The Truth about the Cryptocurrency World Exposed: It's Not About Trading Coins, It's About Trading 'Consensus'!
Many friends lose money as soon as they enter the cryptocurrency space; their account balances shrink day by day, and they can't figure out what's going on. Meanwhile, they see others making money, while they feel like they've been targeted by the market and are suffering severe losses. The truth is, it's not that you're not working hard; it's that you fundamentally don't understand the essence of this space — what is traded in the cryptocurrency world is not coins, but consensus.
To put it simply, consensus is 'everyone agrees that this thing is valuable.' Why is the US dollar valuable? Because the whole world recognizes it. If you were given a choice between 1.4 million yen and 10,000 US dollars, you would definitely choose the dollar; that’s consensus. Similarly, if given a choice between one BTC and an equivalent value of FTT, which would you choose? No need to say it, you would definitely choose BTC. This is the core logic of how the cryptocurrency world operates.
Many people say that the cryptocurrency world is a pyramid scheme or a scam, but that's not entirely true. Do you think stocks aren't a game of consensus? The essence is the same; it's just that consensus in the cryptocurrency space comes quickly and dissipates just as fast. Just like the FTX incident, the truth is not that 'FTX held too much FTT,' but rather that someone was behind the scenes stirring the pot, and then CZ stepped in to deliver the final blow. Once market confidence collapses, the consensus on FTT goes to zero, dragging down a bunch of inexperienced investors along with it.
The collapse of consensus doesn’t require logic; it only needs a trigger. Just like if someone suddenly claims that all of Da Vinci's paintings are actually fake, whether this statement is true or not doesn’t matter; what matters is that the consensus is gone, and then those paintings lose their value.
The rise and fall in the cryptocurrency world, to put it plainly, is just the addition or subtraction of consensus based on positive or negative news. Good news strengthens consensus; everyone is willing to buy, and prices naturally rise. Bad news breaks consensus; everyone sells like crazy, and prices plummet. If you can understand this logic, you can trade accordingly.
So, stop getting hung up on technicals and white papers, these superficial things. What you are trading is not coins, but human sentiment, it’s the degree of consensus!
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