Let's chat casually today.
This round of the bull market is expected to have no surprises; our investments are normally capable of making money in the future.
Many buddies started to frantically invest after getting positive answers from Thirteen, and Thirteen has emphasized this many times.
We are not omniscient gods; the future cannot be predicted.
The most certain thing in the crypto world is its high risk; one may never know when a black swan will emerge, leading to a sharp market decline and causing countless people to suffer.
Currently, what Thirteen worries about the most is that there are problems with the economy in the U.S., which could trigger an economic crisis.
An unreliable president, after regaining power, has become increasingly unrestrained. The key point is that America's debt has reached $36 trillion, and every year it needs to pay $1 trillion in interest on this national debt, which exceeds the total of defense spending and healthcare insurance.
No country in human history has faced such a high level of fiscal deficit without going bankrupt.
The U.S. relies on its economic dominance and dollar hegemony to pass its economic risks onto the whole world. When America's power was absolutely strong, this method worked.
It has also created miracles in human economic history; $36 trillion in debt has not gone bankrupt.
However, as the influence of dollar hegemony and economic hegemony continues to decline, this game of borrowing money is becoming a bit difficult.
If the government cannot solve the fiscal deficit problem, it is very likely to evolve into an economic crisis.
Trump has also taken many measures, the most straightforward being to raise tariffs and increase revenue, but those tariffs are almost a drop in the bucket for America's debt.
So, we need to closely monitor the economy over there in America.
By then, our buddies in the Thirteen circle will take profits and exit early; better to earn less than to be greedy.
2,
Once there are problems in the U.S. economy, it may suddenly explode without us knowing.
Because before an outbreak, they will try everything to beautify the data and cover up the fact of economic collapse. Once it starts, it will be a devastating blow to the crypto world.
The U.S. has a circuit breaker mechanism, but the crypto world does not; a 50% drop within an hour is highly probable.
What will we do then?
Most people in the crypto world will be momentarily stunned; one second they are envisioning luxury cars and beauties, the next second they start considering buying electric vehicles to join the yellow vest army.
Even if there is no economic crisis, this scene will occur the moment a bear market arrives.
How can we avoid such things from happening to us? Everyone should start preparing for this now.
Of course, this round of bull market has not ended yet; Thirteen is just reminding everyone of the risks.
Never become arrogant at any time; some people have made money in the crypto world, and when they go downstairs and see how many poor people there are, they think about how much effort it takes to earn a little selling vegetables, while I lie in bed and earn what they make in a month.
Once, while having dinner with a crypto buddy, a sister came over to distribute flyers; they had opened a flower shop.
At that time, this buddy disdainfully said, 'Can this make money? What era is this...'
Later, the bear market came, and this buddy went from being rich to being in debt, while the sister who owned a flower shop continued to run her flower shop, living happily.
Crypto people must not lose touch with reality; do not become disconnected from the real world.
Otherwise, you will become arrogant, thinking you are really amazing, but in the eyes of others, you are just a clown.
To this day, the old man at the door downstairs scoffs at Thirteen, who stays at home doing nothing every day.
Several times they advised me that young people should find a good job; that would be more stable.
We cannot rely on our parents; I...
3,
In terms of the market, Thirteen mentioned a few days ago that the volatile market will continue.
Without significant positive news to lure funds into the market, there will be no changes in the market.
Currently, Bitcoin is still fluctuating around 104, and Ethereum around 2500.
At least now, there are still no signs of a reversal; a couple of days ago, a buddy privately debated with me, believing that the market would definitely reverse yesterday, very confidently, even wanting to bet his life savings.
Thirteen is also kind-hearted and did not take it to heart with him.
Now this buddy has stopped talking.
Previously, Thirteen has repeatedly stated that one should not place too much importance on technical analysis, nor should one overly focus on the Federal Reserve's interest rate meetings.
Because in this volatile market, technical analysis is mostly ineffective; the forces of bulls and bears are relatively balanced. Of course, making high sell and low buy within a volatile range is also possible.
But if you just happen to enter the market when a reversal starts, whether you profit or lose depends on luck.
Everyone should not believe various good news recently, and even more so, do not invest based on it; the risks are too great, and one must be cautious.
According to our Thirteen circle's investment method, regardless of market fluctuations, we can cope calmly.
The weekend has arrived; wish everyone a happy weekend.
Keep it up, crypto people.
Welcome to follow Thirteen, let’s traverse the bull and bear markets and see through the affairs of the crypto world.