Highlights of this week: On December 12, APE staking rewards began to accumulate On December 13, the U.S. House of Representatives Financial Services Committee held a hearing on FTX On December 13, the United States released CPI data for November, with market expectations of 7.3%. On December 15, the Federal Reserve announced its interest rate decision On December 15, Federal Reserve Chairman Powell held a monetary policy press conference
The excellence of Ethereum lies in its continuous promotion of the development of blockchain technology and the vigorous development of related ecology and applications. In addition to acting as a cryptocurrency, it is also a key infrastructure in the Defi field, identity ecosystem, DAO and hybrid applications. It is constantly evolving and solving issues such as system scalability and privacy.
The bear market is really difficult, especially in the middle and late stages of the bear market, which is very temperamental. You can’t make money from spot trading, and it’s difficult to make contracts, so you basically don’t want to play the cards in a routine way. Keep grinding until you lose your temper completely, then suddenly explode and then plummet again. The story of the crying wolf is staged. Once you have developed your bear market mentality, it will start to fluctuate and rise, making you afraid to get on the bus. The next step is to continuously cultivate your bull market thinking. Finally, I will trap you on the top of the mountain. Then proceed to the next reincarnation.
Take a look at the changes in the top 10 market value of B circles in the past 10 years. The number one position is the big pie, which has not changed in 10 years. My aunt has maintained the position of second child since 2017. The last 7 are constantly changing, The old brands that have survived are LTC, XRP, and Doge. In three years' time, many B's here will be gone.
For traditional markets and Bitcoin in 2024, There may be many benefits: 1. Epidemic prevention and control is relaxed and the economy begins to recover 2. The U.S. is likely to cut interest rates and market liquidity will increase. 3. The Russia-Ukraine war is likely to come to an end 4. Cut the pie in half 5. Cryptocurrency regulation may be clearer
Now more than 90% of people in Circle B think this is the trend, right? The pie of $11,100 to $14,000 becomes the bottom. This kind of picture is the most ideal picture, However, whether it can reach or fall below this range, That's another story, Anyway, I have already opened a 35% position. I hope this interval can last a little longer.
Three years ago today (December 1, 2019) Wuhan reports the first case of new coronavirus of unknown origin. At that time, Bitcoin was worth $7,400 and Ethereum was worth $150. Three years have passed, At this time, Bitcoin is worth $17,000 and Ethereum is worth $1,200. It’s been three years, how are you doing? ? ? ? ?
In an interview with Tiffany Fong, FTX founder SBF expressed extreme regret for initiating bankruptcy proceedings. He claimed that "8 minutes after signing the bankruptcy proceedings, 4 billion US dollars of liquidity were added"; FTX US users are expected to get 100% of their money back. , FTX users are expected to get back 1/4 of their money; FTX US has always been 100% reserved, even if hackers stole 250 million US dollars, it still has sufficient reserves.
Let’s understand God V’s latest statement, Everyone can understand. I personally feel that many tokens are worthless. Because the quality of their products has nothing to do with their tokens. Only has governance rights or voting rights, but does not own any interests This kind of governance right is meaningless for most people who account for a small proportion. This is also the reason why I am not interested in many coins. Besides hype, it’s still hype, This is also the reason why many people think that the currency circle is a big market.
The currency circle has been too stable recently. The aunt’s price is around 1,200, and the pie is around 16,000. It lasted for more than two or three weeks Like fil, which hit $4.6 in June, it is now $4.37 It has been in a narrow range for 5 months. Except for Bitcoin, which fell below this round, Ethereum, Latiao, and BNB did not fall below the new low in June this year during the FTX thunderstorm.
You must have a clear idea of the money you plan to invest in the market For example, how much do you plan to invest in this bear market? This number should be money that does not affect your life If I invest in a bear for three years, can I accept it? Secondly, it is to reasonably evaluate the bottom If the price dropped by 85% in the previous round, the pie would be 11,000 However, the current bull market is not going up very high, so my prediction is that it will fall by 80%. That is about 14,000, which is actually very close now. This is a reasonable estimate, However, we also have to consider extreme worst-case scenarios If you encounter a huge black swan again, it will go to 8,000 If you really get there, you should have over-the-counter funds to add additional positions. For example, if you originally planned to invest 300,000, Then there is a black swan to 8000, Then you can increase capital by 10-20w off-site.
It is better to have goods at the bottom than to be empty. The remaining money can be dealt with flexibly Play with contracts with small funds You can still copy it if you encounter a black swan again