Yi Lihua: Don't Expect to Make Money Every Moment in Market Turmoil; Still Sticking to the Bitcoin Bull Trend, But Waiting for the Pullback to Play Out

October 29 — Liquid Capital founder Yi Lihua (JackYi) posted: "Global financial markets have been on shaky ground lately. In investing and trading, you can't expect to make money every single moment — even someone as strong as Duan Yongping has had to endure massive unrealized losses, and a certain stock market guru who made ten times his money has now given back 80%. That's to say nothing of how ordinary stock and crypto investors are faring. The overall macro environment is still within a rate-hiking cycle, and Bitcoin already counts as a relatively well-performing asset. The principle remains the same: rallies don't go in a straight line, and neither do pullbacks. I still see the bull trend, and I'm still waiting for the pullback to play out. As the midterm elections approach, market volatility and trading opportunities have arrived too. Recently I saw that Coinbase has launched a global derivatives trading competition with a prize pool of up to 2 million USDC — just the thing to give everyone a platform to exchange ideas and test trading strategies. I'll be taking part and learning as well; only practice brings continuous progress."