Last year I lost 1 million, it really collapsed. I smashed my phone, deleted apps, and shut myself off for two months. I feel like I've gone completely dark on this crypto path. But, I just can't accept it. At the beginning of this year, there was only 3400U left in my account. I told myself: either admit defeat or restart from here.
This is how fans came to me, to vent their frustrations.
Who would have thought that with just this little money, I managed to help fans roll their funds back to 120,000, then double it, and double it again... Not only did I help them recover all their losses, but they also made an additional 500,000.
Sounds like a story, right? But what really turned my situation around were actually three points: • Never go all in, always leave a way out. The previous losses were all due to greed and luck. Later, I strictly adhered to one rule: never exceed 40% in a single trade, keep 60% absolutely intact, and cut losses when they exceed 15%. As long as you don't get liquidated, there will always be opportunities.
• Only follow the trend, don't guess tops and bottoms. Don't fantasize about catching the bottom or escaping the top, when the trend comes, only follow the strongest direction. Go long on big rises and short on big drops, don't bet against the trend for a rebound. A few times I made thousands of U in ten minutes, all by catching the right rhythm.
• Profit layering, even rolling profits needs to be cashed out. Every time I made a profit, I only took 30% to continue rolling, and the rest was decisively withdrawn.
Don't fear slowness, fear greed. Small funds can also turn around, the key is whether you can hold on. Don't mythologize yourself, and don't create illusions. I took fans from over 1,000 U to 50,000 U in just over ten days,
and also helped many near liquidation. To be honest, what many people lack is not skill, but a set of discipline and a guide. The market is moving again. If you really want to change, don’t just envy others.
Come, this time let's ambush a hundred times coin together. But let me make it clear: I only want to bring along those who genuinely want to turn things around.
These are the fans I brought, after making money, they immediately increased their positions to target the next bull market.
BN hits the US stock market, marking the countdown for the altcoin ecosystem
BN's move to go public in the US is purely a defensive strategy to safeguard its existing liquidity, rather than an aggressive expansion of its liquidity.
The entire altcoin ecosystem in the crypto space is set to officially enter the countdown after BN's listing on the US stock market. CZ ultimately played the role of a traditional leader, selling out the future of his altcoin brethren that he once uplifted during the grassroots era, embracing the US stock market's vast liquidity as a form of submission.
One characteristic of liquidity is that larger liquidity will continuously siphon off smaller ones. With hundreds of air coins on BN lacking any narrative or imagination, the introduction of leveraged trading in the US stock market will rapidly accelerate the demise of these air coins. A significant amount of capital from the crypto space will flow into the US stock market.
This is actually a huge bearish signal for the entire crypto asset space; when these air coins are forced to delist due to poor liquidity, the future valuation of BN will raise a massive question mark.
A lot of fans have been asking: Is the bear market over yet?
I have to say: We are still in the later stages of the bear market, my previous assessment stands.
Why do I say this?
The duration of each bull and bear cycle doesn’t vary too much; it typically takes about 12 months from the peak of a bull market to the bottom of a bear market, and we’re not there yet. The consolidation at the bottom hasn’t been sufficient.
The decline from the peak hasn’t been steep enough. Previous bear market retracements were 94%, 86%, 84%, and 78%. Right now, the lowest point has only retraced around 50%.
I previously estimated the bottom to be around October, but the current trend resembles the movements from August 2022. If that’s the case, we might see the bottom hit earlier, around July or August. This needs further observation.
The bearish trend remains, and it’s unrelated to short-term fluctuations.
Earlier, when we were near 81000, I advised fans to short, and that was based on solid reasoning.