If you can't beat me to death, it will eventually make me stronger
The madman said
The global downturn is raging, and Bitcoin is dead in the eyes of many newcomers. Many people will ask, “How can I withdraw my money in the future?” “What if Bitcoin is not allowed to be speculated?” “” What should I do with my coins when Huobi OK closes? “Many people experienced these problems firsthand in 2017. The fear at that time was far greater than now, because the fear of 94 came from fear of unknown uncertainty. Cryptocurrency at the time was not that global, but was very Chinese. If Huobi and OK were removed from the market, then most tokens would be directly reduced to zero coins. Do we have this kind of anxiety now? Nothing! Since any exchange in the world can successfully sell your coins, which includes the stablecoin to fiat currency process, I don't know where these people's anxiety comes from. Mad people don't have any feelings about this. Seeing everyone withdraw money in a panic and smash the market in a panic, they just smiled heartily. Because Mad People knew that in the second half of this year, the market would send everyone rice and meat again.
However, after all, the policy has been tightened again, and we have to prevent more regulatory documents from being issued later. In a state of market panic, any shortfall will cause a wave of market damage, so now everyone should manage their positions well, especially not to participate in the market with leverage. Be a friend of time. After this wave of storms, what appears in the sky will still be a rainbow.
Some of the world's super weak points within 24 hours:
Hong Kong plans to limit cryptocurrency exchange services to professional investors, which means that most ordinary investors will be evicted from Hong Kong by the Hong Kong Financial Services Authority, which is equivalent to the Hong Kong version 94;
Greenpeace says it will stop accepting Bitcoin donations because of public concerns about Bitcoin's energy consumption. It shows that the market will reach a certain consensus on Bitcoin's carbon emissions in the future. Although fanatics think this concern is ridiculous, after all, it will take time and data to correct these erroneous opinions;
At the 51st meeting of the Financial Stability and Development Committee, we mentioned cracking down on Bitcoin mining and trading, and resolutely preventing individual risks from being transmitted to the social sector. This incident will have a huge impact on the mining industry domestically. Since China removed all cryptocurrency exchanges in '17, '94, the impact on the coin industry is actually relatively limited. This news was also the culprit of yesterday's sharp drop, causing many domestic investors to quickly panic and crash their withdrawals. USDT once fell above 5 US dollars, and cheap chips took their hands off people;
The scale of Biden's infrastructure bill was reduced from 300 million US dollars to 1.7 trillion US dollars, easing expectations weakened, and the market was under selling pressure;
Two Bitcoin ETFs in Canada issued a “market disruption” alert because futures prices are likely to remain below their lower limits at the end of trading. This is an alert from the Bitcoin ETF. It will take time to witness whether the financial market can actually carry Bitcoin's fluctuations;
The market continues to plummet, but the lunatics have also seen quite a few benefits:
The CEO of MicroStrategy said he bought some more bitcoins on Square Cash and felt very satisfied. This dude took advantage of the decline to buy and buy; they already had 110,000 units;
SEC member “Crypto Mom” believes that the US should have approved a Bitcoin ETF a long time ago. Once the US Bitcoin ETF is passed, it will quickly reverse the current panic;
China's crackdown on the mining industry will fundamentally reduce the carbon footprint of Bitcoin mining, making other Bitcoin miners more profitable and more environmentally friendly. Judging from the global landscape, this is really good news;
The founder of Gemini said that ignoring all fears, mainstream institutions are in fact turning to cryptocurrencies. Mad people agree very much with this view. Things that exist objectively are the real major trends; don't let market fluctuations change their original trading plans;
Federal Reserve Daly said that inflation is expected to continue to rise in 2021. This is about the same as the Madman predicted yesterday, so this year's general environment is fine;
Federal Reserve Huck said that cryptocurrencies are not sufficient to pose a risk to financial stability. This is the response given by the Federal Reserve after our negative documents came out last night, which is clearly beneficial to stabilizing sentiment;
The founder of Glassnode said that wallets related to Bitcoin's OTC transactions surged 10,292 bitcoins on Wednesday and rose to 1,056 on Thursday, the highest level in nearly half a year. This means that institutions are once again experiencing strong demand, this low will not last long, and prices will rise again. This is a data-backed result, and it's very trustworthy!
Domino's Pizza employees in the US can choose to pay their salary in Bitcoin.
Things are always two-sided, and there are advantages when there are advantages, so the saying that crazy people often talk about is that every advantage is good! When all the big moves have been used and the enemy is not knocked down, you will face a crazy backlash.
The panic index is 12. It is still extreme panic, and it is an area where opportunities outweigh risks.
American entertainment mogul Barry Diller believes that digital assets are a scam. Finally, they are no longer happy. When more people are hopeless, it is time to rise.
Market analysis
Bitcoin:
With the support of the downside, Bitcoin has completed a second round of exploration ahead of schedule, so the market is likely to rebound in the future, but the recent market fluctuation is huge. If we don't know how to participate in the market, we can get down to earth and hold the stock. Even if any black swan incident occurs again, what we need is patience. If we follow the market sentiment to panic at this time, it will break their thighs a few months later. Just like crazy people keep reminding everyone of risks above 60,000. Even when idiots make money, the risk is imaginable. In the trading market, you must always be a retrograde person, not a follower, to eventually outperform the market.
ETH:
In conjunction with flatbreads, there is a short-term rebound in demand.
DOT:
The volume of energy continues to expand, and the bottom line is strong, and it is expected that it will take the lead in improving in the future.
XRP:
The short term is still weak, and weak linkages are the main ones.
LINK:
The current position has some support, and the rebound is the main one.
ADA:
It is still quite strong compared to other mainstream players, and is expected to take the lead in rebounding.
XMR:
The trend is relatively weak. The upward wave was ruthlessly smashed back by bears, making it more difficult to move up in the short term.
DOGE:
It is difficult to have an independent market in the short term; it is mainly linked to flatbread.
SUSHI:
The decline in recent days has been quite severe, mainly due to a rebound and reduced positions.
AAVE:
Same as above, but long-term fanatics are still optimistic.
Nothing. The market still doesn't hold sentiment in the short term. It's quite weak. They can't hide from the disaster. Holding on to the core assets in their hands is enough. Madmen firmly believe that when people are in a panic, picking up bloody chips is not a mistake. Don't worry about momentary gains or losses; the deal itself is a marathon!
Finally, in order to prevent loss of connection.
It is recommended that everyone actively join the Huoxin Group. 1. Download the Huoxin App; 2. Search for “Crazy People Main Group” to enter.
Or follow Weibo: “Digital Currency Trend Fanatic”.
You can easily find crazy people.
That's all for today. The message area is closed. I wish everyone a happy weekend. We'll see you tomorrow~!
