Bitcoin has completely fallen into madness.

Thirteen has been watching it tonight, hoping to witness the historic moment of 100,000.

But now it's back; in a previous article, Thirteen said that reaching 100,000 might not be so easy; there could be a fake move, and then it will retrace to confirm support before breaking through 100,000.

Tonight's atmosphere is too intimidating.

However, wanting to stand at 100,000 in one go will be very difficult; this point is a strong resistance level for Bitcoin, not only technically but also psychologically for investors.

At this position, there are numerous profit takers, and countless investors will start selling their Bitcoins at this time. If calculated from this bear market bottom to now, it’s already a 7x profit, which is enough for this bull market.

Taking profits and waiting for the next bull market is also a good choice.

Today, many fans asked Thirteen whether to take profits; my advice is to sell short-term positions after reaching 100,000 and hold long-term positions. We wait for 120,000, 150,000.

Given the speed of Bitcoin's rise, it should be soon.

However, I have converted all the Bitcoin in Thirteen's hands into long-term positions. I know there will inevitably be a correction in Bitcoin, and the market needs a correction, but I won't sell; I want to wait for a higher price.

Today, Bitcoin's ETF inflow is 796 million, BlackRock has been continuously buying, and Grayscale has also started purchasing. These big players are definitely not here for charity.

I follow their pace, and the problems shouldn't be too big.

Especially when BlackRock's holdings have reached 42 billion dollars, short-term arbitrage has become not so easy; even a slight stir will quickly be known throughout the market.

2,

Ethereum finally launched, and then it fell back.

It's like Bitcoin watching the big brother surge while remaining still, feeling quite embarrassed, making a symbolic move.

From the inflow and outflow of ETFs, it has been flowing out continuously for several days, and this situation is expected to last for some time.

Now the entire stage belongs to Bitcoin; only after the big brother has fully showcased will it be the turn of the second.

This is the rule of the crypto circle.

Therefore, it's still the old rule; Ethereum below 3080 is still a good entry opportunity; everyone should grasp it themselves.

Ethereum's poor performance is mainly due to L2 draining too much capital, and the ecosystem hasn't produced any significant innovations to attract funds.

However, this situation will change completely after Bitcoin finishes rising; funds will prioritize Ethereum.

Regarding Ethereum, there have been many discordant voices in the market.

Although Ethereum seems to be declining now, everyone should remember what Ethereum has brought to the crypto circle: smart contracts, NFTs, DeFi, decentralized storage, etc. Each one can outshine Sol.

However, Sol is currently too hot, and the market speculation is very high, but that doesn't mean it's that impressive.

Thirteen is actually more optimistic about Ethereum's performance in this bull market.

Investing must be done when no one is paying attention; that's how you make money.

3,

Some describe us crypto investors as rats in the sewer in the domestic scene, unseen.

Many friends think so too.

Some even don’t want to use their real names on exchanges for fear of harming their reputation or violating laws.

Every time Thirteen encounters such fans, they tell them seriously that trading coins is not illegal; we live in the sunshine.

Shanghai High Court announced: Virtual currency has property value, and personal possession is not illegal.

As long as we don't issue coins ourselves or engage in U trading, our investment behavior is legal.

However, the current domestic environment is not good; there's a small policy at the top, but at the bottom, everyone is armed.

It's like waving a whip; a light swing leads to escalating effects.

But one thing is for sure, with normal investments, we don't have to worry about legality, which is a reassurance for those timid investors.

Although the investment is legal, it doesn't mean we can do as we please.

The current domestic environment is more about human governance; many times, we are powerless.

So everyone must be careful when entering and exiting funds; don't get involved with dirty money, or there will be risks of frozen accounts.

When choosing merchants, make sure to select those with a long history and high transaction volume.

4,

With the rise in Bitcoin prices, Bitcoin mining business is exceptionally booming.

They promote that mining is equivalent to investing in Bitcoin with a cost of 50,000, so it's all profit.

But how much is a mining machine?

The average price is 50,000 to 60,000.

According to current daily mining income, it's about 65 dollars a day, with an additional 5 dollars for machine management fees and 0.36 per kilowatt-hour for electricity, resulting in a pure daily income of 60 dollars.

You can calculate for yourself how many years it will take to recoup the investment in mining machines.

Moreover, mining machines upgrade very quickly; a mining machine's lifecycle is usually around 3 to 4 years.

Calculating it, investing in mining machines really isn't necessary.

Many bloggers promote Bitcoin mining very beautifully, but the various risks behind it are what you need to bear.

You can't see the mining machines; all you can do is pay money, and the machines are stored in overseas mining farms. Are there really machines?

Is the income you see daily on the app all fake? Is it a Ponzi scheme? Paying you returns with your own principal?

What will you do when the bear market arrives, Bitcoin crashes, and the mining machines face shutdown?

Perhaps you think he is a globally renowned blogger who wouldn't tarnish his reputation for a few mining machines; whether the reputation matters depends on how big the profit is.

A mining machine costs 60,000; if 10,000 people participate, that’s 600 million, a fund amount sufficient for any blogger in the crypto circle to take risks.

Moreover, they will also use professional legal and operational methods to completely absolve themselves of responsibility.

For example, a mining farm catching fire, poor market conditions requiring machines to shut down, upgrading mining machines, etc.

Therefore, in the crypto circle, it's best to invest honestly and legally, without overthinking.

You may think mining machines are a big opportunity, but others might see you as the real opportunity.