币姥爷
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February 19, 2025
In one more day, PI will be launched on various exchanges. To be honest, it is still difficult to understand that so many exchanges are gradually accepting the fact that PI is going live. From the perspective of exchanges, it's understandable for the sake of traffic, and even Binance might eventually yield to this huge wave of traffic. Anyway, the launch on exchanges is a done deal, and discussing it further is pointless. For us, we can see if there are arbitrage opportunities, because in my view, most of those holding PI do not understand trading, which provides potential opportunities for arbitrage.
As for this wave of traffic, it is uncertain whether it is a blessing or a curse for the crypto world, because unlike Trump and Libra, these coins have major holders with large stakes, and coming into the crypto space is purely for profit, which will drain liquidity from the crypto market. However, the PI coin will bring a large number of older individuals to the exchanges, and whether their pensions will be affected by PI is another matter. Anyway, it is not easy for PI to take from the crypto community. Even if it seeks to absorb funds, most of it would come from the pensions of older individuals, which does not concern us. But conversely, once a large number of older individuals enter the exchanges, it may bring some funds into the crypto space, as they might buy platform tokens or altcoins, which could also be a major consideration for exchanges launching PI.
In terms of market conditions, it has recently been fluctuating slightly around this position, with Bitcoin around 95,000 and Ethereum mainly in the 2,600-2,700 range, while other altcoins haven't experienced significant fluctuations. From historical data, if this is a bottoming out fluctuation, this duration is not long enough; normally it would continue to fluctuate for a while longer, from a few weeks to 1-2 months. Therefore, if you want to build a position, you should do so without pressure; normally, the market won’t turn sharply upwards.
On the other hand, if you are determined to buy at the bottom, you should buy now. You can buy less and buy slowly, but you must buy. Even if the upcoming fluctuations may present lower prices, why? This actually involves the issue of execution in a bear market. If you do not actively buy at this price, you will be even less inclined to act if it drops further. When you continuously validate your judgment as correct, you will remain obsessed in a bear market until the bull market starts, and then you will want to build a position again. Therefore, I have always advocated that one should be more active in a bear market and maintain a calm mindset in a bull market.
Thank you.
In one more day, PI will be launched on various exchanges. To be honest, it is still difficult to understand that so many exchanges are gradually accepting the fact that PI is going live. From the perspective of exchanges, it's understandable for the sake of traffic, and even Binance might eventually yield to this huge wave of traffic. Anyway, the launch on exchanges is a done deal, and discussing it further is pointless. For us, we can see if there are arbitrage opportunities, because in my view, most of those holding PI do not understand trading, which provides potential opportunities for arbitrage.
As for this wave of traffic, it is uncertain whether it is a blessing or a curse for the crypto world, because unlike Trump and Libra, these coins have major holders with large stakes, and coming into the crypto space is purely for profit, which will drain liquidity from the crypto market. However, the PI coin will bring a large number of older individuals to the exchanges, and whether their pensions will be affected by PI is another matter. Anyway, it is not easy for PI to take from the crypto community. Even if it seeks to absorb funds, most of it would come from the pensions of older individuals, which does not concern us. But conversely, once a large number of older individuals enter the exchanges, it may bring some funds into the crypto space, as they might buy platform tokens or altcoins, which could also be a major consideration for exchanges launching PI.
In terms of market conditions, it has recently been fluctuating slightly around this position, with Bitcoin around 95,000 and Ethereum mainly in the 2,600-2,700 range, while other altcoins haven't experienced significant fluctuations. From historical data, if this is a bottoming out fluctuation, this duration is not long enough; normally it would continue to fluctuate for a while longer, from a few weeks to 1-2 months. Therefore, if you want to build a position, you should do so without pressure; normally, the market won’t turn sharply upwards.
On the other hand, if you are determined to buy at the bottom, you should buy now. You can buy less and buy slowly, but you must buy. Even if the upcoming fluctuations may present lower prices, why? This actually involves the issue of execution in a bear market. If you do not actively buy at this price, you will be even less inclined to act if it drops further. When you continuously validate your judgment as correct, you will remain obsessed in a bear market until the bull market starts, and then you will want to build a position again. Therefore, I have always advocated that one should be more active in a bear market and maintain a calm mindset in a bull market.
Thank you.
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