Last night, Bitcoin took the lead and began to retaliate, breaking through the highest price of 7,400 US dollars. Tsk tsk tsk, how many air forces have been liquidated?

According to the news from Block Rhythm, the total amount of liquidation for the Air Force reached about RMB 1.51 billion. I hope there is no contribution from you here.

Last night in the group, I remember that it was one-sided against the air force, the air force went out, and there was no grass. It is estimated that the banker is lurking in the group, and he can't see it. A promotion will wake up the air force.

It is undoubtedly a bear market now, but you can't blindly sell short, especially if you are heavily shorted, being blown up is a high probability event.

How about doing long positions in a bull market? That's sure to make money. wrong! There is still a high probability of being liquidated.

It is very common to suddenly rebound by more than 30% in a bear market and suddenly drop by more than 30% in a bull market.

What if the price of opening a short position is relatively high? Is it sure to make money? Still not sure.

Yesterday, it rose by about 1,000 US dollars, and the highest price was the same as the price ten days ago. That is to say, after falling for ten consecutive days, it all rose back in ten hours.

Suppose you opened a short position ten days ago and got it until yesterday, thinking that you have earned so much, it is difficult to liquidate your position, and you will be happy. As a result, the sudden increase in Gouzhuang at night made you dumbfounded. Are you closing your position or not?

Closing the position in time can keep the principal and add a little profit. The fantasy is about to pull back, and the result is that the profit is almost given up. Will be happy, but also very painful.

Now let’s think about two situations. The first situation: You enter the market with 50,000 yuan, and after a year of investment, you exit the market with 300,000 yuan and make a profit of 250,000 yuan. Are you happy or miserable?

The second situation: You entered the market with 50,000 yuan, and after a year of investment, you exited the market with 10,000 yuan and lost 40,000 yuan. Are you happy or in pain?

The logical answer is: the first case is joyful, the second case is painful.

wrong! The correct answer is that the first case is painful and the second case is joyful. why?

Because you don't know what you have experienced in this year's investment, and you will end up with a profit of 250,000 or a loss of 40,000.

The actual situation is that in the first case, you enter the market with 50,000 yuan, and the book funds reach up to 5 million. In the end, due to various reasons, the book funds become 300,000 yuan, and you cash out, and finally only make a profit of 250,000 yuan. You are in pain, very much.

In the second case, you enter the market with 50,000 yuan, and your book funds have shrunk for a while. You are eager to get back your capital, borrow money to make leveraged contracts, and finally liquidate your debts. You, who do not succumb to fate, use multiple sets of trading strategies to switch back and forth. Slowly making profits, finally paying off the debt, and cashing out 10,000 yuan, and finally only lost 40,000 yuan. You are happy, very happy.

It is not the result but the process that leads to joy and pain. If you don't take emotions and feelings and just look at the result, it must be the first kind of happiness, and the second kind of pain. This is the weakness of human nature.

We often say that when investing, don’t be emotional, don’t fall in love with investment products, invest with emotion, currency price fluctuations are emotional fluctuations, and the terrible thing is that emotional fluctuations will be magnified. It will collapse, and the gain will not be worth the loss.

Recently, we have launched an advanced course in the Beacon Community - Fund Management, which is presented in the form of a video. Through the study of this course, I believe it will be able to protect your wallet. The general link of the course will be launched this Saturday. Follow the public account: Beacon District Blockchain community. Advanced trading, don't miss it!

Lighthouse Community—Jiangge

Lighthouse Community—Jiangge

BTC

Bitcoin directly hit the trend line last night to stop the rise. From a short-term point of view, Bitcoin will have a chance to rise again, so we can consider buying more in the short-term within the day, and it can only be in the past ten hours. Continue to maintain the shock without pulling the market, then there is a high probability that there will be a door-to-door market in the future.

ETH

The trend of Ethereum is much weaker than that of Bitcoin. The market here is still weak. For Ethereum, it is not recommended to take this order. You can wait to follow the rebound of Bitcoin. It is best to empty it.

BCH

The trend of Bitcoin Cash is similar to that of Latiao, and it is not as strong as Bitcoin. It is best to wait until it goes up. So far, 181.5 is a critical point.

LTC

The trend of Latiao is very weak, and there will be a surge in the future. The key point is 39, and there is a high probability that it will still come down.

EOS

The trend of grapefruit is the same, it is a rebound market.

XRP

There is a high probability that Ripple will have a new low.

Bitcoin price at time of publication: $7103