币界长老

4 cryptocurrencies with a 100x return rate for bottom-fishing in the 2024 bull market!

Why did it soar? What strategy do you use now?
Brothers, get up. A big positive line made a lot of money. After the CPI data was released, we followed the trend and kept reminding everyone to hold long-term. Finally, we got a big result. Congratulations to the brothers who made money!

It’s still the old saying: once a big trend is formed, it will not last only 24 hours. Most of those who are obsessed with short-term petty profits will sell it. Those who don’t understand the trend will be blown up by short selling.

Yesterday, a big thing happened in the few hours we slept.

Previously, the market generally believed that the Ethereum ETF would not be approved, but yesterday the SEC asked the exchange to speed up the update of the 19B-4 document on the spot Ethereum ETF, which means that the SEC has a probability of approving the Ethereum ETF, and the probability of approval has increased from 25% to 75%. If it passes, ETH will break through $5,000.

What, you want to issue your own virtual currency, really?

Virtual currency now acts like a prostitute, seemingly full of G-spots, and if you're not careful, everyone will want to take a turn, ultimately leaving no one knowing who feels good?
Anything or anyone seems to become a hot topic as long as it has some connection to Bitcoin.
Negative news, positive news? Market crash, running away? The currency is innocent; the key lies with the people.
But for those within the circle, in my opinion, it’s time to say goodbye to all the entertaining fluff and nonsense.
Diving deep into the community, researching projects, and holding coins is the way to go.
Staying away from garbage information is the only way to have a future.

Will Bitcoin continue to rise?

From the market trend of the past year, Bitcoin has been on a strong bull market since October last year, and it has continued to a new high. So, when will the bull market reach its peak and when will it turn into a bear market?
In the long run, with the further expansion of Bitcoin consensus and various favorable news, the price will inevitably rise further. In my opinion, the current bull market is only halfway through, and new highs will continue to break through. The 80,000 or even 90,000 mark is also possible in this round of bull market. So what is the end? I personally think that it must fall below 50,000 at least to be considered the end of the bull market!

In the short term, Bitcoin halving is less than 20 days away, and there are many bearish people. In my opinion, don't blindly miss the opportunity at present. From the on-chain data, the big cake is still flowing out of the exchange, indicating that international big capital is not in a hurry to stop profit. From a macroeconomic perspective, the Federal Reserve has cut interest rates three times this year, and the first one may be in June. From the K-line pattern, the support is strong, and the price is close to the MA30 callback. Another thing is that the net inflow of ETFs has begun to turn positive.

Judging from the current market conditions, Bitcoin is still operating in a range of 72,000-68,000.

How should BTC go? Has it reached the top now?

520 is a good day. After all, it is a holiday. Bitcoin also sent a surprise. Will this surprise last or disappear for a short time? First of all, congratulations to those bosses who have already made a profit. However, I do not recommend chasing high prices. Dangers lurk in places you cannot see. You still need to control risks today. Good luck to everyone!

What is the principle of virtual currency mining? Do you know it?

Virtual currency mining (also known as cryptocurrency mining) is the process of generating new coins by solving complex mathematical problems to verify transactions and add them to the blockchain. The mining process requires a lot of computing power and electricity resources. In the blockchain network, each block contains a set of transactions. The task of the miner is to find a hash value that meets specific conditions through calculation competition. This value is a digital signature of a specific length used to verify the validity of the block.
The following are the basic principles of virtual currency mining:
1. Transaction packaging: Miners pack the pending transactions into a block. This block contains transaction data, the hash value of the previous block (a link to form a chain), and a random number (called "nonce").
2. Proof of Work: Miners try to generate a hash value that meets a specific difficulty by constantly changing the value of "nonce". This hash value must meet specific requirements, such as the first few characters must be 0.
3. Competitive solution of hash value: Miners compete with each other, and whoever can calculate the hash value that meets the requirements the fastest will get the right to add this block to the blockchain.
4. Rewards: As a reward for verifying transactions and adding blocks to the blockchain, miners usually receive newly generated virtual currency (such as Bitcoin). In addition, miners also receive transaction fees as an additional reward.
5. Verification and propagation: When a miner successfully finds a hash value that meets the requirements and generates a new block, the block will be sent to the entire network. Other miners will verify whether the block complies with the rules. If the verification passes, the block will be added to the blockchain.
Through these steps, the virtual currency network maintains security and integrity while ensuring the legitimacy of transactions.

The story of a copper coin

A young man caught a mouse and sold it to a pharmacy, and he got a copper coin.

He walked through the garden and heard the gardeners say they were thirsty, and he had another idea. He used the copper coin to buy some syrup and gave it to the gardeners with water.

After the gardeners drank the water, they gave him a bouquet of flowers each. He went to the market to sell the flowers and got eight copper coins.

One day, it was windy and rainy, and the orchard was full of dead branches and leaves blown down by the strong wind.

The young man said to the gardener: "If these broken branches and leaves are given to me, I am willing to clean up the orchard."

The gardener was very happy: "Okay, you can take them all!" The young man bought some candies with eight copper coins and distributed them to a group of children playing. The children helped him pick up all the broken branches and leaves.

The young man went to the royal kitchen and said that he had a pile of firewood to sell to them. The kitchen paid 16 copper coins to buy the firewood.
The young man used 16 copper coins to make a living. He set up a tea stand not far from the city because there were 500 grass cutters nearby who needed water.

Soon, he met a businessman who passed by to drink water. The businessman told him: "Tomorrow a horse dealer will bring 400 horses into the city."

After listening to the businessman, the young man thought for a while and said to the grass cutters: "I won't charge you today. Can you please give me a bundle of grass each?"

The workers said generously: "Okay!" In this way, the young man had 500 bundles of grass.

The next day, the horse dealer came to buy feed and paid 1,000 copper coins to buy the young man's 500 bundles of grass.

A few years later, the young man became a well-known local tyrant.

The story is simple and interesting. The young man's success is not accidental, because he has the management qualities of modern people.

Every one of us dreams of success, and wealth is around us. Some people complain about bad fortune, some people complain about social injustice, and some people lament that their parents are incompetent... In fact, what we really lack is diligence and the wisdom to discover wealth.

Whether you are a cryptocurrency guru or a novice, no one can buy at the bottom.

For example, if you buy at 67000, you also buy at 64000, 62000, 60000, and 59000.
You see, I can't even buy at the absolute bottom myself.
What I see is Bitcoin reaching a price of 100,000 to 150,000 in this bull market; short-term fluctuations in price and unrealized gains or losses are not my concern.
Of course, all of this is based on reasonable position control.
At the same time, I will also place orders at positions like 55000, 52000, and even 48000; I also know these positions are hard to fill.
But the most certain thing in the cryptocurrency world is uncertainty. What if a black swan event similar to the one on May 19 suddenly appears?
Many friends are chasing the so-called bottom, believing they must buy at the lowest point and sell at the highest, enjoying fantasizing over historical charts, thinking that if they just manage to trade at *** positions with high leverage, they would already be financially free.
Everyone should not be obsessed with this; the future is uncertain.
Even though we all know that Bitcoin will reach 100,000 or even 200,000 in the future, would you dare to go all in with high leverage now?
You wouldn't dare, because what will happen in between is uncertain.
The deep-rooted human aversion to risk makes us focus only on the present, being able to only focus on the end of this year and the beginning of next year.
While some people focus on today and tomorrow.
With the randomness of short-term market trends, can you, as a novice, avoid losing money?
Moreover, this circle is full of traps; you and I are both players in the game.
Never overestimate yourself!

If you want to seize the last opportunity, keep these points in mind!

1. Be cautious when participating in new altcoins in the second half of the bull market, as the risks associated with altcoins in the second half are much greater than in the first half. The project teams will act faster, aiming for quick profits. If you lag behind due to consensus, you may not have any chance to recover your investments.

2. Focus on spot trading, continue to avoid contract leverage, whether it's Bitcoin or altcoins, do not engage. The crazier the bull market, the greater the volatility, and the higher the probability of liquidation.

3. Withdraw a little before reaching your price target for the coins you hold; don't be greedy. You should take out your principal after a 3 to 5 times return.

4. Stand on the opposite side of market sentiment and content direction, and always maintain a clear mind.

5. Whether it's value coins or meme coins, there will be opportunities for explosive growth in the second half. The chips are still the core of your profits; do not engage with uncertain opportunities, do not operate in uncertain markets, and let the outcomes of the bull market guide you.

6. Profits in a bull market should be realized gradually and in a timely manner; do not blindly withdraw funds, do not find it too complicated, and do not withdraw all at once. Look for multiple paths and methods. Finally, I hope everyone can make the most of the second half of this bull market!

Bitcoin returns to $67,000, 5.19 has become history, will it fall sharply?

Today is May 19, which is also a memorable day, because on this day in 2021, there was a big drop, and it was also from this day that most currencies entered the bear market from the bull market.
It was also from that time that those who did not believe in the law of cycles began to lose money from making money.
At the end of the last bull market, many big Vs and institutions were saying that the bull market in 2020 was an institutional bull market, and there would be no bear market in the future. This led to many retail investors who only listened to the news to follow them and expect Bitcoin to reach $100,000.
Our institution had already cleared its positions and escaped the top on May 17, 2020, but retail investors outside still expected the bull market to continue.
The market trend has changed, and retail investors still maintain the bull market thinking, unable to distinguish between bulls and bears, unable to judge the trend, and unable to identify the top. They just listen to the news and trade blindly, and have never thought that the news you can see is what the main force wants you to see, and they are still entering the market frantically.
This is the main trading method. The entire bull market is cultivating the bull market thinking of retail investors, and the entire bear market is cultivating the bear market thinking of retail investors.

At the end of the last bull market, the emergence of Animal Coin was to make retail investors greedy, and this wave of callbacks is to make retail investors fearful.
Buffett once said: Others are greedy, I am fearful, others are fearful, I am greedy. This sentence means that at the bottom of the bear market, you must dare to enter the market, and at the top of the bull market, you must be willing to leave the market.
Everyone in the circle has heard this sentence and understands it, but it is difficult to do it. There is a huge difference between knowing and doing. The key to being able to do it lies in whether you can distinguish between bulls and bears.
Time flies, and it’s a new bull market again. Looking back, those who thought there was no bear market at the end of 21 have basically lost all their money and left the market.
Looking at the present and then, it is very similar. The difference is that at that time, retail investors believed that there was no bear market, but now they believe that the bull market has not come.
The change of bull-bear cycle every four years is a rule. Those who do not believe in the rule are due to their own lack of knowledge, inability and self-righteousness. The best example is the saying "Looking for a sword on a boat" is a good example.
There is also the saying "Three people make a tiger". If one has a judgment, but is questioned by others, he will gradually begin to doubt his judgment and eventually change his point of view and stand on the side of the majority. He has never thought that in the financial market, only a small number of people can get the results.
Respecting the market can help us reduce risks, but being too timid will also make us miss opportunities. A complete trading system can help us prevent and control risks while seizing opportunities. After judging the bull-bear trend, we will trade according to the strategy of the trading system, and we will not become anxious.

Judging from the short-term trend of Bitcoin, this wave of rising bulls first increased in volume and then decreased in volume, which shows that the bullish force began to weaken.
The volume of the shorts is also smaller than the previous wave. The overall long and short positions are shrinking, and the performance is not strong. As can be seen from the figure, the pressure level has not been reached several times, indicating that the upper pressure has been met.
Bitcoin has returned to $67,000 this time. Judging from the trend of the market, there will be a short-term correction, but the support below is heavy, and the correction will not be too strong.
May 19, 2021 is the end of the bull market, but the current bull market cannot be used as a comparison, so my view has always been that the possibility of a sharp drop in Bitcoin is not great, and there is no sign of a sharp drop in the market.
​
The above analysis only represents personal opinions and does not constitute any investment advice.

If you want to turn over, restrain your desire.

Grassroots who have nothing want to turn over, you must restrain your desire and don't let yourself fall into the feeling of getting rich quickly, otherwise you will be very floating, which will lead to the desire to hoard coins but unable to move.
All those who desire to get rich quickly will eventually be scrapped, all those who envy the contract to make a fortune will end up splitting up, and all those who believe in big-breasted beauties on Twitter will end up losing everything.
Once the market situation improves a little, there will definitely be countless people who increase their positions and buy in, wanting to earn more, and eventually take over. Greed will be backfired, there is no doubt about this.
As I said, the best way to mix in the currency circle is to forget about the currency circle, take good coins, wait for the bull market, and come back to sell.
Some people say, brother Ben, you have shared all these experiences of hoarding coins, who will lose money?
Don't worry, few people can persist in hoarding coins.
There are too many temptations in the currency circle. Today, you can get rich by rubbing wool, and tomorrow, you can get rich by local dogs. We all know that it is fake. After seeing too much, we always want to try it, but we are deceived and get into bad habits.
How to restrain desire?
Keep your expectations to a minimum, block all cryptocurrency ads, work hard, return to life, and let the coins in your hands slowly take root and sprout.
But don’t, you just planted the seeds yesterday, dig them out today, and move them to another place tomorrow. Put them in the cold palace, and the bull market will come again.

How to get first-hand information about the cryptocurrency circle?

Generally speaking, the most reliable information platform is Twitter. In China, there are Wu Shuo, PanEWS, etc.
Since the Internet, rumors, gossip, and junk information are everywhere. News and entertainment are all over the Internet all the time. True and false, if you are not careful, your brain will be poisoned by this large amount of information. Over time, you will become a genuine brain-dead.

Three common ways to process information
See the information and respond immediately. This is the instinctive reaction of most leeks, novices, and newcomers. Perhaps they have developed the habit of racing against time since childhood, for fear of missing out. When they encounter information, they never think about it, do not verify it, and directly make investment decisions and operate. Once they develop this behavior habit, they will definitely have sleepless nights. It is definitely nonsense to want to make money.
See the information and know how to verify it. When they encounter news information, they know to verify it with the official. Relatively speaking, they can avoid obvious pits, and general rumors will not harm them, but they lack thinking and judgment on the information. It is difficult to dig out the logic behind the information, so it is easy to make wrong decisions.
Analyze, judge the information, and make decisions. This is a relatively effective way to process information. You can gradually form your own independent judgment and no longer follow the crowd. With the increase of experience and learning, you will form a mature investment system and have your own unique perspective on the world. Whether in terms of wealth or life, it is extremely useful. The premise is to constantly optimize, learn, and deny your own judgment, and carefully carve your CPU. How to learn? How to optimize? I will talk about it later.

Consequences of incorrect information processing

The most direct consequence is losing money, taking over, and even running away from the invested project. Why are such stories so common? To a large extent, it is precisely because of the lack of basic processing and judgment of information. You believe whatever people say and take over again and again. When taking over becomes a habit, you will doubt yourself.

Looking at the Internet, most of the audiences of capital plates and pyramid schemes are middle-aged and elderly people. Due to information blockage and lack of understanding of information, they are extremely easy to be deceived. A few P screenshots can deceive them. I don’t mean to say them, but this is a fact. If you don’t improve, don’t learn, and don’t have a wide range of information, being deceived is a high probability event.
Back to the cryptocurrency circle, it can be said that we all started as newbies. In the early stages, we were easily deceived by the so-called news. As the number of tricks increased, we gradually developed a set of indestructible skills. Now the question arises again: what should we do if we ignore valuable information?Information tracing, judgment, and improving brain CPU.

How to improve information discrimination ability
Verification, questioning, common sense, logic
For any information, first verify the authenticity, then question the accuracy and source of the information, whether there is a misunderstanding, and use common sense and logic to judge how the banker, project party, and retail investors will react, so as to increase the probability of making the right decision. In fact, strictly speaking, retail investors who hoard coins need to think more. Faced with the myth of getting rich every day, the key to whether they can endure loneliness lies in the discrimination and processing of information and learning to think. This is a lifelong lesson, which cannot be learned in a short time, and it can be practiced slowly.

Four Sad Stories in the Crypto World, How Many Have You Experienced?

1. Just when you are close to breaking even, the rebound suddenly stops
2. Just when you profit and exit, a dark horse emerges
3. Just when you are self-satisfied, a crash arrives as expected
4. Just when you are broke, good coins are everywhere

"I entered the market just to make money, but later I developed faith"

In the past few years, it is difficult to summarize in one sentence how people make money in the cryptocurrency ecosystem. Some people mine by themselves, some open mining pools, some speculate on coins, some issue coins, and some go all in.

You also don't know how many coins anyone has. In public media materials, Li Xiaolai once revealed that he had six-digit bitcoins; Pumpkin Zhang, the founder of Canaan Creative, which recently applied for listing on the New Third Board, once owned 60,000 bitcoins; the Winklevoss brothers had 100,000 bitcoins; Roger Ver, known as the "Bitcoin Jesus", had 300,000 bitcoins.

According to incomplete statistics, there are currently more than 1,600 digital currencies listed on major exchanges, with a total circulating market value (excluding locked shares) of more than 5 trillion yuan, and a daily transaction amount of more than 500 billion yuan - the transaction volume is already on par with the Shanghai and Shenzhen stock markets.

Yancun Cowherd wrote in the article: "I have come into contact with many people who switched from the stock market to the cryptocurrency market. In 2017, a 10-fold return was just the beginning, 30-fold barely qualified, and 100-fold was commendable."

As the saying goes, "One day in the cryptocurrency world is like one year in the real world." The volatility of digital cryptocurrency is unmatched by any financial product in history, creating countless little-known ups and downs.

#梦想终究照亮现实

10 years ago, did you think that one BTC coin would buy one house? Would you dare to think about it?

10 years ago, Bitcoin was only a few hundred RMB. At that time, the currency circle shouted the widely circulated slogan of "one coin, one villa". Who dared to believe it at that time? Now it is close to 470,000 RMB per coin, which can be said to be basically realized. In rural areas and remote towns, a small villa can be built with hundreds of thousands of RMB. @币界长老

#机构积极投资比特币ETF

Cryptocurrency is good again!

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North America | United States and CanadaEurope | Europe: UK, Germany, FranceAPAC | Asia Pacific: China, India, Japan, South Korea, Malaysia, PhilippinesLatin America | Latin America: Brazil and Rest of Latin AmericaMiddle East and Africa (MEA) | Middle East and Africa (MEA): GCC, North Africa, South Africa and Rest of MEA