Old Cui says: Clear out USDT, the bull market in the crypto world has arrived!

CN
1 month ago

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

Today’s pattern is magnified, and I want to discuss with everyone the future of Bitcoin and other cryptocurrencies in the coin circle. A friendly reminder that this article is basically all valuable content, so please be patient while watching. Many friends are filled with fantasies about the future of BTC and Ethereum, and due to the high prices of these two cryptocurrencies, some are hesitant and turn to altcoins. Regarding altcoins, there is indeed potential, but there are actually more stable coins between altcoins and Bitcoin and Ethereum, which Lao Cui refers to as small coins. Before the bull market arrives, Lao Cui has also mentioned that the top ten market cap coins are worth investing in. At this stage, we can already see results; ADA, XRP, and SOL are performing relatively well, and their potential still exists in the market. Including the exchange rate issues mentioned by Lao Cui, some smart coin friends have chosen to ambush USDT around 7. Although it’s a small profit, it’s a rational choice. Suddenly, I remember a saying: this world does not lack ways to get rich, but lacks the vision to discover those ways. Getting a bit off track, let’s return to our topic:

It is obvious that a series of measures by the Americans have pushed Bitcoin to the high ground of public opinion, while also driving the financial growth of the entire coin circle. So, is there still such an opportunity for other coins? Here, Lao Cui must remind everyone that many people hold extremely biased views about Trump’s rise to power, thinking that his emergence is the dawn of the coin circle. Lao Cui needs to correct everyone’s thinking; his rise is beneficial to Bitcoin and Ethereum, but not to all coins. Behind compliance, many coins will inevitably be eliminated, and USDT will certainly be among the first to go. Since the Americans fined USDT, it has made Lao Cui ponder deeply; this scene seems familiar from a certain platform: first a fine, then a tax, and the third step is to create a regulated platform of their own. With that said, can everyone understand why Lao Cui is worried about the future of USDT? It also explains the reason behind the frenzied issuance of USDT; many people think it’s a bull market coming, and USDT wants to take advantage of the momentum without deeply considering its future development.

USDT is a cryptocurrency that merely facilitates smooth transactions in the coin circle. To put it bluntly, there was no such type of cryptocurrency on the platform before, and the amount issued is entirely determined by the company behind it. Earlier this year, Lao Cui also mentioned that the biggest problem in the coin circle is USDT, which has the potential to collapse at any time. Although it is pegged to the US dollar exchange rate, its intrinsic value is questionable. At the same time, on the path of compliance, the Americans will definitely take action against USDT, thereby placing the power of currency conversion in their own hands. This step is not far off and may be realized next year; Trump has always had a good eye for finance. In summary, Bitcoin and Ethereum have untraceability, but USDT’s traceability can be firmly controlled in their hands, which is also the inherent thinking of top-level figures. As for how to transition away from USDT, that is what they need to think about—whether to take over directly or to reintroduce a new USDT. Lao Cui won’t dwell on this issue; I can only say that currently, whether it’s coins starting with USD or coins with similar attributes, there are more or less shadows of traditional capital behind them. Just a reminder, this step is highly likely to be realized. As for coping methods, Lao Cui won’t elaborate; discussing this could lead to problems.

Secondly, I would like to remind everyone to focus on other coins that are about to be listed. After Bitcoin and Ethereum are listed, the profits they bring will certainly drive the coin circle market to flourish again. Currently, Lao Cui’s plan is that the next coin to be listed will be among the top ten by market cap, which is also why every coin is eager to perform. XRP and SOL have the highest probabilities, so everyone can make some arrangements. The benefits brought by compliance are enormous; comparatively, SOL has greater opportunities, while XRP’s issues may prevent it from being listed due to other factors. This depends on the Americans’ own choices; between the two, SOL has a higher chance. Compliance does not necessarily benefit all coins; everyone should have a perspective for evaluation in their hearts. The growth path of mainstream coins cannot be blocked, but many coins cannot be brought to the table for discussion. As for many friends’ altcoins, they are likely to fail. What the Americans want is the profit behind the coin circle; the survival of the coin circle itself is not that important. Following this line of thought to filter coins may be easier.

Having discussed the macro trends, let’s return to the current market situation. Many friends are deeply worried about the trends of Bitcoin and Ethereum. If you observe for yourself, the current market has only dropped for two days, and the depth of these two days is not significant. The low point the day before was 94093, and yesterday’s low point was around 94265. In fact, the fluctuations over these two days have remained within this range, and there has been no so-called breach of the 90K mark. Lao Cui has also observed many coin friends’ thoughts in the market; being bearish just because of a drop can be harmful. Everyone should have their own scale for considering things and not blindly follow the crowd. Lao Cui’s thinking has always been this way: in a bull market, do not short; going long is the way to capture a wave of trends. Throughout the bull market, we only need to seize one wave to earn back the profits that belong to the short positions. If you feel the market is unstable and think it will drop, just wait for it to drop to the right level before acting. The biggest risk of short positions is that it’s hard to judge whether the market makers are inducing shorts; a single misjudgment can ruin your entire career in the coin circle. Everyone must be steady! As for everyone’s arrangements, it’s very simple; I will provide thoughts in the summary!

Lao Cui’s summary: In the face of the current trend, the first thing to do is to avoid holding a large amount of USDT; converting it into other coins will be more prudent. A gentleman does not stand under a dangerous wall; running away from risk is the wisest choice. Whether converting to BTC, Ethereum, or SOL, the growth of these coins will definitely outpace the growth of the exchange rate. As for platform tokens, do not think about buying in bulk; platform coins during the bull market are not stable. While they do yield significant profits when they rise, they also fall without mercy. No one can guarantee who the next successful platform will be, but due to many factors, if other influences arise again, the survival of the platform itself will be in question. The current stage belongs to a washout phase before interest rate cuts; as long as we endure this period, profits will naturally flow into everyone’s pockets. For contract users, the entry point is very important; if you’re unsure, just ask Lao Cui. The entry point needs to match the amount of funds you have; don’t think about matching the highest and lowest points. Including what was mentioned yesterday about Microsoft, the results are not important; what matters is the timing of capital inflow. The current depth of the pullback is crucial; it requires capital to take over. Without a takeover, don’t talk about growth. Even if other factors influence the market, even if news of large companies investing in the coin circle comes out again, we need to consider when their funds will intervene. Not investing in all growth can only be fleeting; do not overly trust the words of capital. A gentleman discusses the traces, not the hearts. That’s all for now; see you all tomorrow!

Original creation by WeChat public account: Lao Cui Talks About Coins. For assistance, please contact directly.

Lao Cui’s message: Investing is like playing chess; a master can see five, seven, or even more than ten moves ahead, while a novice can only see two or three. The master considers the overall situation and strategizes for the big picture, not focusing on a single piece or territory, aiming for the final victory. The novice, however, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, and often finds themselves trapped.

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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