Recently, the hype around gold has really reached a fever pitch. A couple of days ago in the elevator, I saw an elderly man scrolling through Douyin, and the screen was full of trading signal videos, all promoting the idea that gold will continue to surge. I’ve actually been doing long-term allocations in gold myself, but I couldn’t resist the nationwide FOMO atmosphere, so I lightly reduced some of my positions yesterday.
Honestly, this wave of short-term sentiment has already peaked and needs time to digest. But looking at the long-term, I still believe in the direction of gold. Currently, many asset bubbles are quite inflated, and there are no signs of improvement in national debt issues. It seems there’s really no reason for gold to stop rising.
Recently, I tried trading precious metals spot on a major exchange, and the experience was pretty good; doing spot trading is feasible. But I am definitely not touching futures contracts—the frequency of price spikes is just crazy, and I simply can’t keep up.
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ProbablyNothing
· 13h ago
全民FOMO this wave is really incredible, even my grandma is asking if she can buy the dip in gold
Short-term sentiment has peaked, that's a fact, but in the long run there's really no reason to run
Spot trading is okay, but the frequency of needle insertion in futures is really not something I can play with
Gold, you know, the more chaotic it is, the more valuable it becomes. Who will fill the debt hole?
Reducing positions is very smart, I’m also thinking about when to get in
Even elevator operators are calling orders? Then we should be cautious
Making money in spot trading isn't that fast, but futures can make money faster and also lose faster
I believe in the long term, but don't overestimate yourself in the short term, we're all just leeks
After this round of sentiment is digested, it probably will drop again, and then it will be a real opportunity
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CodeAuditQueen
· 13h ago
Spot trading is okay, but the risk model on the derivatives side is like an unaudited smart contract, with slippage and insertion points all hidden reentrancy attacks. In my opinion, no matter how well the funds are managed, it can't fill this vulnerability.
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SigmaValidator
· 13h ago
全民FOMO真的绝了,这波情绪见顶的信号太明显了
Spot trading is okay, but the frequency of price spikes in futures is really outrageous. I also firmly refuse to touch it.
Long-term bullish on gold, but short-term cooling is necessary. No rush.
What does it mean when even the old guys start calling trades? It's time to stop.
Long-term allocation is good, chasing highs in the short term is just foolish.
Spot trading is still playable, but the futures market really can't compete with the big players.
Debt issues haven't been resolved, so gold still has room to grow.
Meeting the old guys in the elevator indicates that market sentiment is already overheated.
Reducing positions was the right move; this wave really calls for some cool-headedness.
Those price spikes in futures are really dangerous; a single major loss should be a lesson learned.
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AllInAlice
· 13h ago
Even the elevator guys are starting to call signals, this is indeed a sign.
全民FOMO (Fear Of Missing Out) is really terrifying, I almost jumped in too.
Spot trading is fine, but never touch futures—it's just a harvesting machine.
Long-term bullish on gold, but stay calm in the short term.
The pump is unstoppable; there's no way to prevent this rhythm.
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RugPullAlarm
· 13h ago
When everyone is FOMOing, it's often a sign that funds are concentrated at the top. I tracked the gold holdings flow of several major addresses, and there are indeed signs of quietly selling off at high levels. Your intuition is spot on.
I absolutely refuse to touch derivatives; I give full marks for that. Those pinning mechanisms are inherently designed as exchange fund schemes. The on-chain data has been there for a long time, so there's no need to let others cut in.
Recently, the hype around gold has really reached a fever pitch. A couple of days ago in the elevator, I saw an elderly man scrolling through Douyin, and the screen was full of trading signal videos, all promoting the idea that gold will continue to surge. I’ve actually been doing long-term allocations in gold myself, but I couldn’t resist the nationwide FOMO atmosphere, so I lightly reduced some of my positions yesterday.
Honestly, this wave of short-term sentiment has already peaked and needs time to digest. But looking at the long-term, I still believe in the direction of gold. Currently, many asset bubbles are quite inflated, and there are no signs of improvement in national debt issues. It seems there’s really no reason for gold to stop rising.
Recently, I tried trading precious metals spot on a major exchange, and the experience was pretty good; doing spot trading is feasible. But I am definitely not touching futures contracts—the frequency of price spikes is just crazy, and I simply can’t keep up.