The pullback in the past two days should make people who follow DCA arbitrage silently smile, and they can collect coins at a cheaper price again.

The market does not rise forever. It is very difficult to arbitrage at the high point of the investment market. Maybe you sold it and it rose several percent. Looking at it now, it is not the right decision.

Now is the time to buy DCA again. Slowly wait for the next wave of gains. Don’t cut the meat. Bull market corrections are normal. It’s definitely not something that caused the currency circle to plummet because of the launch of drones. The market will always have a story when the price comes out. Will the price respond after the story is available?

Finally, I have to say cherish your life and stay away from the contract. If your position is liquidated, you won’t get anything back.

This correction is the time to increase your position. Of course, don’t increase your position right away.

Observe the same discipline as DCA, control your cash position, and be able to deal with any situation that arises. Only then can you face the market with a healthier attitude.

The winner is the one who can stand to the end in the investment market

#DCA #hodl

I have read a lot of Binance articles recently, a bunch of scams, every bull market is like this, they are all about making quick money. The news and the media have brought a lot of new people into the cryptocurrency market, but they have not done their homework to study blockchain technology. What causes many people to be scammed

How to avoid being scammed

1. Press any agreement that agrees with the hot wallet
2. Any private message that tells you that the project will definitely make money is a scam.
3. In Gamefi, most of the games with high APY are just killing pigs.
4. Telegram group asking you to invest in junk coins in the primary market

There will definitely be more new scam projects coming out in the bull market.

Blockchain is especially useful for those who want to play in the primary market
It is completely decentralized in Defi. After you transfer the money,
No one can help you get your money back, not even the police.

Don’t invest in projects you are unfamiliar with
Don't trust any private messages
Don't transfer money easily

I hope everyone can make money in this bull market
Stock up on more assets when a bear market comes
Waiting for the next bull market to arrive

Bitcoin has soared, breaking through the previous high. Have you done any arbitrage?

How to maintain a healthy mentality when facing bull market arbitrage

I believe there are many people who have arbitraged some cash at 70,000 or 69,000.

But after the arbitrage, Bitcoin broke through the previous high immediately, and I must feel very uncomfortable.

This is why I think DCA arbitrage in a bull market is more difficult than DCA buying in a bear market.

The reason for the difficulty

Let me share with you some mentalities and how to deal with them

1. Any arbitrage is the right decision, and it is always what you think is best at the time.
Don’t regret your choice

2. We are investing, not speculating. The investment time should be extended over a long period of time. Just like we have been doing DCA from the bear market to the bull market, we can double the income.

3. No investment will rise forever. You need to be patient in a bear market, and even more so in a bull market, because any company needs arbitrage, even BlackRock.

4. Only by always keeping a certain position of cash on hand can you face the coming of different markets. You can also feel more at ease in the investment market and your career will last longer.

There is absolutely nothing wrong with observing disciplined arbitrage

The above encourage each other

Bitcoin has skyrocketed. Do you feel the difficulty of arbitrage?

To make a profit in the market, please stick to your own profit point and don’t feel uncomfortable or regretful because you sold at a lower price.

No one can buy at the highest point. Maybe there will be another surge when selling, but one month or two later, it may fall back to a lower buying point. No one can know what will happen in the future.

Any profit, no matter how much or how little, is a successful transaction in the market.

Those who are always waiting for the highest point will only regret it when the correction or the bear market suddenly arrives.

Observing discipline DCA really takes time to learn

encourage each other

As Bitcoin has skyrocketed in the past few days, many new people have begun to participate. What else is there in the currency circle besides spot contracts?

Old leeks should all know that it is Defi
People who have gone through several rounds of bulls and bears must have experienced Defi summer.
How to enter a truly decentralized world? The first thing is to have a hot wallet
metamask, trust wallet, etc...

In a decentralized world, you can borrow money, play games, etc. The point is, you can get some rewards through these.

There are many tutorials on the Internet. It is very easy to apply for a hot wallet by searching online. This will definitely be a necessary tool in the future currency circle.

Of course, the current Defi environment is still very dangerous and not very safe. There are a lot of scams, so there are now centralized exchanges such as Binance and Coinbase to get through this period.

If you want to experience true decentralization, you can go and do some research.
As long as you don’t put too much money in your wallet, there’s nothing wrong with it

Decentralization will definitely replace centralized exchanges such as banks in the future. This is also the reason why virtual currencies were invented.

I hope that after this bull market, more and more people will understand what the currency circle is.

The legend of getting rich overnight is the most wonderful place in the currency circle
In fact, the odds of this are about the same as buying the lottery.
New 100x coins and 1000x coins often appear in the news
Those opportunities will never be yours

The following points are analyzed for you:

1. First of all, you must understand that these hundred-fold and thousand-fold coins are never blue-chip projects. Most of them are meme coins, which are coins with no fundamentals at all. They are basically garbage. Most of them are first speculated by the project side and then just happen. It was related to a certain current event and then a lot of people got involved with FOMO and started to speculate.
In the end, these people will become a community. When they meet serious project parties, they will continue to develop the ecosystem after receiving funds. Like Dogecoin and Shiba Inu Coin, if they are project parties who just want to make money, they will directly arbitrage, and the currency price will eventually return to zero.

2. Unless you are a person who buys the project in the very early stages before it is listed on the exchange, it will be difficult to make money overnight on it. If you go to a centralized exchange, it is usually when the project party ships the goods. The probability is leek

3. It is very simple to create a new currency. Anyone can go to Google and you will find out. You can create your own currency in less than half an hour. The only thing left is to find ways to speculate in the currency. If a project with a lot of money starts, the currency price will rise a lot. Simply because the market value is very small, just spending a little money can make his currency rise several times immediately. If there are news reports or you spend money to hire industry professionals to start paying attention, retail investors’ funds come in and the project team hypes it, hundreds of times the currency will appear and thousands of times the currency will appear immediately.

4. To buy this kind of currency at the beginning of the project, you usually have to go to a decentralized exchange like uniswap pancakeswap. These exchanges have a bunch of new coins coming out every day. This is why I say it is like buying a lottery. It is very difficult to find a coin worth investing in among so many coins
The transaction costs on decentralized exchanges are higher than those on centralized exchanges. Every transaction requires gas fees, slippage, and low liquidity. This is why so many people prefer to trade on decentralized exchanges.
But if you really want to make a thousand-fold increase, you still have no chance until the project is in the early stages and before it is listed on a large centralized exchange.
Even if you buy this coin, it will rise almost a hundred times. If the liquidity is very low, there is no way to arbitrage it back. This is the most painful thing. You can see it but you can’t eat it.

that's all

As Bitcoin surges again today, more and more people are definitely paying attention to the currency circle.

There is something you must not do in the currency circle

Just watch the news to influence your investment strategy

Let me share with you some reasons

1. Currency trading is open 24 hours a day. When you see the news, the market has already reflected the price. If you go in to chase higher, the probability of becoming a leek is very high.

2. In today's era, anyone can make a video or write an article and it will be regarded as news. Often it may be just a personal opinion or an industry-related project that costs money for a new project. You only need to search on YouTube to see. If suddenly several KOLs start talking about this project or recommending this project, you can probably know whether it is professionally matched with DYOR. The most important thing is not to invest your hard-earned money just because a certain YouTuber said something.

3. The operation of the world's wealth is controlled by several of the world's largest consortiums. The U.S. government is also supported by a bunch of consortiums, not to mention controlling the media. This is a piece of cake for the consortiums. Just tell me one thing when BlackRock is preparing to apply. There have been many brokers who have wanted to apply for spot Bitcoin ETF before but have never been able to get it approved. When BlackRock wanted to participate in Bitcoin, it was approved immediately.
What do you think

4. When institutional consortiums come in, their operations will only increase. With the assets controlled by these large consortiums in the United States, under the current market value of Bitcoin, it is only a matter of whether or not to control the currency price. It is not a matter of whether it can be done. To control the currency price, it is easiest. The way is through public opinion and news

5. In recent weeks, the buying volume of Bitcoin spot ETF has far exceeded the selling volume of Grayscale. Sooner or later, all the Bitcoins in the OTC market will be bought, and then you can only go to the exchange to buy spot. When the price squeezes Bitcoin, it will There will start to be a huge surge. If you want to buy cheap Bitcoins, just create a few panic messages and they can buy the desired amount at a cheap price.

The above suggestions are for all investors in the currency circle.

Some different ways of thinking

What mindset should you use when investing in cryptocurrency?

People who have just entered cryptocurrency usually decide to try it out after looking at its return on investment. It is very important to maintain a good attitude in the currency circle.

1. It is necessary to understand that there is no upper or lower limit for the rise or fall of the currency circle in one day. Anyone who has experienced a bear market will know that it is possible to drop 90% in one day.
If you cannot bear a drop of more than 20% in one day
Then I suggest you consider investing in other projects and stay away from cryptocurrencies.

2. The first thing to achieve is to invest an amount that you can afford to return to zero. Even if the money you invest drops by 90% in a short period of time, it will not have an impact on your life. This way you will not live in pain because of a day's drop. If you invest in High-quality assets will rise back over time.

3. When investing in cryptocurrency, don’t think about making a lot of money in a short period of time. This way, your mentality will be more stable and you won’t cut off the meat at a low point. Extend the time to five or ten years.
The daily increase will less affect the mood. Old leeks who have experienced several rounds of bull and bear must hope that the bear market lasts longer so that they can buy more cryptocurrencies at a lower price. Only when the bull market arrives can the wealth be multiplied several times.

4. Living in a bull market will actually be more painful than living in a bear market. If your mentality has not been adjusted well, when the real bull market comes, the daily increases will be amazing. You will encounter arbitrage and the price will rise again. After each arbitrage, the price will rise again. At this time, your mentality will be unstable. You will feel that you have made less money and you will feel bad every day.
In fact, no one can sell at the highest point. When you set the profit point, you can make a profit. No one knows what will happen in the future. Only those who have lived long in the currency circle are the ones who can really make profits. In cryptocurrency, there will never be a profit. Lack of opportunities

Maintain a good attitude and invest for a better life
If investing makes your life miserable every day, it will lose its meaning.

Let’s talk about DCA. DCA (Dollar Cost Averaging)

1. The first very important thing is to invest in good and excellent assets. Now of course it is Bitcoin.

2. Passive DCA is set to buy every month or every week regardless of market fluctuations. The most important thing is to continue to buy. No matter whether the price is high or low, investing in good assets will make profits for a long time. This should be the most suitable for novices. investment method

The most representative one is of course Michael Saylor of MicroStrategy. He has continued to buy DCA from the high point of the last bull market and has made huge profits now. This shows how powerful DCA is.

3. Active DCA The most important thing is to abide by discipline. When the market falls to the buying point you set, buy or sell. You must spend time studying the market and constantly update it. Set a buying and selling point that you think is suitable. It is more suitable to wallow in the market for a period of time. people

4. The most difficult thing about DCA is not buying at low prices but arbitrage in DCA. At this time, the mentality is very important. We will never sell at the highest point. At that time, the mentality will be very painful. I hope you can adjust your mentality after selling when the price rises and selling when the price rises again.

Long-term profit from investment is important. If you can stay in this market for a long time, you will have won over a lot of people. Even though you didn't sell at the highest point at that time, you can look back as time goes by.
You will still be grateful that you followed the discipline and made stable arbitrage and became a profitable person in the market.

Share your recent feelings. With the passing of Bitcoin spot, the currency circle is starting to heat up.
Recently, a lot of people on Douyin are driving very expensive cars with a bunch of banknotes in their hands.
I started a bunch of group teaching to play contracts and talked about a lot of technical analysis.
Makes you think you can make a lot of money by playing contracts
In fact, very few people can make money on contracts in the long term.

The experience gained in the past few years in the currency circle is that no matter how many lines are drawn in the trading view and how many indicators are used, it cannot compete with Powell's words.

Plus the Federal Reserve time, people in most Asian countries are sleeping.
The contract risk is really high

If joining the group is free, go check it out.

If there is a charge, it is better to save the money and buy spot goods.
Or it would be more practical to invite friends and family out for dinner

Recently, more and more people are getting into cryptocurrency. Some advice for newbies.

1. The first thing to do when entering the currency circle is not your key not your crypto wallet. Buy a cold wallet first. If you don’t hold the currency yourself, the money is not yours.

2. Cherish your life and stay away from contracts. Staying away from contracts will help you live several more years and make your life happier.

3. Just buy Bitcoin without using your brain. Passive DCA. Time is your friend. After a bull and bear cycle, you will find that your wealth has expanded a lot.

4. There is never a shortage of opportunities in the currency circle. Any currency that has skyrocketed several times should never chase higher. When you know the currency, it has already been hyped.

5. DYOR Don’t listen to anyone who says that the currency will explode or buy the currency impulsively. Before the news comes out, smart money has already bought it and just wait for the leek to take over.

Those who can stay in the virtual currency market for a long time are the ones who can really make money.

#DCA #DYOR #hodl