Pi Coin Plummets! OK Platform Listing Halves Its Value, Domestic Trading Ban Sparks Outrage As soon as Pi Coin was listed on the OK platform, its price plummeted from $2 to $1 in an instant, a significant drop! What’s even more frustrating is that it doesn't allow us to trade here in China. As a result, there aren’t enough buyers and sellers in the market, money can’t flow, and prices become even more unstable. Isn’t it ridiculous? Pi Coin is listed on a platform that is quite well-known in the Chinese community, yet we are specifically barred from participating in the trading. As soon as you mention you are from mainland China, the trading page simply won't show you anything. Want to buy but can’t, want to sell but can’t get rid of it—it's truly infuriating! I guess they are doing this to avoid our country’s regulations and are afraid that those early miners who accumulated a bunch of coins will cause the market to explode if they dump them all. But in doing so, those of us in China who want to participate must feel incredibly frustrated, like looking at a table full of delicious food but being told, 'You don’t deserve to eat!' #Vote to Participate - Should PI be listed on Binance? #Binance HODLer Airdrop KAITO If you currently feel helpless and confused about trading, and want to learn more about cryptocurrency and get the latest cutting-edge information, follow me, and you won't get lost in this bull market!
Recently, many new friends have asked me how to operate when starting to trade cryptocurrencies with just a thousand bucks (U currency). Today, I will share a few tips based on my own experience. If you have 1000U, don't invest it all at once. Divide it into 10 parts, and use 100U each time to trade. As for leverage, about 20 times is reasonable; new traders can easily lose their composure with too high leverage. Keep the remaining 900U safely in a wealth management account as your 'emergency fund'. If you lose that 100U, don’t think about averaging down. A loss is a loss; take a moment to reflect, then give yourself a short break of a day or two to adjust. The Bitcoin market fluctuates daily, and there are plenty of opportunities, so don’t worry about missing out. Once your mindset is back on track, divide the remaining 900U into 10 parts, with each part being 90U, and start again. This time, be cautious and aim to recover the lost money. If you gain 300U, leave 100U in the account, and quickly withdraw the remaining 200U; this way, you'll feel more secure, and your mindset will improve significantly. In trading, position management is crucial. Even with a 90% win rate, one mistake can wipe everything out. Be sure to learn some trading knowledge, operate with light positions, and minimize losses. Many people lose money because they don’t understand the market and don’t manage their positions properly. When something feels off, reduce or close your positions; don’t hold on stubbornly. If you lose more than 2% of your total capital in one day, be cautious; if you lose 6%, quickly close the losing contracts, set a breakeven stop-loss for the profitable ones, and then rest for two or three days; don’t rush back in. Chasing highs is very dangerous; unless the market trend is very clear, don’t try it lightly. Be cautious when adding to your position after making a profit, especially after a significant gain; newly added positions can easily go wrong. If you need to add to your position, either act quickly or wait until the market correction is over, and remember to use the pyramid adding method to keep the risks manageable.
The funding rate for IP has reached negative 2, which indicates that there are many short sellers. No wonder the price remains high; this is a strategy to squeeze the shorts. It has already risen more than double from the bottom. As long as the shorts are not eliminated, this price will not come down. The market makers are absorbing the contract pool. However, as long as you short during a wave, that will yield a big profit. After the market makers cash out, they will definitely crash the market. It just depends on where you entered your short position. On the K-line, we have no historical reference. Of course, I will also lay low after giving the signal, aiming for the position just after it started. What goes up must come down. Do you agree?
The IP script is ready, leave 55 at the top 🚗 and bottom!
Continue observing: om, TUPMP GON #BERA #ARK ME BEL #参与投票-PI该上线币安吗? #币安HODLer空投KAITO #FTX赔付
People in the Pi Network community said that it is too narrow to benchmark Pi Network with cryptocurrency projects. Pi Network's vision is bigger than the entire cryptocurrency industry, so we need to benchmark $PI with US stocks and gold. But now after the opening, it is found that if we use US stocks and gold to benchmark $PI, the price of $PI can't really make the list, and it can't enter the price calculation chart, so we still have to use cryptocurrency projects to benchmark. At present, the price of $PI is about $1.5, and the circulating market value is about $2.5 billion, which exceeds Filecoin and is close to ICP; the fully diluted market value is $180 billion, which exceeds BNB and is close to XRP. In fact, this price is within expectations. Pi Network is an old project born in 2018. It can be regarded as a Layer1 public chain with a very large user base. Its market value is indeed similar to public chains such as ICP and XRP. More importantly, the exchange currently does not allow Chinese users to trade, and many users' coins have not yet been migrated to the main network. If it is really opened in the future, the uncles and aunts will smash the price of $PI to zero? The selling pressure is too heavy. The price calculation chart I made before is still rising🤣#参与投票-PI该上线币安吗? #PI币2月20号全网上线
There are many friends from other countries who have been following me recently. This post is for friends on the Internet! Today is the Chinese New Year! So I wish my friends a happy new year! $XRP #红包 🧧
#红包 🧧 The first package of the New Year, Lao Ai will send one every day It’s 12 o’clock to welcome the God of Wealth, I wish my friends peace and safety every year.