1. Has the fixed investment price not changed?
The investment prices I set for Bitcoin and Ethereum in this round of bear market have not changed: Bitcoin is US$35,000 and Ethereum is US$2,500.
If the price is higher than this, I will stop investing; if the price is lower than this, I will continue investing.
2. Does ORDI have a fixed investment policy?
I don't have a regular investment in ORDI, I just bought some when it was low some time ago.
In such a big drop, I basically only focus on assets with the lowest risk but the biggest drop. In the crypto ecosystem, they are Bitcoin and Ethereum.
Such assets are not only safe to buy, but also have stable and predictable future returns. It is difficult to buy such assets at ordinary times, and there is only an opportunity when the market is seriously distorted.
So, whenever there is a big drop like this, in my opinion it is the best time to buy this asset.
I like big drops.
3. From now on, anyone who touches a contract will be a fool
If you don't play the contract well, it might be a good thing to teach yourself a lesson through such a big drop and liquidation.
I used to play with contracts and other derivative transactions, but after being severely educated by the market, I never touched these things again and I no longer had any interest in them.
This may be a hurdle that most investors must overcome on their road to growth.
4. This round of prices has not broken all previous highs, and now it doesn’t seem like I have reached the position to sell. If the bull market is gone, what should I do next? Should I wait another 4 years?
I have written about this question before, but it is a good question to ask now.
My attitude towards this issue has not changed, and I am prepared to face worse outcomes with greater patience:
Even if Bitcoin breaks the previous high ($73,000), I will not consider selling it until it reaches $100,000. And even if it reaches $100,000, it does not mean that I must sell it. Whether to sell or continue to hold it depends on the situation at that time and my own judgment.
If Bitcoin cannot reach $100,000 in the next bull market, I will hold on to it and wait at least 4 years to see if the next bull market will come. If the next bull market still cannot reach $100,000, I will continue to wait.
I can totally afford this time cost.
5. Is that the end?
I still suggest that our investors do not care whether the market has reached the “bottom” or not. Such speculation is actually meaningless.
If this big drop is the last big drop in this round of bear market, is it the bottom now?
We don't know.
Let’s review the data cited in yesterday’s article:
In 312, Bitcoin plummeted from $7,900 on March 12 to $5,140 on March 13. Obviously, that was not the bottom. The real bottom after that plunge was $5,000 on March 17.
If we look at the long term, in the following bull market, Bitcoin reached a high of $63,000.
Looking back from $63,000 to $312, how big is the gap between $5,140 and $5,000?
How big is the gap between $7,900 and $5,000?
At $63,000, it doesn’t make much difference whether it’s the bottom or not.
If this big drop is not the last big drop in this round of bear market, it is even more meaningless to speculate whether it is the bottom now.
So no matter whether it is the bottom now or not, my method is still to follow the fixed investment strategy set before.
6. Will Bitcoin’s Layer 2 narrative be one of the engines of the fall bull run?
I still think that the direct engine of the bull market should come from the application layer. The second layer of Bitcoin belongs to the infrastructure. They are unlikely to be the direct engine of the bull market. They just lay the technical foundation for applications and build a "highway". For the real ecology to prosper, there must be "cars" running on the "highway". Otherwise, if a lot of "highways" are built without a single car, the meaning is very limited.
7. The position has dropped by two-thirds in these seven days
I estimate that this reader may not have a large position in Bitcoin and Ethereum.
If the main positions were in Bitcoin and Ethereum, and if Bitcoin and Ethereum were not bought at high levels of $73,000 and $3,400, the positions would not have suffered such a large paper loss.
"Disclaimer: This article does not constitute investment advice. Please learn and communicate with netizens, be rational, establish correct concepts, improve risk awareness, and abide by the relevant laws and regulations of the country and region where you are located."
