After a sharp drop, many retail investors are suffering immensely, hoping to end this entanglement and torment. However, I must clearly tell you that if you expect a reversal in the market in the next couple of days, you might not be able to wait for it, or you may find yourself just lying flat and facing the harsh winds.
The United States is on holiday, and the stock market has been intermittently closed recently. After a hard year, the big players also want to take a break and let the retail investors in the U.S. reflect on their losses, go home, and continue borrowing money to fight another day next year.
In the past week, $2.5 billion has flowed out of Nasdaq tech stocks, and $650 million has similarly flowed out of BTC spot ETFs. Everyone needs to celebrate the New Year, everyone needs to spend money, and the recent liquidity is definitely weakening.
Some people these days might say a thousand curses; they went long yesterday and were tortured to the brink of death. Now, feeling it will continue, they reversed to short, and lo and behold, today BTC has climbed back to around 98,000, hanging in the air, with a loss of 1,000%. This big player is out to ruin us.
In fact, it can be said that in the crypto space, as long as you don't choose new coins or project coins, generally, doing spot trading won't go to zero. You can just buy BTC, ETH, BNB, SOL, BCH, LTC, TRX. As long as you don’t buy at the peak, usually whatever goes down will eventually come back up. Spot trading is indeed safe.
Prices go up and down every day; losses are normal. The market fluctuates, that's just how it is. If you can endure these fluctuations with a long-term perspective, you often reap good rewards.
There are cycles to the ups and downs; when there's a huge surge, you should sell, and when there's a crash, you should buy. The bull market is still here, so there's no need to worry. Even if you try to bottom out, it will be tough, and you need to hold for a while.
Every day is a drop, every day is a loss, with a full load of altcoins returning home in disgrace. Last year's Land Rover has been swapped for a second-hand Wuling. The village chief says you've gone to the wrong village, and your parents want you to kneel in the ancestral hall, telling you to stand and remain silent at the feast; the big fish and meat are placed farthest from you. An unfamiliar cousin-in-law gives you a piece of ginger, telling you to try to come to your cousin's house less often, saying your situation is worse than that of the single old Zhang next door.
