'Hugging the tree and waiting for the rabbit' to hit Bitcoin

The concept of "hugging the tree and waiting for the rabbit" in the context of Bitcoin investment is often used to refer to the situation where investors wait for an increase in value without a specific investment plan or full understanding of the market. According to some opinions, Bitcoin's price fluctuations mainly come from speculative behavior, not from its real value. Experts also warn that Bitcoin's value is not backed by any real assets, making it susceptible to manipulation.

Studies show that only about 2-3% of Bitcoin accounts are controlling up to 95% of transactions on the market, which shows uneven distribution and potential risk of manipulation. In the current context, when Bitcoin price reached a record of more than $93,400, many investors may feel excited but need to be careful with the risk of strong sell-offs in the future. This price increase does not necessarily reflect the actual value of Bitcoin, but is mainly a product of investor sentiment.

Therefore, investors should have a clear understanding of the market and should avoid investing without adequate planning and knowledge to minimize risks.