Under the leadership of BTC and ETH, the total market value of cryptocurrencies continues to decline. BTC continues to hit its annual low in 2021, but BTC is clearly strongly supported near the annual low of $32,000. In fact, not only is the price of BTC close to the low point of 2021, the market value of the entire cryptocurrency has also fallen below 1.3 trillion US dollars, which also dampened the gains of the past few months. However, as the total market value of cryptocurrencies has decreased, BTC's market share has quietly risen to around 50%, which means that BTC is more resilient than altcoins.
Of course, BTC is affected by its market value and consensus system, and it has always been called a genuine cryptocurrency by its supporters. Its consensus system is also very complete. Today, BTC has dropped from a high of $63,000 to around $32,000. At its lowest, it has even fallen by almost half. Although BTC's downward trend has caused some panic in the market, there are still many speculators rushing to it. I think it will be a problem that many people are concerned about when it is time to buy the bottom of a BTC of 32,000 US dollars.
To be honest, I don't know the next trend of BTC. Although the current policy is not good for BTC, it does not mean that BTC will definitely fall. BTC is near US$32,000. In fact, it is the same as near US$3,200, with huge risks. Although BTC has the opportunity to make a lot of money, the risks and benefits are directly proportional. If you want to make more money, you need to take greater risks. BTC is aimed at the global market. We can hardly imagine the structure of capital giants. No one knows what their real purpose is to hype BTC.
Buying the bottom of BTC to do T to reduce the cost of holding currency, this needs to be established on the basis that BTC will increase in value
Don't easily believe in the so-called consensus system and future investment value. In the eyes of capital, there are only interests. They can abandon all principles and consensus in order to benefit. By operating BTC's price movements to harvest retail investors, BTC can now bring good returns to capital giants, so capital does not want to give up BTC. But if one day BTC loses its ability to make money, or a better tool for collecting money appears, capital giants will definitely give up BTC without hesitation. After capital has harvested retail accounts through BTC, it is not a false proposition to completely abandon BTC.
Although BTC is currently at the position of $36,000, there is not much theoretical basis for saying that it has reached the bottom, because it has no bottom line at all. Grayscale recently exposed the holding cost of BTC. Its average holding cost is less than $9,000. Do you still think that $32,000 is the bottom of BTC? I want to follow BTC, most of whom have a certain understanding of stocks, and even many have experience in stock trading. A certain stock cannot be sold for 10 yuan, and if it is reduced to 60 yuan and then reduced to 10 yuan, it may become very popular.
Pulling up shipments is a commonly used method of harvesting in the stock market. BTC may also be suspected of pulling up shipments. No one knows the true intentions of the capital giants. Many people may think that compared with the high risk of the futures market, the risk of users who speculate in BTC is very small, and there is no risk of being liquidated. It is believed that the general trend of BTC is still upwards. Even if you hold a small loss now, you will have a chance to earn it back in the future. They want to reduce the average cost of holding BTC by doing T. This is one of the reasons why many people want to buy BTC at around $32,000.
The three experiences of stock speculation are also applicable to BTC speculation
In theory, this idea is not wrong. If BTC has the possibility of rising back, doing T is one of the most reasonable means of operation. But there is another very important experience in the stock market, that is, to understand stop profit and stop loss, chasing the rise and killing the fall has never been a derogatory term. The most important thing in stock trading is not knowing when to buy, but to know when to sell. By the same token, I don't know when to buy BTC, maybe it's just to make some less money. But if you don’t know when to sell BTC, you may be deeply stuck.
Right now, it looks like it is doing a bottom hunting on BTC, but it may actually have entered the trap of capital giants. You want to buy the bottom of BTC at $32,000, and the capital giants may want to buy your bottom. As the saying goes, "You see the interest that others bring to you, but others see your principal." BTC's risk is far from a simple price fluctuation, but a question of BTC's survival. Suddenly I feel that the high leverage in the futures market may be just a blindfold of capital, and capital giants may have bigger plans.
Of course, these are just potential risks of BTC. It does not mean that BTC cannot continue to rise. Everything is possible in the BTC market. When most people are not optimistic about BTC, it may be when BTC appreciates. At this time, the third experience of stock trading is very important. As long as you follow the main force's footsteps, you will have the opportunity to follow the main force to eat meat. What the capital giants are most worried about is not the fall in the price of BTC, but the fear that no one will bet against them. If no one goes to follow the trend and hype BTC, although their holding costs are very low, they will also have huge financial pressure. To use a single sentence to compare the current situation of capital giants hyping BTC, it is to be blameless and self-defeating!
