Crypto Chaos: A Sober Reflection from a Trader
The crypto world is the most畸形 financial field I've ever seen: pyramid-scheme-style recruitment, ultra-high leverage, daily volatility of 20%+, essentially a game where a minority harvests the masses.
Newcomers taking over is the only motivation for the price of coins to rise. Anyone who questions it will be besieged. Exchanges use commissions and trading activities to stimulate frequent operations. The handling fee for new altcoins is as high as one-thousandth. The cost increases sharply after adding leverage - this is not investment, it is clearly a pump of the landlord.
Bitcoin is touted as "digital gold", but in fact, it does not even have the safe-haven properties of gold. In the 4.2 tariff incident, gold rose sharply, but Bitcoin plummeted, exposing its essence as speculative chips. The 21 million constant upper limit of BCH and BSV are far less valuable than Bitcoin, indicating that the price is not determined by technology, but by the marketing of early coin hoarders and the maintenance of vested interests. More importantly, Bitcoin has no real-world anchor and does not generate profits. Even the anti-inflation attributes of gold cannot be compared. It is essentially a zero-interest gambling tool.
Now that Bitcoin is back at $100,000, the largest buyer, MSTR, has cleared all shares. Combined with the selling pressure of $42.1 billion in preferred stock, this round of rally will most likely peak at $112,000.
As a person who has personally experienced contract losses, I have to say that the crypto world's 100x leverage and 30% daily volatility are enough to bankrupt anyone without financial common sense. Although A-shares have flaws, at least they will not be uprooted, but the crypto world often makes retail investors lose their money.