Withered vines, old trees, crows, small bridge, flowing water, and people's homes.
A thin horse rides on the ancient road in the west wind, the sun sets in the west, and a heartbroken man stands on the cliff.
Perhaps the mood of this short order is a true reflection of the mood of most cryptocurrency holders right now. After waiting for so long for BTC to return to 69,000, altcoins are experiencing another mid-level wash-out. What’s even more shocking is that this wash-out is accompanied by sanctions against Tether by the U.S. Treasury Department.
Speaking of USDT, it has a long history. After a major cleanup of domestic exchanges in 2017, transactions were switched from CNY to USDT. In the meantime, USDT has experienced fluctuations of more than 20% from a stable currency several times, but in the end they were all harmless and never collapsed.
I have to say something nonsense here. If U collapses, the biggest beneficiary will still be BTC, because it has always been the biggest safe haven in the cryptocurrency circle. This will make its price reach a higher level, and a higher level will inevitably lead to a collapse. Obviously, it is not in the interests of the biggest beneficiary now.
Considering the big picture, now is the sad autumn of the real economy. Heads of state all over the world know that the current situation is to transfer the contradictions of the real economy to the virtual economy to hedge against the risk of inflation. In fact, I have been saying for several months that the US will definitely cut interest rates. This is one of their fundamental goals.
Look at the US stock market and gold prices, both of which are rapidly rising. The US has been curbing inflation by raising interest rates and promoting the economy by lowering interest rates. This is contradictory in itself and can no longer solve the fundamental problem. The most fundamental problem is that the Federal Reserve has too many dollars in circulation and cannot recover them.
Under such a premise, it is better to continue to promote the economy instead of suppressing it. The trends of US stocks and gold have already explained everything. Then, an economic crisis will be launched at a certain point, and everything will be solved at once. The cryptocurrency circle satisfies its fundamentals very well. If the price goes up very high, at most a Dutch tulip will appear, and the contradictions in the real economy will naturally be alleviated.
You also need to understand why money is valuable. Because it is backed by a credit certificate, which keeps the flow from bottom to top, and then from top to bottom, forming a cycle, so it is valuable.
Can you think of any president who doesn't want to achieve the Zhenguan Reign? No one wants to be President Hoover, which is a secondary point of this argument.
Finally: Every time the currency market plummets, it is like destroying the world. The final result is that winter is coming. No matter how cold this winter is, spring will always come in due time. The cold winter just makes those who have no faith fall before spring. Don’t let the cold winter ruin your mood of spring. Adjust your mentality, and the future will be better! SK65586
