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Eldridge Studebaker hIXJ
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$THE Discussion on the current trend?
the reason I initially bought this coin is simple
1) New coin with its own concept, CZ platform, claimed to be the son of Binance
2) I believed the initial trend wouldn't be too embarrassing, it definitely needs to have something going on
3) The trading volume and turnover would be very high in the early stages
The trading volume and turnover rate on the first and second days after listing were indeed very high, even surpassing Dogecoin's trading volume during those two days. This indicates that it attracted the attention of funds. This aligns with my goal of trading contracts, I can enter and exit quickly.
However, after the rapid rebound to 3.3 the night before last, the volume started to shrink again. In the short term, I can't guess the reason for its rise; the only reason might be a rebound from an oversold state?
Because I believe I am here to fight hard, not to solve riddles. If I don't have my own logic to gamble, I might as well bet on red or blue, that's faster and without such great pain in between.
The essence of market fluctuations, in my opinion, is the flow of funds; funds flowing in lead to an increase, while outflows lead to a decrease. If there is no reason for funds to flow in now, the market's heat will start to decrease, and confidence will be shattered. I think this is very dangerous. But I also don't like to short, so what I can do now is to watch and wait for the situation to develop.
the reason I initially bought this coin is simple
1) New coin with its own concept, CZ platform, claimed to be the son of Binance
2) I believed the initial trend wouldn't be too embarrassing, it definitely needs to have something going on
3) The trading volume and turnover would be very high in the early stages
The trading volume and turnover rate on the first and second days after listing were indeed very high, even surpassing Dogecoin's trading volume during those two days. This indicates that it attracted the attention of funds. This aligns with my goal of trading contracts, I can enter and exit quickly.
However, after the rapid rebound to 3.3 the night before last, the volume started to shrink again. In the short term, I can't guess the reason for its rise; the only reason might be a rebound from an oversold state?
Because I believe I am here to fight hard, not to solve riddles. If I don't have my own logic to gamble, I might as well bet on red or blue, that's faster and without such great pain in between.
The essence of market fluctuations, in my opinion, is the flow of funds; funds flowing in lead to an increase, while outflows lead to a decrease. If there is no reason for funds to flow in now, the market's heat will start to decrease, and confidence will be shattered. I think this is very dangerous. But I also don't like to short, so what I can do now is to watch and wait for the situation to develop.
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Real Trading Records and Self-Reflection (1) from $THE 2024.11.29-12.1
Opened the position at 3.1 PM on the 29th, and then it started to fall.
This process was very painful to hold, as I used 20x leverage, and the margin was not enough, constantly hovering on the edge of liquidation, with the maximum loss being -5500u. In between, due to insufficient margin, I partially closed several times.
During this time, I experienced several price levels that stayed flat for a long time, which was quite torturous. Fortunately, I kept buying low and selling high, bringing my cost down to 2.74 (the closed portion at that time was -3900u). Just now, a wave of price increase allowed me to break even, and I closed everything. Not losing money is considered making money, so I’ll have a good sleep and continue.
Reflection:
1) Initial position must be as low as possible, leaving enough room for myself.
2) When there is enough profit, dare to increase the position. Since I chose to play contracts, it is inherently a risk and gamble; do not fear liquidation and being wiped out. With insufficient principal, one can only rely on high risk for high returns to build wealth!
3) Contracts must be entered and exited quickly. Once again, I did not strictly execute the stop-loss mechanism. When my cost reached 2.98, the stop-loss was set at -2000u. At that time, if I had directly triggered the stop-loss and waited for another opportunity to re-enter, the mindset of holding the contract for profit after breaking even would have been completely different. This time, I was lucky to have the chance to break even. If it continued to drop, I would have been completely liquidated, losing both my principal and the chance to gamble again!
4) One must stick to their judgment while strictly executing discipline. Trading itself requires going against human nature and staying away from one's comfort zone!
Opened the position at 3.1 PM on the 29th, and then it started to fall.
This process was very painful to hold, as I used 20x leverage, and the margin was not enough, constantly hovering on the edge of liquidation, with the maximum loss being -5500u. In between, due to insufficient margin, I partially closed several times.
During this time, I experienced several price levels that stayed flat for a long time, which was quite torturous. Fortunately, I kept buying low and selling high, bringing my cost down to 2.74 (the closed portion at that time was -3900u). Just now, a wave of price increase allowed me to break even, and I closed everything. Not losing money is considered making money, so I’ll have a good sleep and continue.
Reflection:
1) Initial position must be as low as possible, leaving enough room for myself.
2) When there is enough profit, dare to increase the position. Since I chose to play contracts, it is inherently a risk and gamble; do not fear liquidation and being wiped out. With insufficient principal, one can only rely on high risk for high returns to build wealth!
3) Contracts must be entered and exited quickly. Once again, I did not strictly execute the stop-loss mechanism. When my cost reached 2.98, the stop-loss was set at -2000u. At that time, if I had directly triggered the stop-loss and waited for another opportunity to re-enter, the mindset of holding the contract for profit after breaking even would have been completely different. This time, I was lucky to have the chance to break even. If it continued to drop, I would have been completely liquidated, losing both my principal and the chance to gamble again!
4) One must stick to their judgment while strictly executing discipline. Trading itself requires going against human nature and staying away from one's comfort zone!
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$THE Panic selling short-term ended, starting to stabilize
Can aim for a small rebound
It feels like Binance listing this coin resulted in a total mess, it's too ugly, but there should be something, just that the process was too torturous.
Can aim for a small rebound
It feels like Binance listing this coin resulted in a total mess, it's too ugly, but there should be something, just that the process was too torturous.
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MicrosoftBTCInvestmentVote
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#MicrosoftBTCInvestmentVote 🚀 Could Microsoft Propel Bitcoin to $100,000? A Game-Changing Proposal Awaits!
The upcoming December 10 annual meeting at Microsoft is set to discuss a proposal for the tech giant to evaluate investing in Bitcoin. If approved, this could serve as a monumental catalyst for Bitcoin's price, possibly pushing it past $100,000! Here's a breakdown of what’s at stake:
1. Corporate Stance on Crypto
For Approval: Microsoft's prior interest in blockchain and Web3 technologies highlights its openness to innovation. Adding Bitcoin to its balance sheet could position it as a leader in the crypto-fintech space.Against Approval: However, volatility concerns might make Microsoft’s leadership hesitant, given its historically cautious investment strategies.
2. Market Context
The institutional adoption trend, led by Tesla and MicroStrategy, might influence Microsoft's decision. Aligning with competitors and emerging trends could strengthen the case for Bitcoin as a strategic asset.
3. Shareholder Sentiment
Crypto Advocates: If crypto-enthusiastic shareholders back the proposal, it stands a better chance.Cautious Investors: Conservative shareholders might reject it, fearing Bitcoin’s speculative nature and regulatory uncertainties.
4. Broader Economic Environment
Supportive Factors: Inflation concerns and increasing institutional interest in Bitcoin could make the proposal appealing.Challenges: Regulatory hurdles or a bearish macroeconomic outlook might dampen enthusiasm.
Outlook
While the proposal faces hurdles, its approval could ignite a psychological rally in Bitcoin’s price, even if Microsoft’s initial investment is limited. Such an endorsement would underscore Bitcoin’s growing institutional appeal, reinforcing its position as digital gold.
What’s your take? Will Microsoft take the plunge into Bitcoin? Share your thoughts below! 🧠👇
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