Success in investing #crypto ... I think that is...
First, we must consider the current situation of Traders and Holders, which is mostly buying altcoins. Why do they go all-in on altcoins instead of diversifying their accounts into #bitcoin because__GREED, lack of discipline.
Why greed & lack of discipline? Because: when entering the market, they initially promise themselves to only buy Bitcoin, but then they see that a certain coin has increased 10 times, that coin #MEME has increased 100 times, and they see everyone boasting about a 1000 times return. From there, their discipline is broken, they no longer buy Bitcoin but go all-in on memes, altcoins, and hope for a sky-high return...
Many of you have asked me this question, however, I personally do not pay much attention to whether the market is in an uptrend or downtrend. The most important thing for me is whether I can make money or not, regardless of what trend the market is in.
In reality, the concepts of uptrend and downtrend can be very relative and depend on each person's strategy. For example, if you focus on trading BTC, you may have experienced a prolonged uptrend over the past year as the price of Bitcoin has continuously grown or fluctuated in high ranges. But if you mainly trade altcoins, you might still feel like you are in a downtrend, as many altcoins have not seen significant recovery and even continue to decrease in price.
Therefore, uptrend or downtrend is not the only determining factor. For one person, the market may be an uptrend, but for another, it might be a downtrend. The best way to define a market trend is to relate it to actual profits: if you make money, that is your own uptrend, but if not, then no matter how much the market rises, it is still a downtrend for you.
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This week's schedule is quite light, probably just the CPI on Wednesday night is worth watching. Most banks are still on holiday on Monday, everyone can check the remaining news in the image.
Gold is moving sideways on the H4 frame, testing the trend and may fill the gap at 3296. In the short term, sellers have the upper hand; one can look to sell according to the M15 EMA or upon a break. If it surpasses 3323, then consider buying up to the 3340 range.
Xxxu is still in an uptrend but is currently moving sideways in the short term, let's temporarily ignore it.
Xxxj surged strongly at the end of the week, buyers dominate in the short term but are facing H4 resistance. Wait for a clear break before entering a trade, avoid buying too early. If it breaks through, then buy according to the trend.
The trading volume on $BNB chain is now over 10B. Meme coin add LP on USD1 will have 1 cap over 1B.
Currently, B Marketcap is nearly 400M away from MKC 1B$ not far.
Currently, there are also a few Meme coin Add with USD1 that are increasing quite a bit, you can follow to not miss this wave. Personally, I still think that the amount of USD1 that Trump and his father minted will be over 100B - 500B in the near future.
$BTC BTC is still the true love, brothers throw money to buy long-term and it's still good, while the quick-rich mindset just goes all-in on meme to change life... then this gamble is hard to play
The Ministry of Finance of Vietnam proposed a fine of 100-200 million VND if individuals do not open accounts and transfer their owned cryptocurrency assets to be stored and traded at organizations licensed by this agency.
The Ministry of Finance proposed a fine for market manipulation of cryptocurrency assets ranging from 1.5-2 billion VND. If a service organization providing cryptocurrency assets violates regulations, they may be suspended from this activity for 3-5 months.
Providers of cryptocurrency asset services may be fined 300 million to 2 billion VND for violations such as failing to verify investors' identities, misleading advertising information, and not separating the management of customers' cryptocurrency assets from proprietary trading...
CPI index announcement => Directly affects the crypto market. All inflation indicators are predicted to rise, so you should be cautious when trading in this price range as the market is likely to adjust.
Creditors are stunned by how the FTX liquidation team vaporized billions
Few would have guessed that the famous AI project Cursor, which recently raised $900M and is valued at $9B, was previously funded by Alameda Research with $200K from the Seed round in 2022, using the very deposits of FTX users. Now, that investment has appreciated to $500M (2,500 times). But unfortunately, the FTX asset liquidation team sold it back at the original price of $200K.
This is not the only time FTX sold off its investments at a loss; besides Cursor, there are:
- Anthropic: FTX once owned about 8% of this AI company's shares with an investment of $500M. Now Anthropic is valued at $60B, but the liquidation team sold early at $1.3B, missing out on a potential profit of around $4-5B.
- SUI: FTX once held 890M SUI tokens, currently valued at $3.2B. Yet they sold it for only $200M, incurring a loss of nearly $3B.
👉 While creditors are scrambling for every last cent, just these three hasty liquidation deals have caused FTX to miss out on over $7B.
Is this merely bad luck in a situation that forced them to sell prematurely, or is it evidence of incompetence and lack of transparency in the asset liquidation process?
Macro Economic Update on May 8 - Federal Funds Rate (1h) The Fed is almost certain to maintain the interest rate at 4.5% during the meeting with the possibility of rate cuts in June or December 2025 if the economy weakens. -FOMC Statement (1h) The statement will maintain a cautious tone, emphasizing the uncertainty from tariffs, the strength of the labor market, and slightly high inflation. -FOMC Press Conference (1h30) Powell will avoid making specific commitments, emphasizing dependence on economic data and the Fed's independence from pressure from Trump. The market is expected to be highly volatile as the FOMC press conference starts at 1:30 PM. Long/Short should be cautious during these timeframes.
This week's macro data, except for Monday, there are news every day from Tuesday to Friday. The news to pay particular attention to is Core PCE at 21:00 on Wednesday and Non-Farm at 19:30 on Friday.
Sometimes you will feel hesitant on the path you are taking, due to difficulties, challenges, setbacks, or the criticisms from others. It makes us think and doubt ourselves.
However, whether it’s CR7 or Messi, no matter how successful they are, there will always be anti-fans. No matter how humane Mr. Lai Van Sam is, there will still be people mocking him for being preachy. Even the theoretical platform of President Ho Chi Minh is still laughed at by the Westerners, so there’s no reason for us to doubt ourselves.
Failure is a way to learn how to succeed, as long as we never give up hope and continue our plans to move forward. Tomorrow may still be difficult, the day after may be even harder, but in the days to come, you will surely succeed.
A Whale unexpectedly clicked the Buy button for 50.95B $PEPE ~ 467k$
The special thing is that before this, the Whale also bought PEPE but bought quite steadily, 20-50-100k regularly
Only today, 30 minutes ago (5 PM), this whale purchased a total of 467k$
The trading history of this whale is all purchases from $Binance
Interestingly, this Whale started buying PEPE recently, as they didn't pay much attention to $PEPE before
This Whale has been buying PEPE consistently since the beginning of April, and the 400k$ buy order is the largest investment so far
I don't know if this is an insider trader or something, but the strong Buy action for PEPE at the moment really gives me a sense of confidence to Hold $PEPE now
Last night at the White House meeting, Trump confirmed that he would significantly lower taxes with China. This move by Trump is seen as a way to cool down the trade war; the US stock market immediately turned green, showing that investors breathed a sigh of relief. However, with Trump, nothing is really certain. How long will this green last...
Crypto, of course, also benefits as BTC climbs back up to the 93k range, which is now also a strong resistance level according to the fibo.