Witness history!
The stock price of Buffett's company Berkshire Hathaway suffered a huge drop in an instant, from $622,000 to $185.1, which aroused widespread attention and speculation. Some people questioned that this was a technical problem of the exchange, and some people worried about the conspiracy behind it. The ripple effect of this stock price plunge caused BTC (Bitcoin), which had just broken through $72,000, to fall back instantly, and many long positions that chased more were hit hard.
However, for this incident, Wu Ge believed that it was more likely to be caused by technical problems of the exchange. He emphasized that this technical fluctuation had a temporary impact on the overall trend of BTC, and believed that the price of BTC would gradually return to normal.
In the field of investment, especially in high-risk markets such as cryptocurrencies, a sound strategy is particularly important. Wu Ge reminded investors that if you don't take more at a low level, don't blindly chase high. Without sufficient research and a sound strategy, you will easily face the risk of liquidation.
For the next strategy, Wu Ge suggested that everyone should keep an eye on it and wait for the market to stabilize before making a decision. Investment is a marathon, not a sprint, and a steady pace and lasting patience are the key to success.