The world is bustling, all for profit; the world is bustling, all for profit to go! Hello everyone, I am your friend Lao Cui who talks about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome everyone's attention and likes, and reject any market smokescreens.

Yesterday's market fluctuated little, and I took the opportunity to rest for a day. Although it was a rest, replying to messages became a necessity of life, and it was quite exhausting. I had a good sleep. Currently, my mind is particularly clear. The frequent market fluctuations in the past two days have brought a lot of negative emotions. More friends are questioning the growth prospects in the future, holding particularly deep bearish views on Bitcoin's hundred thousand mark or even higher prices. This issue is based on questioning Bitcoin's value. Most friends actually have significant misconceptions about Bitcoin; either they believe Bitcoin has enormous potential as a future currency, or they think Bitcoin is purely a bubble that will be worthless once it bursts. From Lao Cui's perspective, both viewpoints are valid because my judgments about the future may not necessarily be accurate. Speaking of bubbles, recent USDT issuance, the impact of the Russia-Ukraine conflict, interest rate cuts, and Trump's endorsement have indeed brought rapid growth to Bitcoin.

Everyone can view Bitcoin as an investment with financial attributes, which is always correct. Since it is a financial market, rapid development will inevitably bring bubbles, but the depth of this bubble is actually incalculable. Bitcoin is unlike other investment markets; it does not have a constant price reference or benchmark. The initial hype was about digital gold, and now the current hype is about a currency with high-tech and future attributes. Calling it a currency may be somewhat radical because, among all current regimes, no major country recognizes its currency attributes; it is viewed from a financial perspective. Mentioning financial attributes means high risk, which implies that the current trend, from Lao Cui's perspective, belongs to a speculative market, and the explosive growth bubble is too large, which we must acknowledge. Therefore, what we are doing at this stage is to exit before the bubble bursts; we must maintain this line of thought and continue. I have shared too much about the overall direction; at least before Trump takes office next year, short positions will definitely not be able to intervene, and even if there is a significant drop, it can be let go.

Many friends regard Bitcoin as a constant standard for value investment. Everyone should be clear that the focus of virtual currency is decentralization, which means it will not be linked to any actual value. This leads to many friends misunderstanding the rules of the cryptocurrency world, making it difficult for them to comprehend the operation of a currency without actual value. The so-called value investment in everyone's eyes can refer to the deeds of major players in the A-share market, such as Guan Shanxiang. Before parting, I have already defined value investment: value investing is dead. Since the U.S. redefined currency attributes, the so-called value investment has been filled with lies and bubbles. Centralized markets will definitely be more severe than the cryptocurrency world. Not targeting the A-share market, the ultimate solution to almost all financial market violations is just a slap on the wrist. If we talk about actual value, how about Musk's wealth skyrocketing by over 600 billion? Nvidia becoming the world's first company by market value? Who created this series of bubbles? Almost all investment banks believe that the bubble value in their retaliatory rise has reached over 40%, but the result cannot be changed. The actual value depends on the consensus of the majority; as long as the consensus is strong enough, any company or market can create miracles, even breaking previous historical highs.

This concept must be clear in everyone's mind. In the past two days, with the weekend approaching, there has indeed been a prevailing bearish sentiment. The more we reach this critical point, the more we must abandon some unrealistic fantasies. What you need to do is to think from the perspective of the market makers: if you were the market maker, how would you choose the future trend? Knowing the influence of two major favorable conditions on investment sentiment, do you really have enough courage to short the market? In short, any analyst who tells everyone to short should be closely monitored to see if they are shorting themselves, and then check their profits to see whether the profit space for shorting is larger than for going long. There are too many analysts in the market who shout to short while secretly going long; they don’t even dare to enter short positions but want everyone to buy short, merely to gain a good reputation for being right about the market when the bears finally arrive; and this good reputation is not based on your investment profits, but just to satisfy their own competitive spirit! Especially the biggest good news is the issuance of Tether; it was previously mentioned that Tether's issuance would cause short-term bubbles. How this bubble bursts is not something to consider at this stage; bubbles need time to expand, and bursting is a direction to be decided next year. Everyone must focus on going long; for those who want to short, you can look at Ethereum. As long as Ethereum creates a new high, it will definitely be accompanied by a 50-100 point pullback, and this short position can be captured.

Having said so much, I will still report on Lao Cui's current position management. Currently, I hold three Bitcoins, with an average entry price around 840,000. This was a wave of Bitcoin I bought after exiting Ethereum, so the price is relatively high. I currently have 20 Ethereums in the market, and the price of Ethereum is low, having been held in the market almost since before the bull market started, with an entry point around 2,200. The latest entry into the market is SOL, which I only bought after getting rid of BNB, with an entry point around 201. The above is all of Lao Cui's asset purchase situation. As for contracts, I have always held a short-term long position; currently, I hold one Bitcoin long on Binance at a price around 67,800, and I have two others on different platforms that just entered the market. From everyone's perspective, this may seem like a high position, but I entered around 99,000 and have been averaging down to around 98,500. My current arrangement for contracts is to celebrate the arrival of 100,000 with everyone. The take-profit position, due to the short-term approach, is temporarily set at 100,123, just to witness the arrival of 100,000. The most difficult-to-understand action is that when Ethereum was at a high, I entered a short position, buying 50 coins to short around 3,450, and I estimate I will exit after today's fluctuations in the evening. The above is all of Lao Cui's investment arrangements; for everyone, just consider it a story, and it does not constitute any investment advice.

Lao Cui's summary: Through recent interactions with everyone, many friends have discussed the actual value investment of Bitcoin and whether it has long-term return value. Historically, Bitcoin's investment return rate has indeed become the highest in history, but after reaching 100,000, I would prefer everyone to enter the market in a short-term manner. The current approach is to eat and drink well before reaching 100,000, and after reaching 100,000, cut off half of the profits you deserve. It’s very simple; moving forward, for example, if there is a growth space of 10,000 points, you need to hold with a profit of 5,000 points, and once you lose that 5,000 points of profit, you can directly stop investing, withdraw your profits, and exit. Currently, Lao Cui's thinking is to look for eleven, strive for twelve, and aim for thirteen. After the 100,000 mark, I will seriously consider the exit plan, and I will notify everyone at that time. Overall, it still depends on the market's capital situation. Currently, with Tether's issuance, there is no need to hesitate at the 100,000 mark; we need to consider how to proceed afterward. For users who have not yet entered the market, you can think about it before entering. If you are unsure, you can directly ask Lao Cui. The current trend shows that the downside will not be too large; do not scare yourself, and holding bravely will lead to profits!

Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, you can contact directly.

Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes for the big picture, not focusing on individual pieces or territories, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short positions, only contending for short-term gains, resulting in frequent troubles.

This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!

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