A couple of days ago my FOMO was particularly intense, so I wanted to take out a loan and come in to trade crypto. Now I’ve cooled down. The good news for spot ETF applications has already been fully priced in by the market. Unless there’s an even bigger piece of good news, there won’t be a massive breakout. And based on what the market is showing, it’s ranging sideways and there’s net outflow of large funds. The market seems to be expecting a somewhat bigger pullback, so I switched from a 3,000-yuan BTC bet to USDT.
#Remember: never borrow money to trade crypto—this can ruin you.
#How to verify your judgment? Use this 3,000 yuan as your trading capital and see how many times the returns you can get when you buy the bottom. Or check whether that opportunity still exists.
#Put your energy more into staying in the sidelines and increase your off-exchange earning ability.
#At the moment, the AHR999 data falls within the DCA (dollar-cost averaging) range, and the greed index is 70—so it really isn’t easy to get in.
#Remember: never borrow money to trade crypto—this can ruin you.
#How to verify your judgment? Use this 3,000 yuan as your trading capital and see how many times the returns you can get when you buy the bottom. Or check whether that opportunity still exists.
#Put your energy more into staying in the sidelines and increase your off-exchange earning ability.
#At the moment, the AHR999 data falls within the DCA (dollar-cost averaging) range, and the greed index is 70—so it really isn’t easy to get in.