💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
1. Short term logical thinking is more serious
The so-called ephemeral logical thinking here requires people to have a long-term overall goal. Reasonable allocation of positions, long-term master, short-term as auxiliary, short-term trend changes also need to follow.
2. Chase the rise and kill the fall
Chasing up and killing down is basically a mistake that every currency market investor will make, seeing a certain currency rise, the world will discuss this currency, blindly follow the trend to buy it, after buying the quilt after losing 10%, 20% when they are reluctant to cut loss, die and wait for the day to untie the set. Wait for you to continue to fall, lose 50% or even,
60% or 70% of the time, and feel that the coin is not good, immediately cut Cut Loss to the floor; The process is then repeated again and again.