The current situation of the cryptocurrency circle!!!
In my opinion, it is really irrational that many people are now enthusiastically discussing dropping out of school and quitting their jobs to speculate in cryptocurrencies. How can speculation in cryptocurrencies make people quickly achieve financial freedom? This is purely a risky and unrealistic idea.
Some people also fantasize about an eternal bull market. Large institutions predict that BTC can reach more than 1 million US dollars. This is too exaggerated.
Although blockchain technology has certain prospects, it is not necessary to publicize that a revolution is coming everywhere.
From another perspective, those so-called bear market bottoming signals may not be completely accurate. For example, when good news comes but the market does not rise, and no one cares, this may only be a temporary market fatigue, and it does not necessarily mean that the bear market has bottomed out.
People are fighting and eating melons everywhere, and they don’t pay attention to market trends. This can only mean that everyone’s focus has shifted, and it cannot be confirmed that the bear market has bottomed out.
Many people have quit the circle, big Vs have stopped updating, no one speaks in group chats, and everyone thinks that blockchain is a scam. These phenomena do reflect the pessimism of the market, but it cannot be concluded that the bear market has bottomed out.
In short, we should remain rational in the currency market, not blindly follow the trend, and make investment decisions carefully.
