I saw an article yesterday, "Where did all the people who left the cryptocurrency circle go?"

Some of the things in it are very profound. I'll record them down to remind myself and others.

“A round of surge is followed by a new round of attention, which then quickly cools down, until the next time it breaks through a price that was previously considered crazy, it will attract another round of greater attention.”

“Bitcoin is a good thing, but the cryptocurrency world is too dirty.”

“Life is an experience. If I could start over again, I would definitely choose to start a business in the cryptocurrency world.”

“Losing money is not important. Once you make a little quick money, it’s hard to leave completely.”

mutual encouragement

Let's talk about the bottom-fishing point. This is also a question that many people are concerned about.

In the depressed market, BTC has quietly returned from 16K to 26K, and the lowest point in the market is also rising continuously. Will there be a lower point in the future? Will it fall to a lower bottom? To be honest, I don’t know.

But what I know is that at 16K, I had no way of judging whether it was really the lowest point, but from a methodological point of view, I should have, and I had the money to cover my position, so I added to my position - this is something that can really be done

The current price is around 25,000. If you are conservative, you can sell part of your position now. Remember not to go all in. The more it falls, the more you buy.

But most long-term investors are waiting for a wave of decline to pick them up, and most of them are waiting for 20,000-20,000. In fact, it doesn't make much difference.

Now 25,000 is the confirmed price, I think I can take some positions.

Some people even say they are waiting for the price of 18,000 Bitcoin. I think that is difficult. Miners will not make money starting from 18,000 USD. If the price is lower than 18,000 USD, many miners will shut down. If the price is lower than 18,000 USD, miners will lose money because of selling. Most of them will not let the price of Bitcoin fall to 18,000 USD.

When people are building positions, they only think about “buying at the bottom”, which means they only think about how to escape at the top. Because when they are building positions, they are worried about losing money on the tokens they bought, and when they are ready to leave, they are worried about making less money on the tokens they sold.

Therefore, many people cannot open a position at the lowest price, nor can they reduce their position at the highest price. They can only wait for the most uncomfortable price, endure the volatility of the market, and it is extremely difficult to make a key decision.

The halving cycle of BTC is a big trend. Although it is not directly beneficial, it raises the entry threshold for miners by putting pressure on them, thereby increasing the minimum price. So it is better not to buy and wait. After the halving, the price may rise to $28,000 or even higher, so this also changes the narrative of BTC.

When matching positions, you must understand that except for BTC and ETH, the others are extremely risky targets, so you must hold a large position in the former and a light position in the latter. The former can guarantee you a certain rate of return, while the latter can give you more excess returns within the risk range you can accept.

It doesn’t matter what the cryptocurrency market says now. We may see changes in the prices of BTC and ETH due to expectations, but if expectations cannot be realized, the consumption of expectations will be reflected in the price. What is more important in the cryptocurrency market is the certainty of news. If the content is not implemented one day, it may be hyped one day.

Today's sharing ends here. Thank you very much for taking the time to read this article in your busy schedule. I hope the article is helpful to you. You can follow me and leave me comments to communicate with me.