I woke up early on the weekend and there was not much to say about the recent ups and downs in the market.

The whole internet has been eating melons these two days. The melon about Xu Bo is enough to be talked about for several days!

In my opinion, this kind of blessing will be squandered by him sooner or later. His virtue is not worthy of his position, and the cycle of cause and effect has led to his current situation.

As a person, no matter who you are, how much wealth you have, or what you do, your intentions must be positive. If your intentions are wrong, they will backfire sooner or later.

Next, let’s talk about the fact that cz Zhao Changpeng was sentenced to three years in prison. Many friends are worried about their safety.

The bear market is an opportunity for the poor to turn around, and time will give you generous returns. If you don't persist at the right time, you will not be rich. Regarding spot and cryptocurrency, please follow me and I will give you a strong ambition. The bear market is the best time to deploy a hundred times the currency! According to the author's observation, every bull market will give birth to several or more Bs with hundreds of times increase. Through review, we can summarize that there are several common characteristics and some core elements and conditions: First: it must be issued in 2022-2023. New currency; many friends don’t understand why it is a new currency and not an old currency. There is game theory in it. After an old project has experienced a bull market and then a bear market, it will be a huge damage to the confidence and belief of currency holders. Think about the project side's perspective. The capital cost of pulling up an old project is far greater than the capital cost of issuing a new project. Moreover, new projects have new narrative logic; it is easier to pull up without a lock-in, so choosing a new currency is the right choice. The probability of success is higher; and it also needs to go through a long period of bottoming, and the bottom monthly level has excessive volume and signs of major capital accumulation. Second: With unlimited imagination, it is best to change the production and lifestyle of all mankind; only through the scientific and technological revolution of disruptive innovation can such projects gather a strong consensus. For example, ChatGPT launched by OpenAI in 2023 brings disruptive innovative applications of artificial intelligence. In short, it requires capital support from the world's top investment institutions; institutions have better comprehensive judgments on technological revolutions than ordinary people, and are more likely to form a herd effect. Third: The most suitable market value is less than 100 million U.S. dollars. A small market value is a prerequisite. The probability of a market value greater than 500 million U.S. dollars is very small. Secondly, the fundamentals must be the investment background of core well-known institutions in the circle and the endowment of top IP traffic. able. (Refer to Musk empowering DOGE dog B) Fourth: Timing is very important. First of all, a good environment is needed. It must be at the end of a bear market and the beginning of a bull market. How to specifically judge whether it is a bear market or an early bull market? The reference standard is the Federal Reserve currency. The policy will prevail. If the interest rate hike comes to an end, the market may bottom out early and start a new round of market conditions. At present, the Fed's interest rates have reached a high level, and it is imminent to stop raising interest rates. As for when to enter the interest rate cutting cycle, it mainly depends on whether inflation drops to 2%. For the medium and long-term layout, the time for 100-fold B should be at the end of 2023.Fifth: During this period, focus on high-quality projects that attract market attention and are invested by well-known institutions. For example, the Ethereum second-layer network currently on the market is a sector where major investment institutions focus on investment, such as artificial intelligence. Sector, L2/Yuanverse application, game, defi and Hong Kong sector, etc., ten projects were selected for in-depth exploration, sorting out the project founding team, what investment institutions are behind it, and in-depth analysis of how the project is applied upstream and downstream. It is best to experience it yourself. Let’s talk about the project process. Generally, good projects have interactive airdrop rewards. Sixth: As the saying goes, if a project has its own traffic, major exchanges must be rushing to list it, so it depends on whether the project is listed on the world's largest exchanges, including B'an, coinbaes, okx, etc.; the exchange is the traffic portal; Those who are not admitted will not be considered. Because there is no need to waste time on good projects that have not been discovered by even more professional organizations than us. Not to mention copycat projects, especially Chinese projects, there are too many projects that collect IQ taxes in the currency circle and the projects are packaged in such a colorful way that it is difficult to guard against them. Many people cannot tell the difference. If ordinary people want to dig deeper into the information about the founding team and investment institutions behind it, they can use the chatgpt software to complete the project background investigation first and then consider whether to invest and how much to invest. Seventh: The iron law of making money in the currency circle is to speculate on the new and not the old. In essence, it is a new storyline and a new narrative. The early creative cohesion of the team is also the best period. The shortcomings of the project have not been exposed and it is easy to open up people's imagination. . Of course, if it is not an old project, there will be no iron trees blooming. The probability is very small. This is true for companies and people. After we select projects with 100-fold potential, it is best to establish a self-selected pool of no more than 10 projects. Be careful not to buy a full position immediately, but to observe the market sentiment and buy in multiple batches when the B price adjusts. Remember not to You can't hold it on the exchange like this. After buying it, mention it to your wallet. It is best if this wallet is not used frequently so it is easy to manage and is not easy to be stolen. If you can do the above, you have basically experienced more than two rounds of bulls and bears in the B circle. Old leeks understand what the author said and heartily understand it. If you make a lot of money in the currency circle and more than millions, you don’t need to read various news every day. , you can go to work or travel, it’s best if you don’t even have to watch the game;In a bear market, you can invest in B with a hundredfold potential; in a bull market, you can just sell. People say that it is more difficult to stay in B than to be a widow. The difficulty is that our attention is too high, but it is easy to fail to get a hundredfold or a thousandfold return. Judging from the market value ranking, in March 2020, among the top 600 B types by market value, 61 hundred-fold B types (secondary market) were born. Among the top 100 B types by market capitalization, 100x coins were born, with a total of 11, accounting for 18%, namely #BNB, #LINK, #ADA, #DOGE, #VET, #SNX, #SOL, #THETA,#HOT, #ENJ, #LUNA, Old B has a new narrative and a new growth point. For example, BNB and BSC chains broke away from a single exchange proxy. Among the top 100-300 B types in market capitalization, 21 hundred-fold B coins were born, accounting for 34.4%. Among the B types with market capitalization in the top 300-600, 22 were born, accounting for 36%. Based on the above judgment, there are only a handful of qualified Bs. The author lists several FET, SSV, RNDR, CFX, etc. and pay attention to them. Observe. Friends who have poor timing, like, favorite and follow. The above opinions are for reference only. Please refer to it carefully as an investment basis! Enter the small circle sou has the same name

BTC continues to rebound,

Breaking through 58,000 points, the rebound seems to be not over yet.

After adjusting for a day or two, it will continue to break through the 60,000 US dollar mark.

Today I sold some of the FETs that I bought at a low price some time ago at a high price, and did some appropriate T to increase my holdings.

This position is a relatively important selling pressure range. It would be better if there is a pullback, and then challenge new highs after sufficient momentum has been accumulated.

A friend asked, aren’t you afraid of being sold out?

Of course I am afraid, but I think the probability of going up directly before the interest rate cut is small.

There is still one week left before the interest rate cut, so there is enough time to buy back at a low price.

Featured News

1. Aave v3 has re-enabled the collateral repayment function

2. Wintermute currently holds 0.5% of the total supply of NEIRO, or is a market maker for the latter

3. Fractal Bitcoin Mainnet Launch Plan Token Rewards Have All Been Distributed

4. Ethena: The airdrop inspection page will be launched next Monday

5. Bitcoin network-wide contract holdings rose 3.16% to $29.688 billion

6. CoinGecko report: Magic Eden transaction volume exceeded $120 million in August, with a market share of 36.7%

The hottest trend in the market these days is Apple’s AI mobile phone. Currently, FET, the leader in the AI ​​concept in the cryptocurrency circle, has the best growth rate. This is also the target with the longest layout and the most important one in our community.

On Friday, we said there would be a big rise over the weekend.

It seems that we have overestimated the current market situation. Everyone has given up resistance!

There was really no big rise, there was only two days of weak rebound. This kind of market situation is called garbage time in my trading career.

Garbage time that can't be helped!

But if there is garbage time, there must be highlight moments. This is the law of fluctuations in the financial market.

There is always a light at the end of the tunnel, and the real highlight moment will never come without notifying you in advance.

The real garbage time is when everyone is selecting targets, observing targets, and hoarding chips.

The data is out, not bad!
But there wasn't much of a surprise.
Everything is within expectations. Whether the short-term data is good or bad is at most affected by emotions. The general direction is within expectations, and it is unlikely that the market will be suppressed further.

The interest rate cut is a foregone conclusion!

These data are smokescreens, don't let them influence your judgment. If you need to buy, seize this month's strategic coin hoarding time.

The most important thing is to see whether the data after the rate cut is good or bad. If you are given candy, you have to perform better! If there is still no improvement, then be careful.

The principle is that it would be healthy if the data gradually recovered to a better state after a rate cut.

The positions that I missed out on a few days ago have all fallen back in the past two days!

I simply took back all the chips that were thrown high. Of course, many friends would ask if it was too early to take them back.

As for my high-selling positions, it was too early to buy them these two days, and I am still stuck with some losses.

But for the spot price, I would not worry even if I was trapped. It would only take a month at most.

I was deeply touched when I saw this picture on the Internet. It's really shameful that we have been holding on together for the past six months. How glorious it was before, how miserable it is now.
Now most of the altcoins have fallen and have room to rise back to their previous highs. Many coins have room to rise more than ten times.

The interest rate cut is coming soon and no one knows what to do!

The market is eerily quiet, with people fearing that one good or bad news after another might change the existing situation.

Of course, everyone is looking forward to an increase in interest rates. There was no interest rate cut before! Everyone still has an expectation and an idea.

It is not necessary to sell all of them. The closer we get to the interest rate cut schedule, the more difficult it is to predict the market conditions.

It is really difficult to deal with the market going up one day and down the next, but one thing is certain, once the floodgates of interest rate cuts are opened, no matter how big the extent is, sooner or later the water will slowly flow through the canals into the fields that need water.

The stocks that I sold out a few days ago finally started to adjust today, but you still need to wait patiently for the opportunity to get on board.

Otherwise, buying at a high price may trap you for another half a month. During this period, the only coins on the list of gains are small coins without contracts.

The ones that rebounded the most were sats in the Bitcoin ecosystem, as well as the two major leaders in the artificial intelligence sector, render, FET, etc.

These two are the projects I have held from last year to this year, but there have been a lot of adjustments in the past six months, and the profit of more than 100,000 oil has been withdrawn.

Originally the downward trend had not changed, so I was thinking of doing some small-scale trading and adding some currency base. Oh my god, the price kept rising every day, which really put me in a passive position.

Is trading virtual currency money laundering?

Some people are talking nonsense and taking things out of context. Anyone with a little common sense should read the explanation.

Many friends asked me what I thought about the news released yesterday by the Supreme People’s Court and the Supreme People’s Procuratorate about virtual currency transactions being a method of money laundering. See Picture 2.
But to be honest, as this industry has developed to this day, more and more shady funds are pouring in. If you want to deposit and withdraw money through the platform's formal channels, it is very easy to come into contact with illegal funds.
This is equivalent to telling everyone that virtual currency transactions are not outside the law.

Everyone must abide by the law and protect themselves!

At 1:35 a.m. on Wednesday, August 21, 2024 FOMC voting member and Atlanta Fed President Bostic will speak.

At 2:00 a.m. on Thursday, August 22, the Federal Reserve will release the minutes of its monetary policy meeting.

At 20:30 on August 22 (Thursday), the U.S. Department of Labor will release the number of initial unemployment claims in the United States for the week ending August 17.

On Friday, August 23 at 22:00, Federal Reserve Chairman Powell will deliver a speech on the economic outlook at the Jackson Hole Annual Meeting.

On August 18, Goldman Sachs detailed the agenda of the Jackson Hole Global Central Bank Annual Conference in its report this week. The most anticipated speech is Powell's speech. Federal Reserve Chairman Powell will deliver a keynote speech at 10:00 a.m. Eastern Time on August 23 (22:00 Friday Beijing Time). The speech will be broadcast live but there will be no question-and-answer session afterwards.