There are so many transactions in the market because people's judgments on prices are biased.
People who have been on Bitcoin for 7 years will feel that today’s price is very reasonable. US$70,000 is just a break from the previous high and squeezed out the previous bubble.
Newbie friends will think that the current price is 70,000 US dollars. This thing cannot be eaten or used. Why is it so valuable? It must be a trick to cut leeks.
When Bitcoins are worth 5 million or 10 million each, these newcomers will feel that the previous price of US$70,000 is too cheap.
Let’s just talk about people who recently got on the bus and bought Bitcoin. If Bitcoin is now $30,000, then after these three months of accumulation, as long as he understands Bitcoin and perceives price changes in this market, he will feel that $30,000 is actually very cheap.
People are both sensitive and forgetful about prices. The price of Bitcoin today is US$50,000-70,000. People who buy from the bottom will not think it is expensive, they think this is its normal price.
Many people ask me what I think of the market after the Bitcoin halving.
Bitcoin will be halved in 32 days.
The halving is actually a clear sign. This thing is certain and will definitely happen. In other words, this thing is real. Will the price rise or fall? This thing has not happened, which means that this thing is fake. It will take time to verify. So guessing is useless. Anyone who plays contracts and guesses prices to see market changes is just guessing, and they can’t make money in the long run by guessing. You must be sure of this.
Let me talk about it in three situations.
The first. Assuming that the price will break the previous 73,700 knives before the halving, this is very possible, because the currency market changes very quickly, basically calculated in days. If it reaches 90,000 knives or 100,000 knives all at once, then At this time, the price will definitely fall back. The faster it rises and there are not enough people coming in, it will definitely fall back. People who bought it recently will think it is expensive. The price changes too fast, and then it will start to fall back. This is a normal situation. . So if this happens and you want to sell a little, it's not impossible. The price rises too fast and too high. There are not enough people and insufficient funds, and the price cannot be supported.
The second type is that the price fluctuates, hovering between 60,000 and 70,000, slowly rising a little, rising a little, and finally the price reaches about 80,000 in 2 months, then 90,000 in half a month, and finally 90,000 in 7 days. It has reached 100,000, which is a very healthy situation, because the price takes time to digest. As long as after a period of time, people think that 70,000 Bitcoins are cheap, then no one will sell it at this time, and it will be the website owner. . Why was Bitcoin unable to fall when it fell to 15,500 during the bear market? The trading volume increased sharply, exceeding the trading volume of Bitcoin in any short period of time. This is because most people think it is too cheap. People who thought 20,000 was expensive before , I have completely forgotten this matter. As long as this happens, then the market will be completely bull market at this time. Now we say the bull market is relative to the previous bear market. If the bull market has not ended, we will have no way of knowing the current bull market. To what extent. Then this situation is the best situation, and it can be held by many people. Many people are prone to short selling because the price changes too fast and their anchoring point on the price cannot keep up. But if you give them some time, their anchoring point will be reset. The market has such a function. Through certain Time is available to correct mental perception.
The third situation is that after the halving, it will remain unchanged for the time being, and it will still be 60,000-70,000, slowly waiting for a new narrative in the market, or it will fall first, so that many people will shut down their mining machines and let more powerful miners It is possible to make more money, and eventually recover slowly, and finally bring a bigger bull market narrative, rush to 150,000 US dollars in 3 months, challenge 200,000 US dollars, if the mood is enough FOMO, then challenge 300,000 US dollars It is not impossible for the market to eventually fall back and end the bull market.
A bull market must only be realized with hindsight. If you know that it is an absolute bull market at this moment, then you have a God's perspective. If you know, then of course you can sell the currency in your hand. Buy it back in a bear market, but most people can't do this. Who knows if we are at the peak of the bull market now? I can only say that we are in the early to mid-term of the bull market. Once the halving is over, it will basically be the mid-term. The price will definitely surge upward at a certain point in time. We cannot predict how much it can surge. Arrived. When it will end and whether there will be a complete bull market, we must look back in hindsight to know. This is the biggest difficulty in this matter. When you are in this field, your whole being is in chaos, and you cannot see the end of the road ahead. Newbie friends may not understand what I mean, but friends who have walked past will definitely know what I mean. What's the meaning.
Friends who have coins in their hands, people who make money at this time should be the most excited and want to sell some to improve their lives. I advise you to hold on and wait a little longer. If you must sell and can’t hold it anymore, wait 2 months after the halving. Calm down first, stay away from the price center, and let your mind lose its anchor point on prices. Do more arbitrage and work hard to increase your income.
Now, making money is the most important thing in the world, spending money is a matter of the future, so take your time.
Please believe that everything I said is wrong
I've finished writing, come on. I am a masseur in Circle B, an old leek who sincerely wishes you to get rich in the currency circle.
