Can Sui ($SUI) and Aptos ($APT) continue their strong performance from last week?
Among altcoins, $SUI and $APT have posted two impressive gains in the past few days, both up at least 10% this week. Can these positive gains be sustained going forward? In September, $SUI price (SUI/USD) surged 170%, while other cryptocurrencies were trading much lower or relatively flat. After a brief corrective move, $SUI fell to the bottom of a wedge, and the price is up nearly 11% over the past week. The short-term price chart above shows an uptrend in September. If the price can maintain momentum, it has the potential to break above the top of the wedge, which would be extremely bullish.
Why are you always trapped by watching the market? In-depth analysis of the psychological motivations behind it:
Have you ever been troubled by the behavior of watching the market? Although you have set a stop loss point and warned yourself to stay away from the temptation of the market, you still can't help checking the market again and again, and even can't sleep at night because of it. This uncontrollable behavior of watching the market actually hides complex psychological motivations.
Huge capital investment makes life closely connected with market fluctuations. Once an investment loses money, it may mean that your life will change dramatically. This fear of loss makes you lack a sense of security. Especially when making high-risk investments, such as using high leverage, even a small fluctuation in the market may make you terrified and always in a state of tension.
The ups and downs of the market are like a psychological war without gunpowder. The market in the adjustment stage is more likely to cause emotional fluctuations, and anxiety, uneasiness and fear are always with you. These emotions sometimes drive you to stay up late to watch the market, and even impulsively double your investment after a loss, trying to recover the loss in one fell swoop. However, in this state of exhaustion and anxiety, your thinking may no longer be rational, and you may even have the crazy idea of "all-in", just hoping to get rid of this torment temporarily.
This is the psychological root of many people's inability to get rid of the trouble of watching the market - a crazy cycle of fear of loss, exhaustion and anxiety. Investment is not only a competition of funds, but also a psychological game.
To break this cycle, you need to learn to control your position and not let the investment amount exceed your psychological tolerance; make rational decisions, set a clear investment strategy for yourself, and stick to it; take a break at the right time, and leave the market in time when your emotions are unstable, and stay calm and rational.
Remember, investment is a marathon, not a sprint. I hope that on the road of investment, you will not only gain wealth growth, but also inner peace and tranquility.
Cryptocurrency Circle: Dream of getting rich or facing zero? Real Cases and Beginner's Guide
A friend of mine worked hard in a factory for half a month to accumulate funds and lived frugally. However, after get off work, he couldn't wait to recharge the hard-earned money to Binance, hoping to realize his dream of getting rich overnight through high-leverage contracts. However, he didn't know that he had quietly fallen into a well-designed trap. In the end, not only did he fail to achieve financial freedom, but he fell to the point of borrowing money from me to make a living.
For novices who are new to the cryptocurrency circle, I have a few heartfelt suggestions:
Many friends blindly pursue high leverage, 10 times, 20 times, or even 50 times, 100 times. However, once funds flow in, they often face the risk of liquidation overnight. Participants in high-leverage can be roughly divided into two categories: one is gamblers who are keen on small bets, they like to stud and pursue excitement; the other is novices who lack operating experience and do not know how to reasonably plan their positions, resulting in the end of contract transactions before they even start.
In contract trading, position management is crucial. It can maximize the benefits of funds and effectively avoid risks. So, how to manage positions scientifically?
Flexible use of funds is the key. For example, if you want to open a position of 10000U, you can choose 1000U-10 times or 500U-20 times. At the same time, setting a stop loss point is also very important, and it is recommended to control it between 1%-3%. Use 10% of the funds to gain 100% of the profit, even if the loss is within the controllable range. On the contrary, if you blindly pursue high leverage, such as 10000-10 times or 10000-20 times, once the market fluctuates, you will have no tolerance for error, and it is easy to lose the principal, and even lead to a distorted mentality.
Using high leverage for speculation, it is normal to blow up the position, and making money is accidental. Therefore, before using contract trading, please be sure to understand the basics, such as leverage multiples, funding rates, etc. If you don’t understand anything, once the position is blown up, you will only blame the tool itself. So, please be sure to plan your position reasonably and invest carefully.
Guide for Coin Circle Millionaires to Return Funds to China: Detailed Explanation of Legal Channels
In the field of digital currency, if you become a multi-millionaire through cryptocurrency speculation and hope to transfer this wealth back to a domestic bank account safely, then be careful. Direct transfers may attract the attention of regulators, be regarded as illegal income, and even face legal risks. However, don't worry, the following legal channels may help you.
Channel 1: Use BiyaPay Wallet
You can withdraw USDT (a stablecoin) to BiyaPay wallet. The wallet holds a legal license in the United States and supports the conversion of digital currencies into US dollars and withdrawals to banks such as Wise or OCBC. Although there will be certain fees in the process and you may lose money due to exchange rate fluctuations, your funds will remain legal and compliant. Through Wise, you can transfer US dollars back to your domestic Alipay, WeChat or Bank of China account, but you need to pay attention to the annual transfer limit. OCBC's 360 account is more convenient, allowing you to withdraw cash directly in China without being affected by the US$50,000 foreign exchange limit.
Way 2: With the help of Kraken Exchange and iFAST Bank
Another legal way is to withdraw USDT to iFAST's bank account in the UK through Kraken Exchange. Kraken also holds a legal license to ensure that your transactions are safe and compliant. Although handling fees and exchange rate losses are also inevitable, this is also an effective way to legally transfer digital currency wealth back to China.
Important Tips Although the above methods are legal and compliant, it is strongly recommended that you consult a professional legal advisor or financial advisor before actual operation. They can help you understand the compliance requirements of each step in detail and ensure that your funds return to China safely and legally. Remember, compliance operations are the key to protecting your wealth
The evolution of each bull market follows a familiar yet unpredictable trajectory: Initial exposure: At the beginning of the bull market, stock prices soared like a rocket, and investors' enthusiasm was instantly ignited. Some people even borrowed money to enter the market, dreaming of getting rich overnight.
National stock god: As the market continues to heat up, news reports emerge in an endless stream, and it seems that everyone can get a share of this wave of market, and risk awareness is gradually diluted in the carnival.
Flocking in: Investors flocked to the market, trading volume continued to rise, market sentiment reached a boiling point, and everyone confidently believed that they had grasped the key to wealth.
Pullback opportunities: Stock prices began to fluctuate, but pullbacks were seen as a good opportunity to buy. Investors firmly believed that the bull market would continue and did not want to miss any opportunity to make money.
Differentiation: The market gradually showed a trend of differentiation, some stocks began to weaken, and investors began to feel the complexity and uncertainty of the market.
Persistence and withdrawal: In the market fluctuations, some investors chose to take profits, while others held their ground and looked forward to the market taking off again.
Policy impact: With the adjustment of regulatory policies, market sentiment began to cool down, stock prices fluctuated more violently, and investors began to re-examine the direction of the market.
Panic spread: The outbreak of some negative news instantly ignited the panic in the market, stock prices plummeted, and investors were caught off guard.
Selling tide: Panic selling swept the market, investors withdrew one after another, and the confidence they once had became fragile under the blow of reality.
Deep adjustment: The market fell into a deep adjustment period, a large number of investors were trapped, and the dream of getting rich quickly became a heavy burden of reality.
Views: Experts and analysts began to express their opinions, the market views were seriously divided, and investors were more confused and confused.
Rational return: After a period of adjustment and shock, the market gradually returned to rationality, but many investors have paid a heavy price.
The end of the bull market: In the end, the bull market ended in a sigh and reflection, leaving behind profound lessons and new market opportunities, waiting for the arrival of the next round of bull market.
Only by staying calm and rational can we move forward steadily in the ever-changing market.
1️⃣ Flexible use of funds and opening positions in batches are the key! 💰 For example, if you plan to open a 10,000U position, you can divide it into small positions such as 1000U-10 times leverage or 500U-20 times leverage. In this way, you can ensure the flexibility of funds and reduce the probability of overall liquidation! 😊
2️⃣ Stop loss must be strictly enforced! 🔖 It is recommended to set a stop loss range of 1%-3%, and stop loss decisively even if there is a small loss. Don't imagine that the price will pull back to give you a chance to "get out of the trap". Don't forget: the market does not look at the mood of your account, but only at its own trend!
3️⃣ 10% of the funds are used to bet on 100% of the profits, instead of using 100% of the funds to bet on a wave of market conditions! 🔹 For example, you can use 1000U to test the waters instead of taking 10,000U to go all in at once. If the market goes the other way, you still have room to "turn around"! Otherwise, one failure will take you away, and there is no room for maneuver.
1. Funds have not flowed into the crypto market: Despite China's monetary easing and the US dollar's interest rate cuts, it stands to reason that more funds should flow into the market. But the reality is that this liquidity has not entered the crypto field in large quantities. Investors prefer traditional assets such as stocks and real estate rather than riskier crypto assets.
2. The pressure on project parties and institutions to unlock and cash out has increased: In previous cycles, ordinary investors had more opportunities to participate in high-quality projects early, such as through ICOs or launchpads. However, now many new projects are financed through private placements, and ordinary investors cannot participate. When these projects enter the public market, early venture investors have already received several times the return. When their tokens are unlocked, they often choose to sell and cash out, which brings continuous selling pressure to the market and depresses prices.
3. The altcoin market is too fragmented: Many new tokens have a high fully diluted valuation FDV, but the actual circulation is low. This means that the number of tokens circulating in the market is very small relative to the total supply. At the same time, the number of new tokens with high FDV is too high, further dispersing the liquidity of the altcoin market. As locked tokens are gradually unlocked and enter the market, there will be a continuous downward pressure on prices.
4. Lack of confidence among external investors: Market volatility and some previous negative events, such as the closure of the FTX exchange and the collapse of the Luna project, have led many external investors to wait and see the crypto market.
5. Lack of new market hotspots: In this cycle, we have not seen similar innovations that can attract the public's attention to drive market sentiment. ICO, DeFi, and NFT have all brought about a corresponding wave of copycats.
4. With the popularization of trams, the second-hand car market is getting harder and harder.
5. The nine-year compulsory education is no longer involutionary, and the way of graduating from university is becoming more and more strict, and involution is getting more and more serious.
6. There are state subsidies for giving birth to children and raising children, and the number of second and third children is increasing.
7. Medical treatment is getting cheaper and cheaper, and major diseases are fully reimbursed.
8. The gap in everyone's salary level is small, but they will compare which job is easier.
9. The government will lead the rural area to enter land aggregation, and farmers will use land as shares to establish companies.
10. Physical stores will enter the virtual store stage, and people can enter the store to select things through virtual stores, and they can try them on and try them out.
The most popular stocks recently are A-shares, Hong Kong stocks, and US stocks. With the implementation of the interest rate cut, CITIC Securities sent a dry word late at night, and it started what the old man who loved in late autumn said, rising to the point of dizziness. BTC ETH has been constantly testing the resistance level. Brother Xia said before that the money from the interest rate cut will first flow into the stock market, gold, etc., and then it will flow to the blockchain when it rises to basic saturation. The big cake began to pull wildly, pulling out an epic bull. Because of the historic low of this squat, the rise will also be a historic high. October will gradually get better, and the big market will come after the election on November 5.
ETH's support level is around 2470. The overall price of the two cakes is following the rhythm of the big cake. The price of the big cake rises and the two cakes rise synchronously. The overall trend is weak. Pay attention to the pressure level of 2530-2550.
Buffett's "Great Exit": The U.S. Banking Crisis and Economic Undercurrents
On the stage of the global economy, every movement is like the fluttering of a butterfly's wings, which may cause a huge storm. Recently, a series of abnormal conditions in American banks shocked the world, and Buffett, a legendary figure in the investment world, also made a remarkable move - a large-scale capital flight from the United States. What secrets and crises are hidden behind this? Let us explore it in depth.
A big event has happened internationally! The recent situation of Bank of America is shocking. Strictly speaking, Buffett's early "escape" is indeed due to something. During the National Day holiday, many depositors of Bank of America reported that their deposit accounts showed a zero balance, but strangely, their credit card accounts showed normal balances. This situation is really weird.
Buffett's "Great Exit": The U.S. Banking Crisis and Economic Undercurrents
On the stage of the global economy, every movement is like the fluttering of a butterfly's wings, which may cause a huge storm. Recently, a series of abnormal conditions in American banks shocked the world, and Buffett, a legendary figure in the investment world, also made a remarkable move - a large-scale capital flight from the United States. What secrets and crises are hidden behind this? Let us explore it in depth.
A big event has happened internationally! The recent situation of Bank of America is shocking. Strictly speaking, Buffett's early "escape" is indeed due to something. During the National Day holiday, many depositors of Bank of America reported that their deposit accounts showed a zero balance, but strangely, their credit card accounts showed normal balances. This situation is really weird.
L1 track---cryptocurrency leads the new era of blockchain revolution!
In the cryptocurrency world, the L1 track has always attracted much attention because it represents the underlying infrastructure of blockchain technology. The following is a detailed analysis of the four coins active on the L1 track: SUI, FTM, SEI, and NEAR:
1.ABOUT
Project background and vision: SUI is the native asset of the Sui blockchain. Sui is the first permissionless Layer 1 blockchain, aiming to allow creators and developers to build experiences that can satisfy 1 billion Web3 users. Its architecture is known for its instant settlement and high throughput, rich on-chain assets and excellent Web3 experience. Technical Features: The design of Sui blockchain focuses on achieving high-throughput transactions and low latency, with horizontally scalable throughput and storage, which can achieve higher DApp development at a lower cost.
Three potential currencies revealed: PEPE, WIF and TON, which one will lead the market trend?
In today's numerous cryptocurrency markets, there are several currencies that are receiving widespread attention and deserve investors' in-depth investment. Today, let’s talk about the three popular currencies, PEPE, WIF and TON.
PEPE: The speculative star of the meme currency world
As a popular meme coin, PEPE is known for its huge price fluctuations and is a high-risk, high-return investment type. Recently, the popularity of PEPE has picked up, partly due to the strong support of the community and the inflow of fresh funds. If you prefer currencies that are highly speculative and pursue short-term gains, PEPE may be a good choice, but please be aware of its high risk.
WIF: The future star of Web3
WIF is deeply involved in the Web3 field and is committed to building a decentralized Internet. It is an indispensable force in the future development of the Internet. With its strong technical strength and solid team background, WIF has gradually attracted the attention of the market. For investors who are patient and looking for mid- to long-term layout, WIF is undoubtedly an option worth paying attention to.
TON: A utility-driven ecological expander
TON not only has trading functions, but its ecosystem is also constantly expanding, attracting many DeFi and DApp projects to build on its platform. TON has a solid technical foundation, and with the continuous promotion of the team behind it, it is expected to achieve greater development in the future. At present, the price of TON is still within a reasonable range, providing investors with a good opportunity to attract funds.
To sum up, PEPE, WIF and TON each have their own merits and are suitable for investors of different styles. PEPE is suitable for speculators pursuing short-term gains, while WIF and TON are more focused on medium- and long-term layouts. If you feel confused in market transactions, follow us to get more valuable currency investments.
The state released 2.8 billion yuan to save the market: the deep linkage between the stock market and the economy and the people's response strategy
What does the 2.8 billion yuan economic stimulus plan recently launched by the state mean? This move aims to boost the stock market and the real estate market, and reflects multiple profound signals behind it.
On the economic level, the policy of releasing water is intended to activate market vitality and drive economic growth. What is particularly striking is that 500 billion yuan of the first batch of 800 billion yuan was clearly directed to the stock market, demonstrating the country's high attention and expectations for the development of the stock market. By establishing a stabilization fund, the country strives to create a bull market atmosphere, push up stock prices, benefit the middle class, and then leverage consumption to promote a virtuous cycle of the economy. With the increase in corporate profits, employment opportunities will expand, people's income will increase, and their willingness to consume will increase, jointly drawing a picture of economic prosperity.
However, the policy of releasing water is not entirely optimistic. Its potential risks cannot be ignored, the first of which is inflationary pressure. The flood of funds into the market may push up prices and weaken the purchasing power of money. At the same time, for depositors who have not been involved in the stock market and real estate, deposits face the risk of depreciation, and the hidden worry of wealth shrinkage emerges.
In this context, people need to plan their finances carefully and weigh investment strategies. Although the stock market and real estate market have become the focus, risk assessment is indispensable. Ordinary people also need to think about how to protect their assets in an inflationary environment and ensure steady growth of wealth.
Conclusion: The country's monetary relief has brought both opportunities and challenges. We need to continue to pay attention to its subsequent effects, make rational analysis, and make wise choices to cope with the complex and changing economic environment.
This round of market is going on in a way that we are not familiar with, or even weird. Since Wall Street entered the market, all the "thoughts" we used to think no longer exist.
The market can lose three weeks of gains in three days, or it can recover all the losses in one day. Whether traders believe it or not, the market continues to roll in a weird way.
Especially today, the outside world can no longer recharge the faith of confidential traders, and it is time to test their hearts.
If you don't achieve great things, it's fine. If you do achieve great things, you will face different setbacks. The more severe the setbacks are, the more you know you are going to achieve great things. Every setback only strengthens you, not weakens you. This is what we should learn. Many people become depressed, lose their minds, become discouraged, and don't want to do anything after they are frustrated. They become more courageous after every setback. Every blow to them strengthens their strength.
The latest non-farm payrolls report may make the Fed consider pausing rate cuts in November
Chilton Trust fixed income chief information officer Tim Horan said strong job creation confirms the Fed's approach and indicates that a soft landing is just around the corner. Tim Horan said that the higher-than-expected 254,000 new non-farm payrolls in September "allow the Fed to be absolutely pragmatic" and even consider pausing (rate cuts) in November "to digest the election results without worrying about falling behind the curve." With the job market performing fairly well, the Fed can calmly adjust monetary policy and understand how elected officials plan to handle government spending. Tim Horan said that although officials avoid commenting on fiscal policy, "the Fed has to worry about" the expanding national debt.
"The Logic of Fund Flow and Market Rise and Fall after the Fed's Rate Cut and the Prospects of Cryptocurrency"
With the gradual implementation of the Fed's rate cut policy, China has launched a large-scale rescue of the market, and global capital has begun to find the best balance between risk and return again. As an international financial center, Hong Kong has attracted a large influx of international funds. The rate cut has reduced the asset yield of the US market, prompting funds to flow to other markets with higher return potential in the world. In the early stage of the rate cut, funds will tend to flow to markets with higher short-term return expectations. The current market situation can be understood as a "fund battle" in the global market for liquidity. In this battle, those markets with higher return potential will first gain the favor of funds, while some markets with lower short-term return expectations may experience capital outflows in the short term. This is also one of the main reasons for the rapid rise of Hong Kong stocks and mainland A-share markets and the recent decline of US stocks and cryptocurrency markets.
Since crypto assets can now be generally considered as US dollar assets, and the current total market value is only more than 2 trillion US dollars, it is not worth mentioning compared with the size of the US and Chinese capital markets. Therefore, as a risky US dollar asset, at this stage, naturally there will be no continuous entry of large funds. However, as the effect of interest rate cuts gradually spreads, investors are looking for diversified investment targets around the world, and the cryptocurrency market is expected to be boosted to a certain extent. This requires global big capital to find the best balance between risk and return, which may take several months.
"Bitcoin Adjustment Analysis: Future Trends and Entry Opportunities"
Bitcoin is currently in a state of adjustment. Last week, its price reached $66,500 and has now fallen back, which is a common situation after a sharp rise. So, what will happen to this leading cryptocurrency next?
Bitcoin Technical Analysis:
Bitcoin has been falling since it broke below $62,800 and is currently trading between that level and $60,000. The $60,000 level has always been a strong support level that the market has not easily broken through.
What will happen in the future:
For now, $60,000 is expected to continue to provide support. However, we may see another adjustment that could bring the price of Bitcoin down to $58,000. It is expected that this decline will be temporary and the market will likely rebound quickly.
Is it a good time to enter the market?
Yes, it may be a good time to enter the market, but it needs to be operated with caution. It is very important to use stop-loss orders because the current political situation may cause large price fluctuations.
Is the outlook optimistic?
Yes, the market remains optimistic, however, stability in the Middle East is necessary for a more stable price increase. Calming down these geopolitical tensions may help push prices higher in the near future.
Conclusion:
Bitcoin is in a healthy correction phase that could set the stage for a new uptrend. However, traders should remain cautious and use risk management strategies, especially in this volatile environment