Question: There was a big drop in the market, did you buy at the bottom?
A week ago, a fan asked me, SOL has fallen so badly, should I buy it? Is it time to cut the leeks?
My answer is: you need to make regular investments, buy at any price below 130, buy when the price drops, and use a currency-based mentality. As long as the bull market is still there, any pullback of SOL can be seen as a market cleanse.
According to Bloomberg analyst James Seyffart, VanEck has submitted the first SOL ETF in the United States, and it is worth paying attention to whether other issuers will follow suit. He predicts that if a new administration is replaced in the White House and the US SEC is replaced, the relevant application may be launched sometime in 2025, but it may not be realized.
After Ethereum completes the ETF application, it may face some problems. For example, the most direct one is Grayscale’s large holdings, which will in turn affect the inflow of funds into the ETF. If the inflow does not meet expectations, will it complete a vicious cycle?
In the past few days, I have suddenly thought about this issue more. If Ethereum is passed and the good news comes out, the next event that may be promoted is SOL's application for ETF.
When people don’t mention it, or ignore some of it, I think the opportunities are greater than what is obvious.
In the case of a general optimism about Ethereum, it may indirectly have a greater impact on SOL (before it is passed, it should be positive)
Therefore, as soon as the spot ETF application is approved, you should pay attention to market changes and decide how to avoid risks and seize opportunities.
This year's cryptocurrency environment is actually very good.
Supported by Wall Street capital.
Regulation by the SEC and CFTC (for fraud), as well as support for compliant cryptocurrencies, the passage of Bitcoin and Ethereum ETFs spot.
With the backdrop of the US election, 50 million young crypto voters have made every presidential candidate start to get involved, and their attitudes towards Bitcoin have ranged from bad to good, from not understanding to talking about it.
There is also the backdrop of the end of interest rate hikes and expectations of interest rate cuts.
There is also a four-year cycle of Bitcoin production reduction.
However, all this did not drive the entire market to rise. Bitcoin tried to break through the 73,000 level many times, but failed. Due to various reasons, many copycat coins even fell back to the starting point of the bull market.
I actually had this expectation before this round of bull market began, but I just didn’t know how they were going to play this time.
If you can't predict the market, you can only look for some clues.
In this bull market, the dog dealers pursue surprises. In short, all the unexpected things will happen with a high probability, while the expected things will not happen.
For example, everyone expected that after the Bitcoin ETF was approved, it would rise directly, but it fell below 4.
Everyone expected that the Ethereum ETF would not pass, but it did.
Many people expected that after the ETF's fundamentals improved, it would be difficult for Ethereum to fall to 3,200, but it did fall.
At the beginning of this round of bull market, it was expected that VC would be hyped, but in the end, it was meme that was hyped from beginning to end, first with inscriptions, then sol, and then the zoo.
The project that everyone was optimistic about at the beginning turned out to be the biggest failure of this bull market.
In fact, I can understand this matter. After all, it involves capital and money. It is hard not to have accidents. If there are no accidents, won’t everyone make money?
So I have said before: The Federal Reserve will cut interest rates. Many people say it will be difficult this year and it will only happen next year. I don’t agree.
The harder the Fed talks, the more likely it is that it will be brought forward, probably before September or October.
I think even the day before a rate cut, Fed officials will remain hawkish.
The eagle's beak is designed to be tight on the outside, but it is actually loose on the inside.
Eagles are not scary. On the contrary, when the market is harmonious, we should be vigilant.
Although I don’t buy at the bottom every time there are many negative factors in the market, but every time I buy at the bottom on a large scale, I must do so when there are negative factors.
This Tuesday, when Bitcoin broke through 60,000, an article was updated.
Almost every time when the moment is critical, I will clearly let everyone buy at the bottom, and every time there is an opportunity, I will take advantage of the time when there are more negative news.
These decisions are against human nature.
Everyone gradually understands that this round of market will be more difficult, especially for copycats, but the few major mainstream ones are more stable and easier to make money.
Therefore, it is necessary to configure the mainstream reasonably. Every time the copycat finds such a big drop, it is a big opportunity to buy in batches, and it is difficult to lose money. Even if you lose for a month, you may be able to buy at the bottom at a critical time and pull it back in three days.
Brother Wang repeatedly mentioned the timing of bottom fishing and position management. This is the basis for making money, otherwise you will make mistakes at every step.
My last words to everyone: When opportunity comes, feed on fear, and don’t let the golden cup face the moon empty.#VanEck提交首个SolanaETF #币安合约锦标赛 #以太坊ETF批准预期
