In the crypto world, if you become a millionaire from trading cryptocurrencies and want to transfer this money back to a domestic bank account, you need to be cautious. Direct transfers may attract attention and be considered as having an unclear source of funds, potentially constituting a crime. However, don't worry, there are several legal pathways you can take.
The first method is: transfer USDT to the BiyaPay wallet, which is licensed in the United States. In BiyaPay, you can convert it to US dollars and then transfer it to banks like Wise or OCBC. Although there might be some fees along the way and the exchange rate might not be favorable, the money is clean and legitimate. Through Wise, you can transfer US dollars back to platforms like Taobao, WeChat, or Bank of China, but there is an annual limit. The OCBC 360 account is more convenient, allowing you to withdraw directly in China without the $50,000 limit.
The second method is to use the Kraken exchange, also withdrawing USDT and depositing it into iFAST's UK bank. Kraken is fully licensed as well. This method is also legal, but fees and exchange rate losses are inevitable.
A reminder, although these methods are legal, it is best to consult a legal advisor before proceeding to ensure that every step is safe and secure.
In the cryptocurrency world, various strategies emerge endlessly. Let's take a look at some common operations.
1. The seasoned investor's coin hoarding mantra This operation really only requires two steps: Buy! Hoard! Then just guard your treasures and wait patiently for the flowers to bloom. Sounds easy, but doing it tests human nature: when the market rises, you feel anxious, and when it falls, you panic. If you can truly hold long-term, the returns will naturally not disappoint you.
2. Rapid whirlwind in a bull market During a bull market, take a small portion of spare money to invest. The investment principle is: do not over-invest, only use one-fifth of the total funds. Choose coins with medium market caps; switch them when they rise or fall. Just keep the rotation going. Even if you occasionally get stuck, in a bullish atmosphere, you can quickly resolve it—but remember, don't buy those overly trashy coins.
3. Follow the flow of money In a bull market, the flow of funds sinks from large coins to small coins like an hourglass. First, the top coins soar, then mainstream coins, and finally niche coins. You need to keep up with the rhythm to make money easily.
4. Pyramid counter-offensive During a market crash, it's time to show the real operations—pyramid buying method. Buy more as prices drop, and invest heavier. The benefit of this approach is: low cost and low risk. Once the market warms up, the returns can be quite rewarding.
5. The magic of moving averages For those who understand candlestick charts, this skill is a must. Set your moving averages, see where the current price lies between the two lines, and then make smart buying and selling decisions. This move is suitable for players with some basic knowledge.
6. Aggressive coin hoarding technique Find a few quality coins that you are optimistic about, buy low and sell high, then reinvest the profits into more coins. This move can make your coin stash grow richer, and your returns will rise accordingly.
7. ICO snowballing Jump in when new coins are issued, cash out after several times the increase, take back the principal, and reinvest the profits. This cyclical operation can keep your principal safe while continuously rolling over profits.
8. High sell low buy cycle race Look for coins with large price fluctuations, buy at low points, sell at high points, and repeat. This operation requires you to keep a close eye on the market and react quickly.
9. Small coin investment big adventure Use a small amount of money, like ten thousand, and evenly distribute it across ten small coins. These little partners have low costs and large upward potential; take profits after three to five times the return. Even if you get stuck, don’t panic; think long-term and fish for big ones. Once you profit, withdraw the principal and invest in the next small target, and the compound interest effect will be delightful.
What to do if your bank card suddenly gets frozen? Friends who are in the cryptocurrency circle should take a look!
First, we need to understand why the card may be frozen. Usually, there are two situations:
1. Bank risk control: This may be because your trading pattern triggered the bank's anti-fraud model, such as frequent large transactions, quick in and out, etc., leading to the account being frozen. 2. Public security judicial freeze: If your transaction records involve funds related to a case, commonly known as "dirty money," then law enforcement may freeze your account.
So, how should we respond to a frozen card?
1. Bank risk control freeze: Go to the bank immediately to understand the situation. Bring your ID card and bank card, and explain your transaction history and account usage. If it's a risk control issue from the anti-fraud center, you may need to go to the public security department for an account investigation. 2. Public security judicial freeze: This is divided into temporary stop payment and formal freeze. A temporary stop payment usually lasts 1-7 days, waiting for automatic unfreezing. However, if it turns into a formal freeze, the period may last up to six months, or even longer. At this time, you need to inquire with the bank about the information of the public security unit that froze the account, contact the police to understand the reason for the freeze, and actively cooperate in the handling process. Generally, if the bank card involved in the case is related to cryptocurrency trading, patient communication may lead to the lifting of the judicial freeze.
Stay calm, communicate reasonably, and in most cases, these issues can be resolved.
Sun Yuchen Shocking Statement: PayFi to Lead a New Transformation in the Financial Market!?
At the recently concluded Taipei Blockchain Week, Sun Yuchen, the founder of TRON and a member of the Huobi HTX Global Advisory Committee, shared his latest idea—PayFi—through a video speech.
Sun Yuchen stated that PayFi is a brand-new financial ecosystem model that creates entirely new financial tools and user experiences centered around the time value of money. This is not only a significant innovation in the financial sector but also greatly enhances users' economic autonomy and self-management capabilities!
The goal of PayFi is to build a programmable currency system that allows everyone to enjoy greater financial freedom. By generating interest through staking for innovative applications such as consumption, PayFi effectively addresses the liquidity issues faced by professionals in the Web3 industry, injecting strong momentum into the sustainable and healthy development of the industry.
This Taipei Blockchain Week, held from December 12 to 14 in Taipei, had the theme “Onboard,” attracting over 200 global speakers and more than 60 sponsors and partners. The event featured three stages dedicated to promoting the application and innovation of Web3, exploring the infinite possibilities of blockchain technology together!
PayFi and the future financial market are worth paying attention to.
What is 'Whale Manipulation'? Why are most people losing money by following?
In the ocean of cryptocurrency, there are some 'big fish'—also known as 'whales'—who stir up waves with their massive assets. They can easily sway coin prices through large-scale buying and selling, making a fortune in the process. Because the liquidity in the crypto market is low, when whales make a move, it often triggers massive price drops or surges, attracting small investors to follow suit, only for the whales to come out on top in the end!
What tricks do whales commonly use?
1. Large buy and sell: Buying or selling a large amount of coins at once, instantly raising or lowering the price. The little guys panic at the price fluctuations, while the whales take the opportunity to buy low and sell high, profiting effortlessly. 2. Pretending to be busy: Whales will fill the order book with buy or sell orders in a certain price range, creating a false sense of support or pressure. Once the market bites, they immediately cancel their orders, leaving everyone flustered. 3. Flash trading: Rapid buying and selling in a short period, causing a flash crash or surge in price. Especially when everyone is emotionally vulnerable, whales thrive and make merry. 4. Pump and dump: First, they buy a large amount of a coin, heating up the market and attracting retail investors. Once the price skyrockets, the whales suddenly sell off, causing the price to plummet, leaving latecomers with losses.
Why do most people lose money?
1. FOMO and panic: Whales drive up the price, triggering the 'fear of missing out' emotion. Everyone rushes to buy in, and the whales take this opportunity to sell, causing the price to crash, and retail investors to lose money.
2. False support and resistance: Large pending orders mislead everyone into thinking there is support or pressure at certain price levels, only for the whales to cancel their orders, trapping traders.
3. Fake trading volume: High trading volume appears to indicate a strong market, but in reality, it’s an illusion created by whales to mislead everyone’s judgment.
How to avoid falling for whale tricks?
1. Diversify investments: Don’t put all your eggs in one basket; diversify your investments to reduce risk.
2. Stay calm: In the face of extreme volatility, don’t let emotions take over. Analyze rationally and don’t blindly follow the crowd.
3. Keep an eye on trends: Use tools to monitor market capital flows and pay attention to the movements of large investors to identify risks early.
4. Choose reliable platforms: Select regulated and transparent platforms, as these are less susceptible to manipulation by large investors, ensuring the safety of your investments.
The cryptocurrency market has also been fluctuating these past few days. Microsoft's shareholder meeting rejected the Bitcoin investment proposal, and Google released the quantum chip Willow, causing a stir in the market. Many small investors have cut their losses, but the Bitcoin ETF is still attracting quite a bit of capital. Last night, the US announced the November CPI data, which met expectations, and Bitcoin once again broke the $100,000 mark. There are also rumors that Bitcoin may break the $150,000 mark after Trump takes office. Besides Bitcoin, which other hundredfold potential coins deserve our attention? 1. Shiba Inu (SHIB): SHIB initially started as a meme coin, but it is continuously expanding its ecosystem, built on Ethereum, supporting decentralized applications, and has its own ShibaSwap exchange. Interestingly, the founder of SHIB donated half of the tokens to Ethereum founder Vitalik Buterin, who destroyed these tokens and donated them to India's pandemic relief fund. The future vision and community attention for SHIB make it increasingly prominent. 2. Solana (SOL): Solana is praised as the "Ethereum killer" for its ultra-high transaction speed and innovative technology; it has great potential and may become the leader in smart contract platforms in the future. 3. Dogecoin (DOGE): Although Dogecoin initially started as a joke, with support from high-profile figures like Musk, the community has grown stronger. Now, DOGE is not only a meme in many people's hearts but is also continuously rising, with significant explosive potential in the future.
The new Anti-Money Laundering Law will come into effect in January next year, and the difficulty of withdrawing cryptocurrency may increase!
If you have made a substantial profit from trading cryptocurrencies and want to directly withdraw your coins to a bank card in mainland China, this may trigger the bank's anti-money laundering monitoring, resulting in account freezes, asset seizures, and a series of troubles. Especially with stablecoins like USDT, if not handled properly, you may also face legal risks.
But don't worry, there are still legal and safe ways to successfully withdraw funds. Here are two references:
1. Withdraw USDT from the exchange to BiyaPay
BiyaPay is an electronic wallet with a legal license in the United States. You can withdraw USDT to BiyaPay and exchange it 1:1 for US dollars. After that, withdrawing to a legal bank account becomes very simple. Here’s an example using Wise: Once the funds arrive at Wise, you can directly withdraw them to Alipay, WeChat, or Bank of China. However, please note that Wise has a limit on withdrawals.
2. Withdraw USDT from the exchange to Kraken
Kraken is an exchange with a legal license in the United Kingdom. You can withdraw USDT to Kraken and then transfer it to IFast UK Bank.
These paths fully comply with regulatory requirements, and the flow of funds is clear and legal. Although there may be some fees and exchange losses, the overall process is absolutely reliable.
Can trading cryptocurrencies still yield stable profits?
Remember the following three golden rules to avoid falling into traps and make a fortune!
1. Don't buy during an uptrend Don't let the market's bubbles blind you; an uptrend is not the right time to buy. Remember: "When others are greedy, be fearful; when others are fearful, be greedy." A price drop is the opportunity to pick up bargains. 2. Don't put all your eggs in one basket Don't bet all your money on a single cryptocurrency; that's akin to gambling. Diversify your investments to minimize risk and stabilize returns. The crypto world is not a place to gamble your life away. 3. Don't go all in Going all in can lead you to a dead end. The market changes rapidly, so keep some ammunition on hand to seize sudden opportunities. Maintaining flexible positions will allow you to go further.
Master the six secrets of short-term cryptocurrency trading
1. New highs after consolidation at high levels, new lows after consolidation at low levels. Don't rush; wait for signals before acting. Chasing highs and cutting losses is a losing rhythm; be patient and steady. 2. Don't trade during sideways movements When the market is in a sideways trend, don’t always be "itchy" to trade. Sideways does not mean there are no opportunities; it’s giving you time to adjust. Wait for signals before making decisions; don’t be an impulsive trader. 3. The K-line "electrocardiogram": buy on bearish lines, sell on bullish lines. K-lines don’t lie; catch reversal signals. Dare to buy the dip on bearish lines and quickly take profits on bullish lines; go with the trend steadily. 4. When the downtrend slows, rebounds will also be slow; when the downtrend accelerates, rebounds will also accelerate. Understand the market trend; rebounds have a rhythm. If you miss it, wait for the next wave. 5. Pyramid buying method, gradually building positions. Buy in batches, don’t dump all your money in at once; take it slow. 6. After a cryptocurrency rises or falls, it will inevitably enter a sideways state. If a cryptocurrency skyrockets, don’t rush to buy; if it crashes, don’t rush to sell. Sideways is the market’s adjustment period. Wait for trends to emerge before making decisions; don’t be a "retail investor"; when facing a downtrend, you should liquidate your positions.
Trump will officially take office next month. Can these coins break through the siege? !
Trump is about to take office, and the direction of the crypto market may change. Although no one dares to predict what will happen in the next second, these coins may quietly explode in this change. Let's take a look at what potential they all have. 1. $DOGE (Dogecoin) Dogecoin always makes people love and hate it, and Musk's words can make it "hot". Now that Trump is in power, Dogecoin may usher in a "political empowerment". Once the market sentiment changes, it may usher in a wave of increases. Who knows, when it suddenly jumps up, everyone is saying "This is not the dog I guessed". 2. $PNUT (Squirrel Coin) Squirrel Coin once took advantage of a wave of popularity during Trump's election and rose quite brightly. Now it has stabilized and is no longer so ostentatious, but the potential of this coin has not disappeared. Once Trump takes office, market sentiment may reignite it. For investors who like to keep a low profile and take steady steps, Squirrel Coin is a good choice. 3. $PEPE (PEPE Coin) As a popular online coin, PEPE Coin has great potential in the fields of DeFi and NFT, and there are signs of building its own ecosystem in the future. Although it is not the best time to build a position, once the market opportunity matures, a 10-fold increase in value may not be a dream. 4. $XRP (Ripple Coin) Ripple Coin and Trump have a "fate". Its price once soared during the election. If Trump really promotes it as a crypto payment tool later, Ripple Coin's performance will probably be like riding a rocket.
In general, Trump's coming to power may bring some new variables to these currencies. If you are optimistic about one of these currencies, keep paying attention and be ready to follow the trend when it is in the limelight.
After 500,000 people were liquidated, more than 230,000 people have been liquidated again! Are there any heartbroken old investors among you???
In the early morning of December 10, the cryptocurrency market experienced a severe crash! Over 500,000 people were liquidated, with total losses reaching up to 1.7 billion USD! Not only Bitcoin, but Ethereum, Dogecoin, and several other mainstream cryptocurrencies also suffered significant setbacks!
A large wave of investors online are heartbroken, but it's not over yet. Today, the cryptocurrency market faced another heavy blow, which surprisingly was linked to a breakthrough in quantum computing from Google—the release of the quantum chip "Willow". This technological breakthrough has sparked panic over "excess computing power" in the market, causing Bitcoin and other cryptocurrencies to plunge again, with many people's wallets nearing empty. It's another heartbreaking day!
Additionally, Microsoft also did not pass the Bitcoin investment proposal, so this good news is temporarily off the table.
In the face of this "snowstorm"-like correction, partners in the cryptocurrency circle have begun to split into three factions:
Some smart "veterans" believe that this wave of crash is a perfect opportunity for "buying the dip". They are optimistic about future trends and plan to accumulate at lower levels, waiting for a rebound. Another group of partners has chosen to "sit on the sidelines and watch", as their spirits have been severely impacted by consecutive setbacks, planning to wait for clearer market signals, fearing they might be "liquidated". Finally, there are those who choose to "run away", seeing the crash and liquidation, thinking that "survival" is the most important thing.
Will you choose to buy the dip and set up an ambush during this correction, or decide to wait and see for the "prey" to appear? Or will you simply choose to run away, prioritizing survival?
Bitcoin plummets, 500,000 people liquidated $1.7 billion, cautious about excessive leverage
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95% of the coins are down, 560,000 people liquidated 1.7 billion dollars! Bitcoin plunged to 94k, is Dogecoin failing? Zhao Changpeng: China will establish a Bitcoin strategic reserve.
Who can tell me what happened??? My account almost got wiped out overnight.
95% of the coins in the market are down overnight. 80% of the coins have a drop of over 15%. More than 50% of the coins have a drop of over 20%. Has the correction begun??
Bitcoin briefly broke the 100,000 dollar mark last night, then entered a downward fluctuation phase. At 11 PM last night, BTC sharply fell from a peak of 100,421 dollars to about 98,000 dollars. After several hours of fluctuations, it touched 94,150 dollars at 5 AM today, with a maximum drop of 6.25%. Currently, the price has rebounded to 97,100 dollars, with a decrease of 2.96% in the last 24 hours.
Are you being careless with withdrawals? A frozen card is just a small issue, the most feared is the '37-day package'!
With the bull market arriving and assets surging, many friends are starting to withdraw funds to improve their lives. However, careless operations may lead to serious consequences, such as account freezing or even being 'invited for tea'. The most serious consequence could be facing the punishment of the '37-day package'! Please pay attention to the following points: 1. Account freezing is no longer solely decided by banks: Under the 'Card Disconnection Action', account freezing is no longer solely at the discretion of banks or payment platforms. If there is suspected illegal fund movement, relevant authorities can directly freeze accounts without prior notice. 2. Stop payment for 72 hours after freezing: After an account is frozen, it usually enters a 'stop payment' status, which may automatically unfreeze within 72 hours. However, if it involves judicial freezing, the period may be extended, potentially until the investigation is concluded. 3. Judicial freezing may face investigation: If the freezing exceeds 72 hours, the account may be judicially frozen, and relevant authorities will investigate the flow of funds. If the funds are suspected of being illegal, the unfreezing time is uncertain. 4. Actively cooperate with the investigation: When encountering a frozen account, be sure to cooperate with the investigation, keep transaction records and fund flows well, and prove the clear source of funds. 5. Alipay and WeChat may also be frozen: Not only bank cards, but Alipay and WeChat may also be frozen due to risk control issues, especially when the funds are related to illegal transactions. 6. Be cautious with withdrawals: Cryptocurrency regulation is becoming increasingly strict, especially during large transactions, so be sure to conduct risk control checks to avoid unclear fund sources and prevent involvement in illegal transactions. 7. Differences in local police understanding of cryptocurrency: Different local police may have different understandings of cryptocurrency, which may lead to stricter scrutiny or even on-site investigations. In such situations, please remain calm and cooperate, and hire a professional lawyer to handle it. 8. The Card Disconnection Action is ongoing: The 'Card Disconnection Action' has no deadline, and regulation will continue. Even if a bank card has not been used for a long time, freezing may still occur. 9. Platform KYC certification is crucial: Choose reputable trading platforms, ensure strict KYC certification to reduce the risk of account freezing. 10. Beware of illegal fund transactions: Cryptocurrency may be transferred through illegal channels; ensure a clear source of funds, do not engage in off-platform transactions, and avoid involvement in money laundering and other illegal activities.
Cryptocurrency whale heavily invests in PEPE, AERO, and FTM, causing a surge in bullish market sentiment! PEPE sets a new market cap record, what potential lies ahead?
Recently, a cryptocurrency giant has made a significant 'bet', with a whale spending a staggering $21 million in a single transaction to heavily invest in PEPE, AERO, and FTM. This move quickly attracted widespread attention in the market, leading many to speculate whether these tokens are about to make big moves.
The large purchases instantly ignited bullish sentiment in the market, with everyone filled with expectations for the future performance of these tokens. Among them, PEPE has performed exceptionally well, not only seeing a significant price increase but also reaching a new market cap high, with many expressing a positive outlook.
However, its future growth potential is primarily related to the following points:
Community support and market growth: PEPE's community-driven development model and continuously expanding application scenarios, including e-commerce payments, game purchases, etc., provide it with ongoing momentum and potential market growth opportunities.
Technical development and innovation: PEPE's team is continuously committed to technical development and innovation, constantly improving and refining the project, which may lay a solid foundation for the next bull market.
Overall market environment: The overall environment and trends of the digital currency market will also affect PEPE's performance. If the entire market enters a rising cycle, PEPE may benefit accordingly.
Want to lay flat directly after freezing your card? Some situations do not allow this, come and take a look to make a distinction!
For loan laundering: You need to actively unfreeze your card because you are helping someone to transfer money. Actively explaining the situation is better than waiting for the uncle to come knocking. For renting or selling bank cards for credit scores: Just wait to be caught. For order brushing: You need to actively unfreeze your card. Order brushing generally involves receiving first-hand illegal funds, and cards are usually heavily involved in cases. If you don’t go, the involved card won’t unfreeze itself, and other cards under your name will also be controlled. For buying and selling USDT on black and gray platforms: You need to actively unfreeze your card because the funds received are usually from illegal scams, and the involved card is highly likely to be heavily involved in cases. For frozen foreign trade cards: You need to actively unfreeze your card, as it is likely to involve first-hand illegal funds. If you have foreign trade order certificates, it will also help to unfreeze the card, so it is recommended to take the initiative. For frozen gambling-related fraud cards: You need to actively unfreeze your card. Inside gambling platforms, there are all sorts of illegal funds, and the frozen cards generally receive second-hand or first-hand funds. If you don’t act, it will be difficult to unfreeze. If you have suffered severe losses and your finances are poor, and other cards under your name are not controlled, then just lay flat. Because unfreezing requires the repayment of the involved funds. For frozen cards from gambling special cases: If the frozen card balance is less than the involved funds, you don’t need to worry, just lay flat. If the frozen card balance is greater than the involved funds, it is recommended to actively go and negotiate for repayment, to unfreeze the card as soon as possible. For frozen cards from exchanges selling cryptocurrencies: Mostly involve fraudulent funds, you need to actively unfreeze your card. If heavily involved in cases, you need repayment to unfreeze. If moderately involved, you can negotiate for partial repayment of the involved funds. The involved funds from selling cryptocurrency cards belong to good faith income and have room for negotiation. For bank cards with a stop payment for three days: You don’t need to worry. This indicates the flow of involved funds into your card, and the uncle urgently stopped the payment. It will automatically unfreeze after the due date, eliminating the suspicion of involvement. After the card unfreezes, it is recommended to withdraw cash and cancel it immediately, and not to use it again, to avoid other transactions becoming involved and frozen. For protective stop payments: You don’t need to worry. This indicates that you have transferred money to a risky account, which is a fraud warning. The card under your name will be protected and stopped for a month, and it will unfreeze automatically after the due date; in some places, it is 15 days. For those who can’t afford to eat: You don’t need to worry, just lay flat. If you can’t even afford to eat, going to unfreeze the card will also cost travel expenses, and if the involved funds are not repaid, you might not be able to unfreeze the card. For cards frozen for a long time while other cards are used normally and with little balance left: You also don’t need to worry, just continue to lay flat.
Bitcoin breaks 100,000, and after the frenzy, a sharp correction arrives! Altcoins show strong resilience!
Yesterday, Bitcoin first broke through 100,000 USD, even reaching 104,000 USD, and everyone thought the crazy money-making days had arrived. Little did we expect, shortly after that, a significant correction followed, plunging below 90,000 USD almost overnight, with a daily drop of over 10%. This crash triggered 1.087 billion USD in liquidation amounts, setting a new high since the FTX incident, and the price has now recovered. After this correction, Bitcoin may enter a short-term consolidation phase, but its decline has also given altcoins a chance to rise: Major tokens like Solana showed signs of recovery, with Solana briefly rising to 242 USD; Ethereum recovered to 3,870 USD; Dogecoin also rebounded to 0.44 USD. These “opportunities” during the adjustments are worth paying attention to.
Bitcoin has broken through the 100,000 mark, witnessing history. In the face of this surge, some people are understandably anxious. However, making money in a bull market while maintaining a steady mindset is the key. Here are a few points to focus on: 1. Don’t let the anxiety of 'selling too soon' control you. Seeing a certain coin increase several times makes it hard not to wonder: 'Did I sell too soon? Should I chase it?' However, in a bull market, what counts is patience; don’t let anxiety dictate your actions. The market will always rotate, and coins that have risen a lot may not continue to rise; chasing them could lead to being stuck. The key is to safeguard your profits and not let momentary fluctuations disrupt your mindset. 2. Diversify your investments; don’t put all your eggs in one basket. Putting all your money on one coin in hopes of getting rich overnight? Most of those ideas end up being 'harvested' by the market! The truly stable and profitable approach is to diversify your investments. In a bear market, accumulate coins; in a bull market, wait for them to rise one after another. Sell when they have risen to a certain level, and use the proceeds for other investments, without attachment. 3. Lock in profits during a bull market; save accumulating coins for a bear market. In a bull market, the buying opportunity is very small, and the profits from selling are the most valuable! Don't chase high prices in a bull market; instead, look for opportunities to sell your coins and lock in profits, then slowly buy them back during a bear market. 4. Execution is the key to determining your profitability. Many people know these strategies, but few actually implement them. The market fluctuates quickly; calmly executing your plan is the key to making money. Don’t let the immediate ups and downs impulsively sway you; sticking to the plan is the most stable approach.
So how do you withdraw money without freezing your card after making a profit? There are some methods introduced on the homepage, and everyone is welcome to add any good methods they think of.
Powell's speech releases significant signals, Bitcoin hits a new high, altcoins are worth paying attention to!
Yesterday, Powell's speech undoubtedly ignited the market! Bitcoin broke through resistance, surging towards the 100,000 mark! As expectations for a Fed rate cut in December gradually warm up, Bitcoin may break through its current range and rise further. Meanwhile, the market sentiment for altcoins seems to be quietly changing, with recent gains attracting considerable attention. Let's take a look at the key points from Powell's speech: 1. Rising rate cut expectations: Powell emphasized that the current low unemployment rate provides the Fed with more room for rate cuts, which could increase market liquidity. 2. Bitcoin recognized: He mentioned for the first time that Bitcoin has value like gold, and this statement undoubtedly brings new confidence to the digital asset market. 3. Continuation of the rate cut cycle: Powell pointed out that the rate cut cycle may not change in the short term, which is a relatively stable signal for the market.
Of course, while the market is booming, we must also be cautious about the current trends. Blindly chasing highs may expose one to the risk of being trapped. The current market is full of volatility, and sector rotation may occur in the future; everyone should remain calm.
Attention SHIB holders! The US government has transferred 54.89 billion SHIB tokens, and the market may be shaken!
Recently, the US government transferred 54.89 billion SHIB tokens (approximately $1.55 million) from the previously collapsed Free Trade Zone/Alameda to an address related to SHIB, with a transaction fee of only $5.73!
This means the market may experience fluctuations, especially for SHIB holders on Binance. In the short term, if the price drops, this could be a 'buying' opportunity for investors optimistic about SHIB!
It is still uncertain how these tokens will be handled in the future, but this incident reflects the increasingly important role of cryptocurrency in global finance and raises alarms about cryptocurrency regulation. Everyone should pay attention to market dynamics, observe how price fluctuations develop, and seize potential new trading opportunities.
Recently, a wave of cryptocurrencies has seen a significant rise. Everyone should be cautious about chasing the highs, and careful consideration is needed for when to enter the market.
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Regarding the questions raised by some people about when to enter the market, here is my position-building strategy for everyone to参考一下: 1. Buy near the current price: First, I will establish a part of my position near the current price. 2. Increase leverage during pullbacks: If the market experiences a pullback, I will increase my position using one-time leverage at lower levels. 3. Adjust position after price rises: When the price rises again, I will close the leveraged position to replace the previous higher-cost buy positions. #仓位管理 This position-building method can ensure that I do not miss the opportunity while avoiding the pullback risks associated with chasing higher prices. However, it is important to emphasize that this strategy is suitable for situations where assets have just reversed from the bottom, broken through resistance levels, and have not increased significantly. If an asset has already risen significantly, then chasing higher prices should be approached with caution. In any case, reasonable position control and risk management are crucial.
#bnb创历史新高 #trx #TRON Black Swan? More good news? BNB hits a historical high, TRX surges by 90% in 24 hours!
Affected by the changes in the situation in South Korea, Bitcoin briefly dropped to 93,000 last night, and Ethereum fell to 3,500 USD, but showed some recovery this morning.
However, the most volatile last night was TRON's native token TRX, which was listed on exchanges like Binance, and surged by 92% in 24 hours, reaching a historical high. BNB also reached a historical high of 750 USD this morning.