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.
*Everyone follow me so I have the motivation to update the latest knowledge information for everyone --specific information I will put on my personal page.
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.
The capital flow #Ethereum is moving to Solana and $BNB
Statistics from Defillama about % change in stablecoins over 7D: - Ethereum -0.37% = -$448.75M - Solana +1.63% = +$204.63M - BSC +0.58% = +$41.14M
Additionally, Wormhole records (https://wormholescan.io/) in the past 7D has ~$45.6M flowing from Ethereum to Solana The capital flow from the Ethereum network is moving to other networks, and most of it is to the network $SOL
In fact, in this world, there is no such thing as big countries bullying small ones; if you look broader, the concept of big or small countries is not as important as the two words "Interests." The nature of this society operates coldly like that, and everything is "Interests." You may be small, but if you know how to link your interests with the big players, then the issue will be very significant, and Switzerland is such a country. Switzerland has 41,000 square kilometers, not much larger than Taiwan, but their government makes top-notch choices for the nation, making no country dare to risk attacking Switzerland. They avoided both World Wars and even currently, they also evade trade wars.
*Cryptocurrencies are becoming increasingly popular, and a legal framework for stablecoins is a good idea.
The future of stablecoins will thrive, and major players are starting to plan to launch their own stablecoins to capture a share of the tasty market in the future.
Recently, many projects have issued their own stablecoins such as Paypal $XRP and Trump’s World LybertiFi Fund also launched USD1 The more stablecoins develop, the more beneficial it is for $CRV as it is currently the only one in this stablecoin sector and is collaborating with Blackrock. At this stage, when trading coins, you need to focus on funds targeting solid foundations with revenue and potential for price increases in the future before investing.
The whole market has been in a downturn for 2 months, but I have private investors holding $CRV at OTC prices, making profits, even up to 60%. Not to mention the previous wave, gathering on 5/9 bought right at the bottom x5 for taking profit at T12, now starting a new cycle.
Choosing trading assets is very important; most alts will die over time.
Currently, it is the season for filtering alts, so find the precious gems to hold, otherwise holding randomly will result in the wave going up but still having no profit, guys.
Information from the past 24 hours, the Trump administration is said to be seeking to completely isolate China through negotiations with over 70 countries
Requesting them: - To prevent China from transporting goods through their countries - To prohibit Chinese companies from establishing bases in their territory to evade U.S. tariffs - Not to absorb "cheap Chinese industrial goods into their economy" - WSJ
Some prominent economic news in Vietnam and the world today
📌 Vietnam's Economy: * An additional 4 Vietnamese agricultural products are officially exported to China: The new items include chili, passion fruit, raw bird's nest, clean bird's nest, and rice bran. This is the result of a protocol signed between Vietnam and China, opening up great opportunities for Vietnamese agricultural products to penetrate the billion-people market. * Domestic gold prices approach 110 million VND per tael: SJC gold prices continue to rise sharply, setting new highs due to the influence of global gold prices and the demand for asset shelter from investors.
The golden boy has reached a new peak, the possibility of a 4k this year is very high, those who invest in coin are falling up and down without finding the right path haha