I have thought a lot between $BTC and gold token 💦
About the advantages and disadvantages of each type, I think everyone already knows. To summarize quickly:
#Bitcoin has limitations, is not subject to the management and approval of anyone but is becoming centralized. I will talk more about this part below.
#GOLD is scarce but not limited, dependent on custodians/storage. It is accepted by the governments of various countries, banks, and organizations 👌
#BTC is being strongly accumulated by organizations, causing prices to rise, and with the limited supply being concentrated in the hands of a few organizations and companies, retail investors are hesitant to accept high prices. While gold is distributed worldwide, its price is cheaper but has the same property as Bitcoin in terms of value storage, making gold easier to accept, and with tokenization, retail investors have even easier access 😅 not to mention the flow of money from gold is beyond discussion since central banks exchange paper for gold 😂
In short, Bitcoin has officially been challenged in terms of on-chain value storage 😖. It’s hard to think, but through the recent strong increase in volume of $PAXG , it can be understood that some money has gone through gold 😖 Not to mention about these quantum things, Bitcoin is in a difficult position and I don’t know what the future holds 😫.
Currently, I have not incurred losses, but I have lost a lot of profits already 😅 If any of you have a viewpoint proving that Bitcoin is better than gold in any aspect, let me know 👌
The good news is that many gamblers are opening SHORT positions $BTC 😅 so the price might recover well, I hope it can reach $89k 😅
The bad news is that there has been too much money liquidated en masse over the past month, from October 10 until today. A few hundred million USD at least, and higher is over 1 billion USD each day. Therefore, liquidity to pull the market in the short term will face difficulties 👌 Just thinking about the next cycle is enough, this cycle is considered done 🤧 This year has been brutal in both the financial market and life outside, it's just terrible 😖
The cryptocurrency market is bidding farewell to players. #Bitcoin not only hasn't increased but is also down more than 3% compared to the beginning of the year 😖. Compared to other markets, #BTC is completely defeated, even worse than the interest rates of US government bonds 😅 so humiliating 😅
Tet is coming soon, 3 months will pass very quickly, and with the investment situation, natural disasters flooding across the country, I am not sure what next year will be like, too brutal 😖
Personally, I have lost nearly 1 billion VND in interest this year 😅
Such moments occur only 1 to 3 times each year. Don't miss out :)
Tý Chu Legend
--
Bullish
This reduction is clearly a strong message from MM to all gamblers 😤
"WE WANT TO PULL IT, IF WE WANT IT TO COLLAPSE, THEN IT HAS TO COLLAPSE, REGARDLESS OF WHAT KIND OF ASSET IT IS. SO JUST KEEP PLAYING AND STOP TALKING ABOUT THE GREAT THINGS"
OK 😂 the message is very clear now, depending on how you guys care for your family and children 😂 those MM guys have the ability to change and those RSI are what they want gamblers to look at to open LONG positions 😂
Oh my god, $BTC and they push 5, 6% in a day like that 😂 at this rate, we have to go through a few more halvings, the amount #BTC of old stocks is spread out, then maybe the condition "I WANT IT TO COLLAPSE" will no longer exist 😂
Bitcoiners, HOLD ✊ losing money is regrettable for everyone, but focus on the positive things:
1. The amount of BTC remains unchanged. 2. Treat BTC like real estate to hold long term 🥳 3. Keep running Grab to earn a living and save in BTC ✊ 4. No gambler is good, but USD billionaires in the world are definitely skilled 🫡 just follow them and you'll earn money 😤
If you guys are scared right now, I would also bow to you. This is the perfect time to accumulate more BTC. Of course, you have to buy SPOT. With the 1D RSI being this low, it will definitely rebound strongly next week. This is the best time to make money. Rotate your money and buy it :)
Tý Chu Legend
--
Bullish
This reduction is clearly a strong message from MM to all gamblers 😤
"WE WANT TO PULL IT, IF WE WANT IT TO COLLAPSE, THEN IT HAS TO COLLAPSE, REGARDLESS OF WHAT KIND OF ASSET IT IS. SO JUST KEEP PLAYING AND STOP TALKING ABOUT THE GREAT THINGS"
OK 😂 the message is very clear now, depending on how you guys care for your family and children 😂 those MM guys have the ability to change and those RSI are what they want gamblers to look at to open LONG positions 😂
Oh my god, $BTC and they push 5, 6% in a day like that 😂 at this rate, we have to go through a few more halvings, the amount #BTC of old stocks is spread out, then maybe the condition "I WANT IT TO COLLAPSE" will no longer exist 😂
Bitcoiners, HOLD ✊ losing money is regrettable for everyone, but focus on the positive things:
1. The amount of BTC remains unchanged. 2. Treat BTC like real estate to hold long term 🥳 3. Keep running Grab to earn a living and save in BTC ✊ 4. No gambler is good, but USD billionaires in the world are definitely skilled 🫡 just follow them and you'll earn money 😤
This reduction is clearly a strong message from MM to all gamblers 😤
"WE WANT TO PULL IT, IF WE WANT IT TO COLLAPSE, THEN IT HAS TO COLLAPSE, REGARDLESS OF WHAT KIND OF ASSET IT IS. SO JUST KEEP PLAYING AND STOP TALKING ABOUT THE GREAT THINGS"
OK 😂 the message is very clear now, depending on how you guys care for your family and children 😂 those MM guys have the ability to change and those RSI are what they want gamblers to look at to open LONG positions 😂
Oh my god, $BTC and they push 5, 6% in a day like that 😂 at this rate, we have to go through a few more halvings, the amount #BTC of old stocks is spread out, then maybe the condition "I WANT IT TO COLLAPSE" will no longer exist 😂
Bitcoiners, HOLD ✊ losing money is regrettable for everyone, but focus on the positive things:
1. The amount of BTC remains unchanged. 2. Treat BTC like real estate to hold long term 🥳 3. Keep running Grab to earn a living and save in BTC ✊ 4. No gambler is good, but USD billionaires in the world are definitely skilled 🫡 just follow them and you'll earn money 😤
The massive selling of $BTC by whales aims to throw the cryptocurrency market into panic. FUD is being pushed into the market in droves 😂
Until now, for those who have absolute faith in #BTC more than fiat money, they continue to buy in and there’s nothing that scares them 🤪 FUD may differ, but the essence of #Bitcoin remains unchanged:
1. There are only 21 million, the actual amount is even less, ~ 17 million. 2. In the short term, BTC may drop to $88k (this is my number) but I know there are many people out there holding cash to increase their positions, how do I know? Just look at myself 😂
I am a "Fish" when it comes to the amount of BTC held and continue to increase my holdings in recent days. If anyone feels scared, look at the speed of currency devaluation and you will feel relieved 😂
Focus on the positives, ignore the negatives👊. Wall Street has joined, ETFs continue to attract capital, the supply of BTC on exchanges is extremely low, the FED is lowering interest rates, governments are taking turns hoarding BTC,... There is an overwhelming amount of positive information 💥. Don’t let the negativity from others seep into yourself. Trust in your own ideals, believe in the wisdom of USD billionaires, trust in Satoshi Nakamoto's vision. When faith is strong enough, the final result will be incredibly sweet 💥 (I talk too well 😂)
Finally, why is FUD being released? Simply because everyone wants to buy BTC at a low price 😂 and I personally won’t sell off my BTC 😂 (Actually, I am also trying to FUD that 😉)
I only talk about Bitcoin, those holding altcoins, I wish you good luck 😅
Sometimes you have to look straight into the truth and admit it 👌
The truth is $BTC has been and is in a Bear Market. Although there is good macroeconomic information supporting it, #BTC has not increased but rather decreased SML 😅
Those who have been trading Bitcoin need to be careful, there is a high possibility that it will return to fill the GAP $92k that many people have talked about on X. There may be many gamblers waiting at that price range to LONG 👊
In the short term view, #Bitcoin might be supported at $95k 😅 Tonight will definitely be a long night, gamblers should prepare their mindset and limit checking prices 💥
For HOLDERS, the current price range is still quite profitable. Just showed a profit of 10 digits, now the profit is only 9 and has lost quite a lot of profit 🤪 I will wait for BTC to reach $92k to increase my position.
Now my posts have no views at all 🤣 but it's okay, because basically I don't make a living by writing content 👌 I hope my personal investment mindset will help many people 🫡
I am a person who is against investing #altcoins and that's why two things happened:
👉 Now the content I write has views not exceeding 1k 🤣 before it was several tens of k 🥱
👉 Only investing $BTC so I'm making a profit of 10 figures just this year and I have no need to spend money, so currently not selling 🫡
Last night I wrote a motivational post for this tiny community while making a few BUY orders, totaling $30k U buying #BTC at $100k - $102k, then this morning I saw my account increase 🫡 locking in profits. The profit was converted to #Bitcoin and withdrawn to a cold wallet ✊
But, when I look back, the leaf holders have increased much more 🥱 and this is the point I want to emphasize in this post 👊 you cannot put your life in the hands of those lazy MM guys 😑 they want to increase, they increase, they want to decrease, they decrease 😤 having a lot of holders will never increase 👊 I only focus on Bitcoin because I know it’s very hard to be manipulated 🤫
I am proud that my investment perspective brings positive results. For those who follow, I am 100% sure that those people are making very good profits instead of splitting 5, splitting 10 accounts like the leaf holders 😎
The year is almost over, whether there’s a cycle or not, I don’t care 👊 I’m ready to welcome if BTC goes to $55k 🥳 because I know for sure BTC will bounce back again 😎
BTC has been fully withdrawn to a cold wallet, so there’s nothing left to share in the portfolio 👇
This moment is making me remember the previous period, when the price $BTC was continuously pushed down from a low of 26k to 16k 👌 some analysis says that someone is intentionally pushing the price down to create disruption and make the market collapse 💯 a few months later, the incident #FTX erupted and it was that curly-haired guy Sam who asked his team to devalue #Bitcoin 😂
Currently, it's just like that ☝️ someone is intentionally pushing the price down to sabotage the market, specifically these elements are probably targeting Bitcoin storage companies like Strategy or Metaplanet. BTC price drops, pressure will increase and these types of companies may have to sell their Bitcoins at a loss 🫡
But, those MM guys haven't understood deeply yet. Bitcoin now is an asset accepted by international banks for collateral 👊 that means pushing the price down to create panic and gather cheap prices can't be done 😑 not to mention organizations are competing to gather 👌
Do I personally feel scared? Scared as hell 😂 BTC only has 21M, no matter how much it is pushed down, I know it will go up again 😂 BTC is no longer a speculative cryptocurrency 👌 it has become a global asset now 👊 don't sell, just HOLD and reap the rewards 💯 should only sell BTC when you need money for purchases like buying a house, buying a car 🫡
What are the necessary conditions to have a #altcoins ss? 🙌
It is necessary for $BTC to increase to $265k 💯 #BitcoinDominance must increase by over 70% ✌️then historical data will be activated 🤪
So, what should the gamblers do? Buy #Bitcoin 🫡 dump shitcoins ✌️
In fact, with Bitcoin Maximalism, they still enjoy, eat well, and sleep soundly 😴 with new altcoins to lure the chickens into meat like $PENGU $MORPHO so it decreases sml in a few days 😩
The market continues to go through an extremely difficult phase 😅 crashing hard, repeatedly over the past few days 😤 promotions from bookmakers always encourage enticing new gamblers into this market lz but even old players with many scars still have to breathe oxygen continuously 😑
#altcoins no need to mention, even $ETH and $SOL are crashing more than 10% more, let alone small-cap altcoins 😅 scrolling X shows that many accounts have raised the white flag 😩 Since you came back, the market has been fluctuating in a way that makes it hard to breathe 😤
$BTC is still quite weak but I don't believe it will crash hard because the position of #Bitcoin now is different from before when institutions have participated 🫡 even many banks have offered mortgage loans 👌 anyone holding #BTC can still confidently eat well, sleep soundly 💪
The 4-year cycle for those who believe is offloading, those who don't believe are holding 👌 but if your trusted assets have good prices, cheap prices, bargain prices, I advise you to rotate your money to accumulate gradually because the current price range is making almost everyone lose already 👌
Answering the hottest question right now from a personal perspective 💥
In my opinion, is the 4-year cycle in the cryptocurrency market still existing?
With $BTC there is no longer a 4-year cycle, why? Institutional capital is still pouring into the market and is ready to buy the dip if there is a good price 👊
With #altcoins the 4-year cycle still exists, the reason is that the trust in altcoins is not strong enough to attract money from institutions, while retail investors have already been and are being manipulated by exchanges, projects, whales, dolphins,...
If I were you right now, when feeling too suffocated, I would transfer all altcoins to #Bitcoin . Only by sleeping well can one think of other issues, right? :)) 🤪🤪
The current selling force is probably from those who believe that the 4-year cycle will continue 😂 This Square account is probably restricted by Binance due to some issues and honestly, I don't care, lucky for those who notice 😂
Today is the reason why you should only buy $BTC and hold long term 😂
In Binance, I set up the "Favorites" section with only #Bitcoin to avoid FOMO and limit looking at the #altcoins leaf and jackfruit leaves ☝️ saw #BTC drop significantly yesterday without clear reason, proving that Bitcoin is still being manipulated very lightly by MM 😑
Turn off the Binance app and switch to another app with a follow list of a few dozen tokens, I was shocked 😂 damn, it crashed like rotten tomato 😤 all down more than -10% 🤣 damn, then those guys comfort each other that there will be an altcoin season soon 😅 trying to endure 🤪 anyone who can't stand it should jump ship and MM will push the price then 🤣 damn investment thinking 😩 "Here is my money, you guys MM take it, whenever you push, push, if you don't push, I can lose it all too" 😂 oh my god, you gamblers 🤣
If you just buy and HOLD Bitcoin, by now you guys are still breathing normally, still bullish because with only 21 million, in the short term Bitcoin will easily bounce back ✊
Looking back at some #altcoin that I really like is truly shocking. $AXL $DOGS 😑 my friend even wants to DCA into the Dogs, that's crazy 😩 luckily I had to pull my pants down and pray to him to get rid of that ridiculous thought 😂
If you want to play altcoins, you have to have a stop loss point 👌 some investment views suggest that the market will go sideways and then at some point will spike strongly, after that the KOLs bring out 1 or 2 examples to talk about 😔 their portfolio has dozens, hitting the jackpot on one coin is what they show off, that's really something 😑
Statistics from the US stock market show that only 2.39% of businesses provide sustainable profits 👌 so it's really easy to understand if 99.9% #altcoins will go to 0. I don't even believe $ETH anymore 😁
Increasing position with #Bitcoin 😉 mainly bottom fishing in the price range of 103, 104k 😏👍❤️
The exchange rate of VND against USD is skyrocketing 👊 the most classic is in the past 10 days and currently the black market is nearly 28k for 1 USD 😒
I'm sitting here thinking, with the rate of currency devaluation like this, it's doomed 😑 it's not random that many wealthy people are willing to buy gold when it exceeds 4k USD per ounce 😑 What is actually happening 🤔 what should one do right now? 🤔
For those holding VND who want to buy $BTC right now, it's no different from buying at a price above 115k. If #Bitcoin drops below 100k, USDT will definitely surpass 30k as it is currently approximately 28k 😳
So, what should we do right now? Looking around, all types of assets are increasing in price, it's not easy to make investment decisions at this time 👌 but everything in life has choices 👌 I have chosen what I believe in 👌 right now I feel that each #altcoins seems to be very cheap 😂 but I don't use cheap stuff 👊
My current investment portfolio is 82% BTC and 18% USDC 🥳 Not $ETH and also not $SOL 😤
Life is becoming increasingly difficult and harsh, make sure every decision does not affect the family 👊
The cryptocurrency market is gradually becoming distorted 👌
When $BTC was created, the purpose was for people to trade peer-to-peer without any organization or individual acting as an intermediary 💯 however, Satoshi did not realize that human nature still exists, greed is still there and it has not disappeared ✅ it has only transitioned from a classic state to a modern one 😅
Indeed, in the long term, individuals #Bitcoin will no longer be accepted as the only store of value asset 💯 USD has entered, now it is gold $PAXG 🫡 the volume of gold recently has been fairly consistent, indicating that funds are flowing into it ☝️ combined with the upward momentum that nothing can hinder, it's easy to understand why Bitcoin is becoming #Uptober to #Uptover 😤 in the short term, I said before, Blackrock will tokenize their funds and assets, and the #altcoins will go underground 😑
I am very familiar with price manipulation in this market, when everyone dumps $ETH down to 1k7, #SOL down to 120, the market makers will have to step up to catch the dump, once the dump is full, they will push. After pushing, once they catch the dump, specifically ETH back to 3k7, SOL 185, then the gamblers scream that it’s too cheap and rush in to scoop up 😂 once the dump is full, the gamblers who are hungry will just dump it, it's that simple 😂
Conclusion: in the short term altcoins go to 0, tokenized assets will strongly attract funds, specifically gold 👌 Bitcoin will return to its true value, approximately the cost to create 1 Bitcoin ☝️
I see that you all are very excited about hunting for Funding fees 😤 To simply understand what that means, I will take an example as follows:
On #Polymarket , there is a bet that the FED will lower interest rates by 0.25 basis points this October with a ratio of 99 to 1 👌 The winning rate is 99% 😁 If you win, you gain 1, if you lose, you lose 99 😁 Hunting for Funding fees is similar, putting in a large amount of money to earn a small profit; in trading, there is never a situation where the risk is zero 👊 As for the style, it depends on each gambler ✅
Regarding $BTC , I see that the current price is even higher than last week's price 😂 so I don't know how the catastrophic drop described by some KOLs is like 😴
As for #altcoins , I have warned many times already 💯
Regarding whether to catch the DIP today or not, the answer is no 👌
I don't like writing posts anymore, so I'll just quickly recap:
1. This is a Zero Sum Game market 💯 2. 95% of the #tokens comes from the exchange 🔥 3. There are no newcomers, only those scarred guys are fighting each other ☝️ 4. I believe that besides #Metaplanet and #Strategy , no one dares to buy $BTC at the current price 👌 5. There's never been such a thing as an altcoins season 👊 there's only the so-called FOMO trap and the big scam 😓 6. There's no one to help you make money, but there will be someone rolling out the carpet for gamblers to play cards, bet, and take fees 🫡
My portfolio remains unchanged: 60% USDC and 40% $BTC ✅ I'm currently earning interest on $AAVE ☝️