After Bitcoin broke through its previous high in March, it has not moved upward and has remained at 60,000-70,000 for three months.

Many people are worried that the bull market is over and have sold all their coins.

During the period from March to June, on May 1, the price plummeted to 55,600. I forgot what the news was.

On May 24, it plummeted to 58,400. The biggest negative factor was the BTC selling pressure paid by Mentougou.

So let’s put aside the superficial phenomena and talk about how great the pressure of selling in Mentougou is.

Mentougou lost 900,000 BTC that year, which caused a sharp drop in the price that year. At that time, the value was less than 500 million US dollars.

They recovered about 140,000.

As far as I understand, all debts are valued at the value at the time. I won’t say that I will pay it back 10 years later. If the price of something goes up to a sky-high level, I will pay it back based on today’s price.

The reason is simple. If you are asked to take it yourself, can you really get the price today in 10 years? If there are any, they are very few.

So I think Mentougou will not use the current value to pay compensation, because it doesn't make sense, and obviously they can also not do this,

I don’t have the ability to do this.

Only about 6,500 coins were paid to individuals, and the remaining 130,000 coins were not paid to individuals.

Those who can hold BTC until today and those who can really hold it actively obviously know the value of BTC.

Even if they want to sell all of them to improve their lives, let's assume they sell 70,000. That would be around $4.3 billion at today's prices.

On average, each exchange only has a small amount of money, which is not a big deal. The impact is extremely limited.

What is more likely is that this decline is just a burst of buying and a wash test.

The market makers need to release news to shake up the market and pull up the price, so as to form a force leaning towards one side. This way the cost is lower, and they cannot pull up the market if the market is too heavy.

Once on May 1 and once on June 24, twice already, the market did not start to plunge, the market voted most authentically with money.

Bitcoin has fallen 14% from its recent high, but altcoins have basically fallen 50%-90%.

The main reason for this is the lack of liquidity of copycats, because copycats are all bubbles and are not solid inside.

There are a few big market makers who are reluctant to sell their products, control the limited liquidity, and then use very little money to push up the price.

If you don't have the art of turning bubbles into assets, you will definitely not make this money, so it is better to stay away from it as soon as possible.

In fact, there are only a few people who make money from counterfeit goods. For most people, getting rich by buying counterfeit goods is an unattainable fantasy of wealth.

Before you buy a fake product and get rich, you should think about what you know that is different from others. If not, you will not make money.

When I buy altcoins, I basically leave when I make 50% profit. If I make 300%, I basically can’t hold on any longer, so I must prepare to exchange part of it for BTC.

If I make 30%, 50%, or 300% from altcoins, I will definitely switch to BTC.

Of course, there are also those who sell copycat stocks at a loss and sell them at a loss immediately without hesitation, but I will not hold them for a long time.

This morning, a member of the group asked me if sats can be held for a long time. I firmly answered: No.

Others exchange U.S. dollars to put it in their pockets, but I usually exchange BTC and put it in my wallet.

Follow hot spots, arbitrage, short sell. Anyway, all other forms of income can be exchanged for BTC, leaving living expenses that do not affect the quality of life.

Putting it in your wallet is the real way to hoard BTC. It is a safe way to make money in this market. It cannot be compared with others who make millions a month, but I am already very satisfied.

If the economic data released next week is favorable for interest rate cuts, then BTC may continue to rise. I thought it would break through the previous high in June. It may be that the market leverage is too heavy and it is not as expected. Now, even if BTC rises, it may continue to plummet. Through one plummet after another, the firm holders are consolidated. All those who play with bubbles are driven to the cottage, and then they are harvested through the cottage, and the money is used to hoard coins. The market is basically a game like this.

It is impossible to predict whether the stock will rise or fall. All we can do is hold on to it.

The closer we get to this point, the more we have to hold on.

In a year at most, your wealth will either remain the same or increase by a single digit.

We will know the answer within this year.

Blast is going to launch an airdrop. Those who bought Blur to pledge and earn airdrop points will probably lose money. When the entire NFT track is not going well, it is meaningless to be the leader. #Mt.Gox #PEPEUSDT $SOL $BTC