Over the past few years, while I’ve mingled in the crypto circle, I’ve accumulated quite a few profound insights—and I’ve also witnessed how too many people become victims of the market due to insufficient understanding and emotional out-of-control, ultimately getting harvested. I constantly remind myself that Bitcoin and all kinds of altcoins and influencer coins have fundamentally different underlying “tone.”
Bitcoin has been developing for many years and has gained recognition from numerous institutions and companies; even funds and listed companies have made allocations and reserves. To a certain extent, it has already become the “gold” in the digital asset space. From a long-term perspective, Bitcoin has value expectations. In the future, it may rise to $100,000, $500,000, or even higher. But in the short term, the price is completely unpredictable: a big jump today can be followed by a sharp drop tomorrow, and even on the weekend it can experience violent fluctuations due to an exchange incident or sudden news. These rises and falls are, in essence, the result of a power struggle between market bulls and bears. What exchanges earn is the fees and the returns brought by leverage. For the vast majority of retail investors, it’s very easy to become the ones who get harvested.
As for all kinds of altcoins, there’s really no need to say much more. Most of the people involved are speculators who enter early and look for the right moment to cash out; hardly anyone intends to hold long term. Fundamentally, it’s just a game of speculation—there’s hardly any true value to speak of. The project issuers are focused on harvesting a round and then exiting; there is simply no possibility for long-term development. It’s like many coins that once surged high and were later crushed all the way down to just a few cents—these coins are destined to have no long-term value.
If you choose Bitcoin, the right approach should be long-term holding, not getting obsessed with short-term speculation. By contrast, for altcoins, the so-called “get in early and run fast” often doesn’t allow most people to get out in time—so in the end, many still end up as the bag-holders.
You also need to be wary of fixed trading inertia. Many people think they’ve figured out a surefire pattern—for example, believing that shorting Bitcoin on the weekend will definitely be profitable, and that the weekend market is dominated by certain funds. But the market will always produce the opposite scenario and will swallow up all past profits. Relying on惯性 thinking to trade means you’ll be punished by the market sooner or later.
#SECSendsCryptoCustodyRuleToWhiteHouse $BTC
Bitcoin has been developing for many years and has gained recognition from numerous institutions and companies; even funds and listed companies have made allocations and reserves. To a certain extent, it has already become the “gold” in the digital asset space. From a long-term perspective, Bitcoin has value expectations. In the future, it may rise to $100,000, $500,000, or even higher. But in the short term, the price is completely unpredictable: a big jump today can be followed by a sharp drop tomorrow, and even on the weekend it can experience violent fluctuations due to an exchange incident or sudden news. These rises and falls are, in essence, the result of a power struggle between market bulls and bears. What exchanges earn is the fees and the returns brought by leverage. For the vast majority of retail investors, it’s very easy to become the ones who get harvested.
As for all kinds of altcoins, there’s really no need to say much more. Most of the people involved are speculators who enter early and look for the right moment to cash out; hardly anyone intends to hold long term. Fundamentally, it’s just a game of speculation—there’s hardly any true value to speak of. The project issuers are focused on harvesting a round and then exiting; there is simply no possibility for long-term development. It’s like many coins that once surged high and were later crushed all the way down to just a few cents—these coins are destined to have no long-term value.
If you choose Bitcoin, the right approach should be long-term holding, not getting obsessed with short-term speculation. By contrast, for altcoins, the so-called “get in early and run fast” often doesn’t allow most people to get out in time—so in the end, many still end up as the bag-holders.
You also need to be wary of fixed trading inertia. Many people think they’ve figured out a surefire pattern—for example, believing that shorting Bitcoin on the weekend will definitely be profitable, and that the weekend market is dominated by certain funds. But the market will always produce the opposite scenario and will swallow up all past profits. Relying on惯性 thinking to trade means you’ll be punished by the market sooner or later.
#SECSendsCryptoCustodyRuleToWhiteHouse $BTC
