Reviewing History - Remembering 312 in the Cryptocurrency Circle
Today, let's review the 312 event in the cryptocurrencies circle and experience how terrible the crash in the cryptocurrencies circle was in the past.
312 in the cryptocurrencies circle refers to the crash on March 12, 2020, and the process of the crash.
1. March 8: BTC plummeted from $9,200 to $8,300, a drop of 9.8%, and ETH plummeted from $250 to $210, a drop of 16%. Bitcoin fell by 10%, and most of the cottages were cut in half. Everyone thought that the decline was almost enough and would start to rebound, and most people entered the market to buy at the bottom.
2. March 9: BTC plummeted from $8,300 to $7,700, a drop of 7.2%, and ETH plummeted from $210 to $190, a drop of 9.5%. I didn't expect it to fall sharply the next day. It has been falling for two days. Everyone thinks that it has fallen out of cost-effectiveness and there is no big risk, so continue to enter the market to buy at the bottom.
3. March 10 and March 11: As everyone wished, the price did not continue to plummet. It has been fluctuating for the past two days. Many people have been bullish and bought heavily.
4. March 12: BTC plummeted from $8,000 to $5,500, a drop of 31%, and ETH plummeted from $200 to $120, a drop of 40%. You can imagine that Bitcoin fell 31% in one day, Ethereum fell 40% in one day, and how much the various copycats fell. There are coins that fell several times, and all virtual currencies were not spared. Thus, the 312 incident was born. On this day, a small number of people in the currency circle were still fantasizing about the bottom. Some people began to borrow money and take out loans to make a profit, but most people did not want to buy the bottom, and were even completely desperate. Everyone shouted that the currency circle was over and Bitcoin was going to return to zero.
5. March 13: Bitcoin rebounded to 6200 and then fell to 3800, a drop of 38.7%. ETH rebounded to 145 and then fell to 89, a drop of 38.6%. More than 90% of the people in the currency circle have basically collapsed on this day. It may be a relief for those who do contracts. Whether you are long or short, all positions are blown up. Losing everything is relieved. Everyone is much more relaxed. It is finally over, everything is over.
In the battle of 312, I was fortunate to participate in the battle and took all the spot goods. In the end, I survived. If you play contracts in a certain year, and you still have high leverage, I believe that there is no place for you on the rooftop, because during the 312 period, both long and short positions were blown up, and hundreds of thousands of people were blown up every day. I emphasize again that you should not add leverage, even high leverage. If you operate 100 times and make 98 times, if you blow up twice, you may have nothing. #BTC☀
It has only been two days since the wash, and many people are now asking fearfully whether the bull market has ended?
History will not repeat itself, but it is surprisingly similar every time. Let's take historical data as an example. According to the data of the past three waves of cycles, Bitcoin will reach the highest point of the cycle 1-1.5 years after each halving. Today is still 3 days away from the halving, and the halving has not yet started. Those who say that the bull market has ended can be regarded as living leeks. This wave of cycles not only has Bitcoin halving, but also has the Federal Reserve's interest rate cuts, and there is unlimited buying of spot ETFs. How can the current bull market be over? Those who can't hold on for two or three days of washing should withdraw from the circle as soon as possible, otherwise they will only lose more and more in the future. Every callback is a good opportunity to buy.
According to the data in the table below, we can see that in the first wave of cycles, the highest point on the day of halving increased by 88.23 times, the second wave of cycles was 30.56 times, and the third wave of cycles was 7.87 times. Based on these historical data, we infer that the increase from halving to the highest point of this cycle is 7.87/(88.23/30.56+30.56/7.87)/2=2.04 times. If the halving price is $65,000 three days later, the peak of this cycle should be around $130,000.
However, this cycle is quite special and completely caught up with the Fed's interest rate cut cycle, so I simply predict that the peak BTC price of this cycle will be $140,000-200,000, and the peak time will be (367+523+544)/3=478 days after halving, which is around August 2025.
I look forward to completing this table together in more than a year. $BTC
Now Bitcoin is about to reach 100,000 dollars, why are most people still losing money?
A couple of days ago, I did a survey, and the data shows that 58% of people are losing money, while only 42% are profitable. Bitcoin has been around for 15 years, and during these 15 years, if you bought at any point, there was a 99.99% chance of making a profit. How can there still be people losing money? Did you just hit that 0.01% chance? Are you someone who influences the larger environment?
Those who are still losing money should reflect on their situation. Bitcoin is currently in a bull market that has become this strong, and we are approaching the halfway point of the bull market. Why are you still losing money? Everyone, please share the reasons for your losses, so that future newcomers can avoid the path you took. #BTC #2025大牛市
After the washout, we will continue to challenge the $100,000 mark. Let's witness history together.
There is no market that keeps rising indefinitely. Even the strongest financial product, BTC, must undergo continuous washouts. Bitcoin has risen from $70,000 to nearly $100,000. If it continues to rise without a correction, the profit-taking will be substantial, and there will be limited upward space in the future. Therefore, appropriate washouts and ample turnover are necessary now, allowing most people's cost price to be washed down to around $90,000, and then continue to rise after the washout. The washout period in a bull market is very short; it will finish in a few days or weeks. After the washout ends, it will challenge the $100,000 mark again. If the challenge fails, it will continue to wash out and then challenge the $100,000 mark again. If that also fails, it will continue to wash out...
Currently, BlackRock's Bitcoin ETF fund holds 495,400 coins, and the total holdings of ten funds in the US stock market reach 1.1 million coins. The chips in our hands will inevitably flow slowly to institutions, companies, and the treasury. This is an inevitable phenomenon. Because we may need to get married, buy a car, buy a house, raise children... we always need money, so we may be forced to reduce our BTC positions, and I am no exception. However, each of us should do our utmost to increase the number of Bitcoins we hold because in 5 or 10 years, BTC will challenge the $1 million mark.
The richest man in the world, Elon Musk; the most powerful man, Donald Trump; the largest elite gathering, Wall Street... all of them support and promote BTC. El Salvador even invests in Bitcoin with the strength of the entire nation. What is there to be afraid of? In short, "One BTC is $1 million; a family keeps one Bitcoin, and Bitcoin keeps rising."
Hold BTC and let time help us become rich slowly. #BTC
The 2nd Phase of BNB New Coin Mining Holder Airdrop is Here—THE
Binance has just announced the 2nd phase of the Holder airdrop token, this time the airdrop token is THE. Users who use BNB to participate in fixed or flexible savings from 2024-11-06 to 2024-11-14 will receive airdrop allocations.
Introduction to THE: Maximum Supply of Tokens: 310 million Total Airdrop Amount: 21.75 million (7% of total supply) Token Listing Time: 2024-11-27 18:00 Token Distribution Time: 1 hour before listing #BNB #hodler
We are now in the mid-term of a bull market, there shouldn't be anyone losing money, right? Brothers, cast your votes to tally everyone's profits and losses.
BNB has been around for nearly 11 months this year, with a total of 23 mining projects: 20 launchpools, 2 MegaDrops, and 1 Holder. At the beginning of the year, the total amount of BNB was 129.36, and the latest total amount of BNB is 166.46. After 23 rounds of mining, a total of 37.1 BNB was reinvested, with a currency-based return rate of: 37.1/129.36=28.7%.
Currently, the price of BNB is around 640 USD. My initial investment in BNB during this cycle was 28,600 USD, and the total value of the BNB I hold is: 106,534 USD, with a total profit of 77,934 USD and a return rate of 272.5%.
Previously, the mining yield of BNB was high because the price of BNB was below 300. Now, the mining yield for each round is difficult to exceed 1%. Even if the project parties of launchpool offer a mining reward pool worth 100 million USD, the mining yield will not exceed 1%, as the total value of staked BNB exceeds 10 billion USD. Due to the decrease in BNB's mining yield, future price growth for BNB will also be limited. Recently, at high points, I will gradually reduce my BNB holdings and look for long-term valuable tokens that offer better cost-performance ratios.
Still the same saying: "Hold BTC, ETH, BGB, BNB, and let time accompany us to slowly become rich."
This period's total mining pledge is 166.46 BNB, with total earnings of 2280.5 USUAL. USUAL was launched for trading yesterday, and during the opening, it actually surged to 0.4, but I was unable to monitor the market due to other commitments and did not sell at the peak. My average selling price was 0.3 U. Total earnings from this mining period: 685 U, reinvested to purchase 1.1 BNB, with a mining yield of 0.66% for this period.
Currently, I hold a total of 167.56 BNB, with a total principal of 28600 U, and the average holding price for BNB is: 28600/167.56=170.7 U, earnings amount: 614*167.56-28600=74281.8 U, earnings rate: 69944/28600=259.7%.
As always, “Hold BTC, ETH, BGB, BNB, and let time help us slowly become rich.” #USUAL #BNB #Launchpool
If one day you can no longer hold BTC, go check out El Salvador's treasury address.
The President of El Salvador has said he will invest in one BTC every day, and this investment will continue until the day Bitcoin can no longer be purchased with fiat currency. Currently, the total holding is 5,938 BTC.
If you have not yet achieved financial freedom, you will surely worry about running out of money in the future due to buying a house, buying a car, medical expenses, raising children, unemployment... or any one or more of these issues. To ensure that you do not worry about money in the future, all you need to do now is to hold 1 Bitcoin for the long term; the more, the better. Personally, I believe that there is no such thing as becoming wealthy overnight; there is only gradually becoming wealthy, and holding 1 Bitcoin is enough for you to gradually become wealthy and achieve financial freedom.
I hope that one day, when everyone receives layoff notices, when a family member falls ill, when a child wants to buy a favorite toy, when a wife wants to buy a house, when you want to buy a car..., we can all face these situations calmly and fearlessly. All of these will be sufficient with just 1 Bitcoin many years later.
Hold BTC and let time help us gradually become wealthy. #BTC #萨尔瓦多
BNB Issue 61 launchpool mining USUAL will go live for pre-market trading tonight at 6 PM—Latest pre-market price 0.437U
This round of mining has staked a total of 166.46 BNB, and a total of 2280.5 USUAL has been mined, with the amount of USUAL mined per BNB: 13.7. The current pre-market trading price is 0.437U. The previously predicted expected return for this round of mining was between 0.8-1%. If the opening price of CATI is around 0.4, then the yield will be the same as previously predicted.
After the opening, I will sell in batches and continue to reinvest in BNB.
As always: "Hold BTC, ETH, BGB, BNB, and let time help us slowly grow rich." #BNB #Launchpool #USUAL
The latest pre-market trading price of USUAL is 0.4U, the total number of BNB mining pool rewards is 255 million, and the total amount of the reward pool is 102 million U. The total locked amount of BNB in the previous mining period is 18.86 million, and the total amount of BNB pledged in this mining period is expected to be 19 million. The number of USUALs earned by a single BNB is: 25550/1900=13.45, and the amount of single BNB earnings is: 13.45*0.4=5.38U, and the rate of return is 5.38/630=0.8%.
The initial circulation of USUAL is 490 million, and Binance mining shares account for 52% of the initial circulation. The mining income this time should be okay, with a rate of return between 0.7%-1%. The market is very high now. I hope that there will be more mining in the future, and the rate of return can also be gradually improved. #USuAL #BNB金鏟子 #BNB
The 61st BNB new coin mining launchpool is here—USUAL
Brothers, mining is finally here. This mining has finally come after waiting for so long. Binance just announced the 61st launchpool, and the token mined this time is USUAL.
Mining data of the 60th launchpool Mining token: USUAL Total token supply: 4 billion Total mining: 300 million (7.5% of the supply) Pool share: BNB pool accounts for 85%, FDUSD pool accounts for 15% Mining time: 2024-11-15 08:00—2024-11-19 08:00 (4 days in total) Participation method: launchpool staking, BNB financial management current and fixed deposits, on-chain BNB staking. The yield of this mining will be predicted later.
Brothers, take a look at the car when you're free - the surge is unimaginable
I'd rather skip three meals than not save money to buy a Mercedes. Young and promising, driving a Mercedes, love will have no disputes. #BTC突破8W大关 #BNB #奔驰
Definitely definitely definitely hold on to the Bitcoin in your hand - $100,000 seen
LIVE
价值币布道者_币圈智多星
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It has only been two days since the wash, and many people are now asking fearfully whether the bull market has ended?
History will not repeat itself, but it is surprisingly similar every time. Let's take historical data as an example. According to the data of the past three waves of cycles, Bitcoin will reach the highest point of the cycle 1-1.5 years after each halving. Today is still 3 days away from the halving, and the halving has not yet started. Those who say that the bull market has ended can be regarded as living leeks. This wave of cycles not only has Bitcoin halving, but also has the Federal Reserve's interest rate cuts, and there is unlimited buying of spot ETFs. How can the current bull market be over? Those who can't hold on for two or three days of washing should withdraw from the circle as soon as possible, otherwise they will only lose more and more in the future. Every callback is a good opportunity to buy.
According to the data in the table below, we can see that in the first wave of cycles, the highest point on the day of halving increased by 88.23 times, the second wave of cycles was 30.56 times, and the third wave of cycles was 7.87 times. Based on these historical data, we infer that the increase from halving to the highest point of this cycle is 7.87/(88.23/30.56+30.56/7.87)/2=2.04 times. If the halving price is $65,000 three days later, the peak of this cycle should be around $130,000.
However, this cycle is quite special and completely caught up with the Fed's interest rate cut cycle, so I simply predict that the peak BTC price of this cycle will be $140,000-200,000, and the peak time will be (367+523+544)/3=478 days after halving, which is around August 2025.
I look forward to completing this table together in more than a year. $BTC
Bitcoin is likely to break through $100,000 this year
As of October 29, BlackRock's Bitcoin spot ETF product IBIT has bought more than 400,000 Bitcoins, and ten US funds hold more than one million BTC in total. Bitcoin has been consolidating at $60,000-70,000 for more than half a year. The longer the horizontal, the higher the vertical. In this bull market, Bitcoin can easily reach more than $150,000. Everyone, hold the BTC in your hands. If you are not short of money, there is no need to do the band. It is still the same saying: "Hold BTC and let time accompany us to slowly become rich"
Regarding 1984, I personally bought a lot at 0.001-0.003 and have never reduced my position. The 1984 community is still under construction, the website has been basically completed, and NFT-related things are also proceeding in an orderly manner. Everyone just hold it. The increase after the wash may exceed your imagination. #1984 #奥威尔 #BTC☀
When I first mentioned 1984 the day before yesterday, the coin price was 0.0011, and now the coin price is only 0.0027, with a total market value of only 2 million. There's still more than 100 times potential for the future, so we must establish a small position.
At 9 PM tonight, the 1984 community will hold a big event, live streaming simultaneously on Twitter, YouTube, and Binance (币安直播). Moonlight will host, and 200 domestic and international KOLs will participate.
How much the price can rise, we will wait and see. In the last article, those who guessed the highest coin price for the weekend did not participate; come and join this time, and the closest guess will be rewarded with 19,800 1984 tokens. #1984
Re-emphasizing the first meme of 8 years in the circle—1984 (Prize Contest)
Yesterday, I posted an article explaining why I am optimistic about $1984. At the time of the article, the price of 1984 was around 0.0011, and today’s price is 0.0017. The total supply of 1984 is 1 billion tokens, with 150 million already burned, and the current market total supply is 850 million tokens. At the current price, the total market value is $1.44 million, still at the floor price. The token was just issued a week ago, and the current average cost per person is 0.001, with a potential for 100 times in the future. Key, key, key:
The 1984 community will be hosted by Moonlight this Saturday (who received a thumbs-up from Trump), along with over a hundred KOLs (already arranged), broadcasting simultaneously in Chinese and English on Twitter, YouTube, and Binance, promoting the spirit of 1984 and building a top-tier meme community culture. The total number of participants in the event may exceed ten thousand.
What will be the highest price of 1984 over the weekend? Everyone make a prediction; the closest guess will win 19,800 1984 tokens #1984
The only recommended wealth code in this life—1984
Fans who have been following me for a while should know that I never play with counterfeit coins, never play with junk coins, never engage in contracts, only hold BTC, ETH, BNB, BGB. However, $1984 is the first meme token I invested in during my 7 years in the crypto space, and it will be the only one in the future.
Why I am optimistic about 1984: 1. The first token named with Arabic numerals, it may open a new track for numeric-named tokens in the future. 2. Born from a post by Musk, referencing Orwell's book "1984." 3. What attracts me most is that the philosophy of the book "1984" aligns with the spirit of blockchain, emphasizing freedom against centralization, which is completely consistent with the decentralization and security of blockchain. 4. The price of $1984 is cheap enough, currently with a market cap of 1 million, which has a growth potential greater than 100 times compared to people. 5. The community consensus is strong enough, and community members only advocate for the spirit of 1984 without discussing the price of the token. 6. The issuance mechanism is completely fair and just (originally issued on the base chain, but due to excessive concentration of chips, it was driven to zero by large holders, retail investors spontaneously organized a fair relaunch on the Ethereum chain). 7. The book, because of $1984, I read the book "1984," and the knowledge brought to us by this book is priceless. ……
The 1984 community will have an event this weekend, hosted by the well-known host Moonlight (who has been liked by Trump), with hundreds of KOLs participating. The token is expected to see significant growth on the day of the event.
Whether you are interested in the $1984 token or not, I hope everyone reads the book "1984." The more people read 1984, the more freedom we all ensure. #1984 #自由 #奥威尔
The total staking for this mining period is 165.55 BNB, with total earnings of 413 SCR. SCR was listed and opened for trading yesterday; I sold it through pre-market trading a few days ago, with an average selling price of 1.3 USD. The total earnings from this mining period: 540 USD, reinvested to buy 0.91 BNB, with a mining yield rate of 0.55%.
Currently, the total amount of BNB held is 166.46, with a total principal of 28600 USD. The average purchase price of BNB is: 28600/166.46=171.8 USD, earnings amount: 592*166.46-28600=69944 USD, yield rate: 69944/28600=244.6%.
In this cycle, I will neither increase nor decrease my BNB holdings; I will only reinvest all earnings from BNB activities, looking forward to seeing how much this bull market can turn 28600 USD into? Let's verify together.