$BTC$BTC Respect the market, be cautious when opening positions. Over the years, how many black swan events have you experienced? I heard about Bitcoin in 2013, when it wasn't very popular in our country. At that time, I knew of a rather obscure website where global illegal trades were conducted, and transactions were done using Bitcoin. Later, in 2015, I heard that Bitcoin had value; I forgot how much exactly, and I didn't pay much attention. In 2016, due to my involvement with funding platforms, I officially learned about Bitcoin. In 2017, I bought dozens, but that year our country cleared the market, expelling well-known exchanges from the mainland, which led to a significant drop (now it is taken over by Binance). This was my first encounter with a black swan. The second was in 2020 when the global economy was poor, leading to a decline. The third was the May 19 incident in 2021, when Musk drove the prices of Dogecoin and Shiba Inu to astronomical levels, stating that Bitcoin could be used to purchase Tesla. As the world's richest man, his statements had a lot of influence, leading a large number of retail investors to flood into the market, believing that the spring of cryptocurrency had arrived. However, the bull market suddenly turned bearish, with daily declines of 30%, lasting for quite a while. I remember it lasted at least a month, and my millions of FIL dropped significantly. It turned out it was because Musk said he no longer supported virtual currencies, and Bitcoin could no longer be used to buy Tesla. What he could buy was not what he could not buy; a single word from the big shots moves millions of hearts, and it was all just to harvest retail investors, as they needed to build positions at the bottom. The fourth was the Luna incident in 2022, where the South Korean 'national currency' de-pegged, being targeted by Soros, leading to a drop from over 800 to starting at 0.000006, turning millions into only a few dollars (not completely gone, there was still hope; I could still afford breakfast the next day). The fifth was the FTX token (FTT) explosion in October of the same year, causing a significant drop. I heard that after Trump took office, he was going to release the explosive head, leading to a recent surge in FTT. Where is the next black swan? When will it happen? Why? It turns out that the so-called black swan is just a word from these big shots. The crypto circle is solid, but the retail investors come and go, being harvested batch after batch, using the same old tricks, tirelessly. Can you understand this? Including this time when Trump took office and called for buying in, what’s the difference from a few years ago when Musk called for buying in? Previously it was just him, now there is just an additional Trump, and in the end, it's still about harvesting retail investors!
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