Hello brothers, I am trader Zhu Yici. After the brutal baptism of the crash, many friends were forced to leave the market. This is what I heard the most in the past two days. On August 5, the day of the crash, I deposited money frantically and bought almost all the U that my friends were willing to sell to me. The fear was not relieved until the liquidation price became 0.
The market will always go to more extremes than most people think, so that it can harvest enough people. As for how the market will go after the crash, I am also quite confused. The mainstream view in the market is that it will go through a second exploration, and then fluctuate and consolidate for a long time before taking a direction.
I now feel more and more that the future of the cryptocurrency circle does not depend on the cryptocurrency circle itself. The current external economic environment is very bad. The future of the US economy affects large and small risk asset markets, and the cryptocurrency circle is just going with the flow.
Of course, it is undeniable that the mainstream assets in the cryptocurrency circle, Bitcoin and Ethereum, are becoming more and more recognized, and there is even the possibility of being promoted to the US strategic reserve. The fantasy hypothesis at that time seems to have really come true one day.
There seems to be even less hope for the future of altcoins. After the peak in March, it seems like it is staging a Waterloo, experiencing a ghost story of being cut in half, cut in half, and cut in half again. What's more terrifying is that even though the current market value still looks so high, one can't help but wonder why this broken thing is worth so much money.
Do we still have a bright future? I feel anxious about this!
