💰 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
I exchanged ideas with several top earners in the past year. The common situation is that they make money with BTC and spend it on altcoins. Since they are professionals, playing with BTC is a must-have skill, but without exception, they all fail with altcoins. Why? They can't resist the temptation of multiple returns and the loneliness. The returns from altcoins are generally 3-5 times that of BTC, and in some cases, even up to ten times. Those who make money with BTC are in pain because they could have made much more by investing in altcoins. If you earn 100,000 with BTC, you could have made 200,000 with ETH, 500,000 with DOGE, and even 1 million with more speculative altcoins. Regret not investing in altcoins? Go for altcoins.
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So, the result is that BTC makes money and altcoins spend it. Altcoins rely on this high volatility bait to trick BTC funds into playing, and they can trick as many as they can.
When I'm simultaneously playing BTC and altcoin, the main risk is that I tend to overlook some details of BTC's trend. Often times, the switch between long and short happens in an instant,
There is a story in Zen Buddhism that when someone asked a highly enlightened monk what he does after achieving enlightenment, the monk said, chopping wood, carrying water, sweeping the floor.
When asked what to do before enlightenment, the answer is still chopping wood, carrying water, and sweeping the floor.
The enquirer is puzzled, the actions before and after enlightenment are the same, so what is the difference between being enlightened and not being enlightened?
The master replied, before achieving enlightenment, when I chopped wood, I thought about fetching water and sweeping the floor. When I swept the floor, I thought about chopping wood and fetching water.
Once enlightened, when I chop wood, I only think about chopping wood; when I fetch water, I only think about fetching water; when I sweep the floor, I only think about sweeping the floor.