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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Starting with 100,000 yuan, after two years, my investment capital has risen to 1.5 million yuan. This experience has made me deeply realize that in the Crypto Assets market, what is called 'luck' is actually built on solid skills and a resilient mindset. Today, I want to share six investment insights that have been verified in practice, hoping to provide some valuable references for Newbie investors.
1. Don't panic sell after a sudden rise followed by a slow decline. This situation is often a sign of market consolidation rather than a true top signal. What you really need to be cautious of is the trend of 'sharp rise followed by a steep decline'.
2. Be cautious when there is a slow rebound after a sharp decline. This may be a bull trap, and do not easily assume that a bottom has formed. Buying in too early may lead you into a loss situation.
3. There is no need to panic when trading volume expands at high levels; instead, one should be more vigilant when the trading volume suddenly shrinks. High trading volume may indicate that there is still room for a rise, while a sudden decrease in volume is often a sign that the market is about to adjust.
4. A single insufficient volume at the bottom cannot be considered a buy signal. A more reliable entry point is when there is a sustained moderate increase in volume after a period of sideways consolidation.
5. Understanding the changes in trading volume is crucial for grasping the pulse of the market. A decrease in trading volume indicates a reduction in market participation, while an increase in trading volume signifies that funds are flowing in, and market enthusiasm is rising.
6. Successful investors are all practicing the mantra of 'stability':
• Don't be stubborn, take a short position at the right time to avoid risks;
• Restrain greed, and only profit within the scope of your understanding;
• Stay calm and be brave to take over at the right moment, without being influenced by short-term emotions.
Finally, I want to emphasize that market trends themselves are always objective; the only thing that can go wrong is our own judgment. In the Crypto Assets market, rather than trying to predict the future, it's better to maintain a stable mindset and patiently wait for the next opportunity to arise. By keeping this mindset, you are already ahead of most people.