数字货币趋势狂人 · 644

Is there a “V-shaped reversal” in the market?

Madman said that now countries are beginning to think about how to regulate cryptocurrencies. The fundamental reason is that cryptocurrencies have affected the financial stability of every country. Previously, Mad Man told everyone that Binance's daily trading volume has already surpassed the Korean stock market and the Chinese stock market. This impact is very obvious in brokerage firms. They have asked brokers' friends. They said that the number of accounts opened has declined markedly recently. On the one hand, the stock market itself is not doing well. On the other hand, cryptocurrencies have had a very profitable effect. Everyone is trading coins, causing the country to make no profit in this regard. The traditional market is being disrupted by the crypto industry. This is the root reason why regulators in various countries are beginning to panic. The future will be unscrupulous regulation of the crypto market. However, there is no need for us to panic, because the interests of America, the world's largest economy, have completely penetrated. The US dollar itself has hegemony. If it doesn't want to be disrupted, it can only choose to control things that may hurt the dollar, while other countries are bare-footed and not afraid to wear shoes. Anyway, whether to hug or not has a strong voice in terms of currency. That's why we have the current pattern of multiple parties fighting for hegemony. With the support of the US, the coin industry will definitely not cool down; on the contrary, the trend will go further and further. Until one day, when they pull Bitcoin to 200,000, 500,000, or even 1 million US dollars, they will force countries to comply, thus completing the market relay. Our country took the lead in promoting the digital yuan, and it also has its own logic. We hope to gradually control the use of digital yuan in local regions, such as the Middle East, Africa, etc., and use our strong export capacity to continuously enhance the digital yuan layout, so as to achieve local influence over the US dollar, expand its base, and continuously erode the power of the US dollar. This is a bit like the way the Red Army occupied bases back then. Therefore, every country's mentality is different, so the regulation of cryptocurrencies will not be consistent. What is certain is that with America's support for the crypto industry, cryptocurrencies will flourish. As coin traders, we only need to worry about whether the money in our pockets can increase. As for the above, just leave it to those think tanks. Only with an understanding of the overall situation can we understand the importance of holding Bitcoin now. Apple is looking for talents in the field of cryptography. The job requirement is to understand digital wallets, fast payments, and cryptocurrencies. This demand clearly indicates that Apple will develop into encrypted payments. In the future, all Apple phones will probably provide encrypted wallets so that people can use cryptocurrency payments. Whether it's Paypal, Bitpay, or Binance Pay, they are helping crypto payments get out of the market. This trend is irreversible. By the way, it's really convenient to use Binance to book a hotel with cryptocurrency. The SEC has begun reviewing Skybridge and Fidelity Bitcoin ETF applications. It seems that the approval of the Bitcoin ETF has entered the final countdown. Madmen believe that since Gary Gensler takes office as chairman, the Bitcoin ETF should be passed quickly. Currently, the US SEC has cooperated with Congress to regulate cryptocurrency exchanges. At the same time, the Chairman of the US Securities and Exchange Commission also hinted that cryptocurrencies will face stricter regulation. Everything is moving towards compliance, and all trends are under control. Wall Street Wolf Carl Lcahn is studying how to enter the cryptocurrency market on a large scale. At the same time, he is also planning to invest more than 1 billion US dollars in some kind of altcoin. The bosses are feverishly entering the cryptocurrency market. Those who shout at the bear every day don't know if they have bad intentions or don't know enough. Asset management company Simply plans to issue an investment portfolio, 15% of which will be used to buy GBTC in the secondary market. GBTC has become a new type of asset allocation in the US secondary market. It is expected that future discount rates will gradually decrease, and capital will still enter frantically. The Fidelity Bitcoin Fund has attracted more than $100 million in capital, and these are all increases in the market. Cowen Digital Asset has raised $46 million to invest in cryptocurrencies, and the company manages $12 billion in assets. More than 75% of young people in Latin America are interested in cryptocurrencies. The scariest thing about the crypto market is not its fluctuation, but all young people who love the crypto industry. This market can be called the future. The CFO of Coinbase said that the growth momentum of cryptocurrencies continues and Q2 results will surpass Q1. All indicators indicate that after the currency price falls, the market has more sufficient capital and numbers, so theoretically there is no pressure to break through the previous high, so there is absolutely no pressure to break through the previous high, so there is a complete possibility of a V-shaped reversal. 57.4...

1913d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

If there is no more darkness, only light remains

Mad people say that Bitcoin is back above $40,000. The mentality of investors who previously watched a bear market panic selling chips should be very different from the current mentality of investors who bravely cut the bottom, because once this came and went, it was a 30% fluctuation. For most people, it is already a huge fluctuation. If you look at it in the long run, the best way is to actually invest in value and ignore short-term fluctuations in the market, because only in this way can you not be driven by Mr. Market. Otherwise, it is difficult for an average investor to resist their humanity, toss and forth, and lose to the market. Looking at 2018 to now, there are few people who can beat this figure. Compared to those lying in the market, efforts over the years have become negative, so in the market, choices are greater than efforts. Instead, they need to choose a better hug. Several data still support the bull market: the Bitcoin stablecoin supply ratio hit a record low, meaning that the market had more stablecoins to buy Bitcoin, and many idle funds began entering the market; when the market began to rebound the day before yesterday, ETH flowed out of 668,000 coins, the biggest outflow since January 22 this year; yesterday, Taifang continued to flow out tens of thousands of coins from the centralized exchange, changing the previous high inflow state, and institutional purchases continued to increase; Purpose BTC ETF increased its holdings of 428 bitcoins and currently holds 18,749 bitcoins. Institutions continue to lock up their positions; Bitcoin's computing power dropped significantly for 11 consecutive days due to the closure of the mine, worth 2.1 billion US dollars. Retail investors sold it like crazy. The amount was shocking, and there were fewer and fewer coins in circulation; Ark Fund bought 160,000 GBTC Bitcoin Trust, and institutions can be seen both inside and outside the market; Bloomberg strategists are still optimistic that Bitcoin will reach 100,000 US dollars because the supply of Bitcoin continues to decline; Due to the closure of the mine, Bitcoin computing power has declined markedly for 11 consecutive days, and the selling pressure will abate somewhat before the difficulty is adjusted; J.P. Morgan Analyst Ratings In order to increase its holdings, Coinbase said it would rebound by more than 60%. This is how traditional institutions are optimistic about the crypto market; the CEO of Galaxy Digital believes that a Bitcoin ETF will be launched within a year, and this expectation will keep institutions buying. In addition to this, there are regulatory measures from various countries. When these regulations are fully implemented, that is, when the coin industry restarts a raging bull market, remember the phrase: “If you can't beat him to death, it will definitely make him stronger!” The Federal Reserve assessed cryptocurrency policy at full speed, and the White House also quickly studied and filled the regulatory gap; the British Financial Industry Association called for the rapid formulation of more clear cryptocurrency rules; the Canadian Securities Commission, the Polonex Exchange ignored securities laws and was ready to be regulated; the Austrian Financial Services Authority warned unlicensed cryptocurrency brokers; the Central Bank of Kuwait issued a warning about cryptocurrency investment; the President of Iran said that cryptocurrency mining was prohibited until September 22, mainly due to Iran's electricity shortage; the Governor of the Bank of Nigeria is optimistic about digital currencies and wants to criticize unstable ones Cryptocurrency is still prohibited to the crypto industry; our country's attitude towards mining and coin trading is already quite clear; we must participate in the market within the framework. Regulations in various countries have begun one after another. This period will be the most difficult period before Bitcoin reaches a sky-high price. As long as it can be carried over, the light will come by itself. In these dark days, looking at how strong the market is now seems to have given us the ultimate answer. Nebraska in the US officially approved the Digital Asset Banking Framework Act. The state became the second state that can license crypto banks; the governor of Colorado said he hoped residents could use cryptocurrencies to pay taxes, and the state became the first state in the US to use various cryptocurrencies to pay taxes. The US is running too fast, and the trend is irreversible. When ZF and institutional interests are fully tied in, it is difficult to see a second outcome other than an increase. The guy who bought pizza with 10,000 bitcoins 11 years ago said he was willing to use up everything to buy bitcoins. If he sees him drop, he will double his purchases. This dude's life is so interesting, full of dreams and regrets. According to the survey, more than 25% of Australian respondents want to pay their wages in Bitcoin, which shows that in the eyes of Australians, Bitcoin is also a bastard. The global consensus will be further strengthened. The developed countries will take the lead, and developing countries will follow up later. The panic index is 22, the same as yesterday, which is pretty good. The grayscale GBTC discount rate is -12.57%, and the ETHE discount rate is -4.33%, and it has hit back again. The short-term rebound will not necessarily last; it will take time. The US dollar and yuan broke through 6.4, creating...

1914d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

Getting back to 65000 is only a matter of time

Mad people say Musk has recently been active again on Twitter. Previously, he shouted from 20,000 to 60,000 and back to 20,000. This ability to use his mouth to pull and smash the plate can be seen. The mad man seriously suspected that Musk made a rat house. He went from being optimistic to not optimistic, and never being optimistic to being optimistic. The rapid changes were shocking. When Tesla disclosed its quarterly report for the second quarter, there was no change in the total number of possible coins, but no one could know whether it was in the middle. After all, the capital was profit-seeking. Everyone who came to the market was a bayonet. Some people stood in the field barefoot with sticks, and others went on a rampage with tanks. Everyone's weapons were not the same, and the end result was completely different. Earning money was the primary productivity when it came to the market. Musk also costs a lot of money to build rockets. The richer people, the greater their demand for money. The market is not a savior; in the end, they can only continue to accumulate and monetize their own perceptions. Dario Qiaosui once again stands up for Bitcoin. He said that he holds some bitcoins and believes that the US dollar will return to 1971. The US will continue to print money and raise taxes for some time to come. This will cause stocks to rise, as well as to all assets such as Bitcoin, gold, and real estate. He said that our environment is a cycle of depreciation of the dollar. Dario admires the big-cycle judge. He wasn't actually optimistic about Bitcoin before, but after continuous learning, he has already started holding Bitcoin, which shows that Bitcoin does have its own charm and value. American institutions aren't vegetarian in the market; they use 20,000 to 60,000 as positions. Isn't this the bottom, will this be the top? Is Wall Street all stupid? From the beginning, fanatics still believed that this was Bitcoin's bottom range. The founder of Guggenheim said that the utility of Ethereum is far higher than Bitcoin, and Dario is also crazy about Ethereum recently. Institutions such as Goldman Sachs have been singing a lot about Ethereum. It can also be clearly seen from the transaction volume and premium rate of Grayscale ETHE that institutions are buying Ethereum frantically. This wave of operations is somewhat surprising. We need to respect the market and be optimistic about the trend of Ethereum for some time to come. The US SEC chairman posted his own “green laser eye” expression on Twitter. The supervisory authorities have joined the MEME team. Although the superficial meaning of the tweet was to support “green encryption,” fanatics felt that this might have a deeper meaning. Perhaps the adoption of the Bitcoin ETF is not far off. Mark Gordon, the governor of the US state of Wyoming, said that he owns cryptocurrencies. In the US, from the SEC chairman to the next governor, to Wall Street bosses, they are all optimistic about cryptocurrencies, yet the market is turning bearish. I feel that this market is really fun. About 1.8 billion USDT was transferred to Binance within 1 minute last night. USDC issued a large amount of 6.2 billion US dollars over the weekend, and yesterday USDT printed 1 billion US dollars. Even so, the USDT premium is still rising. It can be seen how abundant the underwriting capital was after this wave of collapse. However, 95,000 bitcoins were flowing out of the exchange yesterday, and institutions are still picking up large quantities of goods, and the strength of the market will continue. Google searches for Bitcoin and Ethereum hit a record high in nearly a year. Not only did the collapse not cause people's enthusiasm to retreat, but more people poured into the market. At the peak of 65,000, it was only a matter of time before they got back on their feet. Mad people expect successive successors to break into the market around September. The panic index is 22. After yesterday's sharp rise, the market is less panicked, but it will take time to recover. The Binance App supports the use of cryptocurrency to book hotels on Travala, and travel products can be booked directly through Binance Pay. Who told me that cryptocurrency is not currency, I beat him to death! The grayscale GBTC discount rate is -3.83%, and the ETHE premium rate quickly rebounded, and ETHE's trading volume surpassed GBTC. This shows that a large amount of capital is buying ETHE in the US stock market. This is a “smart capital” that is optimistic about the future market of Ethereum. We also need to keep up with hot money and change our thinking. While the ARK Fund continues to sweep Coinbase stocks, it is also buying GBTC. With so many bosses protecting us, it's comfortable to think about it. Bitcoin Market Analysis: Although crazy people are confident about the future of Bitcoin, we still have to endure the short-term embarrassment. The market is still in a weak state. The bearish sentiment in the market is still very heavy. Therefore, after a sharp short-term rebound, it will continue to fluctuate and sort out. It is not very likely that this position will directly rise. However, in the long run, keep up with the stock in your hands, keep up with the pace of the institution. Locking up the pattern and ignoring short-term fluctuations is the best way to make money. ETH: Such a big guy stands up for him, short term...

1915d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

“Golden Pit” or “Bear Head”?

Mad people say that there are people who want to break the bottom, and others want to escape the top. Unfortunately, there are few people who can accurately cover the top and bottom. If we want to compete with the market, the only weapon we have is position management. Through continuous increases and decreases in positions, we obtain relatively definite opportunities. A lot of people screamed last night, and their mentality fell to the extreme. In fact, when we think back and think about it, when the crazy people shouted that 38xxx got on the bus, although it was a bit on the left, and the back hit 29,000, as long as you don't use leverage, the current price has only dropped 4%. Not to mention in the coin industry, even the stock market can't be considered locked in at all. Most of the screaming people speculate on small coins and use leverage. The market fell sharply, directly eating up all of these people's profits, and even losing money. Investors who tried to steal the fishtail market in the last round have basically thrown it back. Those who remain profitable are either long-term holders of a bull market or know how to retreat completely. For speculators, in the end, it will be nine deaths for the rest of their lives. I still hope everyone will be friends of time. Maybe if we take a look at the current cake by the end of the year, it will be a “golden pit” in the bull market. Russian lawmakers are drafting amendments to allow cryptocurrency payment contracts. If the bill passes, Russia will legalize the use of cryptocurrencies for payments, which would be a huge leap forward for cryptocurrencies. Currently, the bill is still under review. According to insiders, all parties have reached a consensus, which is one of the benefits we can look forward to in the future. The giant whale holding 10,000 to 100,000 bitcoins bought 120,000 bitcoins when the market crashed last week. Bitcoin exchanges once again showed a net outflow in the past two days. Huobi transferred 140 million bitcoins from cold wallets to hot wallets, and new Bitcoin holders are selling bitcoins to long-term holders. This series of on-chain data tells us that the fundamentals of Bitcoin have not changed at all; only people's fears have changed, and the market will eventually continue according to its original trend. In this wave of decline, Meitu lost 16.66 million US dollars in Bitcoin holdings, 14.64 million US dollars in Ethereum, and Tesla fell below costs in a short period of time, with losses reaching 125 million US dollars. Superinstitutions have all been locked up. We are a small retail investor, and there is nothing to worry about. Binance founder CZ said that cryptocurrencies have not been sold in recent months, and there are no plans to do so in the future, while Sun Yuchen tweeted that he had bought at the bottom. The big guys are buying and buying, but the little ones are frightened and throw away the cheap chips in a panic. Musk and V are on edge. V says Dogecoin's plan to expand 10x is fundamentally flawed unless decentralization is abandoned. Musk quickly responded, saying that God V was worried that Dogecoin would eat the dollar. Mad people don't evaluate this matter. From a blockchain perspective, we should rationally trust God V more. After all, he is a senior expert who has been deeply involved in this field for 10 years. Panic Index 10. Extreme panic. We should just be happy. Bitcoin market analysis: Flatbread experienced a sharp decline and a rebound. This wave of decline was too rapid and too fast. The short-term rebound is basically an inevitable event. Currently, there is still a safe period of 2-3 days. The key point is around 37,600. As long as we stand up, 40,000 won't stop there. ETH: This wave of losses was very rapid, and the decline was huge. Investors who once wanted to buy Ethereum for $1,800 didn't dare to get on the bus when the market gave them an opportunity. This is because panic dominated their original plans. Today's volume reversal will trigger further purchases and a rebound in the market. DOT: The rebound was pretty good, and the capital started a self-help market. XRP: Selling pressure is not heavy. Today's overall market is linked, and the rebound is stronger than expected. LINK: Previously, all of the underfunded funds were eaten up. Today, the self-help market starts. The rebound is leading the way, and it is worth being further optimistic. BSV: There is no way to fall; there is only one way to bounce back. ADA: The smallest decline among mainstream coins, and the market is still optimistic about the medium- to long-term trend in the future. XMR: Mainly linked. Today's volume is not enough, and it is difficult to have a strong independent market in the short term. DOGE: The magnitude of decline and rebound is very similar to that of a big cake; they continue to be linked mainly. UNI: Core assets are all violently rebounding. UNI, SUSHI, AAVE, MATIC all have a crazy influx of capital. SOL: The rebound has also begun. The amount of energy is average, mainly linked. The market has entered a rebound cycle, and there will be more hindsight capital to participate in the evening until tomorrow. After all, there are still plenty of stablecoins in the exchange. When they feel that they have missed the bottom, they will chase up and lift the car for us. This position will not become a high point of rebound, so they can continue to participate. Finally, in order to prevent loss of connection. I recommend everyone to be active...

1916d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

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

Mad people say that every day is a big market. This is the current market. Bitcoin is gradually recovering its share of market value through this method. Currently, it has been withdrawn from 39% to 43%. The initial rebound fell slower than others. After the rebound, it rose faster than others. It is only when other mainstream coins and small coins rebound, so in terms of controlling the overall pace, everyone can consider focusing on the big cake first, because on days when there is no focus on the market, capital must be the first to pour into Bitcoin every time. Market consensus will also be a sign of market stability . 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; only people's mood has changed. 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 of left-handed versus right-handed. 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; the opportunities outweigh the risks. Bitcoin Market Analysis: Today's trend is weaker than expected. Currently, the whole village's hopes are pinned on Americans, because US regulations are still relatively neutral, and the whole world is cracking down on cryptocurrencies like crazy. I hope everyone will remember yesterday's title, 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 this wave of suppression comes and goes; just be patient. ETH: Flatbread and ether fell quite a bit today, but they are not significant, indicating that the panic decline has come to an end, and the market will rebound at any time later. DOT: It was taken over by the market today, and the bottom funds from the previous few days were secured, but don't panic; the funds will save themselves in the future. XRP: It has fallen below a new low of sharp decline a few days ago, indicating that it is weaker than most mainstream coins. It can be avoided or switched for a short time, and is also relatively weak when it rebounds. LINK: Today's downsizing is also due to the fact that funds are being held back. Let's wait for a rebound later. BSV: It's almost impossible to fall. The bull market has secured everyone, so there will be very little selling pressure in this position. ADA: Declined a lot, wait patiently for a rebound. DOGE: Linkage Flatbread. UNI: We can't see 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, 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~!...

1917d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

If you can't beat me to death, it will eventually make me stronger

Mad people say that the global downturn is in full swing. Bitcoin has no place to die 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 must 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 said 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, these erroneous opinions require time and data to correct; our 51st Financial Stability and Development Commission mentioned at the conference to crack down on Bitcoin mining and trading, and resolutely prevent 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. The news was also the culprit of yesterday's sharp drop, causing many domestic investors to quickly panic and crash withdrawals. USDT once fell above $5, leaving cheap chips in their hands; the scale of the Biden 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 Canadian Bitcoin ETFs issued a “market disruption” alert because futures prices may remain below their lower limit at the end of trading. This is an alert from a Bitcoin ETF. Whether the financial market can actually carry Bitcoin's fluctuations will take time to witness; the market has plummeted, but the fanatics have also seen quite a few benefits: MicroStrategy CEO said he bought some more bitcoins on Square Cash and felt very satisfied. This dude took advantage of the decline to buy and buy, and they already had 110,000 units; the SEC member “Crypto Mom” believes that the US should have approved Bitcoin ETFs a long time ago. Once the US Bitcoin ETF is passed, it will quickly reverse the current fears; China's crackdown on mining will fundamentally reduce the carbon footprint of Bitcoin mining, which will allow other Bitcoin miners to obtain higher profits and be more environmentally friendly. Judging from the global landscape, this is indeed 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. What exists objectively is the real big trend; don't let market fluctuations change their original trading plans; Federal Reserve Daly said that it is expected that inflation will continue to rise in 2021, which is about the same as Madman's forecast yesterday, so this year's general environment is fine; Federal Reserve Huck said that cryptocurrencies are not enough to cause financial stability risks. This is clearly a benefit for stable sentiment; the founder of Glassnode said that wallets related to Bitcoin's OTC transactions are The outflow of 10,292 bitcoins on Wednesday and rose to 11056 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, no enemies...

1918d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

Cryptographic cancer cells have spread and there is no cure

Mad people say that now is an age of information explosion. Every day they wake up, all kinds of news pop up, and “choices” become the standard of life. People live in continuous “choices” every day, and some people can seem like an effortless lifestyle, precisely because they have chosen the right track of life over and over again, chose the right track of the 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. Bitcoin market analysis: 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 additional 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 it up and down on your own. ETH: fluctuates near the previous high,...

1943d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

Is Ethereum becoming an institutional bastard?

Mad People said that recently, there are a lot of people impersonating Mad People. Everyone must carefully screen them. Currently, Mad People only has Weibo: Digital Currency Trend Madman, and the official account: Mad Man talks about trends. No other place is the main battleground. Crazy people won't chat with you privately, let alone be paid groups, and won't randomly promote small currencies. Please polish your eyes and beware of being scammed. There are so many bulls, ghosts, and snakes in the bull market, not because of how aggressive they are, but because the market gives them the chance to make money. You don't need to thank anyone to make money in a bear market, but bear markets can lose no or little money to become investors who continue to make money. Anyway, don't trust any analysis or charges other than WeChat and Weibo; please recognize the only real lunatic. Early in the morning, Federal Reserve Chairman Powell said that he is not seeking a sharp inflation of more than 2%, nor is he seeking long-term inflation of more than 2%. The recovery of the US economy is strengthening, and labor market participation is below the level of the pandemic. With that said, the Dow Jones and Nasdaq were directly destroyed. Once inflation expectations fall, it will be a strong disadvantage for all risky assets, but this day will come sooner or later, so we should cherish the bull market we are in. Coworking Wework announced that it will accept payment methods such as Bitcoin, Ethereum, and stablecoins. Beatport, the world's largest electronic music online store, will accept Bitcoin payments, and the company will also release its NFTs called “Future Dancefloor Music.” Everyone should no longer feel this kind of news, including the market, and the more this process deepens, the more cryptocurrency becomes like currency and enters every corner of society. Gemini reports that 14% of Americans are crypto investors. I don't know how to calculate this figure, but this percentage is really not that low. The next successors will definitely not be Americans, but the people of countries that have been slow to respond. South Korea's ZF crackdown on cryptocurrency fraud and CX will continue until the end of June. Strict regulations on the South Korean side will have a certain impact on the volume of cryptocurrency transactions, which is considered a short-term negative. After all, South Korea is too popular, and this cooling will slow down investors' entry into the market. The SEC will respond to 3 Bitcoin ETF proposals before November. In other words, before the beginning of November, as long as one ETF is passed, it is likely to be the trigger for Bitcoin to reach a new high. Until then, the market was still guided by fundamentals and supply and demand relationships. J.P. Morgan's analysis shows that as Bitcoin continues to fluctuate, momentum signals will weaken, many strategies to buy pancakes based on this signal will reduce positions, and capital inflows into the Bitcoin Fund will also weaken, making it difficult to reverse the short-term pullback. Mad people agree more with this analysis report. First, institutions have very little desire to buy above 50,000. Second, Bitcoin continues to rise too much, and it is relatively difficult to continue to push back. Third, it's been quite a while, and the market is entering a relatively quiet cycle. The founder of Morgan Creek said that once Bitcoin once again effectively stands at $60,000, he will never see Bitcoin fall below 60,000. This dude is considered a dead bully; just listen to him. The Cuban party believes that cryptocurrencies can be used as an alternative to dealing with the economic crisis. This idea is actually the same as the idea of Wall Street hedge funds. Everyone understands that the total amount of cryptocurrencies is limited, and it is difficult for the upper echelons to easily dilute our wealth. A local South African company once again applied for a crypto ETF from the Johannesburg Stock Exchange. South Africa is the country that plays the most with cryptocurrencies in Africa. The more developed the place, the more it is able to accept new things. This is also the foundation for the country to continue to progress. The size of Grayscale assets declined somewhat as the currency price fell and returned to 45 billion US dollars. There was an increase in LTC, ZEN, MANA, FIL, LINK, and BAT, but the increase in holdings was not significant, and the impact was extremely limited. It is worth noting that GBTC is still discounted by -10%, but ETHE's premium has reached 4.42%, which shows that institutions are more optimistic about Ethereum for some time to come, and it is worth everyone's reference. Bitcoin market analysis: There is a big difference between long and short positions. The bulls think that a large negative line has released the risk and will continue to move upward, while the bears believe that the trend has been disrupted and will continue to decline. Mad people still think short in this position. The reason is that after the release of a large negative line in the past, the bulls will recoup the decline in about 3-5 days, but after this decline, long and short checks and balances clearly appeared. After this situation, they tend to continue in the direction of trend and inertia. In other words, lunatics believe that the probability of a later pullback is still greater than a rebound, and it is not recommended to rush to the bottom of this page. ETH: Finally tough today, CME ETH...

1949d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

Take a break

Mad people say that US stocks are rising every day, the Dow and S&P have reached new record highs. The yield on 10-year treasury bonds has fallen above 1.5%, and Biden has once again proposed a 650 billion dollar infrastructure plan. These all show that overall inflation in the US has not yet arrived, so the Federal Reserve can continue to maintain the economy by printing money. This is obviously not bad news for risky assets, but at a time when all other assets are rising, Bitcoin showed weakness ahead of time. At least it shows that the big cake is in this position. Selling pressure is beginning to emerge, and takeovers are weaker than those who have cashed out, so a phased pullback is likely to unfold. Turkey has banned the use of cryptocurrency payments since April 30, while the central bank said that there is a significant risk that crypto assets may be used for illegal activities. After the news came out, the market experienced a rapid decline. Arguably, a Turkish ban should not cause such panic in the market. If the bulls are strong, this level of weakness will not have any impact on the price of the currency. Since market capital is choosing to avoid risk, we can also think that the number of beneficiaries is increasing, and market fears of a pullback are increasing, which is not conducive to continuous improvement in the short term. Of course, from a broad macro perspective, the fundamentals of Bitcoin have not changed. For example, the following news in the past 24 hours can prove this to us: 1. Nearly 5 million Swedish savers have been exposed to Bitcoin through the National Pension Fund, and the Norwegian government pension also holds nearly 600 bitcoins. The continued entry of pension funds is steady and secure. 2. Howard Asset Management is preparing to invest in cryptocurrencies, using 1.5% of its 5.6 billion hedge fund assets to invest in digital assets. More big hedge funds are joining in, nothing scary. 3. Ark Fund bought $352 million worth of Coinbase shares in the past two days. This is real money and is optimistic about the crypto industry. At the same time, it also sold NYSE Intercontinental Exchange shares, which shows that this female stock god is selling off traditional assets, fully embraces crypto assets, and has a certain leading role. 4. South Africa's EC10 plans to launch the first Bitcoin ETF to provide investors with a channel to invest in Bitcoin. Even South Africa is starting a Bitcoin ETF; the globalization process is really fast. 5. BlackRock CEO said that seeing widespread interest in cryptocurrencies from institutions around the world, he believes cryptocurrency could become a great asset class. This means that cryptocurrencies will enter the mainstream world sooner or later, and more investors will pour in in the future. Coinbase has now become the ninth most downloaded app on Apple's US store. This is insane. It shows that American people living at home during the pandemic have frenzied into the coin industry, creating a certain FOMO sentiment. It is relatively difficult to pour in more people in the short term. In terms of crypto regulation, Biden agreed with US Treasury Secretary Yellen's views on cryptocurrency regulation. Previously, in January, Yellen called for a reduction in the use of cryptocurrencies to ensure that money is not laundered through these channels. The president of the administration made his first statement on cryptocurrency, which was not very friendly, and is also the reason why the bulls are hesitant in the short term. The Ukrainian politician said he accidentally deleted his private key file, and 400 pancakes were permanently lost. When it comes to cryptocurrencies, it's really important to keep your private keys. If you can't transfer your wallet, honestly put your money on the big exchange; otherwise, you'll lose it, and it's useless to cry. It is estimated that there are millions of bitcoins lost in this way, and most of them were caused by carelessness when the price was cheap. Ripple's CTO has sold Bitcoin to 2% of its original holdings, and has thrown away most of it. Once you've paid your chips, you can only watch the movie. As for right or wrong, let's leave it up to time. Anyways, they are making money; there's nothing wrong with selling it. Mark Cuban believes that the price of Bitcoin is far from reaching its peak, mainly because supply is limited and demand is limitless. There are differences among the bosses, and this kind of disagreement is already reflected on the market. The Xinjiang coal mine accident caused a power outage. Bitcoin's computing power dropped by more than 20% in one week. This had little impact on the currency price, but for miners, mining for 7 days less can actually lose money. Grayscale still has no increase. The GBTC discount continues to remain above -11%, while ETHE has shrunk sharply to -1.2%. Madman previously said that this situation was due to institutional purchases. As a result, Rothschild Investments revealed that it recently purchased a $4.75 million Grayscale Ethereum fund. This indicates that institutions are increasingly fond of the future of Ethereum. Bitcoin Market Analysis: Yesterday, fanatics suggested the risk of a short-term pullback, and the market experienced a certain decline. This situation of sudden weakening after a new high is not a very good sign. It can easily lead to a continuous pullback. Therefore, it is recommended that everyone drop part of the bag and take care of themselves...

1954d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market

All kinds of demons have come out, stay alert in the midst of madness

Mad people say that the epidemic has shown signs of rising again during this period. In particular, some populous countries, such as Brazil and India, have recorded record highs in diagnoses in a single day, and their severity is far higher than that of the US. Federal Reserve Mester said that inflation is expected to be high in the next few months. As a result, US stocks surged, and Bitcoin linked upward, but the 60,000 mark still failed to break through smoothly, indicating that the sell-off pressure in this position still exists. Overnight, two large amounts of BTC flowed into the exchange, 4,500 and 3,631, respectively, into Coinbase, worth nearly 500 million US dollars. It will take time for the market to bear these sell-off pressures, so the position of 60,000 will probably be repeatedly fricted. At the same time, a sum of 50,000 ETH went into Bithumb, and there is also a suspicion that it was cashed out at a high level. The founder of Cakewallet tweeted: Walmart is buying bitcoins, which will be shown in the May 18 earnings report. There is no official definitive information yet. This news is quite likely, but no one knows about buying more, buying less, so it doesn't have much impact on the market. The wave just started at 16 o'clock, which was caused by this news. Microstrategy bought 253 bitcoins and spent 15 million US dollars. This company is all kinds of brainless allins. As long as they have money, they buy it. Compared to the 90,000 bitcoins it already owns, buying this now is nothing. The price of Bitcoin on the Korean exchange reached a record high, with a premium of over 15%, and the premium rate reached an all-time high. The last time the premium exceeded 15% was the high in 2018, which indicates that the FOMO sentiment of Koreans is very heavy. This figure is not very good. Bitcoin options and futures trading volume reached a record high in March, and the market, where volume and price have risen sharply, is still on an upward trend. At the same time, the most discussed currencies on Twitter in March were Bitcoin and Ethereum. The more discussions, the higher the level of attention, the more sustainable the future. For details, you can take a look at this chart as a reference for asset allocation. Canadian investment company CI announced the launch of the CI Bitcoin Fund, which is similar to a Bitcoin ETF, lowering the threshold for investors to enter the coin industry. The total market value of cryptocurrencies exceeds 2 trillion US dollars, setting a record. Most of the coins that have risen recently are small coins. In a state of chaos, the number of coins with a market value of over 1 billion US dollars has reached 100. Bitcoin's share of the total market capitalization quickly fell to 54%. At the peak of the previous round of the bull market, this figure was 32%. It is expected that this round will not drop that deep. If Bitcoin accounts for less than 40% of the total market capitalization one day, it may be a relatively good shipping position. “Rich Dad Poor Dad” author Kiyosaki predicts that Bitcoin will reach $1.2 million in the next five years. I don't know how to calculate this data; just check it out anyway. The total scale of Grayscale asset management has exceeded 46 billion US dollars. Although there has been no recent increase in holdings, the rise in currency prices continues to drive the size of Grayscale's assets. The GBTC discount rate has decreased from -10% to -3%, indicating that the selling pressure on the US stock market has weakened. This is a good sign. According to the news, Grayscale plans to convert Bitcoin Trust to Bitcoin ETF, and escrow rates will be drastically reduced. This is also Grayscale's solution. After all, there are too many competitors. If you want to continue to expand, you can only compete by cutting fees. Reducing the lock-up period and fees for 6 months will reduce GBTC's discount, but it may increase short-term selling pressure. The matter is still undecided, and the ETF has not approved it, so it's fine if you know it in your head. Grayscale Trust has added another coin, NII. Madman hasn't studied it. If you're interested, you can research it yourself. Currently, it's only available on Uniswap. British beauty brand Wake Skincare accepts cryptocurrency payments, and a global currency is coming to us. Last week, Ethereum Defi holdings increased 14% to reach US$35.5 billion. The Defi market is still growing strongly, and the future can be expected. Tianqiao Capital may issue ETH-centered funds because ETH has a large market and a good network foundation. ETH is also increasingly favored by capital. The white hat hacker claims that a 4-year old project contract has serious problems and will provide more information soon. The lightning in the blockchain world is the thunder of technology. We still need to be in awe, because once thunderstruck, nothing may be lost, and even lunatics can't guess what project it is. Anyway, investing is risky, and it's best to plan for the worst before depositing money. This kind of empty cup mentality is conducive to improving the quality of transactions. Bitcoin market analysis: Bitcoin has been lying around all day today. Let's wait for Americans to wake up at night. Currently, many coins are fluttering around, so it is very much absorbing Bitcoin's capital. It is expected that it will still be dominated by shocks, and repetition of high levels is inevitable. When will 60,000 pass and when will they catch up...

1964d ago数字货币趋势狂人#Ethereum #digital currency #Digital trend fanatic #Bitcoin #Market