First off, we need to know who we are; we're just regular people. Regular folks lack the info edge, resource advantage, and capital strength. We only have the edge of time, the ability to endure, the capacity to accept worse conditions, and the flexibility to adapt. The reality is that good resources and valuable info just aren't for us. A lot of folks say that Circle is too pricey right now, AI is too expensive, and the big three in memory are a rip-off. Bitcoin's too high; it feels like there's no chance left. What they're thinking is, I want to scoop up at the lows and hold until now to make it worth it.
Wealthy Individuals Face Intense Scrutiny from the Universe
Once you have serious money and some influence, you'll be under the universe's key scrutiny. If they make a small mistake, that mistake will be magnified, potentially consuming all the resources they have. This is called the universe's oversight. You must have heard that the Chaoyang masses are more vigilant than paparazzi; whenever a celebrity faces drug use or prostitution charges, it’s always reported that it was the Chaoyang masses who tipped them off. If you’re surrounded by small-time players, they can go to pleasure spots and find women without getting caught, and engage in shady dealings without major issues because the scrutiny from the universe is minimal, almost negligible.
When the crypto scene is flooded with more and more stunners, you know it's hitting a boiling point. Just recently, I spotted a ton of beautiful faces at the plaza. This signals that making gains in the crypto space is getting tougher.
How is your mindset in the crypto world after the big drop?
Yesterday, Bitcoin dropped to $80,000. What is your position like, and what is your mindset? This is the most valuable thing you should record. Is your mindset one of panic, indifference, or are you looking to buy more at a low? Or do you feel lucky to have avoided the drop? This is the true reflection; it will become your most important resource for making money in the crypto world. Only what you have experienced and obtained is truly yours; what others tell you is of no use. Many people have been saying these days that Bitcoin will fall to $70,000, $60,000, $50,000, and $40,000.
Do not have delusions. Many people only have a few tens of thousands as capital, hoping to earn 5 million through short-term trading in the cryptocurrency market. I can't say that this situation absolutely doesn't exist, but I have never seen it myself. Even if it does, it is an extremely small minority; this is a non-replicable path. I will say something that might offend people; I often see others say they didn't understand trading and lost everything before. Then suddenly realized a certain strategy and earned tens of millions through this method. Now I am revealing this method; you can also earn tens of millions with it. Then you should continue to use this method to earn a few hundred million; a hundred million in the cryptocurrency market is still manageable.
Is the 4-year cycle in the cryptocurrency market still there?
The 4-year cycle in the cryptocurrency market has actually disappeared. I know many of you want to sell at the peak of this bull market and buy back in next year's bear market. I dare say that no one in the entire cryptocurrency market has ever achieved this. As long as you sell Bitcoin, your Bitcoin will definitely become less and less. The previous 4-year cycle in the cryptocurrency market was mainly caused by the halving of Bitcoin mining supply. Most of the coins have already been mined now. The amount mined now can be easily digested by the market. The current big pancake is not only digital gold but also a new type of asset that complements the credit of the US dollar.
Making money by trading cryptocurrencies is the road to heaven.
The things chosen by people, their actions, and strategies are deterministic; after a choice is made, there will inevitably be a supplement from destiny. Destiny is random; what's random is how much you get and what you get, while what is certain is whether you gain or lose. When you have the intention to seek profit and avoid harm in what you do, all your actions hide traces of your profit-seeking, and then destiny will randomly make you lose. The way of heaven is chaotic, the stock market is also chaotic. The cryptocurrency world is equally chaotic. In a chaotic field, it is very difficult to obtain things.
Maintain a good mindset in the cryptocurrency market
The recent drop in the cryptocurrency market is caused by the aftershocks from October 11 and the anticipated tightening of liquidity. The current price already reflects no interest rate cuts until December. The disaster-level event in the cryptocurrency market on October 11 led to multiple stablecoins decoupling, and many stablecoin pools have encountered issues. Yesterday, I saw that the usdJ of Sun Ge's project has decoupled, and 1 USDJ can only be exchanged for 0.45 USDT. I really can’t understand why some people would want to take advantage of Sun Ge. When the market is good, everyone makes money, and when liquidity is abundant, the interest from staking stablecoins is quite comfortable. Recently, the market has been bad, and the October 11 event caused significant losses. This has led to stablecoin pools facing one blow-up after another, with some traders losing money and others being hacked. In any case, it’s better to avoid staking stablecoins recently and securely hold onto your USDC and USDT.
Getting rich overnight is definitely not possible; going to zero overnight is closer to the truth. There are people who get rich quickly, but you must first meet this condition. See it correctly, hold it long, buy more. At least buy 200,000 to 300,000, right? How long to hold? No need to hold too long; a good opportunity might only take 3 months. The question is, are you seeing it correctly? To see it correctly, you need a correct methodology. You must see it positively when others don't, and it has to be a new coin for it to be possible. As for old coins or VC coins, if you want to get rich in 30 days, then don't think about it; they will cut you without discussion. A few days ago, a young brother asked me, which coin is going to be listed on Binance, can it be bought? Can it increase?
Why Does the Cryptocurrency Market Experience Rapid Increases and Slow Declines?
Many people always think they can sell in a bull market and buy the dip in a bear market. In fact, bull and bear markets are only recognized after the fact; during this process, you cannot know. Based on your ignorance, there are no conditions for judgment, so the so-called selling in a bull market and buying the dip in a bear market is an impossible concept. Many people say, how could you not know? $100,000 is the bull market, $70,000 is the bear market. Then I ask you, what about $150,000? $200,000? And then it drops to $50,000 or $60,000? What do you say then? Based on selling in a bull market and buying the dip in a bear market, those who succeed are actually just lucky.
Recently, I've been receiving push notifications, and upon opening the BN Square, all I see is Liangxi making huge profits. Suddenly making 15 million is comparable to nearly a year's profit of a listed company. As a result, many people want to learn how to make big profits like Liangxi. However, they never considered that those who go against Liangxi would suffer huge losses. Those who suffer huge losses seldom speak up, while those who make big profits gain attention and become the focus of the market. Thus, he became a role model in the market, allowing those who want to turn their fortunes through trading coins to find a benchmark; they admire and envy him. But today I want to tell a truth.
A TRUMP coin has opened the curtain on the final crazy phase of the bull market; I watched it rise from a $5 billion market cap to $40 billion. This has already exceeded my understanding of making money; having missed the investment phase with low market value, I no longer dare to buy. This coin is rising so rapidly, which is both a good and a bad thing. This is positive for BTC. The emergence of the TRUMP coin has made more people notice the miraculous wealth of the crypto space overnight. As long as everyone contributes $100, the crazy phase of the crypto market will begin. Those who originally held altcoins long-term, such as sats, ordi, dog, bome, wif, which were previously hot, have all sold out at a loss to switch to TRUMP coins. Then those who made money from TRUMP coins will use most of their profits to buy Bitcoin, pushing BTC up and allowing these whales to obtain a large amount of BTC for free.
All investments in the cryptocurrency market are essentially 'Ponzi schemes'. Previously, the ceiling for high-quality assets like Bitcoin was very high; no matter when you bought it, you could always get out in the next cycle. The simplest way for ordinary people to make money is to buy BTC. I’ve always said this. Moreover, a 50% annual return is not too little. Today we won't talk about BTC, but about the real tricks to making money in the cryptocurrency market, any other coins. I’ve talked too much about BTC, and you might be tired of it. Let's talk about something meaningful today. I’ll make it clear: all cryptocurrencies are Ponzi schemes, but this scheme is influenced by two factors and three questions.
Recently, the market has fallen by about 10%, and other altcoins are also performing poorly. The market fell, and then various negative news came out. I have summarized this for you. Message 1: The U.S. Department of Justice has approved the release of approximately 69,000 Bitcoins previously confiscated from Silk Road, valued at $6.5 billion. My view: These are just the trading volumes from the market in less than 10 days, and they won’t have much impact. Previously, there were news reports about the German government selling coins, and our country selling coins, etc. In fact, people are selling coins every day, and there are people buying coins every day as well. There might be a slight impact, but it won’t affect the entire bull market; Bitcoin's size is too large, and a mere $6.5 billion is just a small ripple. The ripples it creates will quickly be smoothed out.
Yesterday, a friend in the community talked about the role of technical indicators. He firmly believed that technical indicators are useful and that one can make money by using technical indicators to determine buying and selling points. His point of view is that some people have done it, and have achieved great results by judging the market through technical indicators, and thus infer that technical indicators are useful. My point of view is that technical indicators are completely useless and cannot help you make money, but they can set a discipline for your buying and selling. In the end, making money is not brought by indicators, but by market conditions. There can be many kinds of disciplines, such as 258 take profit, moving take profit, and moving average stop loss.
Uni announced that it would build its own chain, and then its stock price surged by 10%. I am not optimistic about Uni’s announcement to build a chain, because the best time for building a chain has passed. The competition landscape of the blockchain has basically stabilized. It is difficult to surpass Ethereum or even copy ETH. The uni team is certainly very strong, but strength cannot be in conflict with the times. Just like now, if you want to start an e-commerce platform, it is almost impossible. If you make a loss, what will be left? There are three levels of chain development, ETH is the first level, sol is the second level, and sui sei arb is the third level.
Putting aside technology, professional background, ability, experience and knowledge, what is the most important thing when making money in the cryptocurrency world? Of course it’s luck! In fact, luck is the most important thing for all those who do business and are responsible for their own profits and losses, rather than working for others and receiving a fixed salary! For example, you had a heavy position in altcoins before, but you cleared out your position at a high price, or you had been heavily invested in altcoins hoping to make 10-20 times the profit, but now you are losing 50%-60%. For most people, what are the most important decisive factors for these two results? Of course it’s luck. Many times it’s just a matter of one thought. Cryptocurrency trading is the easiest business for everyone to do, but like all the hardest businesses, most people will end up losing money.
Today I went back to the countryside to make steamed buns, which reminded me of the past when I opened a steamed bun shop. At the time, I thought of relying on others and luck to make money, but I ended up losing 150,000 in 15 days. From this incident, I came to a reflection: things that are not long-term should be stopped in time, things that rely on luck are not reliable, in fact, relying on others is also a kind of relying on luck. Relying on friends or expecting to rely on your other half is actually a kind of relying on luck. I have an iron rule for maintaining my own safety margin: only what you decide yourself counts, and what others say doesn't count. Just like the coins you put in the exchange, they say they are very safe, but when you can't make your own decisions, it doesn't count.
I know that many people in the cryptocurrency circle trade cryptocurrencies based on news. If there is good news, they buy, and if there is bad news, they short. But in fact this is just a superficial phenomenon. The truth is that news follows the price of the currency. As long as the currency price goes up, good news will come out, one after another. Is this the kind of good news that comes with the final frenzy phase of the bull market? In this atmosphere, you must be judging that the price of this currency will continue to rise. This is why we cannot see the true face of Mount Lu because we are already in it. You cannot see clearly that you are in a bull market during a bull market. It is only when prices fall and are cut in half that you realize that it was a bull market before and now it is over.
A few days ago, I saw this information in an article by a big V. He invested 700,000 yuan and made 18 million yuan in 2 months. A salary of 300,000 yuan a year would take 60 years to earn. Therefore, he said it is important to choose what to do. Then, people who watched it seemed to think that it was easy to make money here. No matter what industry the bonus opportunities appear in, it is still very difficult for one person to make 18 million. Later I found out that this big V had 1 billion yuan. He said he originally planned to invest 5 million yuan, but when the price went up, he gave up and only bought 700,000 yuan. His confidence comes from the fact that he has 1 billion yuan and a steady cash flow.