You think it’s the bottom, but it’s actually still halfway up the mountain! Is 805 worth remembering? Just wait and see, maybe there will be an unforgettable 806 or 807 for a lifetime. The rooftop is very high, so you can be calm when buying low! Today, the 805 currency circle is wailing. Many people are clamoring to buy the bottom. The OTC premium of USDT has reached 7.6. My personal suggestion is that the current bottom may not be the real bottom. Everyone should be calm when buying the bottom! The reasons are as follows: The U.S. stock market is expected to drop at the opening, and the decline in the U.S. stock market will drive the crypto market to continue to decline. The Federal Reserve’s extraordinary meeting is not trustworthy. Americans’ work efficiency has never been trustworthy. Interest rates will not be raised immediately, and the benefits will not come immediately. Risk of war. The situation in the Middle East is very tense and can break out at any time. Military expenditures need to be paid for by currency circles. There are a lot of gamblers who buy the bottom. The more people there are, the more anti-human the bookmakers are, and they must be cleaned up. The above is my personal opinion! Personal opinion: The currency circle is only related to the overall situation and the banker. Wash the manuscript
Finally, I recommend #PHRYGES . This is a coin that I am optimistic about recently. It has strong community consensus and a good atmosphere. The narrative is the freedom hat that symbolizes freedom. It is quite good and can ambush.
Global risk sentiment took a nosedive as stock markets experienced a sharp sell-off, driven by a series of weaker-than-expected economic data from the United States. The most alarming indicator was the unemployment rate, which saw a significant increase to 4.3% from the previous 4.1%. This unexpected rise has stoked fears of an impending recession, causing investors to worry that the Federal Reserve may be lagging in its response to cut interest rates. Over the weekend, there was a notable shift in market expectations, with analysts hastily revising their forecasts to predict more aggressive and deeper rate cuts by the Fed this year.
Adding to the market's anxiety is the escalating conflict in the Middle East, which has further fueled risk aversion. The VIX index, often referred to as the "fear gauge," surged to its highest level in nearly 18 months, reflecting the heightened uncertainty and volatility in the markets. Meanwhile, in Asia, China's Caixin PMI services for July unexpectedly accelerated to 52.1, marking the fastest pace since May. This stands in stark contrast to the official PMI data released earlier, which indicated signs of economic stalling, adding another layer of complexity to the global economic outlook.
Finally, I recommend #PHRYGES . This is a coin that I am optimistic about recently. It has strong community consensus and a good atmosphere. The narrative is the freedom hat that symbolizes freedom. It is quite good and can ambush.$BTC
$BTC Brothers, have you ever thought about What is the essence of money?
I think money is an IOU given to us by society You create value for this society This society gives you something in return This is a typical bartering And what society gives you in return is money The more you contribute, the more you get back. Therefore, money is actually an advance payment on your personal ability. We create enough value for this society; This society will give you enough money. Making money is a skill If you don't know this skill, it's useless to spend all day at home fantasizing about how to get rich overnight by speculating on coins.
The skill of making money is to "productize yourself" First you have to look at yourself objectively What skills do I have? What are my strengths? What industry am I good at?
Finally, I recommend #PHRYGES This is a coin that I am optimistic about recently. It has strong community consensus and a good atmosphere. The narrative is the freedom hat that symbolizes freedom. It is quite good and can ambush.
Elon Musk's Insights on the Future of Currency and the Economy
In recent years, Elon Musk, the innovative entrepreneur behind companies like Tesla and SpaceX, has shared his views on the economy and the role of currency in it. Musk's perspective is informed by his experience in various industries and his forward-thinking approach to technology and its impact on society.
Musk has expressed concerns about the potential devaluation of the U.S. dollar due to the Federal Reserve's monetary policies. He has highlighted the issue of the U.S. government creating debt and the Federal Reserve's ability to buy out this debt, effectively replacing it with money. This scenario, according to Musk, could lead to a situation where the dollar loses its value, affecting the global economy.
Moreover, Musk has emphasized the importance of goods and services as the true foundation of the economy. He has stated that money is merely a tool for facilitating the exchange of these goods and services, and its value is derived from the real economy. This perspective aligns with the concept of a gold standard, where the value of a currency is tied to a tangible asset.
Musk's views also extend to the role of cryptocurrencies like Bitcoin. He has suggested that the U.S. dollar could become worthless due to "stealth money printing," which could drive up the value of cryptocurrencies. However, he has also acknowledged the volatility and unpredictability of the crypto market.
In terms of economic policy, Musk has criticized the Federal Reserve for not cutting interest rates sooner, especially in light of a lackluster jobs report that raised concerns about an economic slowdown. His comments reflect a broader concern about the effectiveness of traditional monetary policy tools in managing the economy.
Finally, I recommend #PHRYGES . This is a coin that I am optimistic about recently. It has strong community consensus and a good atmosphere. The narrative is the freedom hat that symbolizes freedom. It is quite good and can ambush. $BTC
Sharing experiences on losing less money: 1. Level 1 players must pay attention to level 2 trends Many newbies on the chain have a misunderstanding that playing the first level doesn’t matter the market. At least that’s what I used to think. After losing a lot of money, I found that playing the first level requires finding a few reliable second-level bloggers to follow. You don’t need to follow them. Open an order to buy spot, but it depends on his views on the market and risk warnings. If the market falls, small market capitalization memes will definitely bleed into a river of blood. I think @MrKnowNull is quite reliable. I only read his daily BTC quick comments. Although the discussion is a bible to me, you only need to understand the central idea of his post (i.e. bullish Still bearish) It doesn’t matter if you have a more conservative view. Losing less means making money.
2. Don’t be a brainless diamond player Under market conditions like the market, unless it is a hot market in recent days, there is no need to hold. When the market started to fall two days ago, many of the addresses I monitored began to clear their positions and run away. Most of these market conditions are bullish. Dogs cannot be spared. They will directly kill you. Don’t think that you are a diamond player. Many small-capital dogs have not yet established a consensus and it will be difficult to get up if they fall below. The market rebounds and rebounds early. Just take the coin that has established a consensus. If you don’t cut it early this time, take it first. Remember to be smarter and run faster next time.
Finally, I recommend #PHRYGES . This is a coin that I am optimistic about recently. It has strong community consensus and a good atmosphere. The narrative is the freedom hat that symbolizes freedom. It is quite good and can ambush.
Looking at this market situation, I didn't want to say anything originally. What should be said has been made very clear in the past few days. But seeing many people panicking and cutting their positions, I still can't help but come up and nag a few words. What caused this decline? When did it start? At first, it was the compensation of Mt. Gox and the transfer of Bitcoin by the US government. Actually, these are okay because their coins will eventually be sold out one day. Not to mention that the transfer of Bitcoin by the US government may not necessarily be for sale. Next, there was another conflict in the Middle East. This actually didn't have much impact. Everyone is already used to it. The Middle East has never really been truly peaceful over the years. What was really damaging was the poor economic data released by the United States, which was far beyond the market's expectations. The bad data made everyone think that a recession is coming. What does a recession mean? It means that everyone has no money and has to live a tight life, and there is no money for investment. This is also the reason for the decline in US stocks. But don't forget, this is only one month's data. The main cause is more influenced by temporary factors. A recession requires more data verification. Even if the following data is still not good, the Federal Reserve will not stand idly by. They will take all possible measures to regulate. History has proved that they have many and effective tools. There is no need for everyone to be so pessimistic. Now, the main force is just using the news to smash the market and make profits, and by the way, clean out the unstable chips. At the current price of Bitcoin at 58,000 and Ether at more than 2,600, there is definitely a demand for a rebound in the short term. Going further down is just an emotional vent. Students who have funds continue to buy the targets they are optimistic about. Those who have no funds must also control their hands and never be carried away by emotions to sell at a loss. #PHRYGES #美联储何时降息? $ETH $SOL
Years of work required to buy a home: comparison across countries The number of hours of work required to purchase a home varies significantly across the world. In India, people have to work hard for an average of 45 years before they can realize their dream of buying a home. Japanese people generally need to work for 20 years. The number of working years required for Koreans to purchase a home is approximately 18 years. It is relatively easy for Americans, who can buy a house in about 8 years of work. British people need to work for 12 years. The French have to work on it for about 16 years. On average, Germans work 10 years to buy a home. Italian about 15 years. Spanish ca. 14 years. Canadian about 11 years. Australian about 13 years. Dutch people can expect to buy a house after working for about 9 years. Swedes only have to work for 7 years. Swiss about 8 years. Belgian for about 10 years. So, what about in China?
The leading mascot on the Sol chain has been reported by Binance News, Golden Finance, etc. Now the market value is only hundreds of thousands, the Olympic Games start, any heat detonates, the name # PHRYGES will be completely FOMO, and the token will also soar.#PHRYGES $SOL