Let me tell you how I got into the circle. I had just graduated and saw some hot discussions about Bitcoin and other cryptocurrencies on social media. Many posts and articles were telling stories of people getting rich overnight by investing in cryptocurrencies, and I was tempted. My job didn't make much money, but I decided to invest all the little savings I had in the cryptocurrency market. I bought some Bitcoin and other popular altcoins at high prices, expecting them to continue to rise. However, the market soon entered a period of adjustment, with Bitcoin prices falling sharply and altcoins suffering heavy losses. Seeing my investment shrink significantly, I was unwilling to give up. I began to trade frequently, trying to recover my losses through short-term trading. However, due to my lack of experience and market insight, I always bought high and sold low, further expanding my losses. Every operation made my funds become less and less. Unwilling to admit defeat, I decided to go all out and trade using leverage. I borrowed a lot of money, hoping to magnify my gains through leverage. However, the market fluctuated greatly, and my position was forced to close in a big drop. Not only did I lose all my principal, I also owed a large debt. While looking for a quick way to make a profit, I was attracted by an investment project that claimed to be "guaranteed to make money". The project looked very professional, with a beautifully designed website and promised high returns. I invested the last bit of my savings, only to find out that it was just a scam. The website soon disappeared and the project owner ran away with the money. In the end, I not only lost all my savings, but also had a heavy debt. My life became very difficult and I had to borrow money to maintain my basic living. Whenever someone mentions cryptocurrency, I feel a wave of bitterness and regret. My story reminds us that the cryptocurrency market is full of opportunities, but also full of risks. Without sufficient knowledge and preparation, blindly pursuing high returns will only lead to huge losses. Before investing, understanding the market, doing a good job of risk management, and carefully selecting projects are the sound investment methods.
Looking at his Bitcoin account, he found that the value of the currency had dropped again. He said self-deprecatingly: "This Bitcoin is like my girlfriend, hot and cold, and her mood changes at any time!" His friend Lao Wang laughed and said: "That's true, at least your girlfriend can be coaxed, but this Bitcoin can't be coaxed!"
To avoid blindly investing and getting yourself tokens you don’t need, remember to always consider the following factors: 1. Total supply and circulating supply 2. Distribution and distribution recipients 3. Vesting period 4. Distribution percentage 5. Demand After conducting a careful analysis, you will be able to determine whether a project is worth investing in.
As the overall market becomes increasingly unstable, the entire MEME market is also trending downward. According to data from coingecko, the MEME coin market fell by 22.5% on the 7th. Data on July 5 showed that the number of MEMEs in Solana's newly launched trading pool in 24 hours was 1,350, more than half of the daily average of more than 3,000 in May and June. The previously popular pre-sale tokens, celebrity tokens, and cat and dog tokens have also been declining. The prices of new mainstream MEME coins such as BOME, POPCAT, michi, and MOTHER have been cut in half in 5 days. As an asset class with extremely high volatility, the madness of MEME is obvious to the crypto community. When the market is experiencing a decline and violent fluctuations, the instability of MEME is even more exposed. At this time, the project parties who are still entering the market to compete for this piece of cake have obviously not caught up with a good time for the time being, and can only wait for the subsequent market to pick up. PANews will also continue to pay attention to the progress of the MEME issuance platform. #meme板块关注热点 #BTC☀
Solana Ecosystem re-staking protocol Solayer announced the completion of the builder round of financing, and the specific investment amount was not disclosed. Investors include Solana Labs co-founder Anatoly Yakovenko, Marinade core contributor Michael Repetny, Solend founder Rooter, Tensor co-founder Richard Wu, crypto KOL Ansem, Polygon co-founder Sandeep Nailwal, etc. #sol板块 #BTC☀
Although the MEME market is also facing a shrinking state, there are still more players pouring in. In June, DEX Screener launched Moonshot, a distribution platform similar to Pump.fun, which is considered a strong competitor to Pump.fun. DEX Screener is a common tool for MEME players to watch the market and a platform for discovering new tokens. After Pump.fun became popular, many tokens were released by Pump.fun. After Raydium was launched, players would go to DEX Screener or birdeye, a more professional viewing platform, to watch the market. Obviously, DEX Screener is unwilling to be just a "taker", and the launch of Moonshot seems to be a natural thing. Moonshot is exactly the same as Pump.fun in most functions. DEX Screener said that its launchpad ensures that all smart contracts launched on the platform are fully audited. In addition, Moonshot raises the threshold of tokens to more than 500 SOL to obtain liquidity pools on Raydium. However, Moonshot did not launch the communication section and live broadcast function of Pump.fun, which also caused the platform to be less popular than Pump.fun. Pump.fun founder Alon responded to the emergence of competitors on Twitter: "You can imitate products, but you can never imitate culture." As of July 5, Moonshot's total revenue was approximately 3,645.65 SOL ($461,685.48), less than Pump.fun's daily revenue.
Bitcoin broke through the 4-hour downward trend and turned into an upward trend. This wave of rise is still a relatively strong trend for this period of time, and looking at the daily line structure, it also held up the last key support level. Therefore, the layout around 58,600 given to the group before is quite powerful. Congratulations to the brothers who entered the market and held on patiently. The launch of Mentougou and Grayscale ETF in July are likely to cause a small drop in the market, so it is best not to chase at this position, and keep your total position at around 50%. Some friends have been trapped in a lot of altcoins before, so you can consider covering your positions. Be patient and wait for the rotation of altcoins.
This morning, the Iran-Israel conflict led to a series of reactions in the financial market. Spot gold and the US dollar rose all the way, and then BTC fell below 60,000 again. The response after the conflict seemed to slow down. "Don't believe it". Refer to the Russian conflict at the beginning of the bear market in 22 years. The fight got bigger and bigger..., affecting a series of financial policies, including today - a US Federal Reserve official came out to talk about interest rate cuts this year. Since there is no regulation on cryptocurrencies, such talkative explorations will be more and more frequent in the future... In the next two months, there will be half good and half bad news. Leveraged players need to be cautious! There are still ten hours left before the halving. Tonight is destined to be a sleepless night. I will briefly talk about my personal views on the market before and after the halving. The difference between this round of bull market and the previous ones is still quite large. The first push point of this round of bull market is the second push of the ETF spot army this year (historical data shows that it is usually two before the halving). You can clearly see the fault-like rise from January to March. The spot ETF that has driven this round of trading has been in a state of net outflow for a long time due to Grayscale's continuous selling, which has continuously hit the market. Many friends are optimistic about the big rise after the halving. I personally think that the rise is certain but not now, especially in the short term after the expected landing. The layered rise of 40,000-53,000 below shows that big investors have purchased a large number of chips here in the short term and quickly pulled up in a very short time. Whether it is the thinking of big investors or retail investors, will they lose their chips after the expected landing? I believe that before the halving, there will be big star short-term chips that will try to enter the market at the last minute. From this, it can be concluded that it is difficult to see a big drop before the halving, but as the news lands, the early profit-makers gradually begin to sell, and the market is likely to usher in a panic period. Market analysis: Combined with the above, because the strength of short-term chips in hot spots is uncertain, there will be a wave of FOMO sentiment after breaking through the key point, that is, continuity. Therefore, it is recommended to watch after the breakthrough of 3130, and a small loss is enough, but it cannot be ignored. The two rebound points below are 57800-53000. The first point can be used as a reference for rolling positions after rebounding, with a strength of about 1500-3000.The second point is the final bottom-fishing suggestion for long-term holding, waiting for the fermentation after halving. It is definitely safer to choose to enter the market after the market comes out, but you will also miss a lot of profits. There are pros and cons. Before the market starts, a small stop loss will bring big profits, and the profit and loss ratio is still very cost-effective.
Gold and the US dollar rose again, while the currency and US stocks fell. This is obviously related to the Iran-Israel conflict. Don't panic yet, hold your position! #大盘走势 $BTC