Cryptocurrency finally experienced a decent crash today, 21 years later.
There was no surprise, the ones who got hurt were still the leeks.
Especially those newcomers who were attracted into the cryptocurrency circle by the continuous rise. Most of them entered the market in March, and now they have little money left in their pockets.
Those friends who are fortunate enough to follow us are lucky. At least you still have the funds to buy at the bottom. Today, at least ten friends hesitated and did not join us. They bought a lot of altcoins and asked me what to do now?
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What can I do?
We can only wait and see for the market to rebound.
If you cut your losses now, there is a 60% chance that your losses will end up on the floor.
Especially two of the friends, who had hundreds of dollars in funds, now have only dozens left, and their faith is completely shattered.
I am reluctant to spend tens of U, but I am willing to spend hundreds of W. Why would someone like to get free stuff with hundreds of funds? I really don't understand.
However, even now, confidence in the bull market remains unchanged, and we still firmly believe that there will be a big bull market next.
What we need to do now is to hold on. Those who have funds should try to buy at the bottom, and do it in batches. In a situation like today's rapid plunge, you can buy more at the bottom.
As the market falls, slowly buy at the bottom. If you really have no money left, just lie back and wait for the wind to blow.
However, if the market rebounds to around 61,000 in the future, you must remember to take profits on the bottom-fishing positions, free up cash positions, and maintain position flexibility.
During this wave of pullback, I basically followed Thirteen’s investment strategy and maintained a 30% cash position. I am very happy to buy at the bottom now.
What we are discussing now is that Bitcoin fell asleep at 48,000 and we regretted not buying at the bottom.
2，
This degree of market crash has completely made the market lose its rationality.
With the plunge of U.S. stocks and the circuit breaker of the Turkish stock market, it seems that a new round of economic crisis is about to come.
Some even say that this time is comparable to the 2008 subprime mortgage crisis.
In fact, this situation is far less serious than everyone thinks. Everything is under control, and it is expected that this crisis will be resolved within 1 to 2 weeks.
A rebound in the market is inevitable.
In fact, it has been clearly stated that there may be a wave of declines in August, but I didn’t expect it to be so serious.
After falling to this level, some people say that if it is not a bear market, the market makers will not be afraid of us buying at the bottom, making it even more difficult for them to pull up the price later?
In fact, you can ask the people around you who are speculating in cryptocurrencies, how many of them have extra money to buy at the bottom? Basically, they are fully invested and can’t move at all, so what can you use to buy at the bottom?
All the position data of retail investors are placed on the desk of the market maker. With such a long period of volatility, few people can control their positions and not get on the train. Basically, all the bullets have been fired at around 60,000.
After all, Trump has shown goodwill to the cryptocurrency community, and the future looks so bright.
This time the golden pit is prepared for the dealer to enter the market. You can look at the current price of U, which is 7.5.
Big funds are rushing in to buy at the bottom. If they don't, given today's panic sentiment, a stampede by retail investors would probably drive the price of Bitcoin down to around 45,000.
Therefore, everyone should enter the market with confidence at this time. Bitcoin at 48,000 is simply too attractive, and Ethereum at 2,100 is something you have never even dreamed of.
I even feel that it will be difficult for the market to go lower than this. With the release of panic about the economic crisis and the Federal Reserve's subsequent adoption of corresponding strategies to rescue the market, the market should usher in a retaliatory rebound.
3，
I’m still slapping my thighs. When Bitcoin surged to 48,000, I actually fell asleep and missed it…
If you miss this location, it will be difficult to encounter it again.
Of course, according to the current panic in the market, everyone must think that the market may once again reach the beginning of 4 or even around 41,000.
This situation reminds me of the lowest point of the last bear market. When FTX crashed continuously and Bitcoin fell to 15,000, it also allowed everyone to identify the information and enter the market boldly, but many people said that Bitcoin would fall to 8,000...
Then you missed the entire bull market.
Now the market has reached this stage of rapid decline. At this time, I hope everyone will follow Thirteen's strategy to buy at the bottom. If you really have no funds, just lie low.
When the market rebounds, remember to clear some of your positions and don’t keep them fully invested.
Of course, I dare not say that the market will not continue to fall. I can only say that at the end of the year, there will be no problem for Bitcoin to reach 70,000 to 80,000.
4，
What everyone is most worried about now is that 312 will happen again.
When we were buying at the bottom, we found that this was not the bottom, there were still eighteen levels of hell behind it.
What should we do if big investors continue to maliciously sell off and crash the market tomorrow?
What we hold is spot goods, what are you afraid of?
There is no need to worry at all. The market will return to its normal level sooner or later, and the old target of more than 100,000 will remain unchanged.
The more extreme the market conditions, the more wealth will be reshuffled. According to the original rules, it is actually difficult for us to get bigger opportunities. Only in extreme market conditions will there be greater opportunities.
The bottoms and tops of any trend are the impulsive actions of a few Sabie traders.
They are usually weak-willed leeks.
In the current market situation, I believe that everyone is reluctant to sell their chips, because the market has already hit rock bottom and it is usually extremely painful to cut losses.
So, don’t think too much. What you hold are mainstream currencies such as Bitcoin and Ethereum, which are valuable projects that have stood the test of time.
The most extreme case is to wait for another round of bull and bear markets, and you can still make money then.
Just an example, this situation is unlikely to happen.
If the capital market continues to plummet tomorrow, the Federal Reserve’s rescue policy will definitely be introduced, and the market will rise as much as it fell.
There is a lot of junk information now, telling you frantically that the bear market is coming and if you don’t escape, your losses will be back to zero.
Everyone should try to avoid being involved in this kind of cause and effect.
Today's plunge has created countless tragic stories in the cryptocurrency circle. Some people's assets have been reduced to zero, and some are heavily in debt...
It's really tragic.
I believe everyone can now understand why I said not to borrow money for investment.
I hope everyone can learn from today's plunge and be more cautious about risks.
The sound investment methodology is summarized after experiencing multiple rounds of bull and bear markets. Many people have scoffed at it before, but what about now?
Finally, the bull market is still there, it’s a small scene, don’t panic~
