Cryptographic cancer cells have spread and there is no cure

The madman said

Now is an age of information explosion. Every day we wake up, all kinds of news pop up. “Choice” has become the standard of life. People live in continuous “choices” every day, and some people can live a life that seems effortless, precisely because they have chosen the right track of life over and over again, chose the right track of their industry, and walk at the cutting edge of society, and the foundation of all of this is continuous learning. These seem effortless; in fact, they are only a superficial result of what you can see. Most people who can make money are due to continuous accumulation, then wait for the wind to come, and complete wealth that is difficult for others to obtain in one go. We must believe that no one can earn wealth beyond recognition, so don't blame others, let alone be envious or jealous of other people's lives. Finding the reason for everything from within yourself, constantly reflecting and improving, and making yourself a stronger person is the best way to continue to advance and upgrade in your life. Mad People also thanks everyone once again for being able to continue “choosing” Mad Men on the way to coin trading. To avoid losing your connection, please remember to follow Weibo: Digital Currency Trend Fanatic. Once you lose your connection, it's the only entrance to find the madman.

Tesla made 101 million US dollars by trading bitcoins in the first quarter. Musk said they spent a total of 10% of their positions, which increased Tesla's profits. As soon as this news came out, the industry went viral. “Isn't the richest man in Malaysia playing with us? I bought it myself, ordered it and finished shipping”. Musk then stated that he did not sell any bitcoins; Tesla sold bitcoins to prove the liquidity of bitcoin as a cash substitute. Meanwhile, Tesla's CFO stated that the company is optimistic about the long-term value of Bitcoin and will continue to invest in Bitcoin. The two major US institutions, Coinbase and Tesla, haven't really seen any beliefs until now. When Coinbase went public, they began selling some of the unlocked shares, and Tesla ended up profiting when it saw a sharp rise in currency prices. Although neither of these companies shipped very much, this speculative nature shows the agency's view on Bitcoin. American institutions are not buying bitcoins to benefit the world; they will definitely choose to ship them when they reach a certain location, so there is no need to listen to those people shouting all over the sky every day; no one escapes humanity in the face of reality. For us, expectations don't have to be that high; just make the money we think is right. The bull market won't last forever, and we cherish the good days ahead.

Under constant regulatory pressure in South Korea, the kimchi premium has once again risen to 5%; Bitcoin peer-to-peer transactions have increased 27% since Nigeria's central bank ban; Bitcoin searches reached a new high after Turkey banned cryptocurrency payments. In fact, we tried this as early as 17 years ago. At that time, all exchanges were removed, and the number of people who stayed in the market was still there, and the number of investors gradually increased. Cryptocurrency is like the spread of cancer cells. It cannot be removed or removed, so in the end, we can only choose to hug it. This also means that Bitcoin will bring the industry a higher market value in the future.

Countries are on the way to levy taxes on the crypto industry. For example, the US will levy a tax on the rich, South Korea will levy a capital gains tax on cryptocurrencies next year, and the Indonesian Commodity Futures Trading Supervisory Authority plans to tax cryptocurrency transactions. These are all long-term benefits. As long as taxation means compliance, the subsequent influx of capital is the most important thing.

J.P. Morgan Chase will issue an actively managed Bitcoin fund. The entry of this large institution should once again lower the Bitcoin investment threshold for global investors. However, this fund does not buy positions, but rather sucks high and low. The entry of institutions means that it will be harder and harder to earn money in the market. In the future, they will not be playing bayonets with a group of Xiaobai, but with a group of superinstitutions with 100 years of trading experience. Are you afraid?

Motorhome dealer Camping World has partnered with Bitpay to accept crypto payments. Nigerian hotel George Residence invests 50% of its cash reserves in Bitcoin. These all indicate that the crypto industry is still booming, and we don't need to panic ourselves.

The profit of the Coincheck exchange increased 20 times in the last fiscal year. These crypto exchanges were all swine pigs. They made crazy money in the bull market and reaped industry dividends. However, in the future, they will be in the same cyclical industry as brokerage firms, and they will not make this much money at any time.

Market analysis

Bitcoin:

Bitcoin's rebound today has begun to weaken, and the USDT premium rate has dropped sharply, so we can think of today's rebound as a stock game. There is no new external capital in the market, so the continuation of this rebound will not be very strong. Mad people expect 53000-55500 to fluctuate repeatedly from today to tomorrow, making it difficult to experience a sharp rise or pullback. Just throw high and low on your own.

ETH:

It fluctuated near the previous high, and there was not much energy. Basically, there was no selling pressure. The probability of continuing to reach a new high in the future is still quite high.

DOT:

It rebounded to the pressure level, mainly due to simultaneous oscillations.

XRP:

Today's sharp rise is a bit surprising. 1.5 is strong pressure. If you stand up easily, you can consider catching up.

LINK:

Mainly a slight rebound.

BCH:

Linkage oscillation.

ADA:

The rebound is still ongoing, and holdings are the main focus.

TRX:

There are people who protect the market when it falls, so when it rebounds, the capital will naturally go up and hold it first.

XMR:

Near a new high, the trend is strong, and holdings are the main focus.

DOGE:

Mainly shocks.

CFX:

The daily line has formed a small double bottom. Investors' unlocking vote was delayed, so there shouldn't be much selling pressure in the past few months. The rebound is fine. Hold it first. If you want to continue to rise, you need to shake it up again.

UNI:

It's also a record high. Defi is currently the most definitive investment opportunity. It has recently risen on a large scale, so if you have it in stock, take it first.

On the way to a rebound, an earthquake is normal. As long as there is no continuous supply, a continued rebound after the shock is still a probable event. Every time there is a pullback, the car will still be the main thing.

That's all for today, see you tomorrow~!