Once I paid attention to Bitcoin, a few years ago when it was experiencing the most volatility. I read a post in the Bitcoin section of Baidu Tieba. At that time, Bitcoin skyrocketed to 8,000 yuan. A man, concealing it from his parents and fiancée, used the down payment for a house and a large portion of his wedding money totaling 400,000 yuan, to buy 50 Bitcoins. He commented in the post: "Let’s take a gamble! If luck is on my side, getting a loan for the house will be easy!" The other users in the post all gave him a thumbs up, saying it was guaranteed to rise steadily, "Bro, you’re amazing!" There were a few individuals who reminded him not to go too far. Because he had hidden it from his family and threw all his possessions into the Bitcoin market, that guy updated the value status in the post every day, sharing his feelings. Naturally, the post attracted more and more attention, and everyone helped him with his doubts, cheering him on. Not long after, a series of negative news broke out. Several countries successively denied the monetary value of Bitcoin, and there were even reports of Bitcoin trading platforms shutting down and owners running away. - At that time, people were anxious, and the value of Bitcoin plummeted from 8,000 yuan to over 2,000 yuan, fluctuating at a low level. At this time, the people in the Tieba were like they had been injected with adrenaline, frantically attacking and mocking that man. "Are you an idiot! Hahahahahahaha" "I said you couldn’t play like this a long time ago, let’s see how you get married!" "Hahahahahaha I've been waiting for this day!" "Host, come out, come out and walk a few steps!" "Bro, are you still alive?" Back then, the term "face-slapping" hadn’t become popular yet. Everyone was acting like they were crazy, their faces twisted in mockery of this man, and you could see their excited and terrified faces laughing miserably across the screen. The man still occasionally updated the post, mostly describing his life situation, like how to lie to his fiancée and parents, and who to borrow money from to make up for the loss of hundreds of thousands. A few more days passed, and the man updated less and less, but whenever he spoke, there were always people cursing and mocking him. The last update was approximately: "I don’t dare go home, I don’t dare answer my girlfriend’s calls. I really don’t know what to do, laugh as you please." Since then, that person never appeared in the Tieba again.
In fact, most of the money earned in various industries comes from the money issued by the central bank; otherwise, society would be in deflation. No one would be able to make money.
缠中圣手
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If in the market capitalization of Bitcoin, Bitcoin can still rise to 13 million dollars, and just by holding Bitcoin one can become the richest person in the world, I can only say that the required nutrients are too many. At the very least, the vast majority of people in the world are working hard and contributing their labor to those who hold Bitcoin. This always feels like a return to a slave society. It is good for people to have beliefs, but when people become so crazy for profit, they are not far from destruction. I am not optimistic about MicroStrategy; in the future, its financing channels will likely be completely blocked, and there will be a large amount of cashing out and debt...
As long as governments around the world keep printing money, it is possible. Currency needs a reservoir. From the salt and iron of the feudal dynasty to the real estate of China today and the stock market of the United States, it has never changed.
缠中圣手
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If in the market capitalization of Bitcoin, Bitcoin can still rise to 13 million dollars, and just by holding Bitcoin one can become the richest person in the world, I can only say that the required nutrients are too many. At the very least, the vast majority of people in the world are working hard and contributing their labor to those who hold Bitcoin. This always feels like a return to a slave society. It is good for people to have beliefs, but when people become so crazy for profit, they are not far from destruction. I am not optimistic about MicroStrategy; in the future, its financing channels will likely be completely blocked, and there will be a large amount of cashing out and debt...
There will be no returns, most of the previous victims sold their claims to institutions that deal with claims, and those traditional claims institutions received compensation. They will not buy Bitcoin.
B圈玉白菜
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Many people say that FTX's compensation is a positive for the market, believing that these funds will likely flow back. This statement is not wrong, but the initiation of compensation is likely negative for the market. The reason is simple: where does the compensation fund come from? It requires selling the frozen FTX assets to convert them into USD to compensate the victims. A large number of sell orders signifies what this means, no further explanation needed. Therefore, in the early stages, it is definitely negative. The higher the compensation funds, the greater the negative impact. The extent to which funds can flow back later depends on whether these former victims still have confidence in the cryptocurrency market. This is just my personal opinion and not investment advice.
Family member's condition has improved and has entered a long postoperative recovery period. Currently, the mindset adjustment is good, and there have been some small profits from recent trades. By the end of the month, investments in the stock market and other miscellaneous assets will be allocated for trading. Let's start with a small demonstration of 'financial art'.
I think the ratio of long-term on-chain addresses is still quite useful.
甜梦
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Bull market escape signal indicator list, don't be disturbed by noise 1. This list covers 75 cryptocurrency market escape indicators including: 🔸Price type indicators: such as micro-strategy position tracking, rainbow chart indicators, 9 god indicators, PI indicators, etc. 🔸Mainstream type indicators: bubble index, gold and BTC ratio multiplier, 4-year moving average, RSI, etc. 🔸Comprehensive type indicators: CBBI, BTI indicators, etc. 🔸On-chain data indicators: MVRV, Puell Multiple, NUPL, Reserve Risk, etc. 🔸Altcoin season indicators: Altcoin season index, altcoin market value analysis, altcoin capital inflow analysis, etc. 🔸Time period type indicators: including Kezhou historical data inference, major time nodes in the currency circle (interest rate cuts, halving, elections, policy introduction nodes, etc.). 🔸Macro level indicators: including USDT interest rates, US stock-related macro indicators, etc. 2. Data description of the list: 🔹The list selected 75 indicators as analysis factors, 33 of which are display types (easy to understand) and 42 are back-end cross-validation types (charts and data that need to be understood). Among them, 27 indicators are models that have been hit and verified in the previous two rounds of bull markets. 🔹The list will be updated daily. When the indicator hits more than 50%, we will start warning. When it exceeds 60%, we will regard it as approaching the bull peak stage. When it hits more than 70%, the market will enter a crazy state. When it hits more than 80%, it will be regarded as the last carnival. 🔹Description of the list table of the day: Today, [Indicator hit rate: 0/33, whether to start fixed selling: No! ] did not trigger a reminder, so it is recommended to continue holding and wait patiently. (If there is a hit indicator, I will list the indicator and introduce it in detail, and I will not repeat it in this issue) 🔹The list has built data crawlers and risk control hit rules. It will crawl again at 12 am and 12 noon every day. If there is any modification or human intervention is required, we will notify you. 3. Description of the list: 🔹The core idea of this list: The simplest way is to make more money by escaping the top and buying the bottom. #比特币市场波动观察 #币安LaunchpoolBIO #加密市场反弹 #加密市场反弹 #灰度提交Horizen信托文件
Share an interesting thing that is very helpful for trading.
I invested $1000 and found a meme coin worth tens of thousands on-chain to try and be a market maker. Slowly experiencing the changes in transaction volume and price. Sometimes it feels like I'm the only one buying and selling. Calling it a 'dog' market every day, you only know after trying it that being a market maker is even harder than we think. As soon as I buy, the price goes up; after working hard to collect some chips, I find I can't sell them at all. In short, this process is very meaningful, and I can appreciate many new things, gaining a more comprehensive view on issues.
Boss, when selling, please let me know. Thank you in advance.
甜梦
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1. The trend of long-term holders with positions exceeding one year.
This data is, to date, the only one that has not been falsified, and I still believe it to be the most valuable reference data for market tops. There are almost no exceptions; of course, I mean within my personal data system. I am just an ordinary person, and there may be many data points I am unaware of, so let’s not argue. There may indeed be more effective data that I do not know, but that is outside the scope of our discussion.
From the data, we can see that the four green intervals correspond to the peaks after four halvings. The fourth one is the current cycle, which is obviously not over yet. From the previous three cycles, we can observe that when long-term holders with positions exceeding one year reduce their holdings to the lowest point, it often corresponds to the peaks in Bitcoin prices. I know many friends will say that tops are sold, and that’s correct. Still, it’s worth repeating that we are looking at results, not engaging in debates.
Whether it's the long-term holders exiting due to high prices or the price peaks caused by long-term holders exiting, they correspond one-to-one. I have roughly sketched what I think the overall trend is, so please forgive my lack of talent in drawing. The sketch is a general illustration of the trend and does not correspond to actual prices. From a cyclical perspective, we should now be entering the 20% to 30% stage of a bull market cycle, with about 30% left until the peak.
Moreover, even when it's time to exit at the peak, it should correspond to a long-term holder's "rounded bottom" position, rather than a one-time exit. This does not mean selling at the highest point, but within the highest range. For example, if $110,000 is the highest point, the rounded top should correspond to a range between $100,000 and $110,000.
So, if we look at it this way, the bull market is likely to continue for about another 3 months, after which it will start to decline. Although it will still be a bull market, it will be at the end of the bull market.
The current trend of sol is ambiguous, and taking short positions while looking long is one of the operational methods that can be adopted. From the daily chart, the price is in an oversold range, with the lows over the past three days around 177, indicating that there is support here. However, the market has not formed a bottom structure or shown significant upward momentum. It is recommended to wait for the price to further set new lows or achieve a local breakout before attempting to seize a rebound. From the 1H to 4H range, in the past 50 hours, the price has been undergoing a contraction repair after three horizontal movements on the hourly chart, and is currently nearing the end. However, locally, it has not formed a bottoming pattern, and there is significant uncertainty for those entering the market rashly. The main approach is to participate in the aforementioned mode of looking long while taking short positions.