April 1, 2023 Grandpa checks in
Happy weekend, it's another day without fluctuations. This week, the market still fluctuates at a high level. Now is the most comfortable time in spring. You may as well go out and take a look to feel the breath of life. After staying in this circle for a long time, you will find that some people are too obsessed with the market, or things like rolling wool, so that they spend most of their time and energy on it. Not to mention whether they make money or not, just losing the feeling of life is a little less interesting. I think we should not be too anxious about making money. We must combine work and rest. It is more important to persist and master the correct method.
These days, there is news that the US will auction more than 40,000 coins related to the Silk Road. According to foreign media reports, the US government has recently started to deal with the coin assets related to the founder of the Silk Road on the an website, and has sold 9,861 coins on March 14, about 215 million US dollars. It is expected that the remaining 40,000 coins will be liquidated in 4 batches and completed within the year. Looking at the price on March 14, it is an upward relay from the rebound of 20,000. In addition to being able to see that this liquidation auction will not be timed, there is also a point that the current selling pressure of hundreds of millions of dollars can no longer pose a negative threat to the market. In the early years, the liquidity of the coin was still used by people, but now it is so strong that it is not even worth bragging about.
Speaking of Silk Road, when Trump was in office, there were reports that he sympathized with the founder of Silk Road and considered releasing him. However, in recent months, Trump has been plagued by negative news, such as rumors that he paid hush money during the campaign, was sued or even arrested, and his Bluebird account was blocked at the earliest. These happened within a few years. In fact, for the future of Bitcoin, I have always felt that the sovereign or individual to help develop it can only be regarded as icing on the cake at most. The real core is to achieve immortality through technology.
As for the market, since there is no volatility, we can only watch less and do less. If you are a believer in the big cake from a super long-term perspective, then ignore the volatility and leave the few positions alone, and don't let the short-term ups and downs affect your life too much. For the medium- and short-term market, I think we can focus on the mainstream sectors headed by the two cakes first, find low-point opportunities to configure, and this configuration should be well planned for the long term, taking into account the short- and medium-term doubling market, and then adopt the strategy of taking profits and keeping coins mentioned yesterday to actively prepare for the next volatile market.
Thank you for your attention and likes.
