Suddenly I feel that it is very difficult for the leeks in the cryptocurrency circle to buy at the bottom, and even if they do buy at the bottom, it is difficult to hold on to it, but it is very easy to hold on to the coins at the top.
Those who keep shouting bullish are the idiots who didn’t escape the top in March, especially those idiot big Vs and KOLs who kept shouting “go, go, go, buy, buy” in March. If they are not lackeys of the exchanges and project teams, they are really idiots! I don’t know if there are any B-faced big Vs and KOLs who post articles every day and set up paid groups. They are all idiots who harm the people who follow them.
As for those so-called big Vs or kols who did not post in the Square in March to remind people to clear their positions and escape the top, I wonder if they still have the nerve to continue posting on any platform. I advise them not to post anymore. I also advise those who followed such big Vs or kols before to unfollow and block them, so as to avoid being misled into taking over the market later, because there is a high probability that most of them are lackeys of the market makers, project parties or exchanges!
Those who only play spot or mainly play spot are not qualified to analyze market trends, because most of them are brainlessly shouting for bullishness, shouting for hundreds of thousands or even higher. Such KOLs and big Vs have cheated a lot of people. In March, they should have shouted people to clear their positions, but there were too many stupid KOLs and big Vs who brainlessly shouted for bullishness. Such people even have the nerve to set up paid groups. Therefore, anyone who did not remind members to clear their positions and escape the top in March should defend their rights and get their membership fees back!
I hope Binance can come up with a setting that allows retail investors to block the square, so that people who don’t want to see the square can choose to block the square with one click, which is more humane.
For those who did not escape the top in mid-March, I advise you to cash out the remaining money, cancel your account, and then quietly leave the cryptocurrency circle. If you continue to play, even if there is a big rise, you are destined to not escape the top in the end and lose more money. It is far better to stop now. I also advise those who have not entered the cryptocurrency circle yet, and those who want to enter after listening to what others have said, don't come in. Just do what you should do honestly, work hard, cherish your wealth, and stay away from the cryptocurrency circle!
Should we crash the market and force those who received compensation to hand over their chips? Or should we lock them up and make them reluctant to sell?
Bitcoin critic Peter Schiff recently analyzed the Bitcoin community's "wrong logic" about the U.S. Treasury bond, arguing that there is a fundamental misunderstanding in the view that the price of Bitcoin will soar to millions. He questioned whether it would really be feasible for the U.S. government to repay the national debt by purchasing Bitcoin, and emphasized that there is a paradox in the investment philosophy of holding Bitcoin without selling it, which could make investors poor while accumulating Bitcoin. In addition, he strongly opposed the idea proposed by Wyoming Senator Cynthia Loomis to buy Bitcoin with $7 billion, arguing that this would only exacerbate the debt and inflation problems in the United States. Key Points - Peter Schiff's argument that the price of Bitcoin will reach millions is "wrong". - He questioned whether the government could buy Bitcoin and sell it 20 years later to repay the debt without causing inflation. - Schiff pointed out that it is contradictory to believe that the price of Bitcoin will rise due to inflation, but that the government can solve the debt problem with Bitcoin. - He opposed President Trump and Michael Saylor's investment philosophy of "never sell Bitcoin" and questioned its necessity. - Schiff said that this no-sale strategy could lead to investor poverty without actually achieving the goal of investment. - He strongly opposed Senator Loomis' proposal to use US foreign exchange reserves to buy Bitcoin, arguing that this would increase debt. - He warned that the additional expenditures incurred by buying Bitcoin would likely lead to a greater lack of financial reserves in the United States, thereby exacerbating financial instability.
The Americans maintained high interest rates and pushed the market to a new high last year. Many of the copycats were short-lived opportunities. The ones that rose well eventually fell back to the lowest level. Now that the UK is bankrupt, it seems that the Americans' purpose has begun to emerge. The purpose of the previous round of increases was to use the market to drain the liquidity of more countries or regions. The epidemic has already made many industries difficult, and this move by the Americans has made the funds of other domestic industries even tighter. The UK said it was going bankrupt, so who will be the next one?
Many people say that Auntie is not as good as Big Bread, and that Auntie's performance is rubbish. In fact, their performance is the same. From the previous bear market low to the high point of this round of rise, the increase multiples are basically the same. The difference is that they are not synchronized. When Auntie hit a low point in the previous bear market, Big Bread did not. After FTX exploded, when Big Bread hit a low point, Auntie did not follow. So you can't say that Auntie is rubbish!
In addition, when Big Bread did not have a very high increase multiple, how could Auntie follow? In addition, the United States has not cut interest rates and released water. If Auntie rises sharply again, it means that the Shanzhai will take off. Whether it is a new coin or an old coin, there is no money to pull the market. Even if the dealer institution has money, it will not take it out to pull all the Shanzhai for charity. Charity depends on the Fed's release of water, so that retail traders can also go to the bank to borrow money. Auntie takes off and the Shanzhai takes off!