Original Qiqi Baicaidi Qiqi Baicaidi
Disclaimer: In the investment field, information changes rapidly. I record the stock market and my thinking process in plain language every day. The following content is my observation and thinking. It is only for my study and record. It does not constitute any investment advice. All profits and losses have nothing to do with me. ☺️
Today I was shocked by a blogger from XHS. The blogger and his wife earn a total of 7,000 yuan a month in a small city. After deducting 1,000 yuan for rent, they have 6,000 yuan left. The average monthly salary per person is 3,000 yuan, and they are planning to have three children.
Young people have not yet suffered the real beatings from society and are too optimistic about the future.
a. In a small city, the jobs of both husband and wife are not stable. When the economy is in recession, their jobs are gone without any support;
b. Although I can earn 6,000 yuan in my current job, after deducting food, drink, illness, and supporting the elderly, how much money is left?
c. Raising a child is not like raising a puppy in the countryside. If you don’t have money, you can only give birth to a child but not raise him, or raise him but not teach him. This is irresponsible to the child. Why would the child be born into your family?
d. Children’s food, diapers, education fees, etc. all cost money. Raising one child is barely enough in a small city, but raising three is far from enough.
Although the country has now relaxed childbirth, before you have the ability and capital, you should still work hard to support yourself and live your own life well so that you will have the energy to take on another life.
……Back to the market…………
1. I really don’t want to talk about today’s market. 5,000 stocks (93%) fell, and it was all green! The three major A-share indexes all fell, and the Shanghai Composite Index fell 1.17% to close at 2,963 points, finally falling below 3,000 points. The total turnover of the two markets was 695.6 billion, and the liquidity was extremely poor! Among the 86 industry sectors, none of them was red, and domestic capital ran away with 48.5 billion. What kind of market is this? The money-making effect is extremely poor! All stockholders are bleeding!
2. Did the national team stop caring? Judging from the CSI 300 ETF, the national team failed to protect the market, and the short-selling force was too strong. Many people in the forum began to discuss account closing again.
This is the market’s response to the news released by the CSRC last Friday night that all the three major exchanges have resumed accepting IPOs! In such a bad market, they still have to force IPOs. There is more money and fewer shares in the market, so it is easy to rise. There is less money and more shares, so it is easy to fall. More and more companies are going public to raise money for IPOs, which means there are more shares. If shareholders do not bring money to the market, how can there be good news with more shares and less money? Since they ignore the voices of shareholders and do not even abide by the basic economic laws, they will act on their own, so they will vote with their feet and let the whole market fall for you to see!
3. Moutai, the leading A-share stock, recently took action to cope with the double decline in liquor prices and stock prices; Moutai decided to control supply, canceling the release of 12 bottles of Feitian Moutai (the specification proposed in 2021, in line with the unpacking order at the time) and also canceling the unpacking of Feitian Moutai; Although Moutai has taken action, I don’t think there is a real market response than buying back its own shares and canceling them at this time, so you see that the market is not giving face today, and Moutai has fallen to 1,414 yuan. Let’s continue to wait for the bottom.
In addition, the price of the Dragon Year Moutai Zodiac Wine (500ml, 53% alcohol) is currently less than 2,700 yuan/bottle, which is still higher than the official suggested retail price of 2,499 yuan/bottle.
4. The U.S. Treasury Department has taken action. The draft released last Friday is called the "Notice of Proposed Rulemaking" (NPRM), which aims to restrict U.S. entities from investing in China in three high-tech fields: semiconductors and microelectronics, quantum information technology, and artificial intelligence. This is to accelerate the "decoupling and breaking of the chain" between China and the United States in the high-tech field. Can it inspire China's determination to strengthen its independent scientific and technological innovation? I don't know, but today's Science and Technology Innovation Board, all semiconductors have knelt down!
………Coin circle………
5. There was no market for Bitcoin over the weekend, but it suddenly fell sharply in the early hours of this morning, falling below 63,000. At this time, foreigners were also on vacation, but after searching for a while, they could not find the specific reason for this short-term decline.
Some people say that the German government is selling 4,000 bitcoins, which is unlikely. Germany uses the OTC channel, which has little impact on the market. In addition, the current market circulation of bitcoins is 3.3 million, and the 4,000 sales cannot crash the market. Don’t be afraid of falling below 63,000. According to my previous analysis, there will be a rainbow after the storm. There will be many positive factors in the future. The probability of an outbreak in the fourth quarter of this year is very high, breaking through 73,000 new highs! As for the price before the outbreak, it was 60,000. No one knows about 40,000. If you are optimistic, continue to hold.
6. Ethereum's ETF will most likely be approved on July 2. Now many institutions are stepping up efforts to update and revise the Ethereum ETF S-1 document. Now the exchange rate between Ethereum and Bitcoin has reached a historical low of 0.053. If 20% of the funds in the entire currency ETF market flow into Ethereum, then the chance of Ethereum skyrocketing is quite large. You might as well participate.
7. Canada approved the application of Solana ETP, and Coinbase announced that it will become the first Solana ETP custodian in North America. Many people who hold SOL are excited, but there is no need to be! You should know that Canada was the first country to pass a Bitcoin spot ETF (February 2021). Did Bitcoin skyrocket after it was passed? No.
It is said that the world economy depends on the United States, and the U.S. economy depends on Wall Street! Apart from the United States, the amount of funds and energy in other places are too limited. Canada is not an option, and the SOL issue still depends on whether the U.S. SEC approves it.
8. Over the weekend, Binance’s top female blogger He Yi’s article continued to ferment online. To put it simply, if these VC coins are not on Binance, they will be on other exchanges, so it’s better to be on Binance! In response to everyone’s dissatisfaction with Binance’s frequent listing of new VC projects and retail investors losing money! I won’t scold Binance. After all, Binance is not doing charity and wants to make money. It is just kidnapped by interests. There is no right or wrong.
Still remember that in 2017, Huobi was the largest exchange in the cryptocurrency world, and Binance was still an unknown copycat exchange at that time. Now, retail investors have pushed Binance to the throne of the largest exchange in the cryptocurrency world, so Binance must not lose its mass base at any time!
In addition, Binance has a complex role today. According to the traditional financial classification, Binance is a multi-monopoly head platform that integrates multiple important roles such as exchanges, securities companies, securities regulatory commissions, clearing and settlement institutions, primary market investment and mergers and acquisitions, and listed company groups. Each role here should be strictly supervised by an independent third party. You can't be both an athlete and a referee! But is there any supervision?
In the absence of supervision, they all have the ability to do evil. In traditional finance, the securities market cracks down on abnormal changes in VC equity before listing and insider trading. The China Securities Regulatory Commission will also strictly investigate the data fraud of the project party (Lu Mao Studio). Now all of this does not exist in the currency circle. Because of the involvement of interests, new projects blow bubbles and run naked directly to the exchange, and it is a large exchange like Binance! Retail investors hope that Binance can take on this supervisory responsibility, and that exchanges headed by Binance can join in, sacrifice some of their own short-term interests, and allow the industry to develop more healthily. This depends on the pattern!
Finally, I would like to end with a line from Stephen Chow’s movie “Kung Fu”: The greater the ability, the greater the responsibility. You cannot avoid Binance.
9. Here is another list of valuable coins to be unlocked this week. These big VC investors are really making a fortune. The coin price is not rising, but the market value is rising, and they are slowly sucking blood!
$OP: 31.34 million (worth $56.7 million)
$ALT: 105 million (worth $20.3 million)
$YGG: 16.69 million (worth $10.7 million)
The above is my learning and record today. Friendly exchanges are welcome!
qiqismarthome
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