January 3, 2024 Grandpa checks in
Bitcoin has not been able to continue to rise for the time being, and currently holds at $45,000. The market is still strong. At present, the market seems to be waiting for the official announcement of the approval of the spot ETF, as if this matter has been confirmed, but how much positive stimulus this can form to the market seems to be yet to be verified. My previous judgment on the spot ETF is that it is a long-term positive, and the short-term stimulus to the price is more before it is approved, just like the recent market trend, which is largely affected by the high expectations of the spot ETF.
How to deal with this potential ETF passing good news, my suggestion is to sell part of the position and keep it in U before the 10th. Generally speaking, before the good news is implemented, the price has been brought to a high level by the sentiment. If it wants to continue to rise, it must rely on the new funds brought by the good news, and the entry of new funds is generally a long process. However, yesterday's high fees made people feel that there seemed to be a wave of mysterious funds trying to rush in. Therefore, if there is a breakthrough before the 10th, I will sell the part that I planned to reduce. If not, I will reduce half of the plan first, because after the implementation, there is likely to be another wave of emotional rise.
After sorting it out, the recent series of operations basically ended in a tie, especially the Inscription series. I played around with the later projects, but basically lost money. There is a reason why it is easy to lose money in a bull market. Not only are the prices much more expensive than the bottom, but there are also many hot projects. It is really difficult to catch a skyrocketing one. In contrast, the cost price of the projects built in the bear market is so low that it can be ignored, and the market fluctuations have no effect on the mentality. Instead, these coins have risen steadily in the shock. Of course, there are also people who make money in the bull market, mainly concentrated in some new projects, but it is necessary to control the retracement and stop profit, and more of them are some low-risk new projects and arbitrage, which are the source of profit.
Finally, I suggested that you buy ATOM on 6x for long-term staking. After staking, there will be the first airdrop. This time it is the modular project Dymension. The previous modular project was Tia. Although the current market response is average, if the market continues to be hot, the listing of this project is estimated to be good. However, the airdrop given to Atom stakers this time is not very large, it is just a small amount, but for long-term staking of AOTM, it is expected that there will be a lot of airdrops in the bull market.
Thank you for your attention and likes.
