Spicy BTC, delicious!

In a jubilant atmosphere, it took two and a half years for the market to return to the 65,000 level. The last time was in November 21, when it reached 6.9W. It only took 2 and a half years. Bitcoin’s ability to create wealth is indeed very strong. I think it is enough to outperform any other asset in the world.

This price is close to the previous high in history. The current market is a short squeeze market. If these people are not exploded and the liquidity is removed, the liquidity will not decrease. Many people who have opened short positions and carried orders must be very uncomfortable now. Those who have no chips in the bull market are the most uncomfortable.

There are two ways to lose money in the bull market:

1. The first one is the bull market contract. The fluctuation range of the bull market is very large, and it will fluctuate in a wide range, especially for short selling. This is more dangerous. Many newcomers come in because they are attracted by the myth of the contract.

2. It’s a high position when you come in. You buy but don’t know how to sell. It’s normal to sell in the bull market. Not to mention last year, this year I just sold WLD. Fortunately, I got python, bch, Matthew, etc. later.

It is correct to reduce positions slowly at this position. After all, profits often need to be pocketed.

When it comes to investing, it’s better to be vaguely right than to be precisely wrong (Buffett). Many times the investment situation we face is not simply black and white, but "prejudgment in advance" and "hindsight" that have been in the fog for a long time. In the fog, we can only make judgments based on intuition and feeling.

Now BTC is like Sichuan hot pot, it is spicy and fragrant, and it tastes addictive. I also like to eat it, but eating too much will cause diarrhea and pain in the anus.