Is Trump dead? Or has Satoshi Nakamoto resurrected? What happened, only God knows. Changes in the capital market are more sensitive than a woman's G-spot; no one really knows the true reason. The various reasons you see online are basically just imagined outcomes by others. Finding reasons has always been the work of analysts; we're here in the crypto space to make money, not just to talk nonsense. Looking at the responses from the 'big shots', they mostly talk about the Federal Reserve, the US economy, the US elections... such outdated clichés, reminiscent of analysts in institutions who speak eloquently but have never actually traded. As a seasoned player in the crypto space for 9 years, let me talk to you today about what truly controls the rise and fall of Bitcoin. Is it various data, charts, and policies, or is there something else going on?
I've said it a thousand times: the rise and fall of Bitcoin mainly depends on the mood of the market makers. The so-called macro data has an impact, but it's not absolute. Don't believe it? Then go find a project company, work a job, even if it's cleaning the women's restroom, you can understand the truth. Of course, as the cryptocurrency market is dominated by the US, the price trends are increasingly correlated with the US stock market. Those who say non-farm data has no impact basically haven't even entered the field and know even less about economics and finance. Non-farm data affects the Federal Reserve's interest rate meetings, which in turn affects borrowing rates, and institutional borrowing rates directly influence market liquidity. When rates are low, institutions can buy various financial assets (including Bitcoin) at a lower cost, causing a certain degree of increase. As the cryptocurrency market becomes more like the US stock market, this influence is constantly rising. Of course, trying to judge trades based on these macro factors is nonsense. Because you don't know when institutional money enters the market, and you don't know which coin their money goes into. Furthermore, a coin sometimes has more than one market maker, some are bullish and some are bearish; how do you judge? For traders, macro data is just one indicator and cannot be the sole decision-making information. There are various factors affecting the market: the Federal Reserve, retail investor sentiment, project team mood, etc. So what is the most important factor?
Answer: The boss's mood. That's right, in the crypto space, due to the project teams having high control, there are no chaotic laws or regulations. If the project team wants to rise, it rises; if it wants to fall, it falls—it's that smooth. As for those so-called crypto analysts online, they are essentially fraudsters. If they really had skills, would they need to come online to take trades for commissions? Alright, let's assume they actually spend all night listening under the project team's bed, the question arises: can you relay this kind of news to yourself? Impossible. The crypto market is a zero-sum game; what you lose is what I gain. If there were insider news, even the wife and kids wouldn't tell, let alone strangers online. Therefore, just wash it off and sleep. Any idea of wanting to profit through predicting the industry, in my opinion, is extremely naïve and is essentially self-deception. So how should one make money in the crypto space? Pay attention, I hope this helps you. I'm Brother Rui, I've been in the crypto space for 15 years, and I like to speak some truths. If it helps, feel free to like and follow.
