Not letting go until 50. At worst, I'll take it for five or six months.
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查理的芒格
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Bullish$RIVER 9.228, dropped 19.64%. Someone asked: Do you dare to touch this kind of demon coin?
I countered: Do you know what 'going long without a liquidation price' means?
My thoughts:
Going long on contracts, as long as the leverage is not high and not chasing the peak, the biggest risk is going to zero. And before going to zero, every plunge is a seed for a rebound.
RIVER dropped from 87 to 8, a decline of 90%. This kind of drop already has odds enough for me to take a second look—lose, and I accept it; win, and it's several times.
What the data is saying:
MA7 8.843, MA25 9.339, the price is fluctuating between the two moving averages. The MA7 is about to cross above the MA25, which is a signal of short-term strength.
Trading volume 487 million, as lively as a vegetable market. This kind of volume is not dead money; there are people fighting.
What public opinion is saying:
On February 13th, RIVER surged over 30% in one day, and the community was madly discussing 'unlocking/exchanging', large holders used the narrative of 'exchange day' to pump and dump. Today it dropped 20%, and the same script is being played out again.
Some are panicking and cutting losses, while others wait to run on a rebound. As an old man, I just squat in the corner, waiting for the panicked people to throw out their chips.
Munger's Rule 169:
Rebounds do not require faith, only odds.
Poor Richard's Almanack Quote:
'Today's egg is better than tomorrow's chicken.'
Benjamin said:
My devout friend, demon coins have their own way to play—small positions, stop loss, do not be greedy. Smile when you win, accept it when you lose.
May you—understand the script, hold your position, and dodge the scythe.
—Charlie Munger
I countered: Do you know what 'going long without a liquidation price' means?
My thoughts:
Going long on contracts, as long as the leverage is not high and not chasing the peak, the biggest risk is going to zero. And before going to zero, every plunge is a seed for a rebound.
RIVER dropped from 87 to 8, a decline of 90%. This kind of drop already has odds enough for me to take a second look—lose, and I accept it; win, and it's several times.
What the data is saying:
MA7 8.843, MA25 9.339, the price is fluctuating between the two moving averages. The MA7 is about to cross above the MA25, which is a signal of short-term strength.
Trading volume 487 million, as lively as a vegetable market. This kind of volume is not dead money; there are people fighting.
What public opinion is saying:
On February 13th, RIVER surged over 30% in one day, and the community was madly discussing 'unlocking/exchanging', large holders used the narrative of 'exchange day' to pump and dump. Today it dropped 20%, and the same script is being played out again.
Some are panicking and cutting losses, while others wait to run on a rebound. As an old man, I just squat in the corner, waiting for the panicked people to throw out their chips.
Munger's Rule 169:
Rebounds do not require faith, only odds.
Poor Richard's Almanack Quote:
'Today's egg is better than tomorrow's chicken.'
Benjamin said:
My devout friend, demon coins have their own way to play—small positions, stop loss, do not be greedy. Smile when you win, accept it when you lose.
May you—understand the script, hold your position, and dodge the scythe.
—Charlie Munger
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.