The bull market also has to go through hardships and sufferings

币姥爷 · 2023-03-09T09:07:12.000Z

Grandpa clocked in on day 182 As expected, Mentougou extended the claim registration deadline again to April 6, and the basic repayment period, one-time early repayment period and mid-term repayment period were postponed from September 30 to October 31. In addition, the largest creditor said it would not clear out the compensation pie at once. In fact, the unresolved compensation case in Mentougou has been bothering everyone for many years. In my opinion, it is difficult to solve it all at once, and it will be delayed for several years. But even if the compensation is really paid, for us, it is this Damocles If the sword falls, it may turn out to be a good thing, so there is no need to worry too much.

Grandpa's check-in day 182
As expected, Mentougou has extended the deadline for claim registration to April 6, and postponed the basic repayment period, one-time early repayment period and mid-term repayment period from September 30 to October 31. In addition, the largest creditor said that it would not pay all the compensation in one go. In fact, the pending compensation case in Mentougou has troubled everyone for many years. In my opinion, it is difficult to solve it all at once, and it will be delayed for several years. But even if the compensation is really paid, it is like the sword of Damocles falling on us. Maybe the bad news will turn into good news. There is no need to worry too much.
Another latest development is about the crypto-friendly bank Silvergate, which announced that it "plans to wind down the bank's operations and voluntarily liquidate in an orderly manner and in accordance with applicable regulatory procedures, and is considering how to best protect the remaining value of its assets". From this point of view, Silvergate has completely collapsed, so this negative news has been settled. There may not be any greater impact in the short term, but I think it will cause substantial negative news. First, it will reduce the deposit hospital. Imagine that even the bank that deposits funds has collapsed. Would you worry? The second negative news may lead to increased supervision by the SEC.
Of course, the market has actually fallen to the daily support. Although Bitcoin has only fallen from 23,000 to 21,500, other altcoins and even mainstream coins have fallen badly. It can be seen that the phenomenon of capital flight is serious. Especially since the bottom, many coins have risen by dozens of points or even doubled, and the selling pressure is still quite large. Therefore, it is still the same sentence. Now we should buy Bitcoin and Bitcoin. After all, the so-called "calf" market has not been confirmed by 25,000 points this time, which means that we are still in a bear market. The first consideration in a bear market is that the principal cannot be excessively lost.
Regarding the judgment of the market, whether it will fall or rebound at this position, I can only say that I prefer the latter, but we have to prepare for the worst. This round of correction from the high point of 25,000 has lasted for more than half a month. If the daily support can be maintained, there will be a lot of space above, and we can see the big cake starting with 3. On the contrary, if it goes down, the support range below is still very dense. Overall, we are still in a bear market environment, and the small bull market is formed by the emotional turn and oversold rebound, but even a small bull market can only be achieved after suffering and hardship, and now we are experiencing it.
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