The bull market has just begun, why do some people say it is over? A short-term pullback is for a better rise. If there is no pullback, it will be detrimental to the rise.
Bitcoin's pullback last night, in this wave of pullback, meme performance is still eye-catching, and the copycats suffered. Many have returned to the starting point. After the meme market ends, funds will rotate to a wave of value copycats, but the amplitude is limited. Everyone chooses the right target!
Meme is not suitable for long cycles. Unless it is listed on binance with a strong narrative, it is better not to fall in love and be a scumbag trader!
Bitcoin is retreating at the 4-hour level, and the support below is around 86,000. For the market, there is no need to panic. If this position is not broken, the bull market is still safe!
After Bitcoin stood at 93,000 US dollars, it ushered in a wave of rapid decline, and the price fell back to 87,000 US dollars. Will this be the peak of 2024? This question should be of concern to many people. Identifying the top is a very cautious matter. According to our past experience, we need to conduct a comprehensive analysis from five aspects: technical, financial, news, fundamental, and policy. Any single technical aspect to identify the bottom and top is relatively less accurate. Of course, unless you have really top-notch technology, there is no problem. The current currency circle has integrated global capital, and its complexity exceeds any financial market, so I personally think that using a comprehensive analysis of 5 aspects will greatly increase the winning rate. Although it is difficult, as long as it can help us make money, we must overcome these. After all, no one can get along with money. Of course, Learning is a difficult thing. It corresponds to human nature. Just like speculating in cryptocurrencies, you may make money for a while, but it does not mean that you can always make money in the future. The same is true for learning. If you work hard this month and fail to make progress, it does not mean that you do not need to make progress in the same issues in the future.
Making money is a complicated thing. No one can do it easily.
This is why many people found that they did not make money if they held the currency.
The development order of the market has changed. Bitcoin is no longer such a simple digital currency. Therefore, everything is different.
However, one thing will not change, that is: gold will always shine.
Only by improving the ability to find gold can you make money in the currency circle for a long time and stably.
Dogecoin may really surpass Ethereum. Become the next trillion-dollar market value
Since Ethereum became the second largest cryptocurrency, all other Layer 1 chains have a unified goal: to defeat Ethereum
EOS ADA LTC SOL AVAX, etc., have never done it without exception
In terms of market value alone, VC projects will almost never be able to surpass it
However, Meme coins are not necessarily the same. There is no ceiling for MEME to expand
The legendary meme on the Ethereum chain may really be able to surpass Ethereum
First look at the current market value, ETH 380 billion, DOGE 58 billion, the gap of 6.5 times is not big, and Ethereum has been weakening in this round of bull market. It is difficult to generate new narratives except for upgrading. And Matt, the king-level combination on the DOGE list, has a bright future
Straight to the point:
1: Trump fulfilled his promise to set up a DOGE department for Musk. The name of the department was deliberately spelled out for Doge, and the department is led by Musk. In the future, more media and people will pay attention to this government efficiency department. The out-of-circle effect is direct and the influence will become greater and greater.
2: In the crypto market, the status of MEME coin is second only to BTC. The crypto market is a super capital market, which is completely driven by funds and consensus. VC coins have long broken this important foundation, and meme is completely in line with it. The originator of meme, DOGE, is naturally the best choice besides BTC.
3: ETF expectations, whether in terms of popularity or influence, Doge is the most suitable target for the next ETF to be passed. Once passed, Doge's financial status is no worse than ETH. The subsequent potential can be imagined. Doge will become a better choice for super funds. The investment interest of funds in meme must be far greater than that of ETH.
Dogecoin is the originator of meme, obtained through POW mining. Because it has no narrative, it is a meme. It is the most novel existence in that era, and Musk continues to call for orders, so it can be the leader of memes.
Shib, as a product of the same cycle as doge, has its own doge imitation attribute, and is also a dog, so it occupies the second position of meme dragon
Floki is Musk's dog, and the narrative is understandable to everyone without saying much
Goat, as the first meme that AI agent recognizes itself, occupies the narrative of meme+ai, which is groundbreaking
Neiro is the second dog of doge's owner, and also has an easy-to-understand narrative
PEPE, as the leader of memes last year, is itself a widely spread emoticon package, which conforms to the principle of attention economy and is regarded as a new narrative among so many memes
BRETT is the work of PEPE artist. Because it is blue, it was born on the Base chain with blue as the main color. It was pushed to the leader under strong control. I use the word "born" because BRETT's narrative is the weakest
WIF, POPCAT is the leading meme of the star chain solana this year. One cat and one dog, they are cute. But in my opinion, the attention of the attention economy is not native, so it was difficult for me to get the point of these two memes at the beginning, so I missed the whole process.
NOT is the garbage of vc products, vc coins in the skin of memes
Finally, pnut, which was born only two weeks ago, is the first meme with its own independent narrative and historical significance. First of all, pnut's attention is native, similar to moodeng and pepe. It is the attention that comes first, and then the coin. Secondly, he was highly supported by the Republican Party two days before the US election, attracting the attention of the world. In the end, the Republican Party won the election. Musk affirmed the influence of pnut on the election today, so it has historical significance. Secondly, it is the first animal coin to be listed on Binance spot except cats and dogs, and it is the current meme leader of pumpfun. It meets all the factors of a high-quality meme. The most important thing is that this narrative is the simplest, easy to understand, and convincing.
It's really going to kill you: With a layoff rate of 77%, Musk wants to dismantle the U.S. federal government. He will also ruthlessly lay off the White House. There are 428 federal departments and bureaus in total. On the surface, it is more bloated than the State Council of China. This is something I couldn't imagine before, because Musk said that the public doesn't know about many departments. Since the public doesn't know, who does this department serve? If such an institution is not laid off, will it be kept for the New Year?
DOGE was only established today, but Musk had a mature reform plan a month ago. Elon Musk explained the importance of creating a government efficiency department:
At present, the entire market revolves around $BTC and various memes. Mainly $pnut squirrel series, $doge Musk series, AI series, etc. This wave of meme narratives has been accompanied by the rise of $doge, and the ceiling has been completely opened, so everyone should have imagination and can still be a little more creative. As for when the meme market will end, one reference is that major public chains or institutional VCs come out to make memes. At this time, the market will basically end. There are still many Institutions are looking for entry points to enter the meme market When they come in, they should consider converting most of the meme funds to the mainstream For example, $btc, $bnb, etc., this round of $bnb has not risen at all, but the platform transaction volume on binance has skyrocketed, so there is still a lot of room. This round of $BTC has been purchased by overseas institutions and central banks, so everyone sees that it is late to rise. Binance has not yet wiped out the premium of cb, which is enough to prove one thing, that is, the big trend has come.
The key words to play meme well are: narrative, hot spots, community, OG, project mechanism
🌱Locate information sources, refine and optimize
If you want to make more money and less money, just play like this:
First of all, we need to understand what are the current hot narratives and hot coins.
First, pay attention to the OGs who specialize in MEME in overseas and Chinese regions, make a list, and prioritize them.
Don't be lazy at this time, diligence can make you rich
🌱Distinguish narratives and capture market hot coins
Hot coins are also prioritized:
Like Neiro, GOAT, #BAN, LUCE, #PNUT, ACT, etc., these are the hot coins that everyone knows.
They all have one thing in common, that is, the concept is new, the main feature is the first, the narrative is sufficient, and the expectations are huge!
Last night, the United States released October CPI data: The annual CPI rate was 2.6%, higher than the previous value of 2.4%, in line with market expectations; The seasonally adjusted CPI monthly rate was 0.2%, in line with expectations and the previous value of 0.2%; The core CPI annual rate was 3.3%, in line with expectations and the previous value of 3.3%; The core CPI monthly rate was 0.3%, in line with expectations and the previous value of 0.3%.
Overall, the CPI was in line with expectations, easing market concerns that the Fed's pace of interest rate cuts will slow down. Fed Kashkari said that the overall data of the CPI report confirmed our current trend, and no obvious inflation risk has been seen yet; the greater risk is that the economy may stagnate.
So the market has made a big bet on the Fed's December rate cut. According to CME's "Fed Watch", the probability of the Fed cutting interest rates by 25 basis points in December has risen from 62.1% to 82.8%, and the probability of maintaining unchanged has fallen from 37.9% to 17.2%.
However, there is still more than a month away from the December interest rate meeting. The November employment report to be released on December 6 and the November CPI data to be released on December 11 will have an important impact on the December interest rate decision.
$pnut has a market value of 2.3 billion US dollars, it's too strong, it has broken through 2u , how much can it rise?
In my memory, in the meme listed on Binance, neiro is the younger brother, wif can only carry shoes, pnut is more powerful than pepe, and even more powerful than shib
The last one with this feeling was really dogecoin
People who are late to the party are beginning to realize that this great narrative has been upgraded, maybe it's just the beginning?
This meme super cycle needs a big miracle to match the Doge Shib of the last bull market. Will it be a squirrel? 🐿️
Analysis of the potential of mainstream meme coins such as $doge
1. Musk and Trump Believe in destiny and hold on to your own category.
$doge will be stronger this round than the last round! The second strongest coin after BTC, I will not elaborate, no need to elaborate, those who understand dare to add 1 million US dollars at 0.26, those who don’t understand don’t need to argue about anything, the first target is 1 US dollar.
$pnut will be very strong after the wash. It should promote the corresponding animal protection legislation. Trump and Musk have both forwarded it, and the key events of the election will receive traffic. Moreover, the past will become eternal, and the best things will continue to spread. The upper limit is very high.
Using Musk's first principles to look at DOGE, why do we have to hold it all the time? Return to the essence First of all, the certainty 1. Musk and Trump's close relationship has become stronger, and Trump has made it clear that he will set up a DOGE department. 2. American retail investors have pushed CB to the financial app download volume. The second is certain, and the increment exists. 3. The name of Musk's DOGE department is a name specially spelled out for DOGE, and it is 100% dominated by the richest man Musk. 4. In the crypto bull market, DOGE's market value is very suitable for countless large investors with hundreds of millions of funds to buy a single transaction. From the perspective of capacity and explosive power, it is currently the strongest and most suitable coin.
Secondly, look at expectations. 1. From the perspective of popularity and influence, DOGE is the most suitable for the next ETF goal. 2. The people and media across the United States and the world will be staring at the changes and achievements of the DOGE department at that time. DOGE's influence can radiate to everyone in the world and continue to swipe the screen. This is likely to be more than 10 times the current exposure, that is, the market value is likely to expand dozens of times. 3. Now is the meme bull market, doge is the origin of meme, once it becomes an ETF, institutional investors and retail investors of traditional funds will definitely be more interested in doge than eth. According to the daily purchase amount of eth by BlackRock, the purchase amount of doge is expected to exceed eth, and the price has the opportunity to exceed eth's 400 billion. The price of eth is obviously too high compared to doge, and doge is too low.
In summary, is 10 US dollars for doge expensive? Agree or not?
Most people will be left with nothing at the end of the bull market.
(Here are ways to prevent this)
1. Don't expect a pullback too much: think that the current price has risen to a high point,
Choose to wait and see until you miss the opportunity of more than 10x.
2. Don't know how to stop profit, and the unsold income is not considered profit,
especially if the profit is invested in high-risk coins, it is not considered profit, and the profit is converted into mainstream coins or stable coins.
3. Don't know how to stop loss, those coins that are always in a downward trend and have no upward force should choose to stop loss, because he will make you miss the entire bull market.
4. Don't pay attention to hype and emotions. The main driving force of the bull market is speculation. It is more important to find projects that can attract attention and are easy for retail investors to understand.
5. Too conservative, a little negative news will trigger bear market PTSD.
6. Changing positions too frequently, those strong rising coins will dominate the entire bull market cycle, such as MEME and AI.
7. Don't try to predict the top, which means you are fighting against your own greed.
8. The market is always cyclical. Don’t think that this time will be different, and don’t simply assume that the opportunities in the next cycle will be smaller. The opportunities in each cycle are different.
Remember: Most people lose money in a bull market.
Compared to a bear market, I suggest everyone spend time with family and work well. Now my advice is to watch more Zen movies and documentaries to help you stay calm. 1. Why do more people lose money in a bull market? I hear people say that everyone makes money in a bull market. Nonsense, the vast majority of people die in a bear market; those who speculate in now and make a few points will definitely lose it all back, just wait and see. The reason more people lose money is due to being influenced by market emotions; people easily drift and ultimately perish due to emotions. Furthermore, various professional scammers flood into the cryptocurrency world to commit fraud, leading to losses. Some analyze various data and predict bull and bear markets, ultimately tricking you into buying coins they just released this morning....
2. How long will the bull market last?
There are always newbies who ask such foolish questions; no one in the world can predict market trends. Investing is not about making predictions but planning; what you should do is decide when to exit, not act foolishly.
Let me emphasize again: Those who claim to predict bull and bear markets online by analyzing various on-chain data are scammers.
3. Is it too late to enter the market now?
It's not too late. There will be a pullback; you can still get in now, while regulation has not yet arrived. Of course, if you don’t get in now, the cryptocurrency world will have nothing to do with you.
4. When do we sell? I never do things like carving boats to seek swords; everything is based on the market. When the signal comes, the system will share the exit strategy. Just wait for the notification.
5. Don’t chase highs, don’t switch stocks, don’t do contracts, don’t get off the ride. Recently, many people got off Doge and BTC; damn, it made me so mad... We agreed to get off together, yet someone sneaked off alone; see? Regret it now?
Also, don’t switch stocks. Many people see which coin is rising and want to switch to that coin; such disloyal behavior is highly condemned by us. If this continues, you will definitely not make big money. Seeing such aggressive rises, some people start to have bad thoughts and get into contracts... looking for trouble? Hasn’t it been just a few years since May 19? Have you forgotten?
I won’t talk about chasing highs and selling lows... I believe those who read my articles won’t do such foolish things, right?
Today's market performance can be viewed from the following aspects: 1. The rise of the old ecosystem led by DOGE: Today's market undoubtedly saw the traditional meme coins, spearheaded by DOGE, driving the momentum. The popularity of traditional meme coins like SHIB, BONK, and PEPE has also continued to heat up alongside DOGE's rise, with strong market reactions and trading volumes surpassing many mid-ecosystem projects. 2. Emerging ecosystems making their presence felt: Apart from traditional meme coins, the performance of some secondary and new ecosystem coins is also noteworthy, with astonishing growth and continuously increasing trading volumes, even surpassing some mid-ecosystem coins, demonstrating the market's strong interest in emerging coins. 3. Competition between AI and meme ecosystems: Although AI-related tokens and ecosystems have shown some performance to a certain extent, projects like Luce have also achieved significant success, and the potential of these meme coins cannot be ignored. The market's focus remains on SOL and meme coins, while AI-related coins may also be influenced by external factors such as Nvidia's earnings report behind today's launches. 4. Embracing and responding to market trends: The current development trend of the market indicates that meme coins remain mainstream, while the AI concept, although showing some performance, has not triggered greater gains like meme coins. In this context, if investors want to keep up with market trends, they should actively embrace the trend of meme coins instead of getting overly hung up on market capitalization. Given the current market situation, the total market capitalization of meme coins has reached 123 billion, which may seem lower than DOGE's market cap, but in reality, this price is not considered expensive.
I don't know how much those who chase trends and play with low-quality coins have lost, but those who hoard coins, from what I've heard, are all winning big.
As Wang Chuan said, investing is "90% of the time a hidden dragon, 10% of the time a flying dragon in the sky." Rather than saying that investing is the realization of understanding, it is more accurate to say that it is the cashing out of patience.
Those with problems in their thinking, or those who have no understanding of the laws of development of things, lack patience. They wish they could buy today and see a huge surge tomorrow.
Yesterday, a friend told me he wanted to make 100 times his investment. I asked him if he could actually achieve 100 times. He was instantly speechless.
This is about mindset, this is about patience. I have seen countless people who didn't endure until the bull market. I've also seen countless people who sold everything as soon as the bull market just started. In the end, it's all about lacking patience or insufficient understanding of the market.
All their understanding comes from the big players; they never think for themselves. Sometimes communicating with them is truly exhausting. Perhaps once this bull market is over, I won't write anything anymore. It's tiring, but we'll see when the time comes.
Of course, during a bear market, no one listens to these words, and during a bull market, these words are also useless.
They are always accustomed to getting tangled up in many simple, ordinary, and obvious problems but are unwilling to spend some patience to study the underlying issues. No worries, let those who should lose money fall into a cycle of losses. The facts will prove this again and again.
Hoarders of coins win effortlessly, and they win big!
Bull Market Layout Ideas: 1: Most people can only earn money from trends, do not be too greedy. Greedy actions include: selling high and buying low (magnifying trend profits), frequent portfolio changes, buying many coins (not wanting to miss any track), going all in (afraid of missing the chance if it rises), not daring to buy the dip (afraid of being buried) 2: Maintain stable income, always have money to buy the dip (salary, funding fees, mining, simple coin earning, etc.); 3: Be patient, patiently wait for the golden opportunity to buy the dip, patiently wait to exit at the top of the bull market; 4: Choose coins that can truly be accepted by large funds, obscure coins are destined to not go far. ETH has not yet broken the historical high of the previous round, indicating that altcoin trends are still in the early stages. In the previous two bull markets, the altcoin season lasted for 5-6 months, and this round of altcoin season has just begun, leaving ample time for performance. If your coin is not rising, there is no need to be too anxious. Focus on earning money and living well; you will not miss anything. #BTC
In this round, it is not the dealer who wants to cut you like leeks, but it genuinely belongs to the distribution of benefits, though not many can take it. Because when there is a crazy rise, everyone is afraid of heights. They do not dare to enter, miss out, and the spot prices are generally at high levels, but as soon as they exit, there is another new high. Therefore, we need to discard our previous operational mindset and immerse ourselves in bull market operations. Dare to think, dare to act, dare to observe! These past few days have seen a rise of 5000, just imagine, for a whole week, how much could it reach? Is 100,000 a problem? There is no pressure at all. Therefore, during a bull market, one cannot short; one can only go long! I will give you several target points. The first step is to look at 89,000, the second step is to look at 93,000, the third step is to look at 98,000, the fourth step is to look at 103,000, and the fifth step is to look at 112,000. Now, it can be very clear that the bull market has started, lasting for 2-3 months. If you think the price is high now and dare not chase, today's price will become tomorrow's low point. These two weeks are the last window period; the current prices are extremely cheap. I clearly remember the last bull market: hesitation, doubt, and missing the best opportunity. This time, we must win! #牛回速归,晒晒你的持仓? #BTC
The rise has been too rapid, the market has gone crazy, it's too strong, with no pullbacks at all. Infinite issuance of U to pump up prices, all technical indicators have become invalid. Don't be overly reliant on technical analysis; popular posts are from friends holding short positions, using holding strategies to increase their win rates will be punished by one-sided market trends. Even if you get lucky this time, there will always be a time when you get liquidated. Once you're liquidated, you have nothing left. Your trading strategy is fundamentally flawed; the end result will always be liquidation. Only liquidation will change your trading habits. Short sellers and those missing the boat are very uncomfortable. Guessing the top in the early stages of a bull market is truly meaningless, just like trying to catch the bottom in a bull market; you'll end up selling halfway up.
First: The 'Trump Effect', winning the election is just the first step, taking office is the second step, and real-time cryptocurrency policies are the third step, with each step continuously fermenting. Second: A 50 basis point rate cut in September, a 25 basis point cut in November, and even if there is no rate cut in December, there will still be opportunities for rate cuts in 2025. Third: Crazy buying by institutions, the influx of spot ETFs, led by BlackRock, which is optimistic about the large A-share market. Fourth: Favorable policies, regulatory easing, and Trump being the best supporter for passing the Bitcoin bill, with CCTV reporting Bitcoin hitting new highs. Fifth: Changes in the financial environment, especially after Trump's election victory, everything underwent a qualitative change. Sixth: Market sentiment is high, and retail investors are madly following institutions to buy.