I haven't made any money these days.
Today there was a big drop, and it hurt. I bought over $10,000 of doge at 0.43 last night, and now I'm down more than $1,000.
On the 12.8, I bought ACX for $0.9843. I initially planned to sell at $2.9, but the market changed too quickly, and I sold everything at $0.9912 without making any money.
On the 12.8, I bought pepe for $0.00002285 with over $10,000 of pepe, and sold at $0.0000272. I made $2,000. I bought some dogecoin but only made a little over $100 because it didn't go up. In the evening, the market improved, but then at 0.43 I bought again and woke up to a big drop, losing over $1,000.
Yesterday, a fan saw that I bought ACX and also bought ACX with me. He told me that yesterday I said I sold, and I don't know if he sold.
Once again, dear friends, please do not buy coins from me, you will lose money. Do not buy, absolutely do not buy. Following trades will definitely lose money, and you must understand what you are buying. If you don't understand, don't buy. Don't buy if you don't understand.
If you follow this principle, you won’t lose big money. My principles might change just two hours after I set them. The market changes too quickly.
When it rises, I won't sell naturally, but as soon as it doesn't rise, I will sell immediately. For the altcoins I bought, as soon as I see a hint of a drop, I will sell right away. If I miss the peak, I miss it; it doesn't matter, but I must not lose money.
I no longer believe in tenfold or hundredfold returns. Now I feel that earning three times is equivalent to last round's tenfold; now's tenfold is equivalent to last round's thirtyfold.
Now it’s even hard for me to sell U. U isn't even inverted; under normal market conditions, the price of U should be greater than the price of USD, but now it’s lower than the price of USD.
This shows that the market is not active at all, with no players from the Eastern world rushing in to play. It's all relying on the support of the Western world.
The root of why altcoins are hard to earn is here; when they rise, it’s sudden, and they jump 50%. By the time you buy, you've already hit the peak; the upside is limited. If there's a big drop, it can drop 20%.
Then you have to endure, endure until you break even and then sell. If it continues to rise, you hold on, it goes up 30%, then it will drop 20%.
Unless it goes up in one breath, or you decide to hold it to the end. I observed that very few coins make a lot of money by holding it to the end.
My friend bought runes.
Dog made three times. If I made three times, I would have sold long ago, but my friend said to wait until next year to sell.
In my eyes, there is no time, only the market. If the market is wrong, I will sell immediately. This time I can earn three times, and next time I can summarize the experience of earning three times. This is what I think.
Earning tenfold or twentyfold is very difficult. The only possibility is new coins; if you buy at the bottom, and within a week it goes straight to a large exchange, then it will take you flying.
New coins listed on Binance make it very difficult to earn tenfold; recently, new coins on Binance have easily earned 30-50%, and basically, they can earn. Usual, I missed out.
Move is money beyond cognition. It directly has a market value of $7 billion, which I can't understand, so I'm afraid to buy.