CryptoExplorers says
06/05/2021
We have only one purpose of participating in the currency circle, which is to make money. The speculation of coins is definitely not a welfare institution. The situation of big fish eating small fish will definitely happen, such as doing leveraged transactions. Why are so many funds being liquidated every day, but there are still A group of people rushed in. This is exactly the gambling behavior triggered by the desire to get rich. For large funds, it is actually very difficult to liquidate their positions. On the contrary, those who want to use small capitals to participate in the market with high leverage can easily be liquidated by normal market fluctuations. This is actually a professional investor. The process of eating fish, so if you want to make money in the currency circle, you must first learn to survive, and it is the best policy to make as few mistakes as possible. Therefore, we must first control the risks before we can make money. Another point is that you can read less news and materials that are not related to making money, and leave those things to the bear market to learn. Since the bull market, some people seldom talk about their investment and trading experience, and try to show everyone the news that affects currency prices around the world every day, so that we can better judge the market together. As for the investment experience, we will keep it slow in the future. Just talk slowly.
The Fed spoke again yesterday. Meester said that the currency will need to be very loose for a period of time to support sustained economic recovery. Evans said that inflation will rise further, but the risk of inflation is still far away and the easing policy will continue. The implication is that we will continue to print money, inflation is controllable, and there is no need to raise interest rates, and then Dow Jones hit a new high, and Bitcoin has an off-package surge. As long as the expectation of continuing to print money remains, we don't need to worry too much.
Vietnam plans to regulate cryptocurrencies. ZF estimates that 1 million Vietnamese have already started using crypto assets. It is estimated that 30 million people will participate in crypto asset investment by 2030. Even Vietnam is ready to supervise it, and we should speed up. The estimated 30-fold growth of Vietnam’s zf also represents the future growth space of cryptocurrency.
The Ministry of Finance of South Korea intends to start taxation on the profits of crypto mining. It has previously determined that the proceeds of speculation will be taxed next year. It now appears that all income related to crypto businesses will be taxed at 20%. All countries are prepared to eat this. There is a cake, and when the interests are fully bound, this is the future.
Coinbase plans to close its San Francisco headquarters in 2022, on the grounds that it ensures that all workplaces are equal. This approach is very popular in the currency circle, adhering to the spirit of blockchain decentralization.
New York Digital Investment Group has reached a cooperation with a payment solution provider, which means that through this partnership, they can allow hundreds of U.S. bank customers to trade bitcoin. The channel in the United States is becoming flatter and the future increment is reaching a climax. It will slow down afterwards.
Cryptocurrency has become Australia's second most popular asset class, but for investors with less investment experience, cryptocurrency has become Australia's most popular asset. It is also very easy to imagine that the joy of speculating in coins is something you will never feel in stocks, and the currency circle will surpass the stock market in the coming years.
The American cruise travel agency Cruise Travel Outlet accepts cryptocurrency payments. After the epidemic is over, how about taking your coins and your love to go on a cruise together?
VanEck and BetaShares applied to the Australian Securities Exchange for a cryptocurrency ETF. The SEC's delay in passing it has caused American companies such as VanEck to apply to other countries. The SEC should be under some pressure for this and complete the approval sooner.
Tether issued an additional 2 billion USDT. This round of increase is not small, and it has also led to a continuous decline in the USDT premium rate. In the past 30 days, Tether has printed a total of 12.447 billion USDT. These are naked incremental funds. The market of nearly 100 billion yuan in a month will of course be a good market.
Grayscale Bitcoin Trust has a discount of -12.48%, which remains high, while ETHE has a premium of 0.76%, indicating that the institution is still Masukura Ethereum, so the market outlook will continue to be stronger than Bitcoin.
The Latin American e-commerce giant bought $7.8 million in Bitcoin and became the first company in Latin America to use Bitcoin as a balance sheet. With the first one, there will be a second and third.
Market analysis
Bitcoin:
The pie is still a relatively weak variety in the market, and there is no good opportunity to participate, and it continues to fluctuate.
ETH:
Continue to hold above the 5-day line, the trend is still not guessing the top.
DOT:
Linkage moves higher, currently hitting the top 40 pressure level, and it is expected to repeat.
XRP:
After falling for a day, it turned back, and the new high expectations still exist.
LINK:
Holds currency on the 5th line.
BCH:
Currency holdings on the 5th line are still in an upward trend.
LTC:
Can continue to hold.
BSV:
After hitting the top high, there may be 1-2 days of volatility, and there is a chance to continue to break through later, it is recommended to hold the main.
ADA:
It has also begun to enter the Defi field. Today, the volume is at a new high and the trend is expected to continue.
EOS:
Bull market speculation does not require a reason, but this currency is still cautiously chasing higher.
TRX:
The walk is not strong, and the linkage is the mainstay.
XMR:
High shocks dominate.
ETC:
Don't guess the top above the 5th line, take it first.
DOGE:
It still reminds the risk. Once the FOMO coin is put on it, it is difficult to get rid of it.
UNI:
The V3 version of the GAS fee is still high, which is not as good as expected at the time. Therefore, the trend today is weaker and mainly fluctuates.
SUSHI:
The recent development momentum is pretty good, and today it has risen sharply. You can consider participating in every callback.
The crazier the market is, the closer it is to the end of the phase. So when everyone participates in this kind of capital feast, never forget the risk. At present, it seems that the risk will not come right away. Let's play the game with calmness.
That's it for today, see you tomorrow.
