$BTC #假如我是说假如 "Lao Zhao, have you heard? This wave of Bitcoin is going to soar into the sky. Market rules and so on are all floating clouds." Xiao Li rubbed his hands excitedly, his eyes flashing with unrealistic longing for wealth.
Lao Zhao took a sip of tea, with a barely perceptible smile on his lips, "Xiao Li, do you think Hayek's big hand is a decoration? Market rules, invisible hands, are much more accurate than your and my predictions. No matter how mythical Bitcoin is, it can't escape the palm of the economic cycle."
"Come on, Lao Zhao, this time is different. Blockchain technology, decentralization, this is revolutionary." Xiao Li posed as an expert, gesturing with his fingers in the air, trying to outline a new world outside the free market economy.
Lao Zhao tapped the table lightly, "Revolution? This is a popular saying before every bubble. Remember tulips? Remember the Internet bubble? History will not lie, people are always forgetful. Although Bitcoin is new, human nature remains unchanged, and greed and fear will always be the driving force of the market."
Xiao Li was not convinced, "But now is the digital age, information is transparent, efficiency is improved, and the value of Bitcoin will naturally rise."
"Information transparency? Don't forget that information can also be manipulated. Look at those ICO scams, market manipulation cases, and the independent market of Bitcoin. They are nothing more than the collective fantasy of bankers and speculators." Lao Zhao spoke earnestly, and every word was like a heavy hammer against blind optimism.
"Okay, even if what you said makes sense, what should I do? Don't participate at all?" Xiao Li seemed a little shaken, but still unwilling to give up the dream of getting rich.
"You can participate, but you must respect the market and invest rationally. Remember, it is the market that determines value, not slogans. Read more "The Road to Serfdom" to understand Hayek's free market economic theory. Although the big hand is invisible, it always controls everything."
