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Bearish
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$1000SATS last time proposed sats, after all, it's already been cut, continuing to complain would just make it look even more foolish, especially since holding onto this for so long while underperforming the market and losing a lot of money is already embarrassing enough. Today's drop clearly shows that many retail investors who are long or holding spot can no longer endure it, and are all venting their resentment and curses towards the main force and this coin in the square. From a rational perspective, this could be a signal that we are close to the bottom, after all, even my tendency to take a loss and then see a surge couldn't withstand cutting losses today. Speaking of something else, before buying sats, I was hoping that unisat would release some big move, especially since when it announced that sats would be used as gas for swaps, sats surged. If there were no vested interests, unisat wouldn't use sats as gas, but what I've been waiting for these past few days is its continued improvement of its fractal network cat20, using fb as gas, although it had previously mentioned that gas could be chosen between sats and fb. But it doesn't matter anymore; these project teams choose to list a project to cash out and then move on to the next project to continue raising funds. Domestic projects and domestic manipulators have always been looked down upon. The grand momentum of Meilin and brc420 once made people think that domestic projects had finally risen, but what happened after the listing? It fell all the way down, and people laughed at the 'syphilis chain'. With domestic projects consistently failing to act responsibly and manipulators unwilling to let retail investors profit, according to the principle of reflexivity, it seems we can never shake off the bias against domestic projects, and it will only deepen.
$1000SATS last time proposed sats, after all, it's already been cut, continuing to complain would just make it look even more foolish, especially since holding onto this for so long while underperforming the market and losing a lot of money is already embarrassing enough.
Today's drop clearly shows that many retail investors who are long or holding spot can no longer endure it, and are all venting their resentment and curses towards the main force and this coin in the square. From a rational perspective, this could be a signal that we are close to the bottom, after all, even my tendency to take a loss and then see a surge couldn't withstand cutting losses today.
Speaking of something else, before buying sats, I was hoping that unisat would release some big move, especially since when it announced that sats would be used as gas for swaps, sats surged. If there were no vested interests, unisat wouldn't use sats as gas, but what I've been waiting for these past few days is its continued improvement of its fractal network cat20, using fb as gas, although it had previously mentioned that gas could be chosen between sats and fb. But it doesn't matter anymore; these project teams choose to list a project to cash out and then move on to the next project to continue raising funds.
Domestic projects and domestic manipulators have always been looked down upon. The grand momentum of Meilin and brc420 once made people think that domestic projects had finally risen, but what happened after the listing? It fell all the way down, and people laughed at the 'syphilis chain'.
With domestic projects consistently failing to act responsibly and manipulators unwilling to let retail investors profit, according to the principle of reflexivity, it seems we can never shake off the bias against domestic projects, and it will only deepen.
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$1000SATS has stopped loss at 0.0002694, willing to gamble and accept the loss of 11 points. I can only blame myself for lacking skill and not thinking critically, listening to Twitter influencers switching from pepe to sats, under the reasoning of so-called sector rotation and sufficient adjustment. I personally agreed with this viewpoint, and my reasoning before buying was that meme has been the main tone of the market for the past six months, and the nature of the inscriptions on Binance is also a kind of meme in another sense. Moreover, last year's inscriptions also exploded around October, so I naively thought that with the anniversary approaching, perhaps the funds have memory or those involved with inscriptions would collaborate with unisat to create favorable conditions for profit. Based on my reading of Wyckoff-related books, my mediocre level allowed me to observe the volume and price trends. I noticed that the trading volume had significantly increased relative to the drop in the last six months, and the weekly trading volume began to gradually decrease, thinking that the chips were about collected enough. As a result, after enduring this period of torment from the main force, I surrendered. This kind of malicious trader who refuses to let retail investors profit is disgusting, even if it soars in the future, I would still find holding it very unpleasant. I have no data support, but merely by observation, the retail investors in the Binance square for sats are quite active. Unlike the other squares mostly filled with matrix accounts, where most are trapped and cursing the main traders, there are certainly some smart ones who mock the poster for being foolish and not shorting, claiming that shorting is like picking up money. For such people, they are somewhat clever but not much. Without silly retail investors bottoming out and going long, where does the liquidity for you to profit come from? Moreover, not all retail investors are willing to play contracts.
$1000SATS has stopped loss at 0.0002694, willing to gamble and accept the loss of 11 points. I can only blame myself for lacking skill and not thinking critically, listening to Twitter influencers switching from pepe to sats, under the reasoning of so-called sector rotation and sufficient adjustment. I personally agreed with this viewpoint, and my reasoning before buying was that meme has been the main tone of the market for the past six months, and the nature of the inscriptions on Binance is also a kind of meme in another sense. Moreover, last year's inscriptions also exploded around October, so I naively thought that with the anniversary approaching, perhaps the funds have memory or those involved with inscriptions would collaborate with unisat to create favorable conditions for profit. Based on my reading of Wyckoff-related books, my mediocre level allowed me to observe the volume and price trends. I noticed that the trading volume had significantly increased relative to the drop in the last six months, and the weekly trading volume began to gradually decrease, thinking that the chips were about collected enough. As a result, after enduring this period of torment from the main force, I surrendered. This kind of malicious trader who refuses to let retail investors profit is disgusting, even if it soars in the future, I would still find holding it very unpleasant.
I have no data support, but merely by observation, the retail investors in the Binance square for sats are quite active. Unlike the other squares mostly filled with matrix accounts, where most are trapped and cursing the main traders, there are certainly some smart ones who mock the poster for being foolish and not shorting, claiming that shorting is like picking up money. For such people, they are somewhat clever but not much. Without silly retail investors bottoming out and going long, where does the liquidity for you to profit come from? Moreover, not all retail investors are willing to play contracts.
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$1000SATS has been underperforming $BTC for 9 weeks except for two weeks when it outperformed BTC since it peaked on 8.24. Compared with pepe, except for one week when it was slightly ahead of pepe by about one point, it underperformed $PEPE for the rest of the time. It is worthy of the name of garbage. Stay away from garbage, otherwise you will become unfortunate.
$1000SATS has been underperforming $BTC for 9 weeks except for two weeks when it outperformed BTC since it peaked on 8.24. Compared with pepe, except for one week when it was slightly ahead of pepe by about one point, it underperformed $PEPE for the rest of the time. It is worthy of the name of garbage. Stay away from garbage, otherwise you will become unfortunate.
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$1000SATS This year's altcoins are particularly difficult to play with; when they rise, they may not increase much more than Bitcoin, but when they fall, they drop much faster than Bitcoin. Continuing like this, managing leverage and setting stop-losses while trading BTC is much safer than trading altcoins in the spot market. I have always believed that the existence of altcoins serves the purpose of allowing retail investors who do not trade contracts to earn profits that outperform Bitcoin. However, the current situation is that altcoins only deserve to be shorted.
$1000SATS This year's altcoins are particularly difficult to play with; when they rise, they may not increase much more than Bitcoin, but when they fall, they drop much faster than Bitcoin. Continuing like this, managing leverage and setting stop-losses while trading BTC is much safer than trading altcoins in the spot market.
I have always believed that the existence of altcoins serves the purpose of allowing retail investors who do not trade contracts to earn profits that outperform Bitcoin. However, the current situation is that altcoins only deserve to be shorted.
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$1000SATS talks about sats, let's start with a conclusion: for those who are used to trading in intervals and are technically strong, this coin is a good choice for interval traders. The trading volume is high, and liquidity is decent; there are not many altcoins that maintain an average daily volume of over 20 million dollars for a long time. For those who are not accustomed to trading in intervals and prefer to buy and hold for appreciation, if BTC attempts to break the 70,000 dollar mark next, consider riding the wave of sats to recover losses or make profits before finding an opportunity to sell. Don't touch this coin again. The wasted time cost far exceeds the potential opportunity cost of holding it for profit. If BTC fails to hold at this position and starts to decline, the price of 0.0002666 is the stop-loss line; if it breaks below that, directly cut losses and switch to other strong coins that are consolidating and stabilizing. The chart below is the daily chart of sats, which clearly shows that the current trend has formed a large converging triangle (there’s an even bigger one above that isn’t drawn). If the operators also follow the chart for trading, or if the market collectively moves according to this pattern, excluding external factors, there are two important time points worth noting: one is October 31, the last day of the monthly line (which is also the day the oscillating market converges to the lower edge of the triangle), and the other is November 18, which is the end of the converging triangle. The remaining time is likely to be oscillating unless BTC drops significantly and breaks down, or if Unisat experiences a major positive development.
$1000SATS talks about sats, let's start with a conclusion: for those who are used to trading in intervals and are technically strong, this coin is a good choice for interval traders. The trading volume is high, and liquidity is decent; there are not many altcoins that maintain an average daily volume of over 20 million dollars for a long time. For those who are not accustomed to trading in intervals and prefer to buy and hold for appreciation, if BTC attempts to break the 70,000 dollar mark next, consider riding the wave of sats to recover losses or make profits before finding an opportunity to sell. Don't touch this coin again. The wasted time cost far exceeds the potential opportunity cost of holding it for profit. If BTC fails to hold at this position and starts to decline, the price of 0.0002666 is the stop-loss line; if it breaks below that, directly cut losses and switch to other strong coins that are consolidating and stabilizing. The chart below is the daily chart of sats, which clearly shows that the current trend has formed a large converging triangle (there’s an even bigger one above that isn’t drawn). If the operators also follow the chart for trading, or if the market collectively moves according to this pattern, excluding external factors, there are two important time points worth noting: one is October 31, the last day of the monthly line (which is also the day the oscillating market converges to the lower edge of the triangle), and the other is November 18, which is the end of the converging triangle. The remaining time is likely to be oscillating unless BTC drops significantly and breaks down, or if Unisat experiences a major positive development.
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