Just got scolded Young people, if you think you can make money in the crypto world, you are definitely going to lose money.
So let me talk about why I firmly see a bearish outlook on 94199255190.
First of all, my bearish view on BTC is not about now, but about the future, everyone pay attention to this. Currently, BTC is the king of the crypto world, which has a symbolic significance.
Capital flow: In the early years, BTC still had a function for capital flow. Now, other coins, especially stablecoins and low-fee chains, are doing better.
Asset storage: BTC is actually a binary number of code architecture. Unlike gold and silver, which have stable chemical properties and can last far longer, for example, NVMe hard drives may lose their electrons after a few decades, thus losing BTC. In addition, BTC's market is extremely volatile, and the risk is on par with stocks. At least with stocks, you can participate in board decisions or share dividends.
Black swan: 51% attack, etc. I have posted about this in detail before.
Why am I bearish? It is too high. Look at Litecoin, which is just the second, and does not have the status of Ethereum. Do you understand? It is only because BTC is the first that it is special.
Therefore, my viewpoint is that BTC needs to make space for others to show that the crypto world can be evergreen and sustainable, with real Web3 applications and other values.
In fact, I am optimistic about $BNB and pessimistic about $BTC . BNB has Binance's continuous operation, continuous destruction, launchpool, launchpad, HODL, and benefits from Binance's profit sharing.
BTC, on the other hand, is facing soaring mining difficulty, miners unable to recover costs for electricity and network fees, and also needing to compete to buy ASIC mining machines.
A BTC crash is certain, just not right now. The general process:
A certain black swan event occurs, a large amount of BTC is sold off, crashing the price, and the mining difficulty causes returns to be unable to cover electricity costs -> BTC holders sell off to avoid losses in transactions -> it can be subjected to a 51% attack -> trust collapses.
This could possibly be something like WW3.
Additionally, BTC must remain large and cannot fail, even if it is currently losing. It is the face of the current cryptocurrency market.
Before it happens, I speculate that its top position will be weakened. If it loses its dominant position, then the end of BTC will begin.
However, I am optimistic about $BNB , betting that the cryptocurrency market will not have a single dominant player, but rather a hundred flowers blooming, with CZ as the ironclad and BTC as the flowing asset.
Family disgrace should not be made public, so I will post it on the square instead of Twitter. $HMSTR is online. The server is stuck. @Yi He . Please optimize it and let CZ come back in glory! #你有多少HMSTR? #HMSTR开盘 #新币挖矿已上线HMSTR #币安崩了
Everyone knows that $BTC has a famous 50% theory, right? If it controls 50% of the nodes in the network, it can issue coins at will, which will cause the network to lose trust, that is, it can tamper with transactions at will, or issue coins to itself.
So, with the difficulty of mining rising steadily and Bitcoin not rising, will more and more mining machines lose money as soon as they are turned on? What if miners don’t have much, throw away all of them and shut down directly? What if all the nodes are institutions that short BTC? The destruction of trust is terrible.
And the reason for all this is that Satoshi Nakamoto is anonymous and he cannot upgrade the network.
If it is really impossible to short the big cake, then when the black swan comes, I will increase my position in the second cake $ETH and support cz$BNB