Brothers, hello everyone, I am trader Zhu Yici. On December 12, Binance launched the Bitcoin Inscription SATS. My social circle was once again flooded with inscriptions. The myth of getting rich quickly was played out everywhere around me. It seemed that as long as you typed the inscriptions on the major public chains, you would make money. The market has completely entered a crazy stage.
Everyone is making money, so who is losing money? This involves the concept that account wealth is not equal to cash. Account wealth refers to the market value of the inscription.
When the price of Inscription Coin reaches a high level, only those who sold the inscriptions in advance and turned the inscriptions into money in advance will make money. Those who exchange money for inscriptions at a high price will lose money.
Those who made money and cashed it out made money from those who held on to the inscription until the end, those who were the last to take over or those who held on to the inscription and were unwilling to stop loss.
From an overall perspective, money simply flows from one pocket to another. The inscription market does not generate substantial wealth. It is just a speculative game of wealth redistribution.
Don’t you know that this is a bubble that will burst? Of course you know! But who says a false prosperity is not a prosperity? You just think you will not be the last one to take over.
