After more than 10 years of cryptocurrency trading, I have summarized my experience: If newcomers want to make money in the cryptocurrency circle, the following 10 suggestions are worth collecting!
1. When you first enter the cryptocurrency circle, don’t rush for success. Before making money, spend time learning the basics. Only by having a clear understanding of concepts such as exchanges, cross-chain assets, and blockchain can you avoid blindly following the trend and increase your chances of making money. 2. The information in the cryptocurrency circle is complex, so don’t trust others easily. Everyone has their own opinions and positions, and scammers can be found everywhere. Instead of blindly believing what others say, it is better to step on the pits more often, practice diligently, and gradually find out your own investment logic. 3. The choice of circle is crucial. High-quality circles can provide valuable information and opinions, which can help you understand the dynamics of the cryptocurrency circle more deeply. However, circles that chat and post profit screenshots may only lead you into meaningless arguments and the illusion of false prosperity.
Why are most people in the cryptocurrency circle not suitable for contracts?
From the failure example of my friend in the cryptocurrency circle, a Beijing man who played contracts and was liquidated n times and owed 60 million yuan, his wife and children left him, and he sold his two houses in Chaoyang 3rd Ring Road in Beijing, I can tell you why most people in the cryptocurrency circle are not suitable for contracts!
The risk of cryptocurrency contracts is extremely high, far exceeding ordinary investment, and it is almost a road of no return. Contracts are only suitable for a small number of investors with professional knowledge and resources. The following are four reasons why most people should not get involved in contracts:
Risk amplification: The cryptocurrency circle itself fluctuates violently, and contract trading multiplies the risk. Once involved, the risk is close to 100%. Market manipulation: Many people mistakenly believe that contract trading is fair, but exchanges may actually use a large number of chips to manipulate the market, causing investors to blow up their positions.
Human weakness: Contract trading amplifies the temptation of income, easily stimulates greed in human nature, causes investors to indulge in it, and may eventually fall into tragedy. Strong professionalism: Contracts require a lot of professional knowledge and professional data, and there are many quantitative institutions in the cryptocurrency circle that are doing contracts.
They have big data, the smartest people in the world, and are more likely to collude with exchanges privately to cut leeks together. So they can survive in the cryptocurrency circle by doing contracts. Most people are ordinary people, and their financial knowledge, resource management capabilities, cash reserves, etc. are actually insignificant. We cannot enjoy some resources of the core layer of the cryptocurrency circle. Therefore, doing contracts is basically a dead end. Even though I have said so much, there are still many people who will try contracts.
Is it time to enter the cryptocurrency market and buy at the bottom? How to operate long-term and short-term? A must-read for beginners
Multiple analyses point out that the cryptocurrency market is currently in a good opportunity to buy at the bottom. Specifically for 2024, there are several key factors that are considered a good time to buy the bottom: 1. Bitcoin production reduction In April 2024, Bitcoin will usher in its once-in-four-year production cut, which is generally seen as a signal that the market is starting a new round of cyclical bull market. 2. The Fed’s interest rate hike cycle is coming to an end It is expected that the interest rate cut cycle will begin in September, which will inject more funds into the cryptocurrency circle and is expected to trigger a new round of bull market.
3. Greed Fear Index 20, indicating extreme panic The range of the Fear and Greed Index is 0~100. The closer the value is to 0, the more fearful the investor sentiment in the market is.
Two uneventful days passed over the weekend. In fact, the price did not change much and was still fluctuating above 57,000. This week, non-farm payrolls and unemployment rate data will be released in the macro aspect. This data is actually quite important. Whether it is a recession-type rate cut or a defensive rate cut depends on the data at the beginning of this month, which will also affect the extent of the rate cut. It should be cut, and it is mainly a matter of extent and cycle. On August 30, the Bitcoin ETF had a net outflow of 175 million US dollars, and the Ethereum ETF had zero transactions. It is not known whether the data has not been updated.
I can say that I have used 80% of the methods and techniques in the market. If you want to make cryptocurrency trading your second job and use it to support your family, sometimes you can listen more and watch more, and you will find some things beyond your cognition, which can at least save you 5 years of detours!
How to judge whether a currency has formed a breakthrough? You can start from the four aspects of volume, price, time and space:
1. Volume: Before the troops move, the food and grass must go first. The initial volume increase in the formation of the trend is an indispensable link, especially the first volume increase after a long period of sideways trading, which requires our focus. However, this is not the best entry point. Generally, after the trial market callback and the main force washing the market, the second volume increase is our real opportunity;
2. Price: Generally look at the closing price. No matter how ups and downs the process is, if the closing price can be stable, it means that the main force is serious! This is the key to distinguishing true and false breakthroughs. In summary, if the closing price can be above the pressure level, the probability of a true breakthrough is greatly increased;
3. Time: Before the breakthrough occurs, the price should have experienced a long period of time. The time of shrinking sideways trading should be more than 3 months, and the concentration of chips should be less than 10%. Only in this way can the main force of the currency absorb chips fully, and the subsequent pull-up will have stronger explosive power;
4. Short: Find the key pressure point. The pressure point here may be the starting and falling position of the previous large-volume adjustment, or it may be the W bottom, the neckline position of the head and shoulders bottom, or the integer level of the currency price. As long as the pressure point is clear, once the currency price breaks through, the room for increase can be easily measured;
The above 4 dimensions are the basis for judging the sideways breakthrough. In order to deepen everyone's understanding, I decided to share with you some of the currency trading notes I wrote in my own handwriting and treasured for many years. Each summary condenses the essence of my countless days and nights of review. Giving roses to others will leave a lingering fragrance on your hands. Share dry goods from time to time! Like, follow and forward are the greatest support!
Suppose you have 10 friends, and each of them borrowed 100 yuan to buy candy. Suddenly, one day they found that borrowing money became more expensive, and they could only borrow 50 yuan to buy candy. However, some of them still believed that the price of candy would rise, so although they borrowed less money, they still bought candy. Others saw that they were still buying candy, and began to think that the price of candy would continue to rise. As a result, everyone started buying candy again, causing the price of candy to really rise.
This is a situation in the current crypto market: although money has become more expensive, some big players are still present, and their actions have led others to follow suit, which may trigger a new round of price increases.
If you can understand it, it means that you have surpassed most of the rookies
BTC's decline is for a better rise. When will DOGS enter the market? PIZZA's 100-fold opportunity is here.
AI sector stops profit in batches
This week's focus Nvidia's financial report will be released on Wednesday. If it falls sharply, the AI sector in the currency circle will also fall. Remember to stop profit
PCE data will be released on Friday. It is positive if it is lower than expected, and negative if it is higher than expected. BTC may fall again
Big cake fell as expected, and the risk was released. It will rise again after sorting out. Yesterday, it was said that the 4-hour level of big cake is downward, and it needs to fall to release the risk.
If it continues to fall sideways, it is very dangerous, just like the spring that is pulled up needs to be retracted. It takes a lot of force to force it to hold the state of pulling up. Once it can't be pulled, it will hurt people when it shrinks back.
The decline and callback are also for a better rise.
French President Macron said: The founder of Telegram was arrested due to judicial investigation and there was no political motivation involved.
Telegram founder Durov was arrested in France, and the founder is Russian, which seems to have become politically correct.
Russian official Mizulina believes the United States was behind the arrest. Durov’s arrest was part of a crackdown on Toncoin circulating on Telegram. She said that in this way, the United States will continue its sanctions policy.
After Durov was arrested, TON fell by more than 20%, and also fell out of the top ten in market capitalization. The total locked-up volume on the TON chain also fell by more than 50%, indicating that institutions have serious risk aversion.
Is there still hope for the TON ecosystem? I think TON has relatively high short-term risks. If you have a weak risk tolerance, it is recommended to come out and observe first.
But its mid- to long-term fundamentals are still there, and the traffic entrance to the Telegram platform will not disappear for the time being. It will be interesting to see how Telegram’s founder resolves its legal issues in the future.
This time TON and NOT prices fell sharply, mainly because of market manipulation and panic. Some people are taking advantage of the negative news about the arrest of TG’s founder to conduct market manipulation.
In addition, this drop occurred over the weekend, and market liquidity was very poor, which amplified panic and further affected currency prices.
There are very complicated political factors behind the arrest of Durov, the founder of Telegram.
Although Durov is the spokesperson of Telegram, his current management rights are relatively limited.
90% of retail investors have no chance of a bull market.
Web3, blockchain, and cryptocurrency investment
30% died in contracts, 30% died in short-term trading
20% were local dog counterfeit, and 10% died of unknown causes
All the harvests were completed in the bear market.
If it fell by 10%, I would immediately sell my stocks, and I would never believe that there is a bull market in the cryptocurrency market.
If it rose by 10%, I would start to doubt whether the bull market is coming again?
After repeated changes, I suddenly found that my money was less and my coins were gone.
What to do?
At this time, I started to push various soft articles about naked loans, wealth freedom through the cryptocurrency market, and a chance to become a millionaire.
At first, you would think it was fake, and after pushing it too much, suddenly one day, you began to doubt whether it was true? After being unable to resist the temptation, you started the road of leveraged contracts.
The ending is undoubtedly... heavily in debt.
Still a bull market? The bull didn't come, but the people were ruined first.
I am neither human nor ghost all day, thinking about how to pay off my debts? Don't want to go to work, can't sleep, can't eat, and still have the mood to wait for the bull market?
Most retail investors have been cheated of all their chips by the dealers before the bull market. Through short-term contracts, primary markets, various local dogs, quantitative trading, etc., with the cooperation of various KOLs, you will be left with nothing.
And most retail investors are still unaware. Like, comment, collect them every day, and secretly burn incense when you have the chance.
Pavel Durov arrested in connection with 12 crimes including cybercrime against "cryptonomy" services
According to a statement released by the Paris Judicial Court, Telegram CEO Pavel Durov has been arrested as part of a large-scale cybercrime investigation and faces charges including providing unauthorized "cryptonomy" services and tools.
The statement said: "Pavel Durov, founder and CEO of the instant messaging platform Telegram, was arrested on Saturday, August 24, 2024 at Le Bourget Airport in the suburbs of Paris and was detained by the police at 8 pm.
The move was implemented in the context of a judicial investigation that began on July 8, 2024, following a preliminary investigation launched by the Cybercrime Unit of the Paris Public Prosecutor's Office. The judicial investigation is based on the charge of providing cryptography services and tools".
Several other charges are listed in the document, including conspiracy to "possess pornographic images of minors" and "money laundering for the illegal proceeds of criminal organizations".
Durov is being questioned as part of the cybercrime investigation.
The Paris Public Prosecutor's Office in France said that the case of Durov, the founder of "Telegram", under investigation involves 12 crimes, most of which are cybercrimes. It was previously reported that French authorities could detain Pavel Durov until August 28.
Cryptocurrency information summary on August 27: More than half of TON funds have been withdrawn, is this ecosystem still viable?
There was a slight correction in the crypto market today, with Bitcoin falling back to $63,000 and Ethereum falling back to $2,680.
The overall decline of altcoins was around 5%, among which HNT and AKT performed the strongest, rising against the trend by more than 10%. Binance officially launched the DOGS project yesterday. It was similar to what we expected. After DOSG was launched, the selling pressure was relatively large. It is currently fluctuating at 0.0012 US dollars, with a 24-hour drop of more than 30%. The transaction volume of the BNB chain has been very large recently, even surpassing the Solana chain at one point. Although there are no particularly outstanding projects on the BNB chain yet, the market heat is shifting to the BNB chain, so you can pay attention to it.
Why do people say that the cryptocurrency bull market is coming?
Following the breakout on lower timeframes, Polkadot is consolidating in a falling wedge pattern on the daily timeframe. Polkadot [DOT] broke through the $5.0 price level but was immediately rejected. This price action on the 4-hour timeframe highlights DOT’s struggle at this critical resistance point. The $2.5 to $4 range is a psychological level that acts as both daily and weekly resistance. The DOT/USDT pair is currently rising within a parallel channel.
At press time, DOT is up 10.54% on the week. Despite the appearance of a bearish engulfing candle, signaling a possible reversal, the overall market sentiment towards altcoins remains bullish.
Is $Ton a good buy now? The golden age of the cryptocurrency world is coming! Which 20-50x high-quality tokens should you pay attention to?
As a new week begins, the trend remains bullish! Bitcoin was so powerful over the weekend. After Powell's dovish remarks, it directly broke through the resistance of the 61,000-62,000 range and reached above 65,000. At present, confidence at the market level has been rekindled. BTC has broken through the rebound pressure level of -62,000, which is a strong performance. Whether you bought in the pullback last week or bought more when it just broke through, you can continue to hold it patiently with a stop loss. If the price falls back but does not break the rising trend line, it will continue to rebound, but it needs to stand firmly above 67,000 to confirm that the trend has reversed.
Binance is also panicking. The market sentiment is not high and it starts to pull up Heyue. In the short term, it is all small-cap currencies. It can be bought in the short term, but according to the growth rate list, it will soon wither.
The secret behind the TON ecosystem’s ever-growing popularity On August 21, 2024, with the official announcement of Binance Launchpool, the new meme currency DOGS on the TON chain will be launched on Binance, the world's largest cryptocurrency exchange. Since the launch of the DOGS project, The number of users surged in just one month. According to the latest data, the number of subscribers of the DOGS community on Telegram has exceeded 16 million. This huge user base not only demonstrates its own attractiveness, but also injects strong impetus into the continued popularity of the TON ecosystem.
Looking back at the history of the TON ecosystem, one can’t help but think of Notcoin, which also made waves in the industry not long ago. Both projects gained astonishing market attention in a very short period of time
The success of DOGS and Notcoin demonstrates the rapid rise of meme projects in the TON ecosystem. The two have significant similarities in many aspects.
First of all, both projects rely on Telegram’s huge user base and TON’s technical support, and have gained widespread attention from the beginning. Through the rapid spread of social networks and viral marketing strategies, both DOGS and Notcoin have accumulated millions of users in a short period of time. For example, DOGS attracted more than 16 million Telegram subscribers in one month, a rate rarely seen in cryptocurrency history. Notcoin also successfully attracted 20 million users within 26 days of its launch, demonstrating its strong market appeal.
Sun is a very interesting coin. It is an early coin of Sun Ze. It is auspicious for it. Big players are copying it. Sun Ze will naturally not miss this opportunity. It is estimated that it will go to meme. Everything is ready, only the east wind is missing. So this year, Sun will have a large wave of actions, and it will also reduce the adoption fee of Tronmeme. It is expected to continue to be beneficial.
Next, I will only talk about the core, important Mi Ma!
Regarding the copycat market Yesterday, Binance contracts will launch ALPACA 1-75 times USDT perpetual contracts. Recently, Binance has been making markets through contracts. The market has begun to look for investment targets with low market value and unlisted contracts, such as data, etc., which have all seen a lot of gains. In addition to the Binance ecosystem, there is also the Bitcoin ecosystem. For example, STX will be upgraded in two days, which is undoubtedly a good thing. The old DEFI and the previous articles on the public chain have all mentioned it.
The unlimited meme model is already approaching the end of the law era Sun Ge's sunpumpmeme is still the absolute traffic core. Sun Ge bluntly said that there will be a meme with a market value of billions on TRON, and then the four meme on the $Bnb chain will replace it Then base $avax $apt $ftm $matic and other pump imitations are also eyeing it We have seen the following plot in the DEFI era, NFT era, and inscription era. Everyone rushed into PVP, and the funds were dispersed in large quantities, causing the market value of the Golden Dog to rise from 1m to 100k and then to 10k, and then the story ended. If there is no new narrative later, then the market funds will definitely flow back to the mainstream currency This is also why I have been asking everyone to pay more attention to the head projects in the mainstream public chain, DEFI, Rwa, AI and other tracks recently, because the funds will flow back quickly, meme The bubble will eventually burst. In addition, as players of each chain will only play the ecological projects of the public chain they hold, it will be difficult for an absolutely unified large-scale narrative to come out later. Facing this kind of market, my suggestion is to invest according to the strength of the public chain. From the energy level, it must be BTC ETH SOL BASE TON TRON BNB, and then others. So in the end, you still have to choose the strong track leader of the strong energy level public chain, the inscription and rune leader of the Bitcoin ecosystem, the DEFI leader of the Ethereum ecosystem, the gamefi leader of the $Ton ecosystem, etc.
"Sun Ge's Death Scythe" Hello everyone, I would like to talk about the two currencies of Brother Sun that have become popular in the past two days, #SUN and #trxi
Recently, due to the popularity of the Black Myth Wukong, our Sun Gao has also experienced a wave of traffic and changed his avatar to the protagonist Sun Wukong. I have to say that Sun Gao's trading techniques are indeed amazing .
So why is it said to be Sun Gao's death sickle? In fact, everyone basically knows about Sun Gao's conspiracy. You know I am the one pulling the strings, but there are always people who think they will run away immediately after eating the meat.
Let’s take a look at the market situation SUN experienced a significant surge from the 0.017000 area to the 0.023050 area, indicating positive sentiment. Even the recent pullback near 0.021000 failed to break the key support area of 0.020000. To continue bearish, SUN must break above the 0.021500 level and settle below 0.020500. Otherwise, the bullish outlook remains. #美国CPI数据连续第4个月回落 #美联储何时降息? #币安Web3钱包
BSW spot daily trading volume exceeds 20 million. If the online contract is not over, it will rise by 50% in two days, ranking first and advancing rapidly.
Today, Ethereum is rising faster than Bitcoin. In addition, large investors are driving small coins to enter contracts, resulting in 50% of small coins on the daily increase list. On the other hand, Bitcoin and Bitcoin have been fluctuating at the bottom. The market has no narrative hype and wants to return to the Ethereum foundation. It has impacted around 2650 three times. The funds behind are obviously insufficient, and the main bearish view is. #BTC☀ #ETH🔥🔥🔥🔥