Bitcoin drops to $64,000 as massive grayscale GBTC outflow continuesU.S.-listed spot Bitcoin ETFs are on track to post their first week of negative net flows since late January.The crypto asset has entered a period of correction after BTC fell sharply from its all-time high of over $73,000 for more than a week. While Wednesday's sharp 10% jump in stock prices on the back of a dovish Fed heralded a swift economic recovery, price action since has suggested otherwise.
The same is true in the currency circle. If you have 100,000 u in your hand and cannot earn 10 million u, then why are you in the currency circle? As an audience? Obviously not.
Entering 2024, the most discussed topic in the world of cryptocurrency is the reduction of Bitcoin production, and the bull market is around the corner.
The most common thing they say is, I want to make 1 million this year, I want to make 5 million this year, I want to make 10 million this year, and for some friends with small funds, I want to make 100,000 this year.
Then various discussions and assumptions began. In the past halvings, Bitcoin rose dozens or hundreds of times. Even if Bitcoin doubled this year, the high point of Bitcoin would exceed 100,000. If it could rise by 3 times, then the price of Bitcoin is at least 200,000. If I buy it now, it is considered a low point. If I get it next year, I will make a fortune.
As everyone knows, now that you have opened a position, all kinds of troubles will follow.
I opened my account and saw that I had made $30,000 today.
I made another profit today. I received 50,000 U.S. dollars, but my position was a little less. If I had more positions, I could make 300,000 U.S. dollars today. The happiness is all written on my face.
On the 5th day, the pie fell back and profits shrank. Today, the profit shrank by 100,000 dollars. I started complaining. I should have made a decisive move at 73,000 and closed the position, otherwise I would have made 500,000 dollars. . The first closing of positions in the bull market began.
On the 10th day, the profits have shrunk again, and there are only 300,000 dollars left in the account. At this time, you still make 200,000 dollars. Then he operated frequently, chasing ups and downs, slashing left and right, cutting himself, eager to earn back the previous 500,000 knives.
The time came on the 11th day. I opened my account and saw that there was only 100,000 u left. I went back to before liberation overnight.
The duration of a bull market is usually 6 to 12 months, the duration of a bear market is usually 1 to 2 years, and the bull and bear cycle lasts for 3 to 4 years. If you seize the bull market and grab one or two hundred times coins, your overall income will be Significantly improve and achieve financial freedom1: Buy new rather than old, seize the opportunity, bottom layout
You must be patient, wait for valuable projects, and then try to ambush at the bottom as early as possible. (Although it is impossible to buy at the bottom) After selecting a valuable currency, do not casually adjust positions and exchange stocks, and wait for the market to take off.
BTC and ETH will always be the kings of the currency circle. There is absolutely nothing wrong with the bear market layout. Although it cannot bring you a hundredfold or exponential growth, buying in the bear market and selling in the bull market will make 50% without any suspense (the first choice for big funds). Such as platform currency BNB, public chain SOL, Tugou, consensus super currency DOGE, SHIB.The logic of altcoins is to cut leeks and never take heavy positions. In every bull market, many hundred-fold coins will be born. They will rise and fall in this bull market, and they will make great progress. In the next bull market, they will completely fall and be overshadowed by the highlights of new altcoin projects. Without channels and inside information, it is almost impossible to bet on a 100x altcoin. Generally, you only know of the existence of an altcoin after you see it skyrocketing. At this time, it is too late to follow up. Maybe if you follow up, you may have better luck and it will continue to rise, but the high probability is that it will fluctuate and fall. Altcoins fluctuate violently. Most people can't hold on regardless of whether they rise or fall. They often make small profits and big losses. It's all settled in the end.
In the early days of the bull market, Bitcoin rose slowly, outperforming Ethereum, and then came the copycat season. At this time, some good mainstream coins followed suit, while other copycats rose slowly. Some copycats were extremely crazy. What happened to most of the copycat coins?
In the middle of the bull market, the currency circle has entered a golden age. Bitcoin and Ethereum are rotating, mainstream currencies are gaining momentum, and altcoins are starting to launch. At this time, many new projects are launched. Note: When new projects are launched, it is to cut leeks. In the next month, The bottom is oscillating, focus on it, maybe it will be a hundred times the coin.
In the late stage of the bull market, Bitcoin fluctuated and fell, Ethereum continued to rise, and major leaders rushed higher one after another. At this time, altcoins ushered in their highlight moment. Looking back, tenfold, hundredfold or even thousandfold projects have appeared, and the pie and Ether have doubled. times.
After three ups and downs, the bull market has come to an end. If you are trapped at this time, don't have any illusions and stop your losses in time.
There are many opportunities in the bull market, especially when the bull market enters the middle and late stages, altcoins are flying around, and the demons are dancing. Many altcoins have skyrocketed dozens of times, which makes people dazzled and jealous. People are impatient, or they think they are a certain person. For altcoins that have not yet exploded in the project, they are investing heavily in the hope of a sharp rise. Don’t have this kind of mentality. It’s just a matter of luck.
In every bull market, many altcoins will be born. These altcoins have enough gimmicks, the background looks very strong, and the rise is very fierce. But please resist the temptation. Only when the tide recedes will you know who is swimming naked. When Bitcoin The currency plummeted and entered a bear market. These copycat projects were cut in half or even reduced to zero.
If you really can't resist the temptation, use a very small amount of money to follow up and play. Even if you make a small profit, don't be too hot-headed to play with heavy positions. You are not afraid of making a hundred times, but you are afraid of losing once. The most important thing is to keep your principal.
After buying in a bear market, you need to hold it patiently and wait for the arrival of the bull market. Do not operate during the rise or fall.
After selling in the bull market, wait patiently for the bull market to collapse and enter the bear market. It will take one to two years. Don't be impulsive and say I want to buy the bottom. Don't buy the bottom on the mountainside.
If you are accidentally trapped, the most important thing is to keep your principal as much as possible. Stop the loss in time when the currency circle collapses. If you are willing to cut your flesh, you will have a chance to make a comeback by keeping your principal. Wait patiently for the currency circle to enter the trough, and then use the remaining money. Fund hunting. Don't be trapped and die with the collapse of the currency circle. If you don't care and let it fall, and stick to the end, when the currency falls to the bottom or even returns to zero, there will be almost no possibility of starting over with the remaining principal.
In 2024, the production of Bitcoin will be reduced, which means that the bull market has quietly started in the entire encryption market. History is always surprisingly similar. In every round of bull market, some coins with ten times, one hundred times, one thousand times or even ten thousand times will be born in the market. If If you can catch one or two, your overall income will be greatly improved in this bull market.
A hundred-fold coin is not a legend. The probability of a hundred-fold coin appearing in a bull market is not low.
The track, the project itself, the economic model, and the dispersion of market value must be carefully analyzed.
In the last bull market, we already know that many 100-fold coin projects were born, but there are very few that can be grasped. There is never a shortage of opportunities in the crypto market. If you miss it, you will miss it. In this bull market, it is inevitable that There will also be projects that are 100 times, 1000 times or even 10,000 times coins. In order to better capture these 100 times coin projects, we might as well start with the 100 times coin projects that appeared in the last bull market to understand the characteristics of these 100 times coins. , maybe it can provide us with some clues
Let's look at a set of data
The growth rate of the top 100 cryptocurrencies by market capitalization, among which Bonk has the highest increase, has increased by 7300% (73 times)
Although the emergence of 100x coins in the crypto world in 2023 is just a flash in the pan, compared to 2022, 2023 is still not a bull market for crypto enthusiasts, or even a bear market, but it has improved compared to 2022. The market enters the end of a bear market
Looking back, in the last round of Bitcoin production reduction (May 2020), there were quite a lot of 100x coins. Among the top 600 projects by market value, there were 61 100x coins. Currently, the very well-known public chain Solana has its token SOL in third place. It was listed not long before the second Bitcoin halving. It hit a record high price of $259.96 about a year and a half after its listing. Compared with the price when it was listed, the price increased by 43,220% and increased by more than 400 times in a year and a half.
Observe the characteristics of Baidu Coin and find potential tracks
Track, sector, and field are just words that refer to different categories in cryptocurrency. The classification may come from the type of the project itself (such as L1/L2), or the scope of application (such as payment/privacy), or Technical differences (e.g. Optimism/ZK) etc.
Cryptocurrency is just a type of asset and can be divided into many different categories. Some categories have relatively large market potential in terms of conditions, while others are smaller or face more difficult market expansion. Only with a large enough market scale prospect can the project's high market value be supported. If the market size of a category itself is small, the cryptocurrency projects in this category will have less chance of having a high market valu
