Bitcoin hype is Russia's turntable
2020 is a magic year. Although there are many troubles from the beginning of the year to the end of the year, asset prices are rising very well
let's look at the performance of all kinds of assets:
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here's another interesting thing. In the first seven months of bitcoin coming out, the creator Nakamoto Tsung mined 1.1 million bitcoins himself, accounting for 6% of the total amount of bitcoins. These bitcoins have been left untouched, and now are worth nearly $40 billion
If a market has the four characteristics of high leverage, drastic price fluctuation, limited trading volume and high concentration, then the market is a perfect Chinese chive cutting market
we have done a previous issue of the hunt brothers silver speculation. After hoarding a large proportion of silver, the hunt brothers in the United States manipulated the prices in the futures and spot markets to reap the silver investors in the market. Today's bitcoin market is a bit like the silver market of that year
before any asset bubble bursts, there will be lots of people making money. What is the upper limit of the bubble? How high will the price go? How crazy can market sentiment be? None of this can be predicted
a rational investor should not be distracted by the soaring price, but should carefully think about two questions outside the fanatical market sentiment. Do I really understand the investment logic behind this thing? Is it really worth so much money
if you're like me, you'd better not take part in this kind of incomprehensible excitement
I think we should pay attention to where the money comes from and through which channels it is hyped. In fact, it is necessary to find out. In fact, bitcoin has a great impact on the society, because the price of bitcoin has been very high and deviated from the actual value, So ordinary people in the process of speculation bitcoin, we must see clearly the current social situation
First, the price of bitcoin is too highin fact, most people already know that the price of bitcoin is too high, because in about 10 years, the price of bitcoin has increased by tens of thousands of times, which is impossible for any asset, because the investment procts of Putong can only increase by about 10 times in 10 years, You can imagine how overvalued bitcoin is{ RRRRR}
in the society, the speculation of bitcoin has a great impact on the real economy, because a lot of money has flowed into bitcoin, and there are very few pre class resources in the real economy, so it must be a very big blow to the development of the real economy in the future. I think the country must solve this situation well, Only when more funds are channeled into the real economy can more wealth be created. The real economy is the field that our country must pay attention to in the future development and the foundation of our country
there are a lot of pig killing plates, and more victims
please stay away from gambling.
Now the price of bitcoin has exceeded $40000. Is there a black box operation behind this? Not yet. After all, behind bitcoin, all operations are relatively hidden, and there is no way to track them. However, it can be seen from various phenomena that there must be a group operating behind bitcoin. With the soaring price of bitcoin, I believe many people have heard about the investment method of bitcoin in their daily life. Many people have entered the bitcoin investment market. According to some official data, many people have opened new accounts in bitcoin trading forums. So, is there anyone behind bitcoin going in and operating by others? Today, let's share some of my views on this matter{ RRRRR}
Third, how to view the soaring bitcoin
To be honest, the rising price of bitcoin may be the reason for the market. Bitcoin has done this several times before. We can't unilaterally deny that bitcoin has no value. After all, as the representative of blockchain, bitcoin still has a representative role in a certain sense, but its existing price certainly has a lot of moisture, which can't represent the existing value of blockchain at all. After all, if converted into stocks, bitcoin is now almost equivalent to a Tesla company. In this case, would you choose to invest in Tesla or bitcoin