I'm numb from falling!
The market is too polarized!
Except for Bitcoin and Ethereum, whose trends have not yet broken, it is almost difficult to find targets in altcoins that have not broken. Even the market for 19 is gone now!
When the market was falling before, at least there were still stocks that were rising. Now almost all of them are wiped out!
There is only one explanation for the extreme market decline, which is that a big enough hole has been dug for the interest rate cut.
There will be enough room for growth in the future!
In this extremely bad mood, a big guy came up today to draw blood, zk.
The circulating market value alone is 1 billion US dollars, and the total market value is more than 5 billion US dollars. At this juncture, it reminds me of the ICP that was listed in May 21, which was a top-level project at the time.
It has been falling since its listing, and its current market value is still 5 billion US dollars.
The zk project is a rare good project on Ethereum’s second layer, but its disadvantage is that its valuation is too high, and the market is short of money. The project owner must have been kicked in the head by a donkey to launch it at this time.
The current market liquidity, especially the new currency, is being drained severely.
The main contradiction in the current market is that the vast majority of good projects and new projects have a valuation ceiling and must go through a round of valuation cuts until they are cheap enough before a reversal can occur.
What to do next?
For an old investor like me who has experienced several rounds of bull and bear markets, today's market conditions are nothing new!
But for a newcomer it may be the darkest moment in his investment career.
The market is always right. Find out the reasons why you lose money in every transaction, summarize and review it to avoid making the same mistake next time.
The market is always in a cycle
The only way to ultimately defeat yourself is to stick to the most basic investment common sense system, buy low, sell high, and overcome greed and fear.
As of today, it is definitely impossible to cut losses and exit the market given the recent market conditions.
It is an extremely irrational decision to cut losses and exit the market at such a low level. Even if you want to exit the market, you have to wait for a rebound cycle.
After this round of valuations have been driven down, the market will see a valuation recovery.
Now I am adding to my positions when the market is low to lower the cost. Now it seems that many of the stocks that I wanted to buy before are much cheaper.
For those who really want to get on the bus, isn’t this a good opportunity to bend down and pick up diamonds?
Today, Binance officially posted a pop-up window in the trading window showing the delisting date of FET on July 1, which caused some panic.
This reminder was originally well-intentioned, but the market interpreted it as negative news...
I saw many new users on Twitter panicking for the first time. I don’t know if it was intentional.
The entire artificial intelligence sector collapsed today. That’s good. I wanted to add more positions anyway, so I can buy more when the market falls.
For those friends who hold spot goods in the market, there is no need to panic at this time. As long as you can endure this dark period of valuation cuts, good times will come sooner or later.
The process is tough, but the final result is good and worth it. Stay confident that the bull market is not really over.
There has never been a bull market in history that ended before the interest rate was cut. This is the confidence that gives us the confidence to win as we persist.
Let’s share these today!
