The market has been rising continuously, and today a wave of decline has directly wiped out the recent gains.
It's not because the price has risen too much during this period, but because it has risen too little, continuously fluctuating slightly upward, so a sharp drop has wiped out nearly a month of gains.
Previously, the bottom-fishing position we really wanted has also arrived.
However, currently, not many people have the courage to bottom fish, after all, this momentum seems to want to continue to drop.
The market is basically on the sidelines.
This is the difficulty of human nature; facing this market, it is indeed difficult. If this market continues to drop, this position is just a bit above the midpoint of the mountain.
Whether to buy at a low price actually depends on everyone's position.
Many friends come and ask me, how is it to buy **coin? How is this price?
In fact, only God can answer such questions. Only God can predict the future; humans cannot.
If Shisan tells you that this position can be bought, what will happen if the market corrects later? I guess you will definitely curse Shisan behind his back, and the more you lose, the harsher the curses.
If you buy, Shisan is a god, and then keep asking Shisan to predict for you. There will always be times when it is inaccurate, and the result will always be to curse Shisan.
So answering such unresolvable questions is almost always a way to fool you.
Facing this market, the most correct choice is to determine based on your personal position. If your position is not enough, then a drop becomes an opportunity to buy at a low price.
If your position is already sufficient, then temporarily do not move. After all, your cash reserves are not that much. The best method is to wait and see, and when a continuous drop stabilizes, then proceed to buy at a low price.
Everything depends on your personal position, not on fortune-telling in the crypto world.
Do not place your hopes on a KOL.
2,
Is there any significant bad news behind this round of decline?
There isn't.
The data from this sudden drop is terrifying.
Basically, most of the long positions have been liquidated, and many institutions are currently also in a state of loss.
In the current market situation, the crash is seen by Shisan as a targeted attack on the bulls; it's artificial.
After all, the market has been fluctuating for so many days, and both sides have maintained a delicate balance, especially with the interest rate cut cycle starting.
This artificial behavior seems more like a preparation for new market highs.
Smashing the market before a big rise is a common tactic of the manipulators, liquidating long positions, clearing the retail investors off the train, and then suddenly starting a new trend.
Today, many retail investors have started to panic, and the most common message I receive is that I am trapped. What should I do now?
In fact, there is no need to worry. Even if your cost is around 4600, there is no need to worry. The possibility of breaking even or even doubling your investment in this bull market is very high, while the possibility of losing money is very low.
As long as you have not leveraged, just hold on calmly and do not be influenced by the various noises in the market.
On the contrary, if the market continues to decline, you can see it as a good opportunity to buy at a low price.
Never let the fluctuations of the market affect your personal investment emotions and decisions. Once you get caught up in it, you will find that you have lost your investment rhythm and completely become the manipulators' retail investors.
3,
During this time, Shisan has been advising everyone not to over-invest in altcoins.
Especially many new coins that have been launched, they are very popular, and everyone has heard many mythological stories about someone achieving financial freedom.
But do you know what the truth behind it is? It may all be fabricated by the project party, just to make you unable to resist chasing higher prices.
After all, a project can easily make the retail investors wealthy. Do you think it's possible?
The funding pool of a project is limited. If too many people make money, it is basically impossible to cash out.
There is only so much in the pool, where does your money come from? Don't just look at the value of these coins displayed in your wallet; it's just a string of numbers.
The market has no liquidity; if there are no retail investors to take over at high positions, your coins have no value.
Either the project party is hitting each other beforehand, putting on a show for the retail investors.
You can only speculate with small funds when the market is extremely inflated. Take your principal out once you make money, because there are enough retail investors to take over, but now, there are too few retail investors.
Most retail investors are still in a dormant period; these retail investors are basically just sending money into the crypto world because they will only enter the market when it is in a frenzy.
If you have altcoins trapped, hold onto those ranked in the top 50, and for those ranked lower or purely speculative, look for opportunities to sell, and try not to hold on stubbornly.
99% of junk coins after a glorious moment basically head towards zero.
If you still have leverage, then after this round of rebound, try to get out as soon as possible. Before the market rises, you may experience several rounds of shakeouts, and most retail investors will be forced to liquidate.
You can't even wait for the market to take off.
In the end, for this crash, everyone should not worry too much. We have endured such difficult times in the first half of the year; this little wind and rain does not need to be taken seriously.
Just do what needs to be done.
The bull market has not yet ended, and the mad bull has not yet arrived.
Keep it up,
Welcome to follow Shisan, to traverse through bulls and bears, and see through the red dust of the crypto world.