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Read crypto things, be a crypto person, and realize your crypto dream. Here we accompany you through the big pillars of bull and bear.
In 2020, Bitcoin rose to 3.12, then plummeted, and then fluctuated sideways at the bottom. It was not until after the halving that it began to surge sharply in May and June. The same is true for this year's market, which shows that before the halving, it was also falling and trading sideways. The market will not surge until May or June? After this last month, we will be able to see the dawn of tomorrow.
Before the halving, the annual output of Bitcoin was about 330,000. Based on a price of $65,000, it would bring more than $20 billion of selling pressure to the market. After the halving, the annual selling pressure on Bitcoin will also be reduced by half, which is equivalent to a reduction of US$10 billion, effectively easing the selling pressure on Bitcoin.
Since the BTC spot ETF was approved, it has brought tens of billions of dollars in over-the-counter capital inflows, helping Bitcoin continue to rise. In previous bull markets, BTC usually had multiple corrections of more than 20%. However, the number of corrections and the magnitude of the corrections in this bull market are not many, which is precisely due to the continuous inflow of OTC funds.
Referring to gold ETFs, after the launch of the first gold ETF, gold ushered in a long bull run of nearly 10 years, with an increase of more than 400%. Compared with gold, BTC storage is safer, transactions are more convenient, transfers are faster, and it has superior value storage characteristics. The current market value of gold is US$14.5 trillion, and the market value of Bitcoin is only US$1.3 trillion. Bitcoin still has 10 times the distance from gold. The launch of Bitcoin ETF is more popular than the gold ETF of that year, and the speed of capital inflow is far ahead. .
Just last weekend, gold futures prices in New York hit a record high, approaching $2,260 an ounce. At the same time, the price of gold futures in Shanghai also reached a new high, exceeding 530 yuan per gram.
Not only the United States and China, but also gold prices in other countries around the world, such as Australia and Japan, have also broken their respective historical records.
It should be noted that gold's consecutive new highs during this period were achieved while the U.S. dollar index was so strong and the Federal Reserve maintained high interest rates.
This trend of gold can no longer be explained simply by the usual laws of economics, but can only be considered from a geopolitical perspective.
So do you know the gold content of the Bitcoin in your hand?
How is the opening of the recently launched W?
W Opening Prediction In fact, the pre-market trading of Wormhole lasts for a long time, and the price discovery is relatively sufficient. At present, both Aevo and Whales are about 1.6U, so it is most likely this position.
W total amount: 10b, initial circulation: 1.8b, corresponding to 1.6U, it is 16b FDV and 2.88b MC. In terms of current chips, of the initial circulation, the airdrop portion accounts for about 61%, the ecosystem and incubation portion accounts for about 28%, and the treasury portion accounts for about 11%. Therefore, the concentrated selling pressure is still part of the airdrop.
W is more popular than $ENA. Judging from the historical price of aevo, there is pressure at 1.83 and support at 1.53.
There are a lot of new coins recently, so don’t rush into the market when the market opens. Research the project first before rushing into the market. Rush $ENA Of course it will rise, but if you rush to the National Innovation Market, it will drop 10 times for you in one hour.
Lessons from the Cryptozoologists
Don't use leverage
Only 1% of people can make money using leverage for a long time.
Are you telling me you are part of the 1%? I do not think so. Buy spot until your goal is achieved, that's it.
Avoid mindless buying of MEME coins
If you are serious about your cryptocurrency journey and can’t check your phone every 5 minutes because you currently have a job,
Then stay away from MEME coins, maybe investing in the top 200 coins is a better choice.
Don’t over-diversify your investments
You shouldn't invest in hundreds of projects.
Most people probably have less than $100,000. Invest in 7 to 10 projects at most.
How do you want to keep track of 100+ projects? Ha ha. That is impossible, and if you are too diversified, you will miss a lot of good or bad news about the project.
When you chase the rise and fall in the secondary market, you ignore the beneficial effect of the primary market! Working hard to gain pitiful, meager gains? The legendary story of ten times in the crypto is not worth mentioning in front of the high-quality primary market, TIA’s 30 times. Ondo's 20 times, I usually don't understand, I don't know, it is wrapped in the information wall of Teacher Daidan. Now take one minute to add WeChat to understand the primary market, break the information wall, and change your understanding of how to play the crypto! Achieve financial growth.
