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Playing with altcoins means you have to short them after buying. If they drop, at least there's a hedge. I've already lost 45,000 on the altcoins I bought, and just now I added to my position slightly to catch the bottom. It's really astonishing; meme coins are dropping the hardest, basically worthless things. Once the hype is gone, market sentiment drives the prices. It's better to play less with meme coins. I'm still optimistic about this year; after all, it's a bull market year, and this year is definitely worth looking forward to. I have no faith in meme coins, but I believe in a bull market every four years. It can't just be a bull market for Bitcoin alone. Without the crazy dance of altcoins, who would still trade cryptocurrencies? In every cycle, there are people making money from altcoins. I don't expect to make a lot; just being able to recover my costs and make a slight profit is good enough.
I feel like sleeping. The spot market recovered a bit, and I just shorted at 93000, thinking the rise was too rapid. It initially made a quick profit, breaking through 94000, but after a wave, it dropped, so I quickly closed my position. I had 4 BTC, opening and closing positions, with transaction fees around 400 USDT. I always take market orders directly, resulting in high fees. If there are long-term trading contracts, the boss can collaborate with me! To make big money in contract trading, there are basically two points: 1. Heavy positions: Bet heavily in front of major market movements. I just lost 400 for every 100 rise on my 4 BTC short positions, with a maximum loss of 4000 because it rose by 1000. I held 4… so the risk is high and it's easy to get liquidated. 2. Trend positions: If you have the right trend, don’t close your position. For example, I took profit on my position from the day before yesterday. If you are optimistic about it in the long run, you can hold it and gradually add to your position. When the big trend is right for a long time, profits can be substantial, of course, the larger the position, the more profit. But the main thing is to pay attention to risks, analyze profit drawdowns carefully, and decide whether to exit or continue holding! I’ve been trading cryptocurrencies for almost five years now, and there’s no doubt that the crypto world is a place of disputes. Claims of fraud are actually quite normal; influential people can affect coin prices with a single word. Here, manipulation is rampant and no one regulates it. Some tokens can rise several times in a day, causing short sellers to get liquidated, and then plummet again, killing off more. The crypto market is like an arena; money doesn’t disappear, it only shifts. If you lose money, someone else will naturally profit from it. Moreover, meme coins were all the rage not long ago, and I participated a lot. After the bull market, I lost 60-80%, especially with squirrels, where the losses were severe, and others exchanged your real money for air. I’ve left a lot of meme coins in the spot market, suffering heavy losses!
The bull market signal is very clear, xrp sol ada btc can be bought directly, the US crypto strategic reserve, the market is about to skyrocket! (Here I should also mention, when trading cryptocurrencies, don't trust any indicators, especially those who love to draw lines and give advice, this market can be destroyed by the words of influential people. Just like last time when everyone expected Musk to say something about Dogecoin on television, he directly called Dogecoin a scam that day, and the market collapsed immediately) This time everyone is looking forward to Trump, but he directly said to let crypto be great in America, to become a part of the US strategic reserve, so the indicator traders are less reliable than the information traders. Don't rely on any indicators, not even A-shares are useful, let alone the ever-changing crypto market.
The two positions in front have triggered take profit, and I still have a coin-based Doge, having earned 20,000 Dogecoins, I also closed half. During the big drop, I first bought 2,000 US dollars worth of Dogecoin, going long with coin-based trading, but it kept falling and I got liquidated. Then I bought 2,100 US dollars worth of Dogecoin (basically bottom-fishing) and continued to go long with coin-based trading. Now, I have effectively earned back the Dogecoins I lost in liquidation, and the price of Dogecoin has also risen quite a bit.
Reduce the position a little. This order is really anxious. I don't know how much it can rebound. Today, I also held the order for a while. At around 78400, I boldly added 1.1 bitcoins, 60000 doge, and 6 eth. This wave of rebound is ready to take advantage of the rebound of 4 4h lines, that is, the February monthly line will be closed in the morning. Now I don't want to wait until 8 o'clock.
The reason for the sudden plunge is the decline of US stocks. Before the opening at 10:30, the market also fell to the bottom. After the opening, the US stock index fluctuated for a while, and the Nasdaq rose sharply. The cryptocurrency market also rebounded. It was quite fierce. The US stock market fell and the cryptocurrency market plummeted. There is no way. It has been like this for years. It is difficult to have an independent trend. The market is too fragile. There have been many times when the market has the same frequency and vibration. The US stock market has been rising and rising, and the risk of retracement has always been there. Now we can only hope that it will rebound before the end of the month, otherwise there will be great pressure in March.
The cryptocurrency market has plummeted again, making it hard to sleep, but this is a good time to buy at the bottom. Anyway, the market is giving opportunities. Bitcoin has fallen 20% from its high point, but many altcoins have fallen 70-90%. People holding altcoins have been waiting for the altcoin season, but have been disappointed again and again, and finally despaired! Many people are confused about whether it is a bull market or a bear market. If you can make money, it is a bull market, and if you don’t make money, it is not. This round of presidential elections has opened the curtain of rising prices, but this narrative has long ended. The market’s expectation is the landing policy brought by Trump. At present, no actual bill has been passed, there is no interest rate cut and no large-scale water release, so it is really difficult to have altcoin season. At this moment, Bitcoin is 85700.
This wave first saw a continuous rise for a period of time to let people get on board, and finally, the last wave crashed, bringing the price back to the starting point.
Is the event contract gambling? It's been online for quite a while. Recently, I invested 100, guessing that the price will be higher than the opening price. I chose a time frame of 24 hours. After the countdown ends 24 hours later, if the price is higher than my opening price, I win, similar to a lottery. You get your capital of 100 USDT plus a profit of 85 USDT. If you don't win, you lose your invested capital. Actually, I think there's still a chance over a long period; if I bet on a ten-minute line, I feel it's not much different from gambling on high or low.
Experience this event contract. This is a deviation from the transaction, right? It feels exactly like betting on the size, hahahahahaha. However, you can also guess the size when you are sure, such as if there is a sudden plunge one day and a big needle is inserted (it is better to open a position with a light position for this bet)
Another wave of decline, don't be afraid, you can take another wave. Use low leverage with stop-loss; if you have little money, leverage it to the max (it's recommended to take a gamble with small money, this is the true essence of contracts). Contracts should always involve small amounts; if you get liquidated, you should be able to bear it. Never put all your money in; many people don't know how to trade. Not using stop-loss, stubbornly holding on, once or twice it might work out, but one day it won't, and you'll be completely liquidated. This is human nature; unwilling to cut losses, in the end, it leads to heavy losses.
There are many air coins in the crypto world, and I believe that after losing money, people become aware of air projects. Others exchange air for the real money in your hands, and in the end, you are left holding a depreciating air coin, silently crying. In fact, I knew during the last bull market that air coins would overflow. This time, I still invested in the meme market because when the market is ignited by emotions, everyone rushes in. Every day, someone is making a fortune. The market frenzy has ended, and now it looks like this; many have fallen, and there are several coins in my wallet gradually approaching zero. The other day, I invested in a meme of SOL, and now it’s only worth 0.1 SOL. The current situation of SOL is that a large number of air meme coins are issued daily, with a bunch of newbies here engaging in PVP.
The Ant Warehouse is still there, the highest has not dropped down and there has been no additional position, I am optimistic in the long term, I think the wash is very thorough, back and forth fluctuations, once it breaks through, it will be a continuous rise. Binance has opened a transparent personal page, I clicked to check myself, the spot trading has lost 35,000, so it has also dropped quite a bit, I have several memes that have lost 60%! This wave has really made me numb, I am too lazy to add more.
How many positions did you close in this wave, brothers! It's not that I didn't dare to open more. At that time, I was really blown up and only had more than 100 left. Other spot stocks could not be sold at a loss. I also bottomed out three times in a row before I succeeded. The first two times I exploded 1500, and now I have recovered my investment.
Another wave of tearful bottom fishing, this time I'm completely out of bullets! I feel it's about time, every time a violent bull market starts, it goes through a thorough washout. However, the bull market for altcoins really makes me more and more suspicious. Right now, even a few days of craziness would be satisfying; I don't dare to hope for a couple of months of altcoin frenzy like the last bull market. Back then, the market cap was small, and wherever the money flowed, it skyrocketed. Nowadays, the veterans have all improved, and the newcomers are just chasing trends. I inexplicably ended up on the altcoin bandwagon.