I originally planned to talk about the impact of ETFs on Bitcoin last night, but in the evening Bitcoin plummeted. I may not be surprised by the old leek, but I am still quite uncomfortable with whether the main position is a copycat or a new leek. . So I temporarily held a live broadcast at Binance Plaza at 10 o'clock last night to talk to everyone about follow-up strategies. In this case of a sudden correction in the bull market, there is not much that can be done, because all good strategies are done in advance, such as taking profits in stages, placing high orders for shipments in advance, etc. Now this kind of waterfall falls , what we can do is to be more aggressive in the bull market and not to be thrown off. In order to prevent the correction from taking too long, we can use short-selling hedging, or use low-level pins to rebound, choose to change positions according to the decline of the held currency, and do not frequently buy bottoms, etc. wait. After this wave of correction, when the real bull market comes, the prices of currencies with concepts, technological innovations, and traffic will climb to another peak. Tracks such as Ai, Gamefi, storage, and DEFI are likely to see a blowout. Generally speaking, the trend of Bitcoin is still good at the beginning of 2024. Compared with the previous bear market, the new leeks entering this bear market are relatively happy, because this time Bitcoin is harder than last time, but It is also more fun to play. From the highest point of this bull market, Bitcoin has corrected by about 77%. In the last bear market, Bitcoin has corrected by about 85%. Don’t underestimate this less than 10% drop, because it has more Such a drop is enough to put many well-known companies in trouble, on the verge of bankruptcy, and lose their faith! I still remember that in 2018, I bought Bitcoin at the bottom near 6000U many times. After Bitcoin verified that 6000U was an iron bottom several times, it fell to 6000U for the last time. I entered with all the profits and overweight positions, and the result was that Bitcoin went all the way. It went down and fell to around 3000U. That year was really difficult! I saw with my own eyes that my friends who were playing with me quit the circle one by one. Some were so rich in debt that they couldn’t bear it anymore, some were depressed and lost their faith, and some were afraid of quantum computers. In short, after a long time, there is always a reason that suits you. It’s really hard to stick to it after you leave! When Bitcoin dropped to around 3000U, and Ethereum dropped to around 80U, I wanted to buy the bottom, but firstly I didn’t have much money, and secondly, I didn’t have enough faith. Then all kinds of news about Bitcoin’s death were flying all over the sky, which was quite confusing. What it represents is that quantum computers and digital fiat currencies in various countries will kill Bitcoin.Although I knew that these were not very possible, I was definitely worried. I hesitated for a long time, and after the market recovered slightly, I finally took some money to enter the market again. The picture below is the circle of friends I posted after buying the bottom! After entering the market, it experienced a big correction again, especially some copycats. After falling almost to zero, they were also shocked by 30%. That would really make you feel desperate! The trend in the picture below is unbearable to anyone. We often say that cutting flesh with a dull knife makes people uncomfortable. The picture below shows a sharp knife and a dull knife cutting together. But fortunately, buying the bottom can be regarded as buying before dawn. Binance is like a ray of dawn, directly illuminating the bear market and warming the entire suffering currency circle. In the last deep bear, Binance took the lead in blowing the horn of counterattack. , this is also one of the important reasons why I love Binance. As the Binance platform currency ecology goes out of the circle, major exchanges follow up, the market begins to pick up, and I, who lost too much blood in the bear market, are gradually recovering. Immediately afterwards, everyone's view of the market began to change from bearish to bullish, institutions began to make trouble, and new leek gradually entered the market. With the advent of halving, the craziest bull market in the currency circle began. After that, DEFI, NFT, Gamefi, MeMe and others have successfully emerged from the circle, injecting innovation and vitality into the market, providing more playability. Giants or leaders in traditional industries such as Grayscale and Musk also brought capital into the group. The currency circle is very lively, and the currency price is also Thriving! According to the rules of the previous bull-bear switching, roughly the bull market starts after halving, the bull market lasts for about a year, and the rest of the time is a bear market. Generally speaking, the bull market is short and the bear market is long! Of course, black swan events cannot be ruled out before the halving, such as the 312 and 313 events! In January this year, the Bitcoin ETF also entered a new stage. This ETF has actually been in the works for a long time, and the soup has been changed without changing the medicine. This time, it is very likely that it will continue to be muddied, refused to pass, and then continue to drag on. Of course, there are currently many People are optimistic that the ETF will pass, but no, a wave of news that the Bitcoin ETF failed to pass in the evening directly hit Bitcoin and brought down the market. As an old currency person who has experienced several bulls and bears of Bitcoin, I think these impacts on Bitcoin are actually not big. Their impacts are generally short-lived. Only the impact of halving on Bitcoin is real. Yes, since the last Bitcoin halving, it is expected that Bitcoin will be halved on April 25, 2024. After the halving, it means that it will be more difficult for the maintainers who maintain the Bitcoin network to obtain Bitcoins. The cost will increase exponentially. In this case, miners will be even more reluctant to sell Bitcoin. Due to the halving of Bitcoin, the selling pressure on Bitcoin in the market will also be reduced to a certain extent, which will easily cause the price of Bitcoin to rise. , thereby achieving a relative balance.This article does not constitute any investment opinions and suggestions, and there are risks in the currency circle! That’s all for today. If you want to interact, you can go to Binance Live to find me.

$BAKE Seeing it rising recently, are you excited? Once you rush in, and then encounter a decline, do you feel uncomfortable?This is a problem that many retail investors will encounter. They are not good at buying high, as they are afraid that the market will pull back as soon as they enter the market. They are not good at buying low, as they are afraid of buying at the top of the mountain. So what should we do when we encounter a hot currency like $BAKE ?First of all, we need to understand why $Bake is rising. Can the reason for its rise have a greater probability of supporting your continued rise after you buy it? If you think so, you can buy it. Since you are not planning in advance, you need to plan your position according to the increase of the currency you want to chase. If you think it is a one-time deal, then walk away decisively and don't touch it, you can even go short!

Recently, almost everyone in the currency circle has been making inscriptions, and Ordi has been rising again and again. After the market value reaches more than one billion dollars, the car will be heavier, and it will be increasingly difficult to continue to make money. When Inscription is becoming popular, many platforms also want to participate. Those who act first enjoy life first, and Sol enjoys the dividends of Inscription. However, there are still some that have just begun to be deployed, such as the Bake platform. A few days ago, the Bake coin soared and doubled. However, in the past few days, it has been falling. It has been on the decline list for several days in a row. The doubled increase will almost be eaten up. So will the Bake coin rise? To talk about bake coins, we must first start with the emergence of Uniswap. The last bull market started with DeFi. The emergence of DeFi promoted the innovation of traditional Cex trading rules and Cex exchanges. Exchanges such as Binance also laid out their plans at this time. Dex has greatly improved the exchange platform ecology and price. The emergence of Dex allows investors to participate more in the primary market, preventing project owners from being severely cut off by the huge currency listing fees of some exchanges, resulting in weak follow-up and investors being easily trapped. Many advantages of Dex make up for the shortcomings of the previous Cex exchange. Together with various airdrops of Dex, it has ignited a group of investors who are pursuing instant wealth. The first thing Binance launched was the BSC chain, and the best on this chain was the Cake and Bake platforms. I also participated in Binance’s first DeFi project back then. The price of BNB was around 20U at that time, and I bought a lot of it. After participating in the first DeFi project with several thousand BNB, I didn’t feel smooth or rich, so I didn’t pay too much attention to it. However, because I didn’t believe that Binance could work, I made a lot less money. First of all, due to the development of the BSC chain and various ecological empowerments, the price of BNB quickly rushed to more than 100U. However, I sold it around 30U. , because the price of 30U is really good for me, and more than 100U is simply unimaginable, even a bit dreamy. The first DeFi project also airdropped coins worth more than a dozen BNB to the address I participated in, and then Cake and Bake skyrocketed. First of all, I didn’t roll wool in bulk, and secondly, I didn’t buy the very cheap Cake and Bake. I paid attention to Bake back then. Friends who are familiar with me should know that I have said many times that how to select value coins and potential coins on Binance is to filter through trading pairs, Usdt>Bnb>Btc>Eth, my apprentice Through my method, I selected Bake, which was very cheap at the time, about 0.There is one around 02U. Since Bake is a seed project, he only has BNB trading pairs, so it is difficult for friends who don’t know about it to find him. Bake’s currency has risen to a maximum of around 8u, a total increase of about 500 times. Its development can be said to be closely related to the bull market, BNB ecology and the development of the BSC chain, and is indispensable. At that time, there were several popular projects on Bake. The first ones were Doggycoin and DoggyNFT (dog card). At that time, Doggy reached a maximum of about 0.1U, and many early purchasers made a lot of money. There is also a project on Bake, Raca (he originally made music, but later made games) and his game mother box. The growth rate of this project is even more amazing, at least 500 times. All the friends who played with me at the time were I participated in Raca’s Ido with me. Unfortunately, I didn’t get it because of poor internet connection, but some of my friends who played with me got it. After making a profit, I left them alone. The remaining coins are in Raca. After the sharp rise, another big profit was made. There is also a small episode in the middle. Before Raca’s skyrocketing price, my mother took the platform, and a number of European and American superstars also followed. At that time, the Raca project team found Kol from various regions to bring goods, and they also found me at that time. I watched all the PPTs. However, due to some other personal reasons, the cooperation was not reached, resulting in missed opportunities to make big profits. After talking about the past life, let’s talk about Bake’s current life. In recent months, Bake’s platform has been active. First, it is intensive marketing on Twitter. Second, he rescued his son Doggy from a half-dead state. The rescue was divided into three steps. First, The first step migrated Doggycoin and DoggyNFT from the BSC chain to the ETH chain. The unmigrated Doggycoin became Doggyclassic and was completely owned by the community, while the unmigrated DoggyNFT was basically equal to zero. The second step added hundreds of dollars to the Doggycoin pool. ETH supports the liquidity of Doggycoin and provides a new way to play DoggyNFT, which is also a major selling point of the Bake platform. In order to solve the problem of weak liquidity in the existing NFT market and the need to wait for others to buy, the Bake platform tokenized DoggyNFT. In fact, NFT is also a virtual currency, but its non-homogeneity makes it different from the virtual currency of the market. The currency is different, so it circulates through the NFT platform rather than through the exchange.However, the Bake platform’s approach is equivalent to the disguised homogenization of non-homogeneous NFTs. Firstly, it can solve the NFT circulation problem. Secondly, in view of the reality of low market value of existing NFTs, if the Bake platform can later trade BDoggyNFT coins Therefore, the increase in market value is very worth looking forward to. The disadvantage of this is that the essence of NFT is that each one is unique, which will make the value of rare NFT unable to be reflected. However, DoggyNFT can also be traded on Opensea, and the possibility of burning rare NFT in exchange for BDoggyNFT becomes less likely. The probability of Opensea trading is greater, while the probability of floor DoggyNFT burning is relatively high. Maybe this is innovation, but also a regression. We leave this to the market to test. There have been a lot of actions on the Bake platform recently. In addition to several Lunchpad projects, a new Brc20 project of 1Cats has recently been launched. The current Bake platform almost includes Dex multi-chain interaction, Gamefi, NFT, Brc20 inscriptions, etc., and is becoming an integrated Comprehensive progress. At present, the recent IDO project can still be tested. In view of the previous history of the Bake platform, the possibility of making money from this 1Cats project is relatively high. Bake coins have also been in the Seed section of Binance. Can it be used for He is the legitimate son of Binance and is crucial to the development of the Bake platform ecosystem. Under the trend of rapid development in the currency circle, if there is only growth, without innovation and good ecological layout, you will definitely not go far. It will be a matter of time before you are abandoned by capital. I will also update the follow-up news about Bake simultaneously, please everyone Lots of support. This article does not constitute any investment advice. The market is risky, so be cautious when investing!