The experience of returning to zero for leeks is as follows: The first experience of returning to zero: In April 21, as an ignorant young investor, I entered this circle through fomo. I used dog shit as my first pot of gold. I made 60 from 6. I withdrew the principal and bought mdx. Old investors all know that in the end, I almost returned to zero. The second experience of returning to zero: FTX collapsed, I bought Luna at the bottom with 10,000 yuan, and it became a few hundred yuan the next day. Then I was lucky enough to buy dozens of U at the lowest point, and it took off and became more than 20,000 yuan, and the contract returned to zero. Zero experience three: In the 2022 World Cup Fan Coin, I entered the market with 20, and it became 45. The principal was out. One day, Luna went crazy. I saw the group talk about it, so I immediately opened it with 5x leverage. Then I was shocked. In less than half an hour, 25 became 75, and I generously gave 2 of my friends a red envelope of 1,000 dollars each. At that time, there was a bit of Fomo hype about halving, and I bought LTC with 75, but I was impatient. After holding it for a few days, it still didn't rise. The gambling nature came up, so I cleared the LTC and opened more Luna at 5x, and it was zero. (Thinking about it now, I was really brave. How dare I?)
Check-in: Day 45 Cost: 40 Today: 40.5 In the next few days, the big cake may touch around 10. Around 10 is the crossroads of the upcoming trend. Downwards, it can drop 20 points to 8; upwards, it can similarly rise 20 points to 12+. If the direction is wrong, even 5x leverage on the big cake may not be stable. Similarly, 2x on the altcoin may also not be stable, and at the trend crossroads, I personally believe the indicators are ineffective. My own choice is spot trading, refusing any leverage. Even if it drops drastically, as long as the bull market is still there, it can quickly rebound. As long as there are green mountains, there is no fear of running out of firewood. With capital, surviving allows for future profit discussions. If leverage explodes to zero, one can only exit.
Clocking in on day 43, cost 40, today 40. Persevere, persevere, and persevere again, do not abandon, do not give up! Boring market, the overall market has significantly shrunk in volume, it has been sideways for so long, without the fear of a big drop or the greed of a big rise, it's too boring, nothing much to say, still fully invested in altcoins, waiting for the altcoin season. I pay for my own understanding, without complaints or regrets. Blessings! 🤓🤓🤓
Checking in on day 42, cost 40, today 39.5. The path of being trapped has begun again, haha. This market is a testing ground for human nature, a meat grinder for humanity. Even if the big pie is spot trading, it comes with a human nature leverage amplifier. No one is your lifeline; only you can save yourself. I wish everyone can overcome the fears and greed in human nature, prove themselves, realize monetary value and self-achievement. Let's encourage each other! I pay for my own understanding, with no regrets. Blessings! 🤓🤓🤓 ----------------------------------- Indicator Fear and Greed Index: 79
Clocking in on day 41, cost 40, today 42.6. Persist, persist, and persist again; do not abandon, do not give up! The current lack of liquidity has led to a severe drop in volume. Something big is coming soon, something very, very big. But whether it goes up or down, no one knows. There is a huge divergence between bulls and bears, calling each other fools. I can only hold long positions in spot trading, hoping for a good market and a happy new year. I take responsibility for my own understanding, without complaints or regrets. Blessings! 🤓🤓🤓
Clocking in on day 40, cost 40, today 42. Persevere, persevere, and persevere again; do not abandon, do not give up! Wishing everyone a Merry Christmas Eve! Safe and sound to start anew, joy connected year after year! I stand by my understanding, with no regrets. Best wishes! 🤓🤓🤓
Checked in on day 39, cost 40, today 38. It's starting again on the road to being trapped, haha. Altcoin season looks at the Ethereum exchange rate; Ethereum is strong, only then there is an altcoin season. Just look at the day before yesterday, the big pie stabilized, Ethereum pulled up, altcoins went wild, averaging over 10%. It's not that the altcoin whales don't want to pump, they're eager to pump and sell for profit, all watching the big brother Ethereum's face, waiting for Ethereum's signal. As long as Ethereum doesn't follow the big pie, a single arrow through the clouds, altcoins will come out in droves. I pay for my own understanding, with no regrets. Blessings! 🤓🤓🤓 -----------------------------------
Checking in on the 38th day, cost 40, today’s 38.7. The road of being trapped has begun again, haha. The New Year is coming soon. Have you made money this year, brothers and friends? Blessings! 🤓🤓🤓
Checking in on the 37th day, cost 40, today’s 39.7. The road of being trapped has begun again, haha. I was reflecting on myself today, and I realized that it is impossible for most people, including myself, to do both long and short trades, buying at the bottom and selling at the top. As for the future medium- and short-term market, even if I see a correction, I will clear my position now. Then the problem comes, if it goes up, I will miss the opportunity. If it goes down, I will find reasons and excuses for myself, saying that this is not the bottom and it can still fall. Then suddenly, a line will go up, but I myself don't like to chase highs, so I will miss the opportunity again. This is a flaw in my human nature and I cannot change it.
Check-in day 36, cost 40, today 36.7. The road of being trapped has begun again, haha. At this moment, I firmly believe that as the market moves, I become more convinced that the spring of altcoins is coming. 400,000 retraced to 160,000, trapped for half a year, I have endured this, and in the days to come, I will be incredibly determined. Bitcoin market cap percentage has reached 57%, the closer it gets to the previous high of 60%, the more optimistic I become, there is a maximum of 3% upward space left, which means the decline of altcoins compared to Bitcoin is limited. Ethereum exchange rate has reached the historical bull-bear dividing line Looking back at all historical cycles, every round of Ethereum in the early to mid-stage has been scolded.
Checking in on day 35, cost 40, today 42.9. Bought altcoin spot with full investment yesterday. I've been pondering a question these days. Using logical reasoning, I believe the bull market is still ongoing. If 10.8 is the major bull peak, then all previous logic would be overturned. Using logical reasoning step by step, if the premise is that the bull market is still ongoing, then if the prices of most existing altcoins are halved again, it can be said that the altcoin prices have returned to the lowest point since this round. Since the bull market is still ongoing, the market makers definitely won't let us retail investors have the opportunity to buy at the bottom, otherwise, they wouldn't be able to push the market up again; otherwise, it would be charity. Therefore, reverse reasoning indicates that the current altcoin prices won't be halved again.
Check-in Day 34, cost 40, today 45.2. I played outside today, thinking about the general trend ahead, tangled for a long time, and decided to dive into the spot market, selecting 32, buying each at $1940, so if it drops later, I can spread the damage, and if it rises, I might have a chance to hit the jackpot. The reasons for my decision to act are as follows: 1. Firstly, I subjectively believe the bull is still here; if the price of the altcoin drops again, it will return to the previous lows. If the bull plays like this, all the retail investors will be dead, and without the support and backdrop of altcoins, Bitcoin alone cannot attract new retail investors to enter and provide liquidity.
Checked in on day 33, cost 40, today 45.1. All positions have been cleared, with 62,000 U in hand. Not touching contract lotteries anymore, made a small profit yesterday and ran away. I'm a bit scared, just quietly watching the show and waiting. This market looks uncomfortable, so I won’t watch it. Taking six days off, going out to travel, enjoying life. Good luck!
Clocking in on day 32, cost 40, today 44.5. Completely liquidated, holding 100% USDT, took out 2% USDT, shorted one of the hardest altcoins AAVE, currently at break-even. I have to say AAVE is really tough, even tougher than when I was 18. Profit from lottery, do not imitate. 🤪 Tonight should be the American electoral college voting meeting, commonly known as the 'Elder Meeting', there is a custom that it always drops during meetings, I wonder how it will be this time? The current trend looks to me like a short squeeze + horizontal top, allowing altcoins to offload, maybe too many people got cut, fear of heights.
Checked in on day 31, cost 40, today 44.5. All positions cleared, holding cash, took out 2% cash, shorted the hardest altcoin with a 30× leverage, currently breaking even. Winning the lottery in profits, do not imitate. 🤪 The FOMC meeting is on the 17th-18th, this is the third time, it is highly likely to continue lowering interest rates, but there is a saying that things do not happen more than three times. Even if they do lower rates, that sentiment has already been largely consumed in the short term. Moreover, the Americans are still in a balance sheet reduction phase, and the positive effects have already been realized. Personally, I feel that the time to cash in on the positives is getting closer, which is not a good thing. Cash management returns are also decreasing, indicating that more and more cash is being held to avoid risks, and the market is shrinking, with weak buying pressure, posing short-term risks.
Checked in on day 30, cost 40, today 44.5. All positions have been cleared, hands full of U I personally think the timing is good, took out 2% of U, shorted the hardest altcoin Aave, I see it looks like a short squeeze pattern is finished, it may start to decline smoothly, anyway, it’s profitable, like buying a lottery ticket, in case it really crashes, then it will take off from the spot, of course, it’s also possible that the order won’t survive tonight. Profit from lottery tickets, do not imitate. 🤪 I pay for my own understanding, without regrets. Blessings! 🤓🤓🤓 -----------------------------------
Checking in on day 29, cost 40, today 44.5. All positions cleared, holding USDT They say just hold onto spot assets, but I think that's a paradox. I feel the real crash for altcoins hasn't come yet. Bitcoin slightly fluctuated the day before yesterday, and altcoins are scared to death. If we head towards the worst market scenario, Bitcoin fills the gap of 7.8-8.2, then altcoins could be halved again, which isn't hard. Will holding spot assets be truly stable then? I think not necessarily. 🤪 I pay for my own understanding, no regrets. Blessings! 🤓🤓🤓 ----------------------------------- Indicator Fear and Greed Index: 76
Clocking in on day 28, cost 40, today 44.5. All positions cleared, fully in U It seems that I have reached the clearing conditions that I had previously assumed, although a few days ago my account peaked at 52, but at that time did not trigger my clearing button, now it has triggered the clearing button, so it’s time to clear, nothing is perfect, and I am satisfied with this result. I personally believe the bull is still on, the final FOMO has not yet arrived, so I am currently in cash, patiently waiting for opportunities to arise. Prepare for the worst, continue to sing high, I missed out, but it doesn't matter because I have already broken even.