Bitcoin's New High Sparks Debate: A 2019 Incident of a Hangzhou Woman Buying Bitcoin and Being Sent to the Hospital Resurfaces, Who is More Rational?
After Trump was elected President of the United States, Bitcoin has continuously refreshed its historical high, approaching $90,000, and the crypto community believes the bull market has arrived. At this time, a five-year-old news article has once again sparked heated discussions in the community.
A screenshot of an article shows "A Hangzhou Woman Bought Bitcoin and Was Sent to a Mental Hospital by Her Husband," published on November 14, 2019. The content describes that on the eve of Singles' Day, a woman in Hangzhou spent over 3 million RMB to buy about 60 Bitcoins. When her husband saw the bank account emptied, he sent her to a psychiatric hospital. The attending physician stated that she had severe compulsive buying disorder, and the patient was receiving treatment. However, Toutiao is a Chinese social media platform that recommends content based on algorithms, with mixed sources of information, and the article is old, making it difficult to determine its authenticity.
This article was also widely circulated in the crypto community in 2021, when the Bitcoin bull market peaked at $69,000, and people believed the woman's husband should have been the one sent to the hospital. In this round of the bull market, Bitcoin reached a peak of $89,940. According to calculations, if the woman had held onto her investment, the 60 Bitcoins could be sold for about 39 million RMB at the highest price. Based on the highest price of $9,505 just before the incident, the cost of 60 Bitcoins was about 3.99 million RMB, yielding a net profit of about 35 million RMB, with an increase of 875%.
Although many people ridicule the woman's husband for not understanding the value of Bitcoin, very few people can hold 60 Bitcoins for 5 years. In the short term, Bitcoin plummeted to between $6,000 - $7,000 in December 2019, so perhaps the woman's husband was more rational.
Kusama's Trump Economic Proposal: Can It Help Shiba Inu Coin (SHIB) Break Through $0.0001?
Shiba Inu leader Shytoshi Kusama proposed a blockchain-powered economic plan for Trump. Can it increase SHIB price to $0.0001? Shiba Inu (SHIB) has surged after Donald Trump was re-elected as the 47th President of the United States. The price of SHIB has almost risen by another 0 in early September and is currently hovering around $0.000025. Interestingly, some community members believe that the recent gains mark the beginning of a major rally for Shiba Inu. They predict that Trump’s victory, coupled with other developments like Shytoshi Kusama’s SHIB proposal, could see Shiba Inu reach higher targets, such as $0.0001.
Dogecoin (DOGE) Targets $0.50 Again: Is a New Rally Coming?
Uptrend analysis Dogecoin is consolidating gains above the $0.320 resistance against the US Dollar and is expected to move above $0.400. Its price is consolidating like bitcoin and remains above the $0.320 resistance. It is trading near the $0.3750 level and the 100 hourly simple moving average. It has broken a key bearish trend line with resistance at $0.3670 on the hourly chart of DOGE/USD and is likely to continue rising if it clears the $0.400 and $0.4150 resistance levels.
Dogecoin price consolidated above the $0.320 area and rose after forming a bottom above $0.350. It broke the $0.3550 and $0.3620 resistance levels and climbed above the 23.6% Fibonacci retracement level of the particular downside move. It also broke a key bearish trend line of $0.3670 on the hourly chart.
FET can be considered for buying. After all, there will be AI earnings report on Wednesday this week, which is a stimulus for the AI sector. Judging from the price trend, it has performed well.
Although major technological updates of AI are the key, this earnings report will have some impact. The current price is 1.29, so you can enter the first position.
The long orders of value coins have been closed for profit (I usually don’t sell when the price drops, and I put a stop loss at a low level 1 hour ago after the rebound. As a result, I lost money when I woke up, but this stop loss was still at the entry price on November 5). Now looking back at the stop profit prices, they are all higher than the current price
AAVE 169 vs 154 IMX 1.3 vs 1.18
The last one that is strong is actually my old friend $NEAR
The current situation of value coins no longer having value is very sad
Can XRP reach $1 in the next 15 days? How high will Ripple go?
At the beginning of the year, XRP was priced at $0.6295. Currently, it is priced at $0.7965, having grown by 26.52% year to date. Meanwhile, the Bitcoin market has experienced a massive growth of 98.13% during the same period. Many top cryptocurrencies, including Solana and BNB, have performed strongly this year. Some experts believe that the XRP market may not fare better in this crypto bull cycle. However, not everyone accepts this view, especially XRP enthusiasts. They have several strong reasons to believe that there is still hope for the XRP market. Let’s understand why they remain confident even at this last moment.
ACT's price increased by 269 times! The secret of the operation behind it
ACT's price increased by 269 times in 7 days, which was caused by the dealer's operation, an abnormal market phenomenon.
On November 11, ACT's K-line increased from $0.02 to $0.3 in 3 hours, an increase of 15 times. Previously, its market value did not fluctuate much, but it soared to $420 million on the 12th.
The purpose of this move: to start the AI meme narrative to gain attention; Biambo traffic, let retail investors FOMO to pay chips.
Public, Liuliu Talks about Coins (early review strategy analysis of Bitcoin and Ethereum from Monday to Saturday, long-term recommendation of high-quality coins and live analysis)
The founder of ACT tweeted on November 10, seemingly implying that it had nothing to do with the subsequent explosion, and may have completed the exchange of chips with Binance or market makers.
On-chain data shows that ACT hired Wintermute market maker after listing on Binance, which received ACT worth $5.11 million from the ACT community multi-signature wallet 8 hours ago.
Subsequent trading: Bian may have been shipped, and the subsequent ACT price increase depends on retail investor sentiment and market maker operations; Wintermute market making style can be studied by yourself.
Personally, I think the subsequent ACT will mainly depend on retail investor sentiment, and finding a new AI narrative meme may be more cost-effective.
8 important tips after financial freedom in the cryptocurrency world #btc7772
Many people want to achieve financial freedom through the cryptocurrency world, but there are challenges after success. Here are 8 points to note to help you keep your wealth and enjoy success.
1. Protect privacy. After success, don't show off your wealth and income on social media, which can reduce unnecessary attention and ensure your own safety.
2. Choose your social circle carefully. Not everyone understands the risks and returns of the cryptocurrency world. Keep a distance from those who don't understand you, which is conducive to protecting wealth and emotions.
3. Stay away from high risks. After success, don't get involved in gambling, drugs, etc., which will damage your body and mind and destroy your wealth and efforts.
4. Stay calm. Keep a calm mind, don't participate in meaningless disputes and conflicts, and put your time and energy on more valuable things.
5. Help others and love yourself. Moderate help makes success more meaningful, but respect the choices of others. At the same time, don't ignore your own health and spiritual needs.
6. Invest cautiously. Don't rashly invest in unfamiliar fields. Investment requires in-depth understanding. Knowledge can create wealth.
7. Be cautious in starting a business. Starting a business should be based on passion, not just for making money. You must be passionate and fully prepared, and not impulsive.
8. Pay attention to health. The body is the foundation of wealth. After success, you must pay more attention to it so that you can enjoy the results.
Follow these advices to better protect wealth and enjoy the fun of financial freedom. Success is a continuous journey, not a destination. #新币挖矿&盘前交易USUAL #美国零售销售数据即将公布
The middle track of the daily line continues to show strong support. As the key dividing line between long and short sides, its importance is self-evident. In the short term, the market is in a state of shock adjustment, and the retracement is within the normal correction range. This is a gradual repair of the previous rising market. Although there may be a slow rise in the short term, the overall market structure remains strong.
Public, Liuliu Says Coins (early review strategy analysis of Bitcoin and Ethereum from Monday to Saturday, long-term recommendation of high-quality coins and live analysis)
From the four-hour structure, the price did not continue to fall after sliding from the upper track to the middle track, but rebounded slightly. The moving average system is messy and divergent, which means that short-term shock adjustments will continue. This round of decline rebounded quickly after touching the lower track, fully demonstrating that the bullish momentum is sufficient. The subsequent operation strategy should be mainly long at low levels, and patiently wait for further changes in the market.
The price of big cake is 88000-87800, stop loss is 600, and the target is 90000. The price of Yitai is 3070-3050, stop loss is 30, and the target is 3170.
For the first time, Bitcoin daily line showed a negative line without a new high, which indicates that the bullish trend has entered the range oscillation callback stage. From the one-hour level, the position of 89500 has clearly become a resistance level, and the support level below is 86200. The current box range is 89500 - 86200.
Although the overall trend is still bullish, the trend is in a correction state in the short term, so we should follow the market changes and adopt the strategy of shorting first and then longing in operation.
Intraday operation suggestions: short when the price rebounds to the range of 88500 - 88800, and cover the position if the price reaches 89100. The target is around 87000. When the price reaches this target and fails to break through the support level below, you can go long directly.
After reviewing the rise and fall of the last MEME season, it was found (taking Binance as an example) that many meme coins that soared in the MEME season experienced a surge in a very short period of time, and then fell into a long period of decline, and finally gave up most of the previous gains.
Therefore, to participate in MEME investment, it is necessary to enter the market early, leave the market quickly, and make accurate selling decisions. Don't fight to the end. Only in this way can the final victory favor those diligent investors.
Whenever the market trend is not as expected, various statements will appear, such as "the distinction between new and old currencies", "only certain assets are traded in a specific cycle", and even "this bull market is different from the past".
I think these are all speculations and cannot be used as a basis for investment judgment. For my investment portfolio, I only focus on one core: focus on the growth potential of the five major tracks.
I focus on the five major tracks of public chains, wallets, decentralized exchanges (DEX), lending, and stablecoins, and will not be swayed by external temptations and panic.
I only pay attention to whether the growth potential of these five tracks is still strong. In the long run, these tracks still have great potential. Continue to evaluate the competitiveness of the projects held in their respective fields. As long as they maintain their advantages in the track, I will continue to hold them and will not change my strategy due to short-term market fluctuations.
Next, I will announce the next ten-fold potential coin in the news! It is better to grasp it than to guess blindly! Comment 666, share without taste.
Meme coins outperform altcoins, with PEPE and PNUT taking the lead
Meme coins have taken the cryptocurrency market by storm, attracting investors with their astonishing returns. The rapid growth of meme coins such as PEPE and PNUT has made them outstanding digital assets. #btc7772 Their high volatility and strong social media appeal are driving investors towards these high-risk, high-reward tokens. Meme Coins Take Over the Crypto Market Eight of the top ten best performing cryptocurrencies in the past 24 hours are meme coins. PEPE and PNUT led the gains, while other similar meme tokens rose less than 40%, but also outperformed many altcoins, highlighting the strong interest of investors in this field. The continued growth momentum of these tokens shows that the market focus is shifting from mature assets to more speculative investments.
Will BONK break the $0.00003483 resistance and set a new all-time high?
The BONK meme coin is currently trading at $0.00003394. Due to the broader market correction, the BONK price has fallen 8.82% from its opening price of $0.00003724. #btc7772 The bullish recovery in BONK’s price led it to rise by 132% before the intraday pullback. The recovery rally started from $0.00001717 and reached as high as $0.000040. Will this uptrend lead BONK to a new all-time high? On the weekly chart, BONK’s price action is showing a bullish breakout of a triangle pattern. It has formed a bullish pennant pattern with the prevailing uptrend.
However, the recovery momentum has struggled to convincingly surpass the 23.60% Fibonacci level at $0.00003483. Moreover, the weekly MACD indicator shows a positive crossover, supporting a bullish upside move.
Recently, there has been a "squirrel effect" storm in the cryptocurrency market. After Elon Musk said "A squirrel will save America", $PNUT responded quickly, soaring more than 300% in one day, boosting market sentiment and leading the rise of the Solana sector. The $PNUT craze also affected derivatives such as FRED, SHRUB and OPK, which rose by as much as 1000% in one day.
Elon Musk's words became the "catalyst" for $PNUT, and "squirrel" became a hot topic. With Musk's influence, $PNUT has received widespread attention, from a mild rise to a surge of 300%, reflecting Musk's guidance on market sentiment.
Public, Liuliu Says Coins (early review strategy analysis of Bitcoin and Ethereum from Monday to Saturday, long-term recommendation of high-quality individual coins and live analysis)
$PNUT has attracted investors' attention and increased the popularity of other currencies on the Solana chain. Market analysts said that the "squirrel effect" is not only a rise in coin prices, but also a manifestation of a new type of Meme coin speculation model, bringing new ideas and inspiration to the Meme coin market.
The surge in $PNUT ignited other currencies on the Solana chain. Derivatives such as FRED, SHRUB and OPK rose by more than 1000% in one day, showing the vitality of the Solana sector.
The factors behind this are intertwined: First, Musk's influence and remarks triggered a chain reaction, especially in the Meme coin market; second, the Solana chain's infrastructure is excellent and efficient, creating conditions for capital influx and activating popular projects. Emerging currencies such as FRED and SHRUB rely on the advantages of the Solana chain to amplify the rising effect. This highlights the prosperity of the Solana chain ecosystem and the investment potential of Meme coins. The achievements of $PNUT provide evidence for the future financial application prospects of Meme coins.
Brothers, $ACT is a currency worth paying attention to at present. It is volatile and not suitable for opening contracts, but judging from the market trend, it may explode. Those who haven't gotten on board can buy some spot. #btc7772
Reasons for choosing ACT: The market trend is good and the sentiment is optimistic. It has the potential to rise and has the opportunity to explode in the short term. Although its volatility is large, for spot, there will not be too much loss pressure in the short term, while the risk of contracts is high. When the market picks up, ACT, as a potential currency, may get more funds and have room for growth.
Since it is not suitable for contracts, you can diversify your funds into spot and reasonably divide the warehouse to reduce risks. Although there are fluctuations in the short term, ACT has the potential to explode, and you can hold some and wait for the explosion.
The funds of the entire Solana chain are extremely eager to rise, and they are already hungry and thirsty. In this case, memecoins with slightly larger market capitalization have been hit hard, and the growth of currencies such as $LUCE, $BAN, and $DOGE has exceeded imagination. #btc7772
1. BTC rose by more than 9000u in a single day yesterday, and its highest increase exceeded 6000u. After breaking through 90000u for the first time, it further stood on 93000u, and then began to pull back.
2. The ETH exchange rate pair fell again, occupying a place in the top four currencies in terms of decline.
3. The activity of the entire SOL chain seems to have reached an extremely fomo level. It is estimated that it is only a matter of time before it sets a new record high.