional hackers named Lazarus (sounds like an evil force from a movie) successfully breached WazirX's strong defenses, stealing up to $234.9 million from both hot wallets (online storage) and what were supposed to be secure cold wallets (offline storage), shocking the entire cryptocurrency community! 😱
Incident Review: How Did the Hackers Succeed?
For WazirX users, this was undoubtedly a sudden nightmare. The Lazarus hacking group not only broke through the security defenses of the hot wallet but also successfully infiltrated the cold wallet system, which was believed to be more secure, akin to robbing both the cash counter of a bank and its most secure vault simultaneously. Their actions were both clever and terrifying, leaving people in shock. 😬
Impact of the Incident: Erosion of User Trust, Focus on Fund Security
This hacking incident caused significant psychological and financial losses for WazirX users. The platform's trading was urgently halted, and users found their funds locked in inaccessible accounts. This feeling is akin to losing a wallet filled with a lifetime's savings in their own warehouse, but what was lost was not ordinary rupees, but priceless cryptocurrency. #还有山寨季? Six years of experience in the crypto space, sharing insights on spot trading and contracts, feel free to click on my avatar for consultation, let's progress together!
Decoding the 'Bull Market Sell-off' Phenomenon: Strategies to Accurately Capture Buying Opportunities in the Cryptocurrency Market!
📉 The Temptation After Market Plunge The cryptocurrency market is ever-changing, and price plummets often trigger panic selling. But at this moment, the brief flicker of green candles seems to signal the hope of recovery, enticing many traders: 'It's time to buy the dip!' However, this is often the beginning of a trap.
🤔 Why Do Traps Keep Occurring?
FOMO at Play: Fear of missing out on an upward trend leads traders to impulsively buy at high prices, only to realize that this is just a temporary rebound.
Misjudging Trends: A slight recovery misleads people into thinking the market has reversed, when in fact it lacks fundamental support, ultimately forcing them to exit in disappointment.
Emotions Take Charge: Panic and hope intertwine, causing traders to lose direction in emotional decision-making.
🔍 Distinguishing True Recovery from False To avoid traps, it is crucial to recognize the difference between 'bull market sell-offs' and genuine recoveries. A true recovery is often accompanied by positive news or strong fundamental support, while a temporary rebound is as fleeting as a flash in the pan.
📈 Winning Strategies
Stay Calm: During market fluctuations, maintain your composure and don’t be easily misled by a single green candle.
Comprehensive Analysis: Examine market trends, assess the sustainability of the rebound, and determine if it is supported by fundamentals.
Stick to the Plan: Develop a clear trading plan, set entry and exit points, as well as stop-loss levels, and execute strictly.
Strategic Buying on Dips: Only adopt a buying-on-dips strategy after confirming the market bottom or long-term stability, patiently waiting for fundamental confirmation.
💡 Conclusion In the cryptocurrency market, patience and strategy are key to success. Don’t be misled by short-term fluctuations; focus on long-term trends and fundamental signals. Remember, success in trading does not come from chasing the market, but from staying calm and making wise decisions. Patiently wait, strike with strategy, and you can navigate the storms of the market steadily. #还有山寨季? As a seasoned cryptocurrency investor, I share my experiences and insights. Interested in the crypto world but don’t know where to start? Follow me to see my profile and achieve freedom in this bull market.
1. Rebound shipment: Some narratives may only have one rebound opportunity. Don’t wait until the last wave, exit in advance and lock in profits!
2. Large market value band: The heat is the highest in the first two days of breaking the new high, so hurry up and ship!
3. Cyclical adjustment: When the currency adjusts, it may be a signal of the next wave of rise. Low-level fluctuations can be tested with a small position!
Band operation, fast in and out, accurate grasp!
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Thoughts on the altcoin market this year: New coins and sub-new coins with high market capitalization and low circulation: These coins account for the majority of the market, and 99.19% of them are difficult to break through historical highs. Therefore, avoid treating all new coins as potential stocks.
Market time cycle: It is expected that the altcoin market will start in the first half of the year and gradually end in the second half of the year.
The difference between strong and weak altcoins: There is a huge gap between the gains of strong altcoins and weak altcoins. Only by seizing projects that can explode like "Lottery Coin" can we obtain significant benefits, so expectations for the market should be appropriately adjusted.
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In 2025, there will be a general bull market, but the market structure will show severe differentiation, with the gap between strong hot spots and unpopular projects possibly reaching several times.
Meme coins will welcome a strong cycle, possibly the most intense wave in the past two years, with many opportunities appearing on-chain, and at least one or two projects could achieve a thousandfold increase, but there will also be more coins that may go to zero, making it quite challenging for novice investors.
The secondary market will see the emergence of new star projects, similar to items like running shoes, which are worth paying attention to.
The future speculation tracks will tend to concentrate, with concepts like AI, RWA, Trump, BlackRock, Grayscale, etc., becoming mainstream.
When investing, one should not solely rely on market capitalization concepts; do not assume that large market cap means no room for growth, and small market cap does not necessarily mean there are huge opportunities.
I believe that the current market structure differentiation is very obvious, and those neglected projects may become the last wave of highlights, but overall, this will be the tail end of the entire cycle.
When this round ends, the altcoin market will be in ruins, paving the way for the next round of major reshuffling.
#本周微策略是否继续增持BTC? To learn more about cryptocurrency-related knowledge and cutting-edge information, click the avatar to follow me. Contract trading skills are shared for free, providing daily points.
Last night, as soon as the non-farm data was released, the price of $BTC suddenly dropped from 94,500 to 92,700, losing 2,000 points just like that.
But as soon as the U.S. stock market opened, someone boldly bought in at 92,100, and as a result, the price shot back up, reaching as high as 95,800.
From the daily chart, BTC has finally cleared up after a few days of decline, with a bullish candle following three consecutive bearish ones, and the price bounced back fiercely. Now at 94,800, the bears seem to have almost exhausted their strength.
My suggestion is to keep buying more as long as the bottom is stable; after all, around 93,500 on the four-hour chart is a nice buying point. If it can reach 96,000, the bulls will have a better chance. If it can't break through, we can consider whether to change direction and try shorting.
The situation with $ETH is similar; keep an eye on the 3,200 point to see if it can continue to climb. If it can reach 3,750 and hold its ground, we will continue to be bullish. If it can't go up, the opportunity for shorting may arise.
With rich experience in the crypto world, feel free to share and welcome to click on my avatar to find me for consultation.
US non-farm data exceeded expectations, supporting the Fed's slowdown in rate cuts
On January 10, the Financial Times commented on the non-farm data. The United States created 256,000 jobs in December, exceeding expectations and supporting the Fed's reason for slowing down the pace of rate cuts. The number of jobs released by the U.S. Bureau of Labor Statistics on Friday exceeded the 160,000 expected by analysts in a Reuters survey, and was also higher than the 212,000 revised down in November. The unemployment rate was 4.1%, compared with 4.2% in November. The December employment data came out amid a sell-off in the global Treasury market, partly due to growing expectations that the Fed would only cut interest rates slightly in 2025
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The root cause of the recent fluctuations in the cryptocurrency market has been revealed, with the tariff policy adjustments by the Trump team becoming the focus of market attention.
Although market sentiment improved somewhat last week, two economic data releases last night once again dampened enthusiasm in the market.
In fact, it is not the data itself that shakes market confidence, but rather the actual impact and influence of these policies on the vested interests in the market.
If the new tariff policy can be implemented relatively gently, the ongoing adverse effects on inflation are expected to be alleviated.
Meanwhile, the growth in the services PMI indicates an increase in business activity demand towards the end of the year, with a surge in supplier orders and inventory levels. However, the sustainability of this growth trend still needs further observation.
Risk market sentiment fluctuates significantly, but it usually shifts gradually from extreme states to stability, with prices returning to a range of fluctuations.
Currently, the market is in a fluctuation range of 91,000 to 100,000, with frequent small-scale trend reversals. Therefore, effective order management to respond to market changes is especially important.
#加密市场回调 As a seasoned cryptocurrency investor, I, Tu Fei, share my experiences and insights. Interested in the cryptocurrency space but don’t know where to start? Follow me to check my profile, and I will guide you to achieve freedom in this bull market.
Stay calm, patiently hold cash, wait for most indicators to reach warning lines, and quickly execute sell orders.
Recently, the U.S. non-farm payroll report exceeded market expectations, with 256,000 new jobs added and the unemployment rate dropping to 4.1%, lower than predicted.
As a result, Wall Street has adjusted its interest rate cut outlook, predicting that the number of rate cuts will be reduced to one within 2025, likely occurring in June.
Although the macroeconomic trend is unfolding as expected, it is approaching its peak stage. The CPI data to be released next week will become the market focus and may trigger the final market correction. Please stay alert and accurately capture selling opportunities!
#加密市场回调 Six years of experience in the cryptocurrency space, sharing insights on contract and spot trading. Feel free to click on my profile for consultations so we can all improve together!
Summary of the current decline of star altcoins in this round of bull market
RATS: When Bitcoin was at 60,000, its market value was 100 million. Now that Bitcoin is at 94,000, its market value is only 50 million. From the high of 0.0009969, the current decline is 90%
ORDI: After being halved, it has halved again. Currently at 20, the decline from the high is 80%
NOT: Continuously falling from the high, the decline from the high is 84%
NEIRO: After experiencing two halvings, it has formed a Christmas tree pattern, with a decline from the high of 79%
SATS: It seems like it has never gone up, only down. The decline from the high is 85%
ACT: Following the old rule of two halvings, the decline from the high is 70%
PNUT: The decline from the high is 80% #加密市场回调 If you want to learn more about cryptocurrency-related knowledge and cutting-edge information, click on the avatar to follow me. Free sharing of contract trading skills, daily price points.
Never, ever let yourself fall into a quagmire. I know you have your own buying points and your own selling points. But when you are truly stuck, it is very difficult to cut your losses and exit.
Because this is human nature, our actions must go against human nature; only by jumping out of the quagmire of human nature can we avoid being passive. Suppose you are stuck today, but do not set a stop-loss; tomorrow, by chance, it goes back up. Although you made a small profit this time, if next time or the time after that you do not set a stop-loss, everything could even double back in losses.
So how can we ensure we stop-loss when we need to? Let me share my own experience.
On one hand, from a cognitive perspective, we must realize that setting a stop-loss is also part of trading and accept the act of stopping losses.
On the other hand, from a psychological perspective, we need to be willing to let go a little and relax. If we are wrong, we must be able to afford to lose.
In fact, the mindset can sometimes be quite mystical; the less afraid you are of losing, the less likely you are to lose, and the more you can afford to lose, the less likely you are to lose.
Finally, always remember that setting a stop-loss is merely a remedial action. The ultimate principle is to never let yourself fall into a quagmire; if the bullet is not right, you need to withdraw in time.
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Things to understand if you have a car: 1. First: Try not to buy a black car.
2. Second: If a car is not used for a long time, after 40 days, the tires will deform; after 45 days, the battery will lose charge; after 60 days, the lubricating fluid will flow back.
3. Third: Don’t fill the gas tank completely, two-thirds is enough.
4. Fourth: Don't have too many interior decorations, especially those that obstruct your view.
5. Fifth: For minor scratches and bumps, save them up to repair later, don’t use insurance, or else your premium will rise to a point that makes you want to cry the next year.
6. Sixth: Don’t wash your car too often, twice a month is enough.
7. Seventh: Follow the maintenance manual, don’t let the 4S shop trick you into excessive maintenance.
8. Eighth: Don’t leave valuable items in the car, even an empty bag can attract window smashing.
9. Ninth: When parking, try to have the front of the car facing out for convenience when leaving.
10. Tenth: Make sure to have a dash cam, it can be very helpful in critical moments. #加密市场回调 If you want to learn more about cryptocurrency and get the latest information, click on the profile picture to follow me. I share contract trading tips for free and provide daily points.
In the ETH meme era, we were doing smart money analysis. From the perspective of winning rate, you can't make back your money by following the transactions of smart wallets.
The core is
1. Treat smart money as a project reminder, remember to check more and follow less.
2. You have to be smart, think you understand everything, and if you don't understand, just do what you understand.
3. If you understand something and still lose money, then review what you don't understand?
4. Study the real trading habits of the owner of this wallet, this is the most important.
5. Pay attention to the price, smart wallets may not buy at a good price.
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January 11th Overnight Important Developments Overview:
1. Bank of America: Expects U.S. inflation to slightly rise in December
2. U.S. CFTC Enforcement Director Ian McGinley to resign
3. U.S. FDIC Vice Chairman calls for a more open approach to cryptocurrencies
4. U.S. Department of Justice charges three Russians involved in cryptocurrency mixing services
5. Trump will take office as a felon, stating he will continue to appeal
6. The World project supported by Sam Altman has verified user count surpassing 10 million
7. Morgan Stanley: Due to a more favorable inflation outlook, the possibility of a rate cut in March remains high
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