Attention!!! Attention!!!
The inevitability of market collapse!!!
If a market does not have young people joining, it will definitely collapse. Just like the stamp collecting market, it was very popular in the 1980s because stamps could appreciate in value, but later, with the development of communication technology and the over-issuance of stamps, stamps quickly became worthless.
In 1997, there were 17 million stamp collectors, but now there may be only a few hundred thousand. Not only did the stamps in the hands of many stamp collectors not appreciate in value, but they had to sell them at a discount, almost like waste paper.
Let's look at Moutai. It used to be popular because of public spending, and after the state rectification, it turned to the private sector. But now young people don't drink Moutai. The ex-factory price is 1,499 yuan, and it costs 2,000-3,000 yuan to buy it. Such a high premium cannot be supported. There are also reports that Moutai officials cannot distinguish between real and fake wine.
These examples illustrate a rule: When the market starts to heat up, early investors make money, and as more new investors enter, prices rise; then supply and demand become unbalanced, over-issuance and fraud occur, bubbles grow, and young people don't take over, and the market collapses.
Only by understanding the changes in market cycles can we understand what is happening now.
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