Applying ETF Feasting on Fear Sol

CoinWorld News Report:
Question: Did you buy the dip?
A week ago, a fan asked me if it was a good time to buy SOL, considering its significant drop. They were wondering if it was time to cut losses.
My answer was: Stick to dollar-cost averaging, buy freely below $130, take advantage of the dip. Maintain a cryptocurrency-oriented mindset. As long as the bull market continues, any pullback in SOL can be seen as a market correction.
According to Bloomberg analyst James Seyffart, VanEck has submitted the first SOL ETF in the United States. It is worth paying attention to whether other issuers will follow suit. He predicts that if there is a change in the White House administration and the US SEC appoints new personnel, it is possible that the related applications may be launched at some point in 2025, but it may also not happen.


After Ethereum completes its ETF application, it may encounter some issues, such as the significant holdings of Grayscale, which could impact the inflow of funds into the ETF. If the inflow does not meet expectations, it may create a vicious cycle.
In the past few days, I have been pondering this question more. If Ethereum’s ETF application is successful and positive news is confirmed, the next event that could potentially happen is the ETF application for SOL.
When people don’t mention or overlook certain things, I believe that the opportunities are often greater than what is visible.
In the case where Ethereum is generally favored, it may indirectly have a greater impact on SOL (before its own ETF is approved, it should be positive news).
Therefore, it is essential to pay attention to market changes and determine how to mitigate risks and seize opportunities when the spot ETF application is approved.
The cryptocurrency environment this year is actually very favorable.
There is support from Wall Street capital.
Regulation from the SEC and CFTC (against fraud), as well as support for compliant cryptocurrencies, such as the approval of Bitcoin and Ethereum spot ETFs.
There is the backdrop of the US presidential election, with 50 million young crypto voters prompting every presidential candidate to start discussing Bitcoin, with attitudes shifting from negative to positive and from ignorance to deep conversations.
There is also the end of interest rate hikes and expectations of interest rate cuts.
Furthermore, there is the four-year halving cycle of Bitcoin.
However, all of this has not driven the entire market to rise. Bitcoin has made several attempts to break through the $73,000 level but has been unsuccessful. Many altcoins have also fallen back to the starting point of the bull market due to various reasons.
Personally, I had this expectation before this bull market started, but I was unsure of how they would play this time.
If the market cannot be predicted, one can only find some clues.
In this bull market, unexpected events that everyone does not anticipate are more likely to occur, while expected events are less likely to happen.
For example, it was expected that Bitcoin would rally immediately after the ETF approval, but it unexpectedly dropped below $40,000.
Many people expected that the Ethereum ETF would not be approved, but it was.
Many people predicted that after the improvement of the fundamental situation due to ETF approval, Ethereum would be unlikely to drop to the $3,200 level, but it did.
At the beginning of this bull market, it was expected to speculate on venture capital (VC), but it turned out to be all about meme coins, starting with Dogecoin, then Solana, and later various animal-themed coins.
Projects that were initially favored by everyone became the biggest losers in this bull market.
I can actually understand this phenomenon. After all, it involves capital and money, and it is difficult not to have unexpected situations. If there were no unexpected events, wouldn’t everyone make money?
That’s why I said before: The Federal Reserve’s interest rate cuts. Many people said it would be difficult this year and would only happen next year, but I disagree.
The harder the Federal Reserve talks, the more likely I think it will happen earlier, possibly before September or October.
I think even on the day before the rate cut, Federal Reserve officials will maintain a hawkish stance.
The hawkish stance is for external purposes, but internally, it is loose.
Hawks are not scary. On the contrary, when the market is harmonious, we should be cautious.
Although I don’t buy every time the market is bearish, I always buy in large quantities during bearish periods.
This week, when Bitcoin broke below $60,000, I updated an article.


Almost every time it reaches a critical point, I explicitly tell everyone to buy the dip, and each time, it is during a period with more bearish news.
These decisions go against human nature.
Everyone is starting to understand that this round of the market will be more challenging, especially for altcoins. However, for the few mainstream cryptocurrencies, it is more stable and easier to make money.
Therefore, it is important to allocate assets reasonably and take advantage of the significant dips in altcoins. Even if there is a loss for a month, it is possible to recover quickly by buying the dip at the right time.
Timing the market and managing positions are what I repeatedly emphasize. They are the foundation of making money; otherwise, it would be a series of mistakes.
Finally, a sentence for everyone: When opportunity arises, feast on fear and don’t let the golden goblet be empty under the moon.