Hope and faith are among the driving forces of markets, but they are also the source of the greatest risk because they are often based on an uncertain future.
What are your hopes now?
1️⃣The United States loosens its monetary policy, cuts interest rates, increases employment, and reduces inflation. This way, everyone earns more money, the opportunity cost of investment becomes lower, the cost of living decreases, and finally, there is spare money flowing into the cryptocurrency circle.
2️⃣ Trump was elected. It is conducive to regulation, allowing more people to see it, and more countries to follow the United States in opening the door to cryptocurrencies. More people and more money will flow into the cryptocurrency circle.
3️⃣ According to past data, the bull market will start half a year after Bitcoin halving. This is metaphysics.
Our current news and public opinion are also constantly injecting a shot of hope and faith into our hearts. The data from the United States this month is not good, so we can wait until next month. Powell's every expression and every answer can be used to make a big fuss, saying that it will be better soon. The first quarter said the second quarter, the second quarter said the third quarter, and now it is almost the third quarter. Trump's optimism about the cryptocurrency market has begun to be reported on a large scale, making everyone look forward to the possibilities after the election.
But let’s think rationally about what causes the explosion of any industry, narrative, or track? (Not limited to the cryptocurrency circle)
👉 New Energy - Tesla cars are running all over the United States, and they have decided to open source their technology. Musk's words "accelerate the world's transition to sustainable energy" have become true.
👉AI - ChatGPT appeared, and everyone finally knew what AI and I could bring to me.
👉Mobile Internet - The emergence of unlimited APPs has changed our daily lives.
👉Blockchain - The launch of DeFi products (ICO attracted a lot of people at the time, but quite a few left in 2019, and even if they didn’t clear their positions, they were definitely stuck at high levels), and everyone saw the possibility of decentralization.
The success of every industry is inseparable from the promotion of practical applications and technological breakthroughs. What is there in the cryptocurrency world now? Or let's not get stuck in the cryptocurrency world. Let's think about VR/MR/AR/metaverse. Isn't the reason why they are not widely sought after now that we haven't seen the application landing?
We need to know that everything we see is what others want us to see. Is it possible that what we think is also what others want us to think?
Don't let the media, institutions, or big investors influence your views. Sort out your own investment logic, do a good job of risk control before investing, continue learning, adopt a long-term approach, and make friends with time.
