At this stage, we still need to stay steady. No matter how badly you played the cards you were dealt before, this is a chance to reshuffle and play them well this time. Calm down. We accept the losses we took before, and withdraw the profits we made. It’s a fresh start. What creates such a huge divide in crypto is how people respond when they hit a low point: some get discouraged and leave, some give up, while others always find a way to turn things around. Faced with the same situation, people respond differently and get different results. As for the overall market right now, I honestly don’t know what to say. It just broke a new high, and now, only a few days later, we’re back where we started. I can only share my personal view: if ETH falls below 1,800, don’t touch futures—hold spot instead. If it drops below 1,800, it means the market makers are going to flush out all the longs.
$ETH I haven't been running any ETH strategies for a while. I wasn't very bullish on ETH before, and I wouldn't say today's strategy is particularly bullish either. This time around, the market's been pretty ugly: it fell from 2,800 to 1,893 today, nearly a thousand points down. I've gradually picked up a little spot, and I've also opened a position in futures. I feel sorry for the crypto market—every rebound has been weaker than the US stock market's. Crypto isn't accepted in China either. Would you dare tell your relatives at a family gathering that you trade Bitcoin? Plenty of people even look down on those who trade stocks. And this crypto market keeps chipping away at everyone's confidence. Personally, I'd recommend focusing mainly on spot and using futures as a supplement. If you ask whether I'm panicking, definitely not. If you ask whether it hurts to see such a big drop, of course it does. But you have to accept the risks when you place your bets. No one can buy at the absolute bottom, though I would like to pick up some coins at lower prices. I'm not afraid of it falling; what scares me most is seeing no hope. The crypto market is the ultimate test of your nerves, and it can be very lonely. If you want to trade together, reach out to me—we can keep going together.
When HANS fell to 6, a lot of people were definitely scared out of their wits. At this time, it is both a risk and an opportunity. Entering a position at this stage will probably not lead to much further decline. At worst, you can add to your position and then set a stop loss. Just don’t stubbornly hold on. Yesterday koru rose to 8.97, and it has rebounded by almost fifty points. I’ve also mostly closed out my position. If it drops back to around 6.6, just let me back in with my position. If I don’t get filled, it’s okay. I’ll buy other coins that haven’t rebounded yet. Buying these two varieties in this round is essentially borrowing momentum. There will be different similar opportunities at every stage. What we need is to keep waiting for these opportunities. Chasing highs is an ancestral rule. Everyone’s money is hard-earned, and they all came into this market with dreams. Don’t end up getting liquidated and leaving with broken dreams. And don’t wait until the opportunity comes only to find that you are already fully invested or have been stubbornly holding a losing position for too long
The rally in SNDK and KORU, the 3x South Korea index ETF, has been pretty impressive this time—at least they’ve outperformed most cryptocurrencies. SNDK was recommended at $800, and today it’s already above $900. I didn’t recommend going long on SanDisk when it was over $1,000, so I handled this round reasonably well. As for SUI, it’s back below $0.80. Last time I recommended going long on SUI at $0.80, it reached a high of around $1.20. Now SUI is back at $0.80 again. Would you still dare to buy in?
I used to think that if I did well trading crypto, I could do better than people with stable jobs. When I was at my lowest, people were always comparing me to them—that’s still a sore spot for me. Things gradually started getting better a few years ago, but the market slump over the past two years has slowly extinguished the hope I had. Is it really true, as they say, that crypto’s golden age is over? The entire crypto industry still isn’t worth as much as the U.S. stock market. Are those of us without advanced degrees or good people skills really just not cut out for this? Every downturn only makes me stronger. It reminds me to cherish the chips I have each time and keep improving my trading system.
$SNDK SanDisk has had a pretty sobering run this time around: when it rises, thousands cheer it on; when it falls, tens of thousands pile on. I still remember shorting it at around 2,000 and getting out shortly afterward. Now it’s fallen to around 800. At this level, many people are already scared stiff and don’t dare to get in. The way to think about trading at this stage is to open a position and go long around 800, then add a bit more around 700. Take a longer-term view, and there’s a good chance it could still test 900 to 1,000. You should always believe in charting guru Trump.
As things stand, among BTC, ETH, and COINB, to be honest, I’m still leaning toward COINB. Whenever COINB drops below 150, I’m never stuck in the red for too long. It also suits my capital allocation strategy and is a quality tokenized US stock. Compared with SNDK, which has been hot lately, I’d rather take an early position in spot COINB. $COIN In the past, whenever it fell below 150, it would rebound to above 200 within the following few months. The market outlook is still rather unclear, and people will have different opinions. Those without a position can establish one.
Whenever the market is highly volatile, some people get rich while others suffer huge losses. In the current market, are more people looking to go long or go short?
$TRX Brother Sun, I want to say I’m sorry. As the market declined, you were the only one moving forward. A few years ago, everyone was criticizing you. We owe you an apology. Many coins fell by 90% in a year, while TRX still rose 20% over the same period. Your thinking has always been ahead of the market. I keep listening to your quotes over and over, constantly feeding them into my own way of thinking. The human brain also needs constant input to upgrade and evolve. Many people stop learning after graduation, and they’ll eventually be left behind.
The news about whether interest rates will be raised hasn't been confirmed, and the broader market still can't seem to rally. This phase is still pretty tough to get through. At the recent high, I only trimmed half of my spot position; the price of the rest has since fallen back. Watching my account balance slowly shrink, I still occasionally regret not closing everything out. I'm still a little afraid of missing out, but I need to change my approach next time: unless there's a black swan event, don't enter with a heavy position. If you're considering going long, I also don't recommend taking a heavy position right now. For now, the only approach I can recommend is to buy a little on small dips and more on big dips, but never go all in. Among the promising assets right now, you could buy a little coinb at around 150. For doge, try to take advantage of every dip.
$KORU Often, slow is fast and fast is slow. Make peace with yourself and be friends with time. Don't think about how much money you can make in a year; think about how to make money more steadily. When there are no opportunities, wait. There are countless coins, so opportunities will always come. As long as you have money on hand, be very careful and don't trade too frequently. Koru has gained 30 points in these dozen or so days, too. Opportunities always come to those who wait.
I look at so many coins on the daily gainers list, but it doesn’t stir me at all—I’m not envious. I know I wouldn’t dare bet on those coins. I’d rather just stick to buying a few established ones. Otherwise, I wouldn’t eat, drink, or sleep well. My portfolio could suddenly double, or it could suddenly get cut in half. Of course, I used to enjoy trading these kinds of coins, but it messes with your conviction. Just buy what you like and believe in, at prices you think are good. Price comes first—it’s fundamental. When ETH was at 1,500, could you really make sense of the candlestick chart? Think long term about price; there are too many things to watch in the short term. Isn’t it better to keep things simple? Make trading easier for yourself, choose coins with a higher floor, and don’t go all-in. There are only a few opportunities worth betting on each year, and there’s a black swan every year. If you stick with it long enough, you can compound your capital too. Don’t expect to get rich overnight.
Would you still dare to buy gold below $XAUT 4000? I was afraid of missing out when gold was at 5,000, but now that it’s at 4,000, I’m already turning my nose up at it. I’ve decided to start investing in gold regularly.