Making some small money in the crypto world
1. I would like to share some useful things. I have practiced them myself, but I cannot guarantee their effectiveness.
Recently, I shorted small coins on platforms like Matcha and other small exchanges from March to July. Only 11% of the coins saw a 100% increase when they opened, 18% increased by over 60%, and I achieved a profit of 66% by blindly shorting without any technical analysis, with an expected return of 25% on single coins.
This was using the information advantage gained from being in the crypto world for a long time where small coins would inevitably distribute and lead to value regression. Later, I incorporated my valuation system, which helped me avoid several coins that went bankrupt. This month, there was only one bankruptcy, which was an altcoin. After its crash, it dropped directly by 97% the next day, it was absolutely ridiculous.
Some coins cannot be shorted, like useless coins. I won't say much about other indicators, but one thing to note is that if the trading volume of contracts is too large, market makers will continuously cause liquidations and eat the funding rates, using the funds they gain to buy spot, which is costless for them as they keep pushing up the spot.
Since it's a worthless coin, it attracts many players to short and eat the funding rates, and they continue to push the price up to liquidate them. Once there are no more shorters, they will crash the price themselves because it has risen too high for you to buy. If you try to buy, they will just distribute the chips to you, allowing them to withdraw perfectly.
So my conclusion is that for coins with particularly large contract trading volumes, it's best not to short them. I think coins with a daily trading volume of a few hundred thousand dollars are already high. Those with order book volumes of only 10-50 USD, I've seen that most of them can be shorted.
2. ETH has led the market rhythm. Today it rose to 3600 USD, which is the rhythm the market should have. BTC's market share reached 58.27%. When it hits 32%-40%, that is the peak phase of a bull market, and you should advance and retreat accordingly.
Some people are asking how high BTC can go this time. Previously, I conducted an opinion poll, and the estimate was 180,000 USD. My prediction for you is 230,000 USD. Currently, the general market prediction is 150,000 USD. As for ETH, someone asked me what its peak is, just for fun, let's guess around 5000 USD, and for SOL, about 400 USD. Predictions are purely for entertainment and should not be taken seriously.
Wishing everyone riches,
Strong recovery, doubling assets! Follow closely with Jidong, layout in advance, easily reap great profits.
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