December 30, 2024

These past two days, I have been watching reports about the crash of a Korean passenger plane, where only two crew members survived, and all 179 passengers perished. One of the surviving flight attendants may be completely paralyzed. This air disaster is likely the largest in Korean history, and it could even rank among the top ten in human history. Watching the final impact video was extremely despairing. The analysis of the black box has not yet been released. Regardless of where the responsibility and cause lie, the event has already occurred, and it holds no meaning for these passengers.

I’ve seen various analyses and some messages from passengers to their families that were disclosed, and I feel a bit heavy-hearted. At times like this, people habitually say: tomorrow and unexpected events are uncertain, but even watching news reports feels a bit suffocating. Perhaps for us, life needs more relaxation; the sense of gain and loss should be appropriate. Sometimes, it’s worth considering whether pursuing too much is too exhausting and if it’s really necessary.

Returning to the market, the recent low volatility fluctuations provide a good opportunity to rest. Based on my market judgments, I have already relaxed and plan to enjoy the New Year period. It’s said that trading cryptocurrencies is too difficult; when prices rise, one feels they bought too little, especially when seeing others posting their gains of several times, which makes it even harder to bear. Conversely, when prices drop, it’s also painful, either being trapped in losses or feeling stuck. In summary, in the crypto space, lacking a good mindset leads to sleepless nights during both rises and drops, and anxiety during sideways movements. Moreover, trading is 24/7. Thus, for us crypto traders, the most important thing is to adjust our mindset and also embrace life.

Bitcoin dropped a little yesterday, hitting a low of 93,000. On the daily level, it is still hovering around a central point. It’s worth noting that recent fees have turned negative overall. On one hand, there are quite a few arbitrage opportunities; on the other hand, I feel that the market's bullish sentiment has been dampened, and bearish sentiment is beginning to emerge. Based on this indicator, I don’t think it’s necessary to be too bearish in the near term. At this position, it’s appropriate to do some dollar-cost averaging, buying a little on small dips and more on larger drops.

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