Recently, BTC suddenly shot up out of nowhere, it's simply baffling... (I don't have a good opinion of this thing)

However, it seems that virtual currencies are already a bit at their wits' end, with no new funds coming in to push the price or take over.

The current virtual currency prices could collapse at any time... because it is equivalent to a game among existing market players.

So there are quite a few dog promoters (commission return) pulling people everywhere, but actually, a portion of these promoters are already stepping on the sewing machine.

It's just that the news hasn't reported it; I know several people who have already stepped on the sewing machine. I went on a blind date with a female lawyer last year.

She has two huge virtual currency cases on hand, and the defendants are basically facing sentences of over ten years...

There are also coin dealers involved in money laundering and similar activities. The national treasury is empty now, and these people in virtual currencies are simply fat pigs.

They are already fattened up and waiting to be slaughtered... Many people who play with virtual currencies are too obsessed; they really think the regulatory authorities don't know.

In fact, they know everything; it's just that you are still a little shrimp with no meat and no chewiness.

When you develop and grow up, you will naturally catch the net... There will be a day when you withdraw your funds.

Do you think they don't know just because you're using all sorts of messy methods abroad?

Unless you physically go abroad and don't come back, as long as your funds return to the country, let's see if they can find you.

In the short term, BTC is unlikely to plummet to 40,000 or 50,000, but it's hard to say for the long term; if there's no one to take over.

Then when profit-taking needs to be realized, it indeed can lead to a crash... So it's not impossible for a short-term drop to this price.

Now the price of BTC is very high; what worries me is the profit-taking and selling off. Even a few hundred million dollars can crash the market.

Tens of billions of dollars could probably bring about a 10%-20% drop, and if a sell-off of 70-80 billion dollars occurs, the drop could be even larger.

A drop of more than 20%... BTC looks to have a high market value, but the market value is illusory; you can really cash out tens of billions of dollars.

Others need to take over to stabilize the price; if they can't hold your sell-off, the price will collapse immediately.