Laughing at other people's panic chips is also a kind of beauty

The madman said

Every day is a big market. This is the current market. Bitcoin is gradually recovering its share of market capitalization through this method. It has now been drawn back from 39% to 43%. At the beginning of the rebound, it fell more slowly than others. After the rebound, it rose faster than others. It is only when other mainstream coins and small coins rebound, so in controlling the overall pace, everyone can consider focusing their energy on flatbread first, because in days when the market has no backbone, capital must be the first to pour into Bitcoin. It will also be a sign that the market is stabilizing.

The head of digital assets at Goldman Sachs said that Goldman Sachs will continue to expand its products in the cryptocurrency sector, especially Bitcoin, while Goldman Sachs has reconsidered whether cryptocurrency is a viable asset class. Nothing has changed. Bitcoin's fundamentals are still very strong. It's just that it has been scrutinized by various countries for a short period of time, showing an extreme state of panic. At this time, the more frightened others are, the more we should be greedy.

South Korea's top three financial groups refuse to issue real-name accounts to cryptocurrency exchanges. Previously, South Korea's regulations stipulated that commercial banks could comprehensively verify crypto exchanges, and exchanges needed to obtain real-name accounts from banks before they could operate. This means that traditional Korean financial institutions have hindered the development of Korean crypto exchanges, causing some panic among South Korean crypto investors.

The former US Treasury Secretary said that cryptocurrencies are expected to become digital gold, accounting for one-third of the market value of gold, and cryptocurrencies will be part of the entire financial system and will exist for a long time.

Zhao Changpeng tweeted that he can't predict the future, but he knows Bitcoin will be part of it.

Musk, on the other hand, believes that compared to fiat currencies, he supports cryptocurrencies.

Apart from falling prices, nothing has changed; all that has changed is people's mood. When people's mood collapses to the extreme, the bull market will return again. The market will not change its original trend due to momentary weakness or advantage. This has been proven countless times in history in any market.

10,000 bitcoins flowed into Bitfinex and 480 million USDT into Bitfinex, offsetting the game where the left hand was turned over the right hand.

The total market value of stablecoins surpassed 100 billion US dollars to a record high. The market value of cryptocurrencies declined, and the market value of stablecoins instead reached a new high. This is an extremely healthy sign of rebound.

Tether issued an additional 1 billion USDT, and funds are still flowing in.

The panic index is 14. It is still extreme panic, where the chances outweigh the risks.

Market analysis

Bitcoin:

Today's trend is weaker than expected. Currently, the whole village's hopes are pinned on Americans, because US regulation is still relatively neutral, and the whole world is cracking down on cryptocurrencies like crazy. I hope everyone will remember yesterday's title of Mad Man, and it will eventually make me stronger. Unless this wave of global regulation brings cryptocurrencies back to zero, it's only a matter of time before I go back from where I go after this wave of suppression; just be patient.

ETH:

Flatbread and ether have declined quite a bit today, but they are not significant, which indicates that the panic decline has come to an end, and the market will rebound at any time in the future.

DOT:

Today it was taken over by the market, and the bottom of the funds from the previous few days have been secured, but there is no need to panic; the funds will save themselves in the future.

XRP:

It has already fallen below the new low that plummeted a few days ago, indicating that it is weaker than most mainstream coins. Currencies that have no financial concerns can be avoided or switched for a short time, and will also be relatively weak when they rebound.

LINK:

Today's downsizing is also due to the fact that the funds have been hacked up. Let's wait for a rebound later.

BSV:

There is almost no way to fall. The bull market has secured everyone, and there will be very little selling pressure in this position.

ADA:

It has declined a lot, so be patient and wait for a rebound.

DOGE:

Connect the flatbread.

UNI:

There isn't much capital bottoming out in the short term. Defi has declined across the board under the leadership of the leader. Long-term investors don't need to worry; they can consider buying gradually when there is a new low, and gold will always shine.

With the market plummeting, it's no use for fanatics to say more. Eventually, the crazy people will prove the correctness of the trend. Short-term panic is an opportunity to buy gradually without thinking. There is no sense of fear at this time; instead, you should work hard to find opportunities in the market like you have taken stimulants.

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~!