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Trader Eugene: Crypto investors should focus on drawdown control, and a drawdown of over 75% requires a reassessment of trading ability

ChainCatcher message, trader Eugene posted on social media, "Making money in the crypto market is one thing, but holding onto profits is another. When planning your exit strategy for this cycle, you should focus on minimizing the drawdown from historical highs after the market turns. For those who say they can consistently profit in both bull and bear markets, I can only wish you good luck ------ because that means you have to become one of the top 0.01% of traders in the world. Here are the indicators I use to measure investment performance ------ the percentage drawdown from the new net worth high:0-20%: Your defense is perfectly in place, but you may have overdone it at the cost of sacrificing too much upside potential;20-30%: You performed well. You were able to see the signals of market turn and exit in time, with minimal losses;30-50%: The performance is okay. While not the best, ideally you should have already made a decent profit;50-75%: You stayed too long and failed to identify the key turning point at the end of the cycle;75%: There is a serious problem at some point, and you need to comprehensively assess whether you are fit to continue trading.Interestingly, you will never know the true extent of the drawdown before the next cycle begins. But in any case, it's worth planning ahead."

MARA: Controlling key resources such as Bitcoin block space and hash rate could have profound implications for the financial sovereignty of the United States

ChainCatcher news, Bitcoin-listed mining company MARA stated that controlling key resources such as Bitcoin's block space and hash rate (the pillars of the network) could have profound implications for America's financial sovereignty and its ability to maintain global influence in the digital age. It called on the U.S. government to take decisive action to address the challenges posed by Bitcoin and seize opportunities, while implementing the following strategic measures:Create a U.S. Bitcoin Strategic Reserve. The U.S. should acquire Bitcoin as a strategic reserve asset. By holding Bitcoin, similar to the U.S. being a major holder of gold, America will ensure its transactional capability when confidence in the dollar weakens globally;Invest in domestic Bitcoin mining. The U.S. should prioritize expanding its domestic Bitcoin mining operations to increase its share of global hash power. By controlling a larger portion of global hash power, the U.S. can ensure secure access to block space and protect its economic sovereignty;Develop mining technology to promote self-sufficiency. Encourage domestic production of mining hardware (ASIC chips) to reduce reliance on foreign suppliers. This will ensure that the U.S. does not depend on critical infrastructure from hostile nations, thereby enhancing technological self-sufficiency and strengthening national security;Implement supportive policy regulations. Establish clear and comprehensive regulations to provide legal clarity for Bitcoin miners and investors. Offering incentives, such as tax breaks for incorporating renewable energy into mining operations, will further stimulate industry growth, technological advancement, and job creation;Lead global Bitcoin standards. The U.S. should take a leadership role in establishing global standards for decentralized networks. By collaborating with allies and ensuring that Bitcoin remains a neutral, open, and secure platform, the U.S. can promote stability in global financial transactions and prevent the centralization of hash power by hostile nations;Protect national security through hash power control. As competition in Bitcoin mining intensifies, controlling a significant amount of domestic hash power will protect the U.S. from foreign interference. Ensuring a strong share of global hash power can prevent hostile nations from censoring or delaying U.S. transactions, which could have serious economic repercussions.
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