#Gate股票转仓功能上线 $FB As I said earlier, the rebound height keeps getting lower and lower, and the lower bound is also getting lower and lower—this shows that many people can’t hold on anymore. They’re cutting their losses, selling, and cashing out by withdrawing and selling/raising funds, but the project team will not backstop anything and also doesn’t have the ability to backstop. There’s no market consensus either, so it can only keep spiraling downward. Investors who raised funds early, with a cost of 0.5, are already losing badly. Now it’s impossible to find someone to raise funds. The project team itself also won’t take money out to help. With the overall environment being bad and making money being difficult, once it goes into someone’s pocket, it’s impossible to get it back out. I had more than 7,000 of them, and I started cutting once it broke below 1—at 0.7 and 0.5 I cut too, leaving only a tiny remaining position. With just one-third of the money I lost from cutting my losses, I could buy back. Examples of “diamond hands” winning in the crypto market are extremely rare. I suggest everyone look for opportunities to reduce your position—just keep an appropriate amount of exposure.

FB-0.67%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
ColdWalletUnderTheAurora
· 07-02 11:29
7000 leftover bottom positions can still buy back one third, this volatility is too real, keeping some positions to watch the show is indeed better than holding on desperately.
View OriginalReply0
GateUser-634ae966
· 07-02 11:19
Gate’s transfer-to-other-platform function goes live right now—those who get it get it. It’s convenient for everyone to make a quick exit, right?
View OriginalReply0
BullsAndBearsInVinyl
· 07-02 10:51
Cutting from $1 down to $0.7, and then to $0.5—bro, this move may hurt like crazy, but it’s clear-headed for sure. In this market, diamond hands are exactly just targets.
View OriginalReply0
  • Pinned