I just worry that this will be like when I first started trading coins—everyone chasing the highs.
It’s just like the previous Squirrel coin $PNUT I mentioned. From the moment I bought in, it kept falling without stopping.
After cooling down, I realized that the real issue is emotional behavior. This time’s big BTC rally is also driven by emotion—it's just that the emotion is a bit stronger. I call it an event-driven move. Event-driven pumps can ignite things in the short term, but they can also fizzle out. Since it’s not a technically driven rise, it doesn’t last.
Brothers, once again, what I’m saying is: I don’t recommend you chase the price. And I also hope you don’t go short. Why not put your money into wealth management, or start a regular DCA plan? Then you can follow me on a coin-basis long all the way up!
绵羊博士
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Brothers, don’t chase the high, don’t chase the high!!!
This is a scam!! This is a scam!!!
Don’t be a fool who gets taken for a ride. If you feel itchy to trade, just put your money into wealth management!!
It will pull back! It will pull back! If you’re afraid, don’t short either!!
Wait for a deep dip and a solid bottom—don’t chase the price and get scammed!!!
This is a Trump scheme to squeeze money out of the crypto market for the midterm election!
The bull market won’t return that fast. This is an event-driven rally!!
It might start falling in the next three or four weeks!!
Focus on defending the 200-day moving average! $BTC
There will be many opportunities. Wait patiently for a solid bottom, because a healthy trend will definitely show a pullback. The current trend is not healthy at all!!
Unfit is unfit. The food is really bad, too. I’ve played a few times in the US stock market and the Korean stock market, and it’s almost like getting beaten every time. After that, I don’t plan to keep playing US and Korean stocks anymore. If I do, it’ll only be spot trading.
Brothers who just normally trade coins, you’d better not play with these. The percentage swings are even more outrageous than altcoins. And we’re often trading with leverage of dozens of times—basically we don’t treat our brothers like people. If the direction is wrong, it’s irreversibly over. And it’s even more eerie and chaotic than altcoins.
Also, everyone around the world is trading stocks, so it’s easy to get led around by the big players. Especially when the market is closed. Coin traders are used to holding positions when we get trapped, but this thing can still have massive price swings during non-trading hours. That’s not something an average person can take. This time, it was the chain reaction from @熬鹰资本 OTC, plus Binance’s US stock market lacks sufficient order-book depth, which forced a lot of brothers into cutting losses or getting liquidated. But orders placed to open shorts couldn’t be executed either—what the hell is that even.
Brothers, from now on just be honest and keep trading coins. You really can’t afford the time and energy. Every time you make money trading crypto, your mind gets wild and you want to go look for excitement in stocks. Now you’ve got it—you got hit a few times.
Brothers, get your head back together. Trade what you’re familiar with, and trade what you can actually make money with. (Lately I’ve been busy working on my thesis, getting ready to graduate.)
Some of this is downright ridiculous—no wonder they say American people live in deep, burning misery; now it really does feel that way.
And for us dead-true green investors, it’s even more ridiculous: the price swings are so wild, yet we still have to use high leverage just to make it “exciting”…
I've been bearish all along, but at this level, don't add to your position—I'm afraid it'll rebound.
I want to first see 57,000, then 48,000.
There are still many major events that haven't happened yet this year. As I said before, July should most likely be a compensatory pullback. If we’re really going to start a bull market, wouldn’t it be unfair to keep torturing everyone over and over? And is it really just going to fly straight up so everyone makes money?
As I said again, just control your position size😭 no problem.