🎄🧑‍🎄As Christmas approaches, there are extreme market conditions that we constantly remind everyone to be aware of. What caught us off guard was that we initially thought that altcoins would experience a surge before a major drop, but this time, waiting for Godot did not happen. During the surge of Bitcoin above 100,000, altcoins did not follow suit or make up for losses; they directly followed Bitcoin's decline and plunged into the depths. The decline has exceeded that of Bitcoin across the board, with some even experiencing multiple declines, while Bitcoin at least had a surge before dropping. This time, the bulls were thoroughly washed out!

Then there's the question everyone's concerned about: how low will Bitcoin drop? A few days ago, there was a discussion on the indicators, and a seasoned friend of mine believes it could drop to 88,000, with extremes reaching 76,000. I think it will hold around 90,000, but currently, my prediction might be too optimistic, just for reference. The Bitcoin market seems relatively clear, but altcoins currently show no signs of a bottom. After trying out futures contracts twice, the results switched from long to short and from loss to profit. We still need to be cautious; in such market conditions, we can't just hold on stubbornly. Those who timely reversed to short in the comments section have managed to make their money back.

This round of spot trading has been quite impactful; I thought it was just a minor dip, so I didn't escape in time, and in three days, several tens of thousands evaporated while I relied on futures to recover some. To be honest, I prefer trading futures; they allow for timely profits, and the fruits of labor are truly ours. If you don't escape in spot trading, then it's not really yours, so spot trading isn't necessarily lower risk. When trading futures, we must rely on strict self-discipline, entering and exiting at short intervals, which can be safe. After all, being flexible in both long and short positions provides opportunities for significant profits, even in extreme market conditions. Holding both spot and futures is mature; let's continue to refine our skills.
It's a bit cold these days, let's keep warm and support each other. 🤝🍀

Hold on and wait for now. The price hasn't stopped falling yet. The spot is already stuck. If you continue to hold it, there is no such thing as cutting losses.

I understand, I don't have the courage to enter the market but I'm feeling itchy 😆

Block all the idiots who say the bull market is over, next, buy counterfeit spot in batches and wait for the new round of explosion~

Recently, many brothers have been panicking and asking me if they should cut their losses. Let me share some of my experiences with investing in spot trading. I made about twenty times profit, but I also experienced being trapped in spot trading. Firstly, the general direction predicts that the bull market has not ended. Secondly, I basically have no experience of cutting losses in spot trading, especially in this clear major cycle trend this year.

The first one is ORDI. At that time, I bought it at 24. Two days later, it dropped to 20. Many people in the comments were criticizing this coin as a domestic scheme, but that wasn’t the most important part. The most devastating thing was that two days later, one of the Bitcoin developers, Luke, claimed that the inscription was a bug in the Bitcoin blockchain and that this bug would be removed in the future. This was a bolt from the blue. It meant that the inscription would no longer exist. Many were bearish about the domestic scheme, causing it to drop nearly to the 15/16 position. However, the words 'cut losses' do not exist in my dictionary, so I just held on, and as a result, after more than one to two months, it rose to over 90+, and I exited at an average price of 70.

The second one is Binance's first pre-market trading, SCR. I estimate that many people fell into the trap with this coin. After I bought it at an average price of 1.0 in the pre-market, it rose to about 1.5, almost a 50% profit, but I didn't sell. When it officially launched, there was an inverted hook, and it directly fell below 1.5 to a minimum of 0.5. Again, a bunch of people came out to be bearish about the domestic scheme. However, cutting losses was not an option; I just held it and left it alone. Just a few days ago, it rose to 1.4 again, and I successfully broke even and increased my position in Neiro.

However, this coin SCR caused me to miss out on selling USUAL, only making a 70% profit on spot trading. I had previously recommended it at 0.28, and I also posted when I exited.

This is one of the few experiences I had of being trapped. In short, as long as you believe in a coin, it doesn’t matter what others say, whether it’s delisting or a domestic scheme. Just stick to your conviction, buy on dips, and go all in. Chasing rises and cutting losses is something that retail investors do. If you don't treat money as money, you won't make money. So just go boldly into spot trading; once the bad news is fully released, it becomes good news. There's nothing bigger than fixing the inscription bug as bad news.