To those who don't want to study but still want to make big money in the crypto world:
Experts die in turbulence, newcomers die in trends, so why can't you manage to operate less during volatile markets? Why do you feel uncomfortable if you don't trade every day?
No matter whether the market is good or bad, you must trade. The result? The more you trade, the more mistakes you make, and the more mistakes you make, the more you trade. Waking up several times at midnight to check your phone, opening the K-line to look at prices multiple times a day, going back and forth, in fact, looking back, it would have been better not to trade or to trade less.
The methods you use in your trading show that you haven't regarded the crypto market as an investment market; you don't treat the money in your account as real money. Instead, you treat this money like play money, which is really dangerous.
Essentially, you are not investing; you want quick results in a short time. With this mindset, you have no respect for the market. When you lose, you want to win it back; when you have losses, you want to cut your losses, and in this endless back-and-forth, when will it end?
So, if you want to enter the crypto world, first understand the underlying rules of the game and the investment strategies, instead of just looking for positions, watching live streams, following analyses, and checking the market. It's not about following others daily for short trades or contracts, but rather allowing yourself to settle down, calm down, and genuinely learn the correct rules and strategies of the game. Move steadily and cautiously, not seeking speed but stability; only then can you have the chance to achieve stable compounding and lasting profits in this circle.
So, take a moment to calm down and learn how to achieve victory through stability.
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Look, after the 90000 test, it will reach the support level of 86400! It was close to 88200 before! There are too many uncertainties! So everyone must control the risk! Only after the correction is in place can it rise to a new high! #BTC $BTC
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#ETH走势分析 Although the cryptocurrency market has fallen sharply, as a senior investor, I can say that this is only temporary. The decline will not continue forever, and a rebound is bound to come. Although the decline will make people feel uncomfortable, it is also a good time for many experts to make plans. Without the decline, it will be difficult to have the opportunity to pick up low-priced potential coins. Without the decline, the value of many coins will be overestimated, and hot money will not come out. If hot money does not come out, it will become more and more difficult under the zero-sum game in the cryptocurrency circle. Each decline is actually a redistribution of funds. $ETH
Bitcoin and other cryptocurrencies suddenly plummeted. Among them, Bitcoin fell below $93,000 and fell back to $92,000, with a drop of more than 4% in 24 hours. Ethereum fell nearly 10%, and other cryptocurrencies also plummeted.
The sudden plunge of cryptocurrencies also caused many people to lose all their money. According to Coinglass statistics, more than 292,000 cryptocurrency positions were liquidated in the past 24 hours.
On the news front, members of the South Dakota Legislature postponed a vote that could allow the state to invest in Bitcoin, which actually killed the bill.
In fact, not only Bitcoin, but last night, U.S. technology stocks fell significantly, with the Nasdaq falling 1.21% to 19,286.92 points. Tesla fell more than 2%, Nvidia fell more than 3%, and Facebook fell more than 2%.
Previously strong Chinese stocks concept-based stocks performed even weaker. As of the close, the Nasdaq China Golden Dragon Index fell more than 5%. Among the popular Chinese stocks concept-based stocks, Pony.ai fell more than 20%, Tiger Brokers fell more than 13%, GDS fell more than 11%, Kingsoft Cloud fell more than 10%, Alibaba fell more than 10%, Bilibili fell more than 10%, and Tencent Music fell nearly 10%.
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Whales in the world of cryptocurrencies are individuals or entities that hold large amounts of digital currencies, and their impact on the market is often very significant. Their large movements in the market can lead to severe price fluctuations, either up or down, causing a state of instability. These fluctuations can be a major reason behind what is known as "disaster month" or periods that experience a sudden collapse in the value of currencies. The problem lies in the fact that whales have the ability to directly influence markets due to the size of their investments. For example, if one of them decides to sell a massive amount of the currencies they hold all at once, it could lead to a sharp drop in prices, prompting other traders to sell out of fear of further losses. Conversely, if a whale decides to buy large quantities, it could lead to a sudden price increase. One of the most important issues in this context is what is known as "Pump and Dump," where whales artificially inflate the price of a currency and then sell their large quantities when the price rises, leaving small investors with significant losses. Sometimes, these movements are so calculated that only large investors benefit from them, while small investors are exposed to high risks. #BinanceLaunchpoolRED $SOL
Market liquidity is at risk due to meme coins According to discussions held during the "Consensus Hong Kong" conference last week, market makers expressed concern that the meme coin craze has drained liquidity from the more productive sectors of the cryptocurrency market, making the market more susceptible to volatility. $SOL
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