#BTC走势分析 #加密市场反弹 #美国政府转移BTC #财富密码

The crypto market was shaken this week. On August 5, the price of BTC plummeted to $49,000, with the largest drop of 15 points that day.

It rebounded to more than 57,000 the next day, and then fell to 54,000. The current price is more than 57,000 US dollars.

No one can tell why there was a sharp drop on the 5th. The global economy is affecting each other, and both the currency market and the stock market have seen a sharp drop.

Among the market players, some had their contracts liquidated, some sold their spot positions, some bought at the bottom, and some held their positions and waited and watched. Some made profits while others lost money.

People who are good at seizing opportunities can increase their profits during fluctuations, but most people get confused and watch the market fall and rise again, thus missing out on the opportunity.

When there are huge fluctuations, risks contain opportunities.

This sharp drop caused the liquidation of several hundred million US dollars in contracts across the entire network, but some people opened in the right direction and realized dozens of times of profits.

For example, screenshots of margin calls and huge profits circulated in the community.

Some people suffered huge losses in the crash, opened contracts in the wrong direction and had their positions liquidated, causing their savings of 20 to 30 years to be wiped out overnight.

If a contract is lost, it is really lost and cannot be recovered. The loss is huge.

Some people also seized the opportunity and after the price bottomed out at 49,000, they opened a 125-fold long position at 49,200 and earned 500wu in a short period of time.

If you open the wrong direction, all your capital may explode in an instant, and your profit or loss will happen in a flash.

Chatting with friends outside the cryptocurrency circle, I introduced to them what blockchain and cryptocurrency are, and also introduced the recent volatile market conditions.

People outside the circle cannot understand why cryptocurrency has value, and why something that cannot be seen or touched called BTC is worth more than 400,000 yuan.

Cryptocurrency is built on consensus and is recognized by the majority of people. Only with consensus can value be formed. If the consensus becomes lower and lower, cryptocurrency will not be able to maintain its value and circulation and will continue to be paid attention to and hyped.

People outside the circle don’t want to come in or can’t come in. Some people inside the circle maintain their faith and become holders, some make profits by taking advantage of the market, and some continue to lose money.

If it goes up, it means change; if it goes down, it means Ponzi and scam. Only when more people recognize the value, build consensus, and are willing to participate, can the crypto market continue to develop and BTC become digital gold.

But there is no ultimate answer yet. Those who agree are still optimistic, while those who don’t understand or agree continue to wait and see, or hold the opposite view.

The development of any new thing takes time, the process is full of ups and downs, and it may succeed or fail.

Although we have seen that BTC has increased 190 times from $300 to $57,000 today 10 years ago, it remains to be seen whether it can maintain or grow in the next 10 years;

Those who enter the market now cannot get positive guarantees and there is huge uncertainty in the rate of return.

If you have faith and believe in the opportunities in the future crypto market, stay in it and gain potential profits, or you may lose your principal and participate in a social experiment.

Of course, the crypto market is not everything, it is just an investment method. You should consume when you should consume and cash out when you should cash out, so that you don’t lose everything in the end. It really becomes a simple experience.

Every change benefits only a few people, and I hope we will be among them; the game is not over yet, the answer has not been revealed yet, everything is in progress.

The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.