I just saw a post on the square, and I followed the trend and bought 50,000 BOME for 0.025. After a week, I couldn't hold it and sold it for 0.012.
Pure leek mentality, if you can't hold it, you can only be cut.
In the currency circle, you have to be brave enough to face risks, but you also have to know when to stop. Don't always think about buying the bottom. Sometimes you make the wrong decision when buying the bottom, which means there is something wrong with your brain.
After entering the market and establishing a position, the next road will either be full of scenery or full of pits. Some people come to your world just to teach you a lesson and then leave.
Don't expect to turn around with just a small profit. You have to accumulate bit by bit like a hen to gain something. Newbies may think that there is no big problem in not setting a stop loss in a volatile market, and sometimes losses can be turned into profits. But the problem is that they often can't distinguish what "breaking position" means.
The market has clearly broken, but they still think it is a volatile market. This is the difference between novices and veterans. The little money you made before was probably all lost because of a wrong judgment, and you won't get anything in the end.
I suddenly thought of a liquidation on Luna, which cost about US$60,000. I was young and frivolous at the time, and I gambled with a full position and a high multiple. In fact, looking back now, if you just want to bet, bet big, you have never understood the market or analyzed the market. There are many ways to make money in this market. You only need to learn one trick. As the saying goes, one trick is successful all over the world. When trading, you don't care about how fast it is, but how stable it is. How much retracement you can control, not how much you make in one go, is your ability.
If you don't know how to screen strong coins, then I suggest you follow me. Whether it’s fresh goods or Heyue, a little effort may be your limit. The opportunity is very short, so you must seize it! Success does not depend on luck, choice is greater than hard work, and the circle determines destiny. In the currency circle, in addition to having a sharp eye to judge the situation, you must also keep up with a good team and a good leader. Follow me and you will have already succeeded in the currency circle!
These tracks are worth paying attention to Modular: TIA, ALT, SAGA, MANTA New Public Chains: SUI, APT, SEI, NEAR Inscription: ORDI, SATS, RATS Staking: LDO, SSV, ETHFI Payment Concepts: ACH, CELO, MOB DePin: GRASS, FUNC, MOBILE RWA: MKR, POLYX, RIO, ONDO SOL Ecosystem: RAY, PYTH, JUP, JTO AI Sector: WLD, FET, TAO, RENDER, ACT MEME: NEIRO, PEPE, WIF, BOME, BONK Note: The cryptocurrencies mentioned above are only for analytical summary, providing a direction for thought and do not represent that I will buy them all, please do not trade arbitrarily based on the list. Choosing coins is just one aspect; entry/exit timing, position management, etc., are also very important, and it is essential to have a reasonable trading strategy.
This morning's sharp drop has likely caused many small contract holders to be liquidated because they did not have a concept of forced liquidation.
As a community, we have our own research team, powerful on-chain data analysis capabilities, insights into major fund movements, and the positioning of Wall Street institutions to safeguard our fans' trading.
In this round of price increases, the projects that have led fans to build positions include: saga, ethfi, sol, bnb, tia, bome, wld, all of which are profitable. Next Monday, we will guide fans to lay out potential explosive coins, doubling their investments will be simple. The same news, the same layout, the same opportunity, priority for the fan group. At the same time, we are also looking for meme coins on the Solana chain, aiming for a 30x return by the end of next year's bull market.
Recently, the Bitcoin market has experienced volatility, with prices falling to around $97,000 on December 10, down over 4% in the last 24 hours, and 6.40% lower than the historical high of $103,650 five days ago. This downward trend occurred before a crucial shareholder vote at Microsoft, which will determine whether Bitcoin will be included in the company's treasury.
On the eve of the U.S. presidential election on October 24, Microsoft added a section on 'Assessment of Investment in Bitcoin' in the 14A form submitted to the U.S. Securities and Exchange Commission (SEC), indicating that the company is evaluating the possibility of Bitcoin as a diversification tool. However, the 'Board's Recommendation' section suggested that shareholders vote against it, stating that the company's management has conducted an in-depth assessment of the matter.
Before the vote on December 10, there was a surge in interest for the keyword 'Microsoft Bitcoin' on Google search. This typically reflects the curiosity of retail traders, and this decline in Bitcoin may be related to traders' cautious attitudes ahead of the vote, especially considering the Microsoft board does not support the recommendation to include Bitcoin in the company’s funds. This may also lower market expectations, as traders believe that the Bitcoin price may decline further after the voting results are announced.
Meanwhile, the decline in Bitcoin prices is also due to significant fluctuations in the prices of Bitcoin held by traders for 6 to 12 months. According to data shared by on-chain analyst Miniole, from December 4 to December 7, these long-term holders transferred approximately 179,000 BTC. These tokens may have realized profits close to $100,000.
The ongoing price adjustments of Bitcoin align with the rising daily relative profit and loss (P/L) ratio, which has recently matched the historical peak of $73,400 in the first quarter of 2024. Historically, a higher profit and loss ratio indicates that long-term holders may be taking profits, although in some cases, the selling pressure from profit-takers may be absorbed by retail investors.
Christmas sell-offs are common in bear markets, but such a fierce sell-off in a bull market is indeed rare. This drop does not have significant negative news associated with it, but the timing at 5 a.m. makes it particularly strange. From a comprehensive analysis, the main purpose of this drop may be to clear high-leverage positions in the market, while other reasons are mostly secondary. This sell-off cleared nearly 2 billion USD in leveraged positions, far exceeding the 1.1 billion USD liquidation scale on August 5, making it the largest deleveraging action in recent times.
Currently, the deleveraging actions have led to the return of altcoin funding rates to normal levels, but last night the market hit a low of around 94,000 USD due to panic selling in U.S. stocks. Although this position has received support, it is expected to experience about 1-2 weeks of adjustment and fluctuations in the short term. From an overall trend perspective, the main role of this drop is to clear obstacles for subsequent market movements, and the completion of deleveraging will lay the foundation for the next round of accelerated price increases for Ethereum and altcoins. The bull market trend is still intact, and investors holding spot assets just need to be patient.
Is a deep correction the best entry point?
This year's market trends seem to be mirroring the rhythm of 2023:
October: Strong takeoff; November-December: Consolidation upward; January: ETF launch helps the market reach its peak.
The current market is in a phase of upward consolidation, combined with potential positive factors such as Trump's inauguration in January and Musk possibly joining to boost DOGE's popularity, the market is expected to reach a climax in January next year. It is worth mentioning that today Microsoft will hold a meeting to discuss whether to purchase Bitcoin. If the purchase plan goes through, the market may take off again, and altcoins will benefit from this.
My summary of the viewpoint:
The bull market is not over! The current adjustment is a healthy deleveraging behavior and does not change the overall direction of the bull market. The altcoin season has not arrived yet! The real explosion period for altcoins may come after mainstream coins stabilize. Focus on strong coins at lower prices! Every major drop is an opportunity to accumulate quality assets; it is advisable to pay close attention to coins that have performed steadily or strongly recently.
In the short term, wait for the results of the Microsoft meeting and for market sentiment to stabilize. In the medium to long term, the overall direction remains positive, and the current fluctuations actually provide a good opportunity for positioning.
Recently, it can be observed that some liquidity has been drained from memes. But there's no need to worry too much; in the market, sectors always rotate, and nothing can keep rising indefinitely. A proper pause is actually meant to enable us to soar higher later. Especially in a bull market, we need to exercise more patience. Instead of chasing wherever there's a rise, it's crucial to hold onto the positions you believe in firmly. Frequently chasing after surges and cutting losses often puts us in a passive position, while steadfastly holding onto assets you've thoughtfully chosen is more likely to yield substantial returns in a bull market.
This bull market may not see all altcoins surge like in 2021, but as economic pressures gradually ease, especially around January next year, monetary policy could stimulate certain popular sectors, driving their explosive growth. Therefore, choosing the right sector is the key to success. Areas like AI, new public chains, RWA, and the gaming sector are all very promising fields and may see significant growth opportunities in the future. Choosing these sectors not only allows you to grasp market trends but also to obtain considerable returns in the upcoming cycle.
Recently, the DeFi sector still dominates the list of gains, and projects such as IDEX, UNI, Sushi and 1inch have performed well. Last week's AI and Meme sectors were only short-term market trends. In fact, sector rotation often means a means of market washing. Don't let this kind of washing drive the price of your chips all the way up and fall into meaningless chasing.
It's a pity for the USUAL currency. I bought too little
The fundamental reason why most retail investors lose money is actually a mentality problem. Today I see A making money, tomorrow I see C making money, and the day after tomorrow I see B, D, E, F... When I haven't made money for a few days, I am eager to change my strategy, forgetting that the E currency I hold is also profitable.
There are people who make money in the market every day, but you always hope that you can seize all opportunities and want to make money every day, which leads to anxiety, frequent adjustments to positions, chasing ups and downs, the more you operate, the harder it is to make a profit, and the worse your mentality is, and it is difficult to achieve real profit in the end.
The partnership between Phantom and Sui represents both an important opportunity for Sui as a leading chain and sends a strong market signal. This collaboration marks a further expansion of Sui in terms of user activity, while also accelerating its rise as the next-generation blockchain platform.
Sui has the potential to become the next Solana. As more and more Solana developers migrate to the Sui ecosystem, starting with Solend transitioning to Suilend, and now with Phantom joining in, it shows Sui's appeal and growth potential. The next question is: who will be the next to migrate to Sui?
This is undoubtedly the focus of market participants and provides strong impetus for the further development of the Sui ecosystem.
With the price of Bitcoin rising to 100,000, more and more people are starting to pay attention to the cryptocurrency world and want to join in. I have organized some basic sections to share with everyone, helping newcomers get a better start.
The world of cryptocurrency is vast, and your approach determines what you need to learn. The most fundamental aspect is to understand mainstream altcoins and various narrative sectors. Basic trading operations are relatively simple; mastering the color changes of price fluctuations and understanding the basic information of coins and projects is enough to start trading.
1. Advanced Contract Trading If you want to do contract trading, the first thing you need to learn is to control your emotions and accept the unstable feelings that may arise during fluctuations. Next, you need to understand position management and make long or short operations based on your risk tolerance. Learning to analyze calmly and mastering some basic candlestick knowledge is sufficient.
In fact, knowing more does not necessarily mean earning more. Many people who understand everything may still lose money, while some novices who know little about trading but have their own trading systems can achieve decent returns. After all, contract trading is like playing a game of chance; what ultimately matters is whether you can stay calm.
2. Earning from the Primary Market First of all, you need to know how to obtain information and track the latest activities of projects you are interested in. Use some monitoring tools to observe wallet dynamics and understand the project's progress. If you have the ability to learn, gradually mastering these interaction tools according to tutorials and completing tasks is not too difficult.
3. Jumping into New Projects in the Primary Market At the very least, you need to learn to identify which are the "valuable projects"—for example, the Pixiu project—so that you can participate with more confidence. As for whether you can encounter a "golden project," it depends on your market intuition and knowledge accumulation. Pay more attention to information, cultivate sensitivity to the market, accumulate experience, and ultimately everything relies on your own judgment and research.
In summary, although there is much to learn in the world of cryptocurrency, the core remains unchanged—you must have the ability to discern information and continuously improve your understanding of the market to go further in this industry.
BTC: BTC has been in a sideways trend for a day over the weekend, oscillating around 100,000 with little fluctuation. Today, observe the support at 98,700, as there is a double-bottom structure at 100,000 on the hourly chart. If it breaks 98,700, there will be a risk of dropping to 90,000;
ETH: The weekend market is correlated with Bitcoin, and an M pattern has appeared on the hourly chart. Observe 3,980; if it cannot hold, there is an expectation of 3,700.
Altcoins: The altcoin market only saw activity in the MEME sector over the weekend, while other sectors showed insufficient upward momentum. After BTC/ETH adjusts, we can continue to position ourselves.
Bitcoin is fluctuating at a high level, and there are many opportunities for copycats. Pay attention to the AI sector and sort out the AI sector currencies!
Taking MEME as an example, while people, doge, and floki are all established MEMEs, people has a smaller increase, while doge and floki have skyrocketed. Doge and floki have attracted attention and funding due to mentions by Musk, triggering market speculation, leading to a naturally favorable price.
Project Community Team Operations:
The community team actively creates narratives or promotes the progress of the project, such as after being listed on Binance, then expanding to platforms like CB, Bithumb, Upbit, etc.
Strong Market Makers:
Supported by powerful market makers. Meeting these conditions makes valuation and price increase more promising; otherwise, it is limited. This principle applies equally to public chains, gaming, and DEFI sectors, as any coin's speculation relies on traffic and funding. Public chains are not just projects that happen to be public chains; if you look at the recent cycle, sol, inj have survived and reached historical highs again. But what about others?
Investment Team
Sol, inj, sui, apt, omni, alt, etc., are all invested by JUMP. If you don't know about JUMP, you can look it up. They are a globally renowned forex market maker. Not much more to say, the gains of sol, sui, and inj have proven everything. Trading coins should not be like dating; do not get overly sentimental. Your own optimism means nothing; it’s the market's optimism and the favor of big institutions and funds that can help you succeed. You are here to make money; you need to be a "bad boy (girl)".
I hope that various exchanges do not go against the major trend. The trend is Meme. It was pointed out by Musk. It was pointed out by the people. Those who follow will prosper, those who resist will perish; this saying is not a joke. While an individual's success is certainly important through hard work, it is even more crucial to consider the course of history.
Doge's flag pattern is very strong in its adjustment The next massive surge shouldn't be far off The minimum target for the next wave is 1u, and it wouldn't be surprising to reach 2u When Doge starts to surge massively The overall meme adjustment will be over A crazier wave will begin Around mid-December #山寨季怎么布局?
The newly launched USUAL on Binance is focused on the RWA track related to US bonds, and its market cap is currently around 100 million USD. If it stabilizes in the near term, it could be a good entry point.
After fluctuating for a while, Bitcoin has finally reached the 100,000 dollar mark. The main reason is still due to Powell's speech, where he openly stated that BTC is a competitor to gold, not to the dollar. In simpler terms, BTC is more like gold. Americans are now openly discussing Bitcoin, which is a good start, comparing Bitcoin to gold.
This statement has led to a significant amount of buying from Americans.
Driven by key factors, Bitcoin has broken through 100k, and now ETH only needs a similar positive news to push to higher positions; we must be patient and wait.
Currently, there is no need to feel anxious about FOMO; for us, the opportunities in this bull market still lie within altcoins that can allow us to reap the benefits.