College students enter the market with 5,000 yuan during winter vacation
Now the profit is more than 40,000
We haven't seen each other for a week. I wish you all a happy holiday.
Two days ago, Taiwan experienced the largest earthquake in 25 years. I hope all Taiwanese people can be safe. Money is only a thing outside of the body, life is the most important. 🙏🙏🙏
Let me share with you my current views on the market.
I believe the current consensus is that the bull market is only halfway through, and I think so too. To be conservative, I believe that this bull market will be at least above 150,000.
For retail investors like us, I believe that there should be relatively few people holding spot Bitcoin (even if there are heavy positions, a large part of them will probably be sold at around 70,000). Many people want to wait for the big pie of 50,000, including myself. I have cash in the OTC market, and I also want to increase my position, but will the big ETF institutions give us this opportunity to increase our position? Their cost price is also around 50,000. Not to mention Grayscale, they laid out their layout earlier, and most of the goods they sold were bought by BlackRock, which is actually a good thing. It is easier to pull the market when the chips are distributed to other institutions. However, Grayscale is also selling every day. I really don’t understand what they think. Do they really not plan to keep any of them? Does anyone know what Grayscale thinks?
Bitcoin has already reached 68k on March 4, and it is still at 68k now. Even though Grayscale has been selling for several months, buying is still so strong.
I think that in this bull market, Bitcoin will still have a correction of more than 30 points, but I don't think the price of 70,000 will be the same at least. Will institutions hit their own cost line, and then let retail investors buy the bottom and then pull it up? I think the probability is not very high.
From the daily chart, the current low point is also rising, and it is consolidating in a triangle. After consolidating for so long, I believe it will soon find a direction. Since this month, it has not fallen too much. It will soon usher in the next surge. Because of the ETF this time, I think the price of 70,000 is still very cheap. If it is spot, you can buy it at will, but my current contract position is too heavy, and it is not easy to operate.
I have held the contract for two months, but it has not reached my expectation of reducing my position. I have indeed spent a lot on funding rates. Yesterday, I closed 1,000 U of BNB to cover the margin of ADA, fearing that it would be liquidated. ADA is too torturous. After two months, it has returned to the starting point and has not increased at all.
Let's talk about Dogecoin. I had a capital of 0.135. A few days ago, I sold 3500U at 0.21, and there were still 1500U left. Yesterday, I bought some back at 0.18, so the opening price displayed would be higher.
Dogecoin, as the big brother of meme coins, not only has the support of Musk, but also has a strong community. It is right to buy it at a low price. As long as you hold on, the bull market will not trap you for long. I believe that there is no problem for the bull market to break through the high of 0.7. Maybe you think that the market value of Dogecoin is too large and it can't increase by many times. I think that although it will not increase by dozens of times like other meme coins, the most important thing is that it is stable and there is no risk of returning to zero.
My writing is not good, I just write whatever comes to my mind, if you have different ideas, you can communicate in the comment area, I will reply, it is normal to have disagreements, don't criticize if you don't like it. Love you guys🌹🌹🌹
