Break free from the anxiety of information chaos, use philosophical thinking to judge the sustainability of narratives, use mathematical thinking to rationally assess the size of winning probabilities, and finally, use the courage of a gambler to make that brilliant move.
Soon, a group of people will try to tell you which group member has made hundreds or thousands of times their investment, achieving financial freedom in one wave.
So you ask everywhere: How do I join the group?
Thus, you become anxious and decide to sit idly for 16 hours a day scanning FaceChain.
You join many groups, but these groups send dozens of CA every day. After trying a few, you find that you've lost everything. Occasionally, when you make a profit, it brings you joy, but because you are too absorbed, you face a profit drawdown.
You resolve to be a paper hand, so you sell off a few golden dogs, and the money you earned is simply not enough to cover your losses.
You become anxious, feeling that you are not smart enough or not working hard enough. Every day, someone hits the jackpot; why isn’t it you?
The core issue is:
You have not found a reusable method that suits you.
Others made money in PvP; can you win? Are there enough people lifting you up to support you?
Others made money with heavy positions; do you understand it clearly? Do you have enough capital to bear the losses of a heavy position?
You always envy others, and when you see them making money, you can't wait to imitate them without thinking about the structured reasons that validate their methods.
Trading is about finding obscure patterns in complex random events, but you can only see the surface and cannot seek the underlying patterns.
Thus, you earn and lose until you lose everything. In a random game with a kill rate, the result of a random walk is zero, which is also the outcome for the vast majority of people.
Calm down and see through the essence. Place your bets and withdraw.
Candlestick patterns are just a phenomenon, chips are just a phenomenon, and the dealer is just a phenomenon. Everything you study is merely a phenomenon.
Mathematical thinking is about transforming into a repeatable formula with a positive mathematical expectation.
Philosophical thinking is about grasping the core narrative and being the first in trends.
Looking at his analysis, with this lineup, it basically can't be realized.
Transfer of the cooling mat: On May 22, Trump held a meeting for the holders of Trump before 220. Currently, I have asked my friend to track the addresses of the top 220 holders. I can now confirm that Chinese users account for half of them, with more than a dozen addresses remaining inactive. For the other active addresses, we calculated the exchanges involved; OKX accounted for 46, Binance for 61, and the Korean exchange U something accounted for 12, while the rest were various foreign exchanges. These addresses of the top 220 holders number over one hundred, and they prefer to transfer money back and forth between Binance and OKX.
This means that among one hundred holders, all are connected to OKX and Binance, and most Chinese users prefer to use OKX and Binance. In other words, there are likely over one hundred Chinese individuals among the top 220 holders. If Trump holds a meeting with a hundred related Chinese teams participating, it would be terrifying, indicating that Trump is specifically targeting the Chinese.
Yesterday I didn't do much, just saw that Old Ma followed Gork, and then the car head also increased its position significantly, so I joined in and made over ten SOL.
In the afternoon, the Pope didn't just sit idly by, so there wasn't much confidence.
Actually, this is definitely garbage time, and the probability of making money is relatively high.
At this stage, I really don't know what to do.
What is everyone else working on? Or what are they participating in?
I'm going to have breakfast.
Money can wait, but breakfast is still necessary.
They say eating breakfast is good for the stomach, but I don't know if that's true. Anyway, I'm used to it; out of 365 days, I probably only skip breakfast 1-3 days. . $BTC
At this stage, there are still quite a few people around making money.
Diligence is definitely a prerequisite; the rest is just sitting idle + paying attention to and thinking about the news.
Otherwise, why do you sit idle every day and earn nothing?
Sometimes when you get a news update, you might just glance at it and move on.
Others will still think about whether there’s an opportunity and even try it out.
Because I often see others posting about making money, and they basically follow the latest happenings in the crypto world to earn.
As for me, I’m also one of them.
Every day I tell my family I’m just sitting in front of the computer, but in reality, I’m either watching TV shows, playing games, or watching live streams.
I also just glance at crypto news.
Occasionally when I want to make money, I immerse myself in scrolling through X and various news + thinking about whether there are opportunities, etc.
[Teary] I have fallen.
I don’t know when I can change this bad habit.
I’ve become lazy, too lazy; laziness = poverty.
Sigh.
Good luck, I hope my family works a bit harder; we can’t be lazy, or we’ll really end up poor.
Of course, if it’s the kind of situation where the harder you work, the faster you lose, then being lazy might be better.
Whether to run a big pancake grid, or just buy the dip during a crash, or hold long-term, it all depends on oneself.
In any case, whatever strategy I look at, there are people making money and losing money. To put it bluntly, it’s still a personal issue.
Why have we been cautious lately? Mainly because there are too many favorable factors, but at that time, Bitcoin just couldn't rise and didn't move independently from the US stock market. I can't find another explanation for this situation other than distributing chips. If you find any other clues, feel free to comment for discussion. $BTC
It's best not to trade cryptocurrencies during the holidays, or else you might not be able to enjoy yourself!
I had to go out unexpectedly yesterday, took the highway, and experienced the festive atmosphere of the New Year; the service area was packed with people, quite lively.
I’ve gotten used to the quietness of trading cryptocurrencies at home every day. Luckily, the child is still young; otherwise, they would be constantly asking to go out, and I feel I wouldn’t be able to handle it.
Since I went out yesterday and didn't participate in anything, I won’t say much.
By the way, someone privately messaged me yesterday asking for comfort about the alpaca, 😑
What a person.
The mentality of taking chances is also a significant factor in losses.
Old Binance users who have never traded contracts should hurry to participate in the event! No loss, worth three digits
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After waking up from a deep sleep, I saw others catching the golden dog, but I really don't plan to stay up late studying; I just can't handle it.
Haha, actually, even if I study, I might not necessarily earn anything.
Recently, the on-chain sentiment has been pretty good.
But essentially, it's still the same old routine: riding the hype + celebrity endorsements and calls.
Of course, coming into this space is all about making money; who cares about anything else, just be safe and avoid getting caught holding the bag.
Yesterday, Binance's wallet IDO had many people being too clever, trying to calculate market value, while Binance's wallet often shows incorrect information.
So sometimes, following the displayed market value is the way to go, like with Hyper before and Aiot yesterday.
At first, the displayed market values were quite low, around 2 million. Many people would jump in after seeing that.
However, the overly clever ones think the actual circulation is much higher, in the tens of millions, and end up selling faster than the less savvy ones.
The delisting of something like Alpaca is quite ridiculous; it lacks capability, and sometimes it's better not to touch it at all.
Even if you hit the top, it might not drop for a while, and all your money goes to funding fees.
What’s more important is that if it doesn't drop for a long time, when it gets delisted, you might face forced liquidation, and even the contract price could be higher than the spot price.
Don't think you can make money off everything.
Yesterday's discussion was about making some funding fees from Bybit and Binance, which actually had a good opportunity.
Now it feels like Bitcoin is bound to rebound.
The market sentiment does seem to be slowly recovering.
As for me, I basically have no positions. I originally cleared out my Sol holdings, but then I thought about it and bought 200 more to see if I can catch a golden dog on-chain.
Humans are just greedy, aren't they?
Going to check on the kids now.
There's not much else going on.
Currently, the general approach is: not trading coins, just watching groups + various news notifications.
If there's a chance, I'll grab a bit; if not, I’ll take a break.
In case of a crash, I'll buy the dip, but chasing the highs is out of the question; I'd rather not make money than lose it.
Aren't the top 25 all exchanges? The exchanges take our money to have dinner with Trump, then come back for a VIP trip to the White House, while retail investors continue to face despair and liquidation? $TRUMP
Waking up to see Luce and the flash crash, there's not much to explain, no matter how you analyze it, it's all hindsight.
It used to be a token worth three to four hundred million dollars, but now it's only eight million.
I don't know if I can catch the bottom.
A microcosm of memes, the consequence of not taking profits is sometimes not worth the trouble; everyone has a different position in the crypto space, paper gains are nothing, what you actually hold is what matters.
Many people lose money because of comparison; they blindly follow others without thinking if they are cut out for it.
My trading strategy is generally to take a little profit and run; it's hard to get rich, and losing money is equally challenging.
Yesterday, the on-chain mining in B's network was pretty impressive; I sold a pork rice bowl right after I got it.
I didn't study much, just sold out of habit. Otherwise, I might have caught the bottom since the market cap was so low at the opening.
Yesterday, a friend in the crypto space got scammed with his V account; the method used should be knowing your account + password and then using a friend to assist. They might add you with two small accounts, so it's best to change your V password regularly.
I haven't done much else.
Just continue to patiently wait for opportunities.
Staying still is still necessary, especially when money is tight.
Sometimes you can really make some gains based on news. Moreover, memes on-chain never die because gamblers never quit.
For those with more money, give others a little more opportunity; enjoying life is what truly matters.
Otherwise, what’s the point of making money? It’s all just mindless.
Yesterday, the opening price of WCT dropped directly, but surprisingly, OK opened high.
It's not the first time, I don't know what OK is up to.
Now, the only possibility for new coins in the secondary market to pump is through forced shorts, and once that happens, it just drops again.
Recent examples like Baby and Promt have both halved from their highs to now.
So shorting is also difficult, as the market's attention easily focuses on new coins.
The market is bad, and liquidity is really the biggest issue; many coins in the observation zone have a market cap of only a few million, and those set for delisting, like Beta, are only at 900k now.
In the past, even if there was a delisting, it wouldn't be like this.
It's pretty tough. Still.
Staying strong and alive is still the top priority.
Recently, there have been more thefts, like Kilo and ZK yesterday; who knows if it's insider theft or not.
Anyway, there are many projects on-chain, it's better not to put money into them. Especially many small ones, you want interest, but they want your principal.
In a bull market, everyone doesn't care and makes money; in a bear market, when you can't earn, it gets tough.
Keep persevering.
You never know when a new narrative hotspot might emerge.
Right now, it's a dry spell.
As long as there are people in this market, there will definitely be some market makers stirring things up.
It depends on whether you can keep up when it happens.
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Of course, in reality, not many people will sell during a rebound.
Most people either continue to hold their positions stubbornly or those trying to catch the bottom are still hoping for a bit more increase, unknowingly increasing their holdings.
Everyone knows that trading in the crypto world is not the only way.
It's just that in this market, it feels like something is missing without a couple of trades.
Try to align your actions with your knowledge.
Find the right track for yourself to earn some profits.
Knowing it’s not feasible, still try to avoid it; don’t be foolish.
Being foolish means losing money, it’s self-sabotage.
I have a friend who keeps losing money trading, and eventually dropped out of the market.
Before this significant drop, he insisted on catching up with me, and I thought everything was fine, but it turned out he just wanted me to lend him some gas money.
I told him to stop trading, just give it up, but he insisted on continuing.
If trading, just buy Bitcoin, don’t buy altcoins, but he insisted on buying.
He successfully self-sabotaged.
And then there was no turning back.
In the end, he lost tens of thousands of rmb for nothing.
It doesn’t seem like much at first. The problem is, how much does an ordinary person earn in a month?
We are all ordinary people; don’t get used to the crypto world and forget how hard reality is.
Being out of touch with reality for too long is truly not a good thing; after getting used to it, it’s like looking at money and data the same way.
Only when the losses become significant do we start to cry and regret.
So, think twice before you act; small trades can bring peace of mind. $BTC
I got up yesterday and sold Bitcoin, and today I can buy it back again. It's nice to make a swing trade, and it's also fine if I failed and no longer trade cryptocurrencies.
As for why I sold yesterday, on the surface, looking at the current market, the rebound is more than the reversal. In fact, my position was already exhausted, even if it's Bitcoin.
Why do I want to buy back again? When it drops, I feel like I can do it again.
It's hard to align knowledge and action.
However, evolving to the point of only buying and selling Bitcoin is a significant progress.
Staking has basically cooled off, especially the points system, which should have ended long ago.
With a poor market and low valuations, not many people are buying. If you want to pump the price and trap some retail investors, without a narrative, nobody will believe it; they will just sell when it goes up.
Unless you're as powerful as another TRB.
Yesterday, I took a look at Baby and it was down -2 right away. Truly no one is buying.
I used to think that a 20 million market cap contract was low. Now, it's really not too much.
The metaphor of "carving a boat to seek a sword" is meant to be broken; habitual cognition will lead to habitual losses.
We must keep up with the times. Adjust our thinking at any time.
Now, wanting to make money feels like it's in my self-awareness, aiming for high certainty and low returns.
Rather than high returns and low certainty.
Habitually gambling will leave you with almost nothing in the end.
In this round, I've met quite a few people who have lost almost all the money they made in the previous bull market.
Now, we're no longer talking about making money.
Instead, it's about living strongly in this market, waiting for opportunities to arise.
Wanting to turn things around is definitely getting harder and harder.
It's not that there are no opportunities in the circle; it's that the opportunities have already been taken by those who are richer, smarter, and more competitive than you.
So, either you join the upward trend, or if that doesn't work, just take what you can get.