I agree with him very much. In China, especially outside the circle, there is always such news, especially in the news. They said that the virtual currency chaos is facing unprecedented severe rectification, especially because the relevant departments of the central bank recently interviewed some banks and payment institutions on the issue of providing services for virtual currency trading speculation, which means that not only ICO (first token issuance), but also off-exchange transactions of virtual currencies such as Bitcoin will be strictly investigated, and the China government is comprehensively rectifying the virtual currency chaos.
These media said that this round of rectification is not sudden, and there is a clear context to be found. It is closely related to the deepening of decision makers' understanding of virtual currency, the constant exposure of risks contained in virtual currency, the prevention and upgrading of financial risks, and the low-carbon transformation of economy and society. China government's attitude towards virtual currency is consistent and keeps pace with the times. Strict supervision and risk prevention have always been the main tone. The Notice on Preventing Bitcoin Risks was issued from 20 13 to 20 17, and then in mid-May this year, China Internet Finance Association, China Banking Association and China Payment and Clearing Association jointly issued a notice, reminding the speculative risks of virtual currency transactions, and the direction remained unchanged.
It is also these news that have caused a large number of newcomers to be afraid of being supervised. There was a panic, and these emotional behaviors were actually the result of emotions. However, we can't deny that when it is difficult to withdraw money, everyone's money has actually changed from various currencies to stable currencies such as USDT. As long as the market starts, these dollars can be exchanged for soaring currencies. So there's no need to get emotional. You're still hurting yourself.
Since last week, asset management companies' long bets on bitcoin futures have increased by 35%, exceeding 500 contracts for the first time since the fourth quarter of 2020. Investors were long in the autumn of 2020, and they were long most of the time in June 5438+February, but they were short almost all this year. Now they are watching more. Although it is still short, it is much lower than last month because it is more and more bullish. CFTC data shows that there are 7000 short positions and 6000 long positions. Since the price of Bitcoin is around $30,000, the short position seems to be giving in.
Therefore, in the face of the market, we will hand over our chips when we panic, and we will get everything you want when we think rationally. Alex Mashinsky, CEO and co-founder of Celsius, an encrypted lending platform, said that Bitcoin will reach $65,438+$060,000 this year. If everyone said so in early May, no one would doubt it. Now, most people are skeptical. However, the mood will change. As long as the market or other more positive news appears, it will definitely drive the market up. It is not difficult to spend $65,438+$6,000, which is about five times the current price. Moreover, the overall foreign market is still very stable. After the mine lands, it will definitely drive the market sentiment to improve, and then Bitcoin will return again. As long as domestic traders see the rise of Bitcoin and make huge profits, any blow can be made to them.
If there is an investment that can get a return of 10%, everyone will participate. More than 30%, everyone will flock. If it exceeds 100%, then you can take risks. Coin circle is 10 times profit, and 1000% income. Who will give up?
To tell the truth, the investment currency circle is the simplest profiteering product. This smell is that people in the currency circle will not leave after they come, even if they suffer serious losses, they will not leave in despair. Then, there will only be more and more people in the currency circle, and these newcomers are the new force to expand the market.
Many newcomers are new leeks. You're just cutting leeks. In fact, this idea is wrong. If any investment product wants to make money, there will be losses and gains, but it is very simple to buy in a bear market and sell in a bull market. The only thing is that you should control your mentality. Even if the control is not good, you will definitely earn the money you deserve after market tempering. So, no matter when you come in, it's not too late. This circle is still too small and will be the cornerstone of development for a long time to come. Everyone has a chance. Don't be too greedy, don't operate blindly, and you will definitely make a lot of money easily.
Everything on the policy side has been going on for a period of time, and this state has revealed opportunities in the market. If the bull market ends soon, you will get relatively few low-priced chips. If the bull market continues, isn't it time for you to make up your position?
In fact, every time China suppresses the currency circle, it is a good opportunity. While you are still panicking, others have chosen to enter the arena again. When 17 hit, the low-priced chips that bold people got at that time were the reason why they made a lot of money in the bull market.
When you are still emotionally stuck, some people have already taken action. When you are still rising, others have already shipped at a high level. Investment is very simple, especially simple, that is, buy low and sell high, but few people do this well.
So in the next July, Ethereum will definitely make efforts. At least in my opinion, there are many projects in the layout of Ethereum 2.0, and the future market will definitely lead the market to be positive, instead of entering a bear market in panic.
And really entering a bear market will never make you feel that you have entered a bear market. When everyone is crazy, it's time for you to do it, and now, ...