Will Bitcoin be allowed in mainland China in the future???
The vast majority of projects in the cryptocurrency circle are scams, with 99.99% basically heading towards zero. Only a few can truly emerge, such as Bitcoin, Ethereum, and BNB.
In a bull market, altcoins seem very powerful, able to rise dozens of times at will, but when they drop, they can evaporate instantly. A tenfold or twentyfold drop is considered mild; last cycle, LUNA went straight to zero, and this cycle, coins like ordi, sats, and trump have already fallen to the point where no one wants to mention them. Coupled with high-leverage contracts going bankrupt, it’s almost a clear-cut harvesting.
The logic of the cryptocurrency circle is particularly simple and brutal: the money of countless people ultimately gathers in the hands of a very few, cruel yet efficient. It can be said to be the place with the highest wealth transfer efficiency in financial history. If not for the blanket policy, the wealth accumulated since China’s reform and opening up could very likely be drained.
Why are retail investors always being cut?
Because most people won’t honestly hold BTC and ETH for the long term, always thinking of shortcuts or gambling for a turnaround, resulting in being deceived by various altcoins and leveraged contracts, and then their wealth gets taken away.
Therefore, when the country closed off access back then, it actually protected the vast majority of people, at least avoiding many from being bankrupted. Those who managed to bypass various restrictions and still came in indicate they have some ability, but even so, in this bull market, you can see them all screaming in pain.
The entire cryptocurrency market is essentially an extreme of good and an extreme of evil. The representative of good is BTC, which is scarce, transparent, and anyone who holds it long-term will not be trapped; this is the true tool for accumulating wealth. The representative of evil is various altcoins, which have infinite issuance, not much different from the Federal Reserve's crazy money printing, ultimately only diluting the wealth of the participants. This is somewhat akin to Buddhism, where the original intention of founding the religion was to awaken people, but it has evolved into a tool for making money, even becoming darker, tarnishing the name of Buddhism.
Today’s BTC has developed to a scale that cannot be ignored. If China continues to block it, in the long run, the drawbacks will outweigh the benefits. The limited investment channels domestically and the lack of exit for funds are becoming increasingly sharp contradictions. Rather than allowing capital to flow out, it is better to acknowledge the existence of BTC, absorb it, and in the future, domestic securities platforms could legally purchase Bitcoin ETFs, which may be a more reasonable direction for the future.
The vast majority of projects in the cryptocurrency circle are scams, with 99.99% basically heading towards zero. Only a few can truly emerge, such as Bitcoin, Ethereum, and BNB.
In a bull market, altcoins seem very powerful, able to rise dozens of times at will, but when they drop, they can evaporate instantly. A tenfold or twentyfold drop is considered mild; last cycle, LUNA went straight to zero, and this cycle, coins like ordi, sats, and trump have already fallen to the point where no one wants to mention them. Coupled with high-leverage contracts going bankrupt, it’s almost a clear-cut harvesting.
The logic of the cryptocurrency circle is particularly simple and brutal: the money of countless people ultimately gathers in the hands of a very few, cruel yet efficient. It can be said to be the place with the highest wealth transfer efficiency in financial history. If not for the blanket policy, the wealth accumulated since China’s reform and opening up could very likely be drained.
Why are retail investors always being cut?
Because most people won’t honestly hold BTC and ETH for the long term, always thinking of shortcuts or gambling for a turnaround, resulting in being deceived by various altcoins and leveraged contracts, and then their wealth gets taken away.
Therefore, when the country closed off access back then, it actually protected the vast majority of people, at least avoiding many from being bankrupted. Those who managed to bypass various restrictions and still came in indicate they have some ability, but even so, in this bull market, you can see them all screaming in pain.
The entire cryptocurrency market is essentially an extreme of good and an extreme of evil. The representative of good is BTC, which is scarce, transparent, and anyone who holds it long-term will not be trapped; this is the true tool for accumulating wealth. The representative of evil is various altcoins, which have infinite issuance, not much different from the Federal Reserve's crazy money printing, ultimately only diluting the wealth of the participants. This is somewhat akin to Buddhism, where the original intention of founding the religion was to awaken people, but it has evolved into a tool for making money, even becoming darker, tarnishing the name of Buddhism.
Today’s BTC has developed to a scale that cannot be ignored. If China continues to block it, in the long run, the drawbacks will outweigh the benefits. The limited investment channels domestically and the lack of exit for funds are becoming increasingly sharp contradictions. Rather than allowing capital to flow out, it is better to acknowledge the existence of BTC, absorb it, and in the future, domestic securities platforms could legally purchase Bitcoin ETFs, which may be a more reasonable direction for the future.
