In the past month or two, many friends have been asking me about going long on A-shares. Many of them are just ordinary people, and I tend to be quite direct with friends. I tell them that it's not that I don't have faith in the economy; I just don't have faith in the rule-makers. I'm sure everyone has seen the ugly tactics of cashing out, so before you enter the market, think about the challenges you will face after entering. Don’t be happy when you make money and then blame my family when you lose.
However, in front of many relatives and friends, I say directly that I don’t understand. Although ‘the bigger the storm, the more valuable the fish,’ can they really withstand the storm? Not everyone has the resilience like Gao Qi. I am in the crypto circle, which is indeed a place that creates wealth myths, but it is not suitable for them. Why don’t I give advice to relatives and friends? Because when they make money, they think it’s deserved, but when they lose, they blame you, and your whole family will curse you at the door.
That aside, let’s continue our discussion. What I want to say is that the crypto market, like A-shares, is currently in a very sensitive position.
Here I want to mention something unusual: the futures market has hundreds of billions of funds that have been pressing down since 60,000 all the way up to over 69,500, and the options market also has hundreds of billions of funds pressing on the 70,000 to 80,000 range.
Including ETH, many people are criticizing it, saying it is weak and powerless like a little girl. I won't say much about ETH here; it has its own path. It is the backbone of the crypto circle and has its own value. In November, ETH is expected to make a significant one-sided move, and I am already prepared. You can contact me for specifics.
