If this continues, no one will be trading cryptocurrencies anymore.
Last night, the Federal Reserve finally cut interest rates by 25 basis points as expected. More importantly, it announced that it will end the balance sheet reduction on December 1.
Once the news broke, the crypto market did not rise as expected; instead, it experienced a slight decline. (Supplementary reading (BTC drops below 11 million: Where did the market's confidence go?))
In contrast, the U.S. stock market experienced a sharp rise, with Nvidia's market value, which had just boosted investor confidence at the GTC Autumn Conference, surpassing $5 trillion, setting a global historical record. Given the previous news that 'the Shanghai Composite Index has returned to 4000 points after 10 years', it's no wonder some people exclaimed, 'Brothers, we can't hold on anymore. Let's go play in the U.S. stock market, Hong Kong stocks, and A-shares.'
Don't post in the square anymore, your set of nonsense theories won't be accepted here. Completely devoid of traffic, old Cai.
蔡大哥加密日记
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The current A-shares are close to 4000 points, Bitcoin is over 110,000 dollars, the US stock market is at 23637 points, and large-cap stocks (large-cap coins) have all risen significantly, increasing risks and lowering yields. No matter which market, one cannot take large positions; at most, small positions to seek large returns, small positions to bet on those coins that have not been massively pumped. During this period, there is no value investing, and there are no highly certain matters.
With financing exceeding 2 billion USD and a valuation close to 10 billion USD, the super project Polymarket has recently been making headlines! Today, the founder Shayne's video has directly ignited the market, shattering doubts about not having a TGE. That's right, polymarket will also TGE list on major Cex. Today, I mainly talk about the Polymarket project. This project was previously participated by whales following friends at the end of 2023, and will also participate in predicting the 🇺🇸 election in 2024. Due to the lack of transaction fees, the overall user experience is very smooth, but at that time, we overlooked a very big problem. About the truth For friends who often use polymarket, many people are now increasingly accustomed to first checking the odds situation on poly when verifying something.
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In fact, it’s not that the NFT bull market has arrived, but rather that prices have fallen too much. The big penguin dropped to 8E last month, considering a purchase, and now it’s suddenly at 16E, watching it rise all the way up.
Meanwhile, big punks have seen million-level whales buying up.
Both indicate one thing. The market manipulators are starting to make moves, high-quality NFTs should be held patiently, and there will be opportunities; low-quality NFTs should be sold when possible in exchange for high-quality ones. #nft
There are indeed a lot of newcomers, and the core reason is that they haven't made big money yet. Currently, 99% of the copycats are worthless. For example, it's very normal for things like SSV to rise to $100, and now it's $11.
Don't just focus on Ethereum; ordinary people cannot rely on Bitcoin and Ethereum to make money, they can only gamble and engage in copycats.
This is the core reason why there will always be a copycat season, because Bitcoin cannot harvest the retail investors. Only copycats can do that, so it goes crazy, and in the end, it traps the top #NFT市场回暖 .
The biggest enemies of a bull market are only two: others and oneself.
In the last round, no one. No one could have imagined Ethereum rising to 4800, opening up the realm of possibilities. Train yourself to withstand the mindset of drawdowns.
It is very normal for a bull market to wash out leverage; after each pullback, it is a phase for entry opportunities. Currently, off-market funds have not rushed in to take loans, waiting for two months.
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If it goes up for a day, I have to reduce my position. What the hell are you playing at?
狂人
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The emotions have ignited, madness has begun, and the little frenzy is about to start reducing positions~
Overall, this second peak looks similar to what I expected because it rose quickly from over 70k, and the funds can withstand it, so it will be higher than that second peak in 2021. As for whether this is ultimately the peak, I don't know, but there is a lot of pressure around 11.7-12, so it's not easy to really break through it. Therefore, starting from 11.5, I will reduce one layer for every 2-3k until it starts to pull back~