The day before yesterday, Friday, was actually the peak, but I couldn't say it outright; I could only say to take profits and reduce positions. Today, I announce that this wave of upward trend is temporarily over; next is a daily level correction. There may not be good market conditions in the last few days of the month; I choose to avoid risks and exit the spot market.
This job is quite mentally exhausting, a battle of wits with the dog club. From a bottom of $74,500, it shot up to $111,950 in one go, with the main force not even taking a breather, directly exploding short positions. Then it broke through a previous high, and the emotions of the retail investors were stirred up; a pair of amateur retail investors rushed in to stand guard at the high position, temporarily becoming the ones left holding the bag.
So, for players like us who aren't greedy, we should close positions when we need to, and cash out when necessary. Chips at high positions have unknowingly completed a turnover; those brave ones who rushed in at $110,000 fantasize about it possibly reaching $200,000 next month—how is that possible? One million dollars could only happen at the next Bitcoin halving; this consensus is just our years of preaching and storytelling. Do you really believe it?
Bro, be a bit rational. I think it's already impressive if Bitcoin can reach half the market value of gold on a certain day of a certain month in a certain year. One million dollars, let the next generation of kids tell the BTC myth. Do you really think you can be a diamond hand and hold on until that day? I think the possibility is slim. Because the world has all kinds of temptations and scams.
Although Baoye has kidney problems, his wisdom is still unbeatable. Today I listened to his sharing in Southeast Asia, urging our national team to strategically reserve 5 million BTC, otherwise, we are bound to lose this financial currency war against the Americans. Actually, I also want to say such things, but we are physically in the mainland and cannot give advice. Retail investors can only leave it to fate, allowing the powerful to steer and operate; who told you and me that we are nobodies?
Is it useful for China to hoard a pile of gold? It’s a pity that the cost is too high; we should have given up on US bonds many years ago. Listening to those pseudo-economists leads people astray, like the wolf-calling beast. Oh, if life could start over, I would definitely go mix in as a minor official, offering strategies and ideas with my wisdom to save the masses from fire and water, allowing more people to escape their fates of being cattle and horses.
Unfortunately, we are just a bunch of stinky coin speculators. Even so, I still occasionally remind everyone that there are risks ahead, even if you and I have no relation whatsoever; just because you are a reader and I don’t even know who you are. Your investment actions are your own responsibility; others are merely references and won't give you any advice. Because any predictions or suggestions, including mine, could be wrong. There are no saviors in the world, and China has no heroes. We can't even make a movie about it; we can only create an animated film to self-indulge, shouting 'My fate is determined by me, not by heaven' in self-absorption and intoxication. What can we say about the fallen martial arts star Qian Xiaohua in his later years? From his eyes, I can see that as an actor, he has ultimately resigned to his fate. The glorious peak moments were actually shooting (zombie) movie series with Uncle Ying. After all, there is only one Jet Li, who has suffered from illness in his later years.
From the crypto world to kung fu, only the group leader has such imaginative levels. The others you see are probably written by AI feeding machine algorithms in a production line of articles; apart from me typing out every single word for you, with humor and sarcasm.
Today I did a live stream, and someone even actively wanted to connect with me. Of course, we talked about topics from another sector, hardly mentioning blockchain. Because in mainland China, you can’t just say whatever is on your mind; you know what I mean. I endure, I keep enduring. I cultivate my mindset to be desireless and unperturbed, with no emotional ups and downs. Even if I lose tens of thousands in a day, I won't show joy or anger. If I earn five figures in a day, I won't laugh either.
I estimate that besides Liang Xi and me, few people can treat assets as fun tokens. It's really hard for ordinary people to rid themselves of greed, anger, and ignorance. He is mad, I am just a bit off in my mind, too unconventional. Going against human nature is indeed a profound study or realm that cannot be replicated.
But the bull market hasn't ended, it absolutely can't end. Sun Ge has even walked into the White House, think about it, is this some sort of (oath of allegiance)? He's not worried that Trump will flip and directly put him under house arrest in the beautiful country; no matter how many bodyguards you bring, it won't help. Is this a real-life spy movie? Sun Ge speaks slickly with a hairstyle that can betray anyone; could he end up like Rui Chenggang? Interesting, he's even on the Forbes cover! No one thinks about how Changpeng has been in solitary reflection for months and has paid a massive fine.
Could it be that the TRUMP coin bought by Sun Ge is a disguised digital donation to test the waters, secretly conspired with the businessman Captain America behind the president to cut us together?
Good old Qi Tian Da Sheng, did you get bought off by the Jade Emperor, or did you secretly give the European and American institutions Huobi's equity? I can't even imagine it.
The above is purely fictional and humorous, but there may be a storm ahead, so prepare some precautions in advance. No, prepare an umbrella. Don’t get fooled by good news and rush ahead; even a bull market can have a counterattack. After all, fire prevention, theft prevention, and loss prevention are the basic skills for a retail investor. Only by acting contrarily to 90% of people can you have a villa by the sea...