I'm confused. Really confused.
Some people have said it, some people can’t say it.
And it was the well-known media Bloomberg and Fox. The registrant of Fox TV warned that the SEC might postpone the Bitcoin ETF. The senior analyst of Bloomberg replied that it would definitely pass...
These Wall Street spokespeople are having a great time, but retail investors are suffering. Everyone is like headless flies, at a loss.
The market goes up and down. You think it is going to soar, but it will suddenly fall down. The main feature is that you can't predict it.
The SEC officially issued a statement earlier to warn investors not to engage in FOMO and not to follow other people's emotions. Maybe what you think is a good time is not the best time.
With its usual shameless style, some people interpreted this as the SEC's implicit warning to everyone not to be repeatedly ripped off by people on Wall Street, and not to chase high prices.
I agree with this view. After all, the SEC also represents the interests of a small number of people with the ability to snap their fingers. Even if they don't like it, they can't make it too clear.
Every time various media promote that the SEC is going to pass the ETF, these Wall Street elites run away first.
So in this bear market, we have experienced countless times that market sentiment and actual market conditions go in opposite directions. Do you think this is natural selection of the market?
Of course not, it is the Wall Street elites who are in control.
In fact, retail investors have no influence on the direction of the market. All our rhythms are completely led by the market makers. When the market makers are going to pull up the market, the market will rise, and retail investors will be late to catch up with the rise; on the contrary, when the market makers are going to smash the market, it will suddenly plummet, and retail investors will be late to realize and be left hanging in the air, and finally choose to sell at a loss...
This time, 90% of the media, celebrities, institutions, bloggers, and retail investors believe that it will definitely pass. Referring to the countless sad experiences in this round of bear market, Thirteen feels really insecure.
These unscrupulous media said it was passed on Tuesday, and then said it was passed on Thursday. In the end, it did not pass. Instead, it pulled up the market. The annoying thing is that the on-chain data showed that a big whale perfectly absorbed a large amount of chips before the big rise.
It's terrifying when you think about it. It's complicated and you can experience it yourself.
Don't be superstitious about the authoritative media. They are the spokespersons of Wall Street and their purpose is to influence the emotions of retail investors.
2，
Have you noticed that tomorrow is the final date for ETF approval, but the market makers are not making any big moves right now?
Why is that?
Are they not sure whether it will pass or have they already had enough chips?
Or maybe they took the opportunity to push the price up and then slowly reduced their positions? After all, today was a day of sharp rise followed by a downward trend.
The possibility of this happening is very high. I don't believe that the SEC did not tip off the major Wall Street institutions.
At present, almost everyone in the market believes that the SEC will definitely pass the Bitcoin ETF, which has led to a very serious consequence, that is, everyone's positions are generally heavy, and they are reluctant to get off the bus. After all, the market will skyrocket after it is passed, and that is all hard-earned money. Who can bear to get off the bus? They can't even walk.
The current market situation is that no one is willing to get off the bus.
Imagine how tragic the market would be if the SEC rejects it, and there might even be rivers of blood.
How much fun can the dealer have in this wave?
Although various information, including the operation of the institutions, the submission of documents, the vote of the SEC, etc., indicate that it will pass, there are great variables as long as the results have not been announced.
Of course, Shisan also thought that he was worrying too much. Supported by fear, I reduced my position to 60%, especially several altcoins, and I sold them at a loss.
The loss is only a few points, but I don’t want to suffer a bigger loss after a black swan event for these few points. The positions of Bitcoin and Ethereum are kept firmly. This is a long-term position that will be kept until the bull market.
Of course, this operation of mine seemed a bit stupid after the ETF was approved, but I have to make this choice now.
We don't seek to make more money, we just seek a stable expectation, reasonably control risks, and always put ourselves in a safe environment.
My career in the cryptocurrency industry over the years has taught me too many profound lessons. All of my once powerful friends have left the market, and I am the only one who is lucky enough to have survived.
3，
Those guys on Wall Street are some of the smartest people in the world.
Who knows, they are probably thinking about how to cheat retail investors now. The cryptocurrency circle has become a gloomy cemetery with cenotaphs everywhere because too many people ignore the risks and are easily led by market sentiment.
The more excited the market is, the more we need to jump out of it and think in reverse.
Of course, I still want to reiterate that there is a high probability that it will pass. If it passes, I will have a 60% position and will still be able to make money.
If it doesn't pass, my 40% cash position is enough for me to buy the dip safely without worrying about my life.
Based on this, Thirteen gives you some reference suggestions here:
If you are fully invested, the most important thing now is to reduce your position, mainly in altcoins. Bitcoin should not move. If it fails, altcoins will fall to their grave.
If you are like the blogger and have good position control, then just buy a bag of beef jerky and a bottle of beer and watch the show.
If you are short, you should build a position in Bitcoin appropriately. After all, if you miss it, you may not get any profit. However, a friend in the group said today that he would enter the market after the news came out and the market direction was confirmed. This method is also acceptable and relatively safer, but the profit is less.
The advantage is that once the price plummets, you will be the most popular person in the entire cryptocurrency circle. You have the entire position to buy at the bottom.
Tomorrow is January 10th, let's wait together~
The above content is for reference only and does not constitute any investment advice. Please pay attention to the risks.
To survive in the cryptocurrency world, you need to remember three things: risk, risk, and risk.
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