We still have to be vigilant in the bull market. Is the sharp rise and fall the basic attribute of the currency circle? | Roast Star Selection
The currency circle is really unpredictable. The sun is still shining brightly in the morning, and it is full of dark clouds in the afternoon. In the currency circle, if you don't have the quality of heart, you really can't live.
In the morning, there will be a news push in a short while, a certain coin has risen by 10%, and there are many coins with an increase of more than 50%. At that time, I really feel that it is time for the demons to dance. But only in the afternoon, the entire wind direction changed, and the general callback began. In the 30 minutes from 19:20 to 19:50, according to the contract market statistics report, the contract market in the last 30 minutes has a total of 42.87 million US dollars in liquidation, of which BTC liquidation is 29.7 million USD, and ETH liquidation is 5.19 million USD .
I bought BSV at 170 before, and it reached 300 US dollars in the morning. I think the time for BSV to take off has really come, and the overall market is good. After BSV fell back to 280, I bought it with leverage. BSV. Looking at it now, I am still too optimistic. The market is often unexpected, and the skyrocketing and plummeting is the basic attribute of the currency circle.
Now that BSV has fallen below 240 US dollars, I am really a little shaken. Should I hold it or throw it away? Throwing it away now means that there is no loss, but the waiting for this period of time is in vain. But don't throw it away, no one knows what the next market will be like. We still need to be more cautious in choosing leverage. We still need to be in awe of the market, and we must have the mental preparation and ability to bear losses.
Why is it obviously a bull market, but we just can't make money?
In fact, just like today, the BSV I am ambush has risen, and I am making money. Even if it is a pullback, I still have close to 50% of the profit. But I added leverage after the rise, and I didn't make this money.
The direct reason is that I increased leverage to buy at high prices. But in the final analysis, we are in a bull market, and the expectation of earning income has increased. We have seen more scenes of sudden wealth. People in our community are discussing how much they have earned, who bought a car today, and who bought a house tomorrow. . In such an atmosphere, the income we want will inevitably become very high, so in the bull market, many people who have never played leverage and contracts have also opened contracts and increased leverage one after another, but the currency circle is indeed anti-human Yes, the 80/20 rule will always exist, and it will always be a small group of people who make money.
Although Mr. Buffett does not like to see the currency circle, his investment philosophy is still worth learning. "I am fearful when others are greedy, and I am greedy when I am fearful." We all know that we are going to make money, so we should not rush into it, and we must maintain a vigilant heart at all times.
In the past two days, People's Daily Online published an article titled "Bitcoin is a high-risk asset and young people are not encouraged to increase leverage to speculate in coins". With the skyrocketing of Bitcoin, more investors are paying attention to this field. After all, Bitcoin’s performance this year is indeed very good, outperforming all traditional investment targets including gold, real estate, and stocks. Bitcoin has broken through 20,000 After the US dollar, it continued to explode, reaching 30,000 US dollars in 17 days, and breaking through 40,000 US dollars in 5 days. This performance is indeed worthy of all investors' participation. However, joining hastily is bound to be risky. The currency circle is different from the stock market. This is a 24-hour transaction, and sharp rises and falls are the norm in the currency circle. Investors outside the circle rush in and use leveraged contracts in the stock market to operate. There are bound to be great risks, and the currency circle has always had a tradition of exploding contracts.
Bull markets often require us to be more cautious and stay sober. Excessive greed is very dangerous.
