王哥爱吃香菜
抱团取暖，专注于币圈一、二级市场。关注公众号：王哥爱吃香菜
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Recently, I found that many people do not understand the leverage figures.
I opened a 100x leverage figure, but the actual position is less than 1 times the full position.
Some people think that a 100x leverage order means opening a 100x leverage.
This is a wrong understanding, and it is easy to be deceived by the KOL who shouts orders.
Because no matter whether the market is long or short, he can send you an order at any time,
and the yield is more than ten times or dozens of times.
I have seen a KOL open a position of less than 10U before,
and the yield is more than ten times, but the yield is only 10U.
Take 100U margin as an example. If you set the leverage to 100X,
then the funds you can call are 10,000. You have 100 margin,
and the exchange "lends" you 9,900. If you go long or short,
directly fill the position value of 10,000, then the fluctuation is about 0.7%,
your position will be liquidated, 100 margin, the exchange gives the counterparty.
But you can choose, with 10,000 available funds,
you can open 1U (position value 1% of your position),
or open 10U (position value 10% of your position),
or open 100U (position value 100% of your position, that is, 1 times)
or open 1000U (position value 1000% of your position, that is, 10 times)
So many KOLs who post orders to cut leeks
can take out 100X leverage orders for you at any time,
and the rate of return is x000%, hundreds or thousands of times,
newbies are easily fooled.
Except for BTC ETH, which meet the standards and cannot open 1U,
many altcoins can open 1U positions,
counting 400 spot pairs and 350 altcoins,
each adjusts the leverage to 100X, and then each opens 1U,
and the margin is put into 1000U, then basically there will be no liquidation,
then the order of the latter one will be issued if it rises.
#美国以太坊现货ETF开始交易 #比特币大会
Spread the basic knowledge to prevent more novices from being deceived.
I opened a 100x leverage figure, but the actual position is less than 1 times the full position.
Some people think that a 100x leverage order means opening a 100x leverage.
This is a wrong understanding, and it is easy to be deceived by the KOL who shouts orders.
Because no matter whether the market is long or short, he can send you an order at any time,
and the yield is more than ten times or dozens of times.
I have seen a KOL open a position of less than 10U before,
and the yield is more than ten times, but the yield is only 10U.
Take 100U margin as an example. If you set the leverage to 100X,
then the funds you can call are 10,000. You have 100 margin,
and the exchange "lends" you 9,900. If you go long or short,
directly fill the position value of 10,000, then the fluctuation is about 0.7%,
your position will be liquidated, 100 margin, the exchange gives the counterparty.
But you can choose, with 10,000 available funds,
you can open 1U (position value 1% of your position),
or open 10U (position value 10% of your position),
or open 100U (position value 100% of your position, that is, 1 times)
or open 1000U (position value 1000% of your position, that is, 10 times)
So many KOLs who post orders to cut leeks
can take out 100X leverage orders for you at any time,
and the rate of return is x000%, hundreds or thousands of times,
newbies are easily fooled.
Except for BTC ETH, which meet the standards and cannot open 1U,
many altcoins can open 1U positions,
counting 400 spot pairs and 350 altcoins,
each adjusts the leverage to 100X, and then each opens 1U,
and the margin is put into 1000U, then basically there will be no liquidation,
then the order of the latter one will be issued if it rises.
#美国以太坊现货ETF开始交易 #比特币大会
Spread the basic knowledge to prevent more novices from being deceived.
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Will there be another sharp drop after the production cut? Many people will miss the last bull market.
In 2022, when it plummeted to 15,000, many people were waiting for 8,000 and 10,000.
In the middle of 2023, when it plummeted to 25,000, many people were waiting for 15,000 and 20,000.
At the end of 2023, when it plummeted to 38,600, many people were waiting for 35,000 and 30,000.
When it fell to 59,000 this time, some people might still wait for 55,000 and 40,000.
The bull market is over halfway, and the market really doesn’t have many opportunities for everyone.
Before this production cut, even if I expected the market to fall, I made some risk hedging and controlled positions. But the reappearance of 312, after a month of continuous decline, it fell like this again, which was indeed beyond expectations. After all, it is a bull market now.
But if you encounter opportunities like 413 and 414, you should still grab them. For people who have good position control, it is rare for a bull market to have such opportunities.
I have already said this in my previous article: Shanzhai reappeared on March 12, the currency circle was bloodbathed again, and the market was about to change.
But I feel that this opportunity is basically the same as the previous two times. There are still many people who will reverse the operation and make mistakes to cut losses.
I dare to say that 90% of retail investors who enter this circle are impatient and are not prepared.
I told many people before that they should control their positions, always have a clear cup mentality, have a Shanzhai profit-taking strategy, and dare to sell without fear of selling out. But in fact, from their attitude when chatting with me, I know that they will still fill their positions during the rise and are reluctant to sell at all, and then start panic cutting after the plunge, instead of buying at the bottom.
Opportunities, I rarely talk about them, this time is probably the third time in this round.
Still emphasize position management. Many people asked me when the previous surge, why did I not fill my positions even though I knew it was a bull market?
Now I know that every time there is a plunge, I wake up from a dream.
The first lesson that the uncle taught Abao was called "losing money": he bought electric vacuum stocks for 6,000 yuan and lost half of it in a week, and told him "the principle of the Empire State Building".
Only when you climb high will you have the risk of diving.
On the first and second floors, there is no need to consider such risks at all, so when the 413 and 414 crashes occurred, entering the market at this time would not kill you.
Today, the production cuts have ended, and it will be another 4 years before the next production cut. Before that, there will be at least 2 years of bear market.
Time is really running out. There may not be another correction, but the opportunities will only get fewer and fewer.
In the plunge a few days ago, some people thought that the bull market had ended and regarded 73,000 as the peak of this round of bull market. Is this reasonable?
I think it's nonsense.
First of all, after the production cut, data from all parties show that the mining cost of Bitcoin is between 40,000 and 50,000. This shutdown price determines that only when Bitcoin is maintained at 55,000 or even above 60,000 can miners have considerable profits.
Secondly, is it reasonable to hype the slowdown of interest rate cuts and interest rate hikes? Is it possible? I think everything is possible, but one fact that cannot be changed is that the interest rate hike is nearing its end and the interest rate cut cycle is about to come. As long as the cycle is right, all kinds of delays, harsh words, and hawkishness, I think they are all strategies of some people, so the cycle is far from over.
Furthermore, two things worth noting this week: the US stock market fell, but the market did not follow; the Bitcoin amplitude decreased, and the cottage began to suck blood (it can also be seen as a bottoming rebound) and rise.
Jiaoliuqun+V: 2758624303 I think both of these points are favorable.
From the perspective of the big cake, it is never too late to buy. From the perspective of the cottage, it is best for the big cake to go sideways, and the cottage will make up for the rise. On the 20th, this was the view.
So, will there be a sharp drop after the production cut?
On the surface, both the 312 and this sharp drop have external causes, but in fact, they are more planned and premeditated by the dog dealers, the wash before the bull market, and the leverage removal action.
Two months after BlackRock and other capitals entered the market, the bull market is over?
No matter how sufficient the reason is, I will not believe it.
I also remind everyone that before coming to the currency circle, you should be prepared to arm yourself and strengthen yourself. When it rises, don't forget the risks, and when it falls, don't be afraid that it may be an opportunity. #比特币减半 #大盘走势
In 2022, when it plummeted to 15,000, many people were waiting for 8,000 and 10,000.
In the middle of 2023, when it plummeted to 25,000, many people were waiting for 15,000 and 20,000.
At the end of 2023, when it plummeted to 38,600, many people were waiting for 35,000 and 30,000.
When it fell to 59,000 this time, some people might still wait for 55,000 and 40,000.
The bull market is over halfway, and the market really doesn’t have many opportunities for everyone.
Before this production cut, even if I expected the market to fall, I made some risk hedging and controlled positions. But the reappearance of 312, after a month of continuous decline, it fell like this again, which was indeed beyond expectations. After all, it is a bull market now.
But if you encounter opportunities like 413 and 414, you should still grab them. For people who have good position control, it is rare for a bull market to have such opportunities.
I have already said this in my previous article: Shanzhai reappeared on March 12, the currency circle was bloodbathed again, and the market was about to change.
But I feel that this opportunity is basically the same as the previous two times. There are still many people who will reverse the operation and make mistakes to cut losses.
I dare to say that 90% of retail investors who enter this circle are impatient and are not prepared.
I told many people before that they should control their positions, always have a clear cup mentality, have a Shanzhai profit-taking strategy, and dare to sell without fear of selling out. But in fact, from their attitude when chatting with me, I know that they will still fill their positions during the rise and are reluctant to sell at all, and then start panic cutting after the plunge, instead of buying at the bottom.
Opportunities, I rarely talk about them, this time is probably the third time in this round.
Still emphasize position management. Many people asked me when the previous surge, why did I not fill my positions even though I knew it was a bull market?
Now I know that every time there is a plunge, I wake up from a dream.
The first lesson that the uncle taught Abao was called "losing money": he bought electric vacuum stocks for 6,000 yuan and lost half of it in a week, and told him "the principle of the Empire State Building".
Only when you climb high will you have the risk of diving.
On the first and second floors, there is no need to consider such risks at all, so when the 413 and 414 crashes occurred, entering the market at this time would not kill you.
Today, the production cuts have ended, and it will be another 4 years before the next production cut. Before that, there will be at least 2 years of bear market.
Time is really running out. There may not be another correction, but the opportunities will only get fewer and fewer.
In the plunge a few days ago, some people thought that the bull market had ended and regarded 73,000 as the peak of this round of bull market. Is this reasonable?
I think it's nonsense.
First of all, after the production cut, data from all parties show that the mining cost of Bitcoin is between 40,000 and 50,000. This shutdown price determines that only when Bitcoin is maintained at 55,000 or even above 60,000 can miners have considerable profits.
Secondly, is it reasonable to hype the slowdown of interest rate cuts and interest rate hikes? Is it possible? I think everything is possible, but one fact that cannot be changed is that the interest rate hike is nearing its end and the interest rate cut cycle is about to come. As long as the cycle is right, all kinds of delays, harsh words, and hawkishness, I think they are all strategies of some people, so the cycle is far from over.
Furthermore, two things worth noting this week: the US stock market fell, but the market did not follow; the Bitcoin amplitude decreased, and the cottage began to suck blood (it can also be seen as a bottoming rebound) and rise.
Jiaoliuqun+V: 2758624303 I think both of these points are favorable.
From the perspective of the big cake, it is never too late to buy. From the perspective of the cottage, it is best for the big cake to go sideways, and the cottage will make up for the rise. On the 20th, this was the view.
So, will there be a sharp drop after the production cut?
On the surface, both the 312 and this sharp drop have external causes, but in fact, they are more planned and premeditated by the dog dealers, the wash before the bull market, and the leverage removal action.
Two months after BlackRock and other capitals entered the market, the bull market is over?
No matter how sufficient the reason is, I will not believe it.
I also remind everyone that before coming to the currency circle, you should be prepared to arm yourself and strengthen yourself. When it rises, don't forget the risks, and when it falls, don't be afraid that it may be an opportunity. #比特币减半 #大盘走势
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Hook has recently collaborated with Ton Sui, and there should be a big market movement soon!
Hook is a token carefully selected by CZ during his tenure, and it belongs to the education sector like EDU. Currently, the education sector has not yet exploded, and at a price around 0.42, it can be a good buy! Prepare in advance.
Hook is a token carefully selected by CZ during his tenure, and it belongs to the education sector like EDU. Currently, the education sector has not yet exploded, and at a price around 0.42, it can be a good buy! Prepare in advance.
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Cz has made an exciting proposal: to fully leverage the combination of blockchain and AI, and to develop more innovative applications within the BSC ecosystem! He calls on developers to participate together and join hands to create a powerful AI data processing ecosystem.
It is worth noting that Bel, as the first Launchpool project, will inject new vitality into this ecosystem. At the same time, AI products are also about to welcome a wave of significant upgrades, providing users with smarter and more convenient services. All of this undoubtedly fills us with anticipation for the future!
In the BSC ecosystem, Bel is not just a project, but a pioneer leading us into the AI era. As an investor, seizing this opportunity is undoubtedly an excellent chance to position oneself in the future AI field. Come and join us to witness the exciting journey of BSC's first AI project rising!
It is worth noting that Bel, as the first Launchpool project, will inject new vitality into this ecosystem. At the same time, AI products are also about to welcome a wave of significant upgrades, providing users with smarter and more convenient services. All of this undoubtedly fills us with anticipation for the future!
In the BSC ecosystem, Bel is not just a project, but a pioneer leading us into the AI era. As an investor, seizing this opportunity is undoubtedly an excellent chance to position oneself in the future AI field. Come and join us to witness the exciting journey of BSC's first AI project rising!
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Bitcoin surges to $96,999, infinitely close to $100,000, one coin, one villa; why are some people still losing money?
Bitcoin reached $96,999, just a step away from $100,000.
One coin, one villa; this once fantasy has ultimately become a reality, albeit a small villa, a low-end villa, but it can be considered basically achieved.
Sadly, most people have already handed over their coins.
Having risen to this extent, something interesting happened.
1. The contract dragon slayers (short sellers) keep getting liquidated, continuously adding margin until they reach zero. This is what I repeatedly mentioned in my previous articles as 'beware of short squeezes', especially with Bitcoin.
2. Altcoins continue to decline; Bitcoin is seriously draining liquidity.
One coin, one villa; this once fantasy has ultimately become a reality, albeit a small villa, a low-end villa, but it can be considered basically achieved.
Sadly, most people have already handed over their coins.
Having risen to this extent, something interesting happened.
1. The contract dragon slayers (short sellers) keep getting liquidated, continuously adding margin until they reach zero. This is what I repeatedly mentioned in my previous articles as 'beware of short squeezes', especially with Bitcoin.
2. Altcoins continue to decline; Bitcoin is seriously draining liquidity.
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A leek will not turn into a rose just because it is planted in a garden. 1 BTC = $100,000, 1 BTC = 1 BTC
A few days ago, someone mentioned a term 'turkey scientist' in the comments.
Imagine there is a turkey living on a farm. Every morning, the farmer comes to feed it. This turkey is a clever 'turkey scientist', and it has been observing this phenomenon for a long time, say 100 days. So, this turkey concluded through observation, recording, and induction, a scientific law: 'Every morning, I will be fed, this is an unchanging law.'
Moreover, as time goes by, it becomes more and more convinced of this law, because its evidence (being fed every day) is continuously increasing. However, on the 101st day, the eve of Thanksgiving, what the farmer brought was not food, but a slaughter knife. At this moment, the turkey scientist's law was completely overturned.
Imagine there is a turkey living on a farm. Every morning, the farmer comes to feed it. This turkey is a clever 'turkey scientist', and it has been observing this phenomenon for a long time, say 100 days. So, this turkey concluded through observation, recording, and induction, a scientific law: 'Every morning, I will be fed, this is an unchanging law.'
Moreover, as time goes by, it becomes more and more convinced of this law, because its evidence (being fed every day) is continuously increasing. However, on the 101st day, the eve of Thanksgiving, what the farmer brought was not food, but a slaughter knife. At this moment, the turkey scientist's law was completely overturned.
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Bitcoin hits $93,899, setting a new all-time high!
On the 19th, Bitcoin hit a new all-time high, reaching $93,844, up more than 3% in 24 hours.
In the past ten days, Bitcoin has been fluctuating sideways. Judging from the K-line trend of Bitcoin alone, it is still difficult to see a sharp downward trend.
Two possibilities are predicted:
1. Before November 28, it may hit a new high of 95850 and then start to retreat. If it hits a new high before November 28, the altcoin will also rush upward, so be careful to reduce your position.
2. It will pull back before November 30 to below 86,000. This is a very likely position. If it pulls back to this position, it can be regarded as an opportunity for copycat bottom fishing in the short term.
In the past ten days, Bitcoin has been fluctuating sideways. Judging from the K-line trend of Bitcoin alone, it is still difficult to see a sharp downward trend.
Two possibilities are predicted:
1. Before November 28, it may hit a new high of 95850 and then start to retreat. If it hits a new high before November 28, the altcoin will also rush upward, so be careful to reduce your position.
2. It will pull back before November 30 to below 86,000. This is a very likely position. If it pulls back to this position, it can be regarded as an opportunity for copycat bottom fishing in the short term.
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OceansGallerie: Innovative SUI public chain, a perfect combination of creativity and benefits
Driven by the Web3 wave, the SUI ecosystem is developing rapidly, attracting more and more users and developers. To further promote the development of the SUI ecosystem, OceansGallerie has launched multiple rounds of airdrops to bring rich rewards to the community. This airdrop event not only brings precious benefits to SUI ecosystem users, but also reflects OceansGallerie's firm support for the development of the Web3 ecosystem. Participants will have the opportunity to obtain rich rewards through multiple rounds of airdrops and deepen their experience of the SUI ecosystem.
The following is a summary and detailed explanation of this airdrop event, so that more friends who want to understand the project and participate in the event will not get lost.
The following is a summary and detailed explanation of this airdrop event, so that more friends who want to understand the project and participate in the event will not get lost.
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Bitcoin surged to 90,000, rising nearly 10,000 in one night.
Bitcoin real-time price: 88,900
Yesterday afternoon, Bitcoin briefly pulled back to nearly 80,000, causing some panic, but it started to surge again in the evening, reaching 89,530 this morning, getting very close to 90,000.
Ten days ago, many people thought Bitcoin would rise to 70,000 in the short term or touch the previous high of 73,000. When Bitcoin broke through 75,000, I thought it was highly likely to be a short squeeze, and touching 80,000 would begin a period of consolidation.
However, no one expected that Bitcoin would rise from 68,000 to 90,000 in just one week.
From a technical perspective, looking at Bitcoin on the daily chart, it has seen two consecutive days of increased volume. It is difficult for it to drop directly from this position; at most, it will consolidate sideways. However, regardless of how it consolidates, it is hard for the bears to gain significant profits. According to the habits of the market makers, as long as there is a short squeeze and the top appears during the day, it is highly likely that this top is a false top, and there will be a second breakout.
Yesterday afternoon, Bitcoin briefly pulled back to nearly 80,000, causing some panic, but it started to surge again in the evening, reaching 89,530 this morning, getting very close to 90,000.
Ten days ago, many people thought Bitcoin would rise to 70,000 in the short term or touch the previous high of 73,000. When Bitcoin broke through 75,000, I thought it was highly likely to be a short squeeze, and touching 80,000 would begin a period of consolidation.
However, no one expected that Bitcoin would rise from 68,000 to 90,000 in just one week.
From a technical perspective, looking at Bitcoin on the daily chart, it has seen two consecutive days of increased volume. It is difficult for it to drop directly from this position; at most, it will consolidate sideways. However, regardless of how it consolidates, it is hard for the bears to gain significant profits. According to the habits of the market makers, as long as there is a short squeeze and the top appears during the day, it is highly likely that this top is a false top, and there will be a second breakout.
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In the "Dog Market" trend, where is the extreme point for dogs?
Dogecoin is once again leading the market, and the sentiment is driven by the news that "Elon Musk is a dog." The initial target is still around 0.24, and if it goes crazy, it could reach 0.3. The previous resistance at this level is a bit heavy, so breaking through it is still somewhat difficult.
DOGE 0.24 is within my understanding, while above 0.3 is the limit of my perception.
Our market should not be defined by bulls and bears; it should be called the dog market. Shiba Inu is about to break through important resistance levels, and in the future, it will be a "Tibetan Mastiff." In the coming months, we will usher in the era of the "Tibetan Mastiff," as it has absorbed enough capital to become the next big black dog, and breaking historical highs is not out of the question! SK65586
Dogecoin is once again leading the market, and the sentiment is driven by the news that "Elon Musk is a dog." The initial target is still around 0.24, and if it goes crazy, it could reach 0.3. The previous resistance at this level is a bit heavy, so breaking through it is still somewhat difficult.
DOGE 0.24 is within my understanding, while above 0.3 is the limit of my perception.
Our market should not be defined by bulls and bears; it should be called the dog market. Shiba Inu is about to break through important resistance levels, and in the future, it will be a "Tibetan Mastiff." In the coming months, we will usher in the era of the "Tibetan Mastiff," as it has absorbed enough capital to become the next big black dog, and breaking historical highs is not out of the question! SK65586
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Trump's Victory, Bitcoin Breaks 76000, Some Things You Need to Know.
Trump has won, Bitcoin's real-time price: 75191.
On the day after Trump's victory, Bitcoin surged past $76,000, and many altcoins have already pulled back to pre-decline levels.
Monday Article: 美国大选如何影响比特币（BTC）走势？
The predictions in it have mostly been validated; Bitcoin only had one retracement, and the opportunity was only that one time it fell below $67,000 on Tuesday.
The media's excessive promotion of 'Harris winning' now seems to be a conspiracy as Wang Ge said; she really has no reason to win.
Many news reports from the US are laying the groundwork for finance, we should keep this in mind, so I have always said, the higher Harris jumps, the harder it may be to come down.
On the day after Trump's victory, Bitcoin surged past $76,000, and many altcoins have already pulled back to pre-decline levels.
Monday Article: 美国大选如何影响比特币（BTC）走势？
The predictions in it have mostly been validated; Bitcoin only had one retracement, and the opportunity was only that one time it fell below $67,000 on Tuesday.
The media's excessive promotion of 'Harris winning' now seems to be a conspiracy as Wang Ge said; she really has no reason to win.
Many news reports from the US are laying the groundwork for finance, we should keep this in mind, so I have always said, the higher Harris jumps, the harder it may be to come down.
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How the U.S. Elections Affect Bitcoin (BTC) Trends?
Current Bitcoin price: $68,767.
From a technical perspective, Bitcoin tested a low near $67,500 yesterday, and there is a rebound today. It is very likely that it will not break through $71,000 in the coming days, as funds tend to be conservative during such sensitive moments.
The trend of altcoins, viewed over the past six months, shows a half-bull, half-bear pattern, with continuous declines at the beginning of each month and strong rebounds in the middle of the month. However, overall positions are too low, with some even dropping to levels seen during the 2022 bear market, such as DOT.
This trend has never appeared in past bull markets, and Bitcoin is moving further away from altcoins.
Thus, in cryptocurrency, large funds can only trust Bitcoin; other altcoins are only suitable for speculative play.
From a technical perspective, Bitcoin tested a low near $67,500 yesterday, and there is a rebound today. It is very likely that it will not break through $71,000 in the coming days, as funds tend to be conservative during such sensitive moments.
The trend of altcoins, viewed over the past six months, shows a half-bull, half-bear pattern, with continuous declines at the beginning of each month and strong rebounds in the middle of the month. However, overall positions are too low, with some even dropping to levels seen during the 2022 bear market, such as DOT.
This trend has never appeared in past bull markets, and Bitcoin is moving further away from altcoins.
Thus, in cryptocurrency, large funds can only trust Bitcoin; other altcoins are only suitable for speculative play.
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25 years ago, what is worth buying series (fresh and hot)
The market has started to reverse recently, and Bitcoin has almost reached a new high. It is currently hovering around 72,000, ready to break through the previous high at any time. Once it breaks through 73,000 this time, it will be unimpeded, and 100,000 will not be a very distant thing. Combined with the general environment where money is being released all over the world, it is very easy for money to flow into the relatively easy-to-enter currency circle, so the overall market is definitely bullish.
And when I was making a strategy for small currencies, I would compare these projects and found that they didn’t actually have big fluctuations, but Bitcoin represented that the overall market was indeed rising. Based on past experience, Bitcoin was the clarion call for every bull market, followed by Ethereum, and then the altcoins, so this wave may be the last chance to increase positions before the bull market.
And when I was making a strategy for small currencies, I would compare these projects and found that they didn’t actually have big fluctuations, but Bitcoin represented that the overall market was indeed rising. Based on past experience, Bitcoin was the clarion call for every bull market, followed by Ethereum, and then the altcoins, so this wave may be the last chance to increase positions before the bull market.
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Bitcoin breaks 71,000, the SOL sector is strong again; does ETH still have a chance?
The recent expectation is that Bitcoin will break past the previous high before the election at the beginning of next month; today, Bitcoin has already surpassed $71,000, making its fourth attempt at an all-time high.
The market conditions of these days deviate from expectations; Bitcoin did not continue to decline after the technical indicators broke.
Meanwhile, with Bitcoin rising before today, most altcoins, except for a few, are relatively sluggish, with some even breaking new lows in nearly a month.
Regarding the situation with altcoins, I have thought about it. So in the last two articles, I reminded everyone: when there’s a pullback, first consider Bitcoin; be cautious with altcoins.
The market conditions of these days deviate from expectations; Bitcoin did not continue to decline after the technical indicators broke.
Meanwhile, with Bitcoin rising before today, most altcoins, except for a few, are relatively sluggish, with some even breaking new lows in nearly a month.
Regarding the situation with altcoins, I have thought about it. So in the last two articles, I reminded everyone: when there’s a pullback, first consider Bitcoin; be cautious with altcoins.
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US Federal Agencies Allegedly Investigating Tether for Anti-Money Laundering, Dog Traders are Cheating Again.
The Bitcoin trend is quite normal. In recent days, even when encountering sudden situations, it quickly rebounds after a dip. In fact, the entire bull market trend is reasonable; the only unreasonable aspect is the altcoin trend, which can be discussed later regarding specific reasons.
This correction did not reach the estimated $64,000-$65,000 from a couple of days ago, and it may be difficult to reverse back to that position. Time does not support a significant correction unless an accident occurs.
Bitcoin rebounded twice today, breaking through 68,000; the performance of altcoins cannot be considered good overall, only stable. During the first breakthrough, there were slight increases, but when Bitcoin corrected, altcoins overreacted.
This correction did not reach the estimated $64,000-$65,000 from a couple of days ago, and it may be difficult to reverse back to that position. Time does not support a significant correction unless an accident occurs.
Bitcoin rebounded twice today, breaking through 68,000; the performance of altcoins cannot be considered good overall, only stable. During the first breakthrough, there were slight increases, but when Bitcoin corrected, altcoins overreacted.
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Why is Ethereum not rising? Why has ETH performed so poorly against BTC this year?
Recently, BTC has broken through the downward channel, rising from around 60k to 67-69k, and is about to break upward. However, ETH has been fluctuating sideways since August. The sideways movement is really extraordinary.
At the end of August, I wrote an article on the life dilemma of Ethereum (ETH) on August 27, 2024, in which I put a chart of the exchange rate trend of ETH/BTC. At that time, it had fallen below the key psychological level of 0.05, but was still above 0.04. Now it has effectively fallen below 0.04 and has reached the "3-digit" level.
Since the end of 2022, which is the bottom of the most recent bear market that just passed, ETH/BTC has been falling all the way, from close to 0.08 (which is actually a performance close to the peak of the bull market at the end of 2021), to now below 0.04, almost halved.
At the end of August, I wrote an article on the life dilemma of Ethereum (ETH) on August 27, 2024, in which I put a chart of the exchange rate trend of ETH/BTC. At that time, it had fallen below the key psychological level of 0.05, but was still above 0.04. Now it has effectively fallen below 0.04 and has reached the "3-digit" level.
Since the end of 2022, which is the bottom of the most recent bear market that just passed, ETH/BTC has been falling all the way, from close to 0.08 (which is actually a performance close to the peak of the bull market at the end of 2021), to now below 0.04, almost halved.
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The US Treasury Department's crackdown on Tether is just a means of false reality
Withered vines, old trees, crows, small bridge, flowing water, and people's homes.
A thin horse rides on the ancient road in the west wind, the sun sets in the west, and a heartbroken man stands on the cliff.
Perhaps the mood of this short order is a true reflection of the mood of most cryptocurrency holders right now. After waiting for so long for BTC to return to 69,000, altcoins are experiencing another mid-level wash-out. What’s even more shocking is that this wash-out is accompanied by sanctions against Tether by the U.S. Treasury Department.
Speaking of USDT, it has a long history. After a major cleanup of domestic exchanges in 2017, transactions were switched from CNY to USDT. In the meantime, USDT has experienced fluctuations of more than 20% from a stable currency several times, but in the end they were all harmless and never collapsed.
A thin horse rides on the ancient road in the west wind, the sun sets in the west, and a heartbroken man stands on the cliff.
Perhaps the mood of this short order is a true reflection of the mood of most cryptocurrency holders right now. After waiting for so long for BTC to return to 69,000, altcoins are experiencing another mid-level wash-out. What’s even more shocking is that this wash-out is accompanied by sanctions against Tether by the U.S. Treasury Department.
Speaking of USDT, it has a long history. After a major cleanup of domestic exchanges in 2017, transactions were switched from CNY to USDT. In the meantime, USDT has experienced fluctuations of more than 20% from a stable currency several times, but in the end they were all harmless and never collapsed.
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Niu Niu Niu! Race with the dog village and defeat yourself!
The cryptocurrency world requires ideas and formulas. The more things you have in your mind, the smaller the chance of losing money and the easier it is to make money.
In the final analysis, we cannot change the cryptocurrency world, but we can defeat ourselves. Today’s article has a lot of words, and it is also some operations and experiences that I think are somewhat useful.
Over the years, I have paid a lot of tuition fees in the cryptocurrency circle, but I have gained more experience. Generally speaking, the gains outweigh the losses.
Found a truth:
Any investment must be a race against time, a battle of wits and courage with the dog dealer, a race to see who can run faster, and it must be relatively reasonable. However, not all assets need to run faster. There are very few investments that have a very long bull market cycle, which may even last for ten years or a hundred years. These assets will continue to appreciate, and will only wash the dishes intermittently, but the overall value will still be higher and higher.
In the final analysis, we cannot change the cryptocurrency world, but we can defeat ourselves. Today’s article has a lot of words, and it is also some operations and experiences that I think are somewhat useful.
Over the years, I have paid a lot of tuition fees in the cryptocurrency circle, but I have gained more experience. Generally speaking, the gains outweigh the losses.
Found a truth:
Any investment must be a race against time, a battle of wits and courage with the dog dealer, a race to see who can run faster, and it must be relatively reasonable. However, not all assets need to run faster. There are very few investments that have a very long bull market cycle, which may even last for ten years or a hundred years. These assets will continue to appreciate, and will only wash the dishes intermittently, but the overall value will still be higher and higher.
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When the big trend arrives, this position still has 10 times the space; it is just waiting for the big trend. As long as the momentum doesn't come, it won't reach. When it does arrive, it's not a problem for it to surge above 10, just like the past Litecoin. Many people are asking about it, so it's suggested to have a bit of patience. #FIL/USDT
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Yuga Labs officially launched a blockchain based on Ethereum, called ApeChain. The company also launched ApeChain's cross-chain bridge Ape Portal, allowing users to easily realize cross-chain transactions. A piece of news caused the rise. To play this kind of currency, you must pay attention to a "way", which is very principled and involves many, many issues. If you want to participate, your first principle must be whether you can accept a 40% loss. You can choose 500 or 1000, at least you can afford to lose.
Many people still don't understand this, so let's get to the point: there will definitely be a follow-up, and the profit margin is 200%-300%. Therefore, the overall strategy is to accept a 40% loss as a prerequisite, and to withstand a 200%-300% profit as a later issue. A gentleman only makes a limited share of funds and never lets these affect the overall layout. #APE暴涨 #BTC要挑战7W大关了吗？
Many people still don't understand this, so let's get to the point: there will definitely be a follow-up, and the profit margin is 200%-300%. Therefore, the overall strategy is to accept a 40% loss as a prerequisite, and to withstand a 200%-300% profit as a later issue. A gentleman only makes a limited share of funds and never lets these affect the overall layout. #APE暴涨 #BTC要挑战7W大关了吗？