Everyone has heard too many stories of getting rich in the cryptocurrency circle and entered this circle. Now, many people have lost more than half of their money from March to now, and many people are on the way to recovering their investment. The recent market has not had much response, with frequent spikes and shocks. Some friends with a bad mentality have already cut their losses and are waiting and watching, hoping that there will be a big drop before and after the interest rate cut to recover their investment. I think this idea is very good. There is always a chance to be short than to be full. Even if the price of Bitcoin breaks 73,000 US dollars this month, you still have a chance to get on the train with an empty position. After being in this market for so long, almost all those with a good mentality have been cut numb. For the market trend, they are almost short-term after recovering their investment and making a profit. I temporarily sold part of it, but most of the newcomers who have just entered the industry have not figured out the rules of this market. When they see other people's profit charts, they become greedy and think about making more after making profits. I have two views on the current market:
1. In the current market, the opportunity to make money by holding on to a coin is suitable for people who make money in the long term. For those who want to make money in the short term, it is recommended to focus on altcoins. You can sell them with a 10-30% profit and wait for the market to fall before buying them again. There will be more opportunities in the future. You will find that the coins you once favored no longer have big movements. The sector has changed.
2. Most people think that interest rate cuts are an opportunity to turn things around. Not only you, but also old investors and some project parties are waiting for this opportunity, so this opportunity can easily be messed up by the market makers. It is not recommended to buy in full. You can buy 30% of the position before and after the interest rate cut, and continue to buy after a big drop. Don't be blinded by the short-term market. It is recommended to sell half of the position when it rises to 80-100%. Maybe you will say that the previous increase was 10-100 times. I can only say that losing money is just a moment.
