It's great to see such a rational article in this environment
零下十三度
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Most people will lose money in this bull market. This is an objective law of the capital market and cannot be changed.
Bitcoin has been trading above 70,000 for a long time. Many people are wondering, why haven’t we made a breakthrough yet? On the contrary, do you feel so weak? In particular, some coins with good growth could not stand the slowness of Bitcoin and began to pull back.
Before Bitcoin gives a clear direction, altcoins will not dare to move arbitrarily. Otherwise, Bitcoin will suddenly move in the opposite direction, and the dealers will be trapped. The data is also very beautiful. ETFs are all in a state of net inflows, but the market is not rising. The selling pressure at the 70,000~73,000 position is very heavy, and both short-term and long-term profit orders are sold at this position.
The change of hands of BTC (Bitcoin) at the level of $70,000 is a necessary step for its continued rise. Satoshi Nakamoto designed a mechanism for BTC to halve its output every four years (strictly speaking, it is halved every 210,000 blocks), like a 32-stage power rocket. In modern human aviation technology, the design of three-stage rocket propulsion is commonly used. Each stage has independently working fuel and engine, which are separated and discarded step by step to overcome the limitations of single-stage rockets in terms of speed and load capacity. The Internet product industry borrows this concept to describe the three stages of product growth: traffic acquisition; user retention; and business closure. Why not a two- or four-stage rocket? The second stage is too short and does not have enough power to escape gravity. Level four is too long, the control complexity rises sharply, and the probability of errors greatly increases. This is in line with the traditional Chinese philosophical concept: there are only three things to do. How can BTC achieve a level 32 rocket? Beyond human control! Kevin Kelly, the founding editor-in-chief of WIRED (Wired magazine), published a masterpiece, "Out of Control" 30 years ago in 1994. The full title of the book is "Out of Control: The New Biology of Machines, Social Systems, and the Economic World." This book was later regarded as a guide by WeChat founder Zhang Xiaolong. It was once rumored that anyone who could discuss this book with Zhang Xiaolong would be able to join the WeChat team directly without taking the exam. Whether it is space rockets or Internet products, they all rely on human centralized control. And human control ability can never exceed the magical ceiling of "3". There are no more than three things. It all depends on human effort. Precisely because things are human-made things, it is impossible to pass the three standards. Human beings do things, and Heaven acts as the way. There are no more than three things. Tao is endless. "Bitcoin is almost the Tao", said on February 28, 2022. Although Bitcoin was born from human hands. But once born, it is like a child leaving the mother's womb, falling to the ground, and having an independent life of its own. It is no longer a puppet on strings at the mercy of its parents. Decentralization. Eliminate the human single point of control. out of control. It's close to the Tao, so it breaks through the "3" limit and can enjoy up to 32 levels of acceleration. Over the past 15 years, since the launch of Bitcoin in 2009, we have burned out and abandoned our 3-stage rockets. The first level ended in 2012. The second level ends in 2016. Tier 3 ends in 2020. 2024.3.3 article "Countdown to Bitcoin production reduction!" 》) In more than 20 days, the fourth-stage rocket will burn out, and the fifth-stage rocket will be activated to continue propelling us towards the stars and the sea! The push and acceleration of each stage of the rocket will produce a strong "push back feeling", which is the so-called "bull market". The first level promotes acceleration and the bull market in 2011. The second level promotes acceleration and the bull market in 2013. The third level promotes acceleration and the bull market in 2017. The fourth level promotes acceleration and will lead to a bull market in 2021. With the continuous push of the four-stage rocket, Bitcoin was pushed from the ground to the atmosphere for 70,000 US dollars. As each stage of the rocket is shed, a large number of changes of hands are completed. Those who do not want to continue their interstellar journey get off early. Only a handful of people and new explorers were left to continue on the road. Especially at the third and fourth levels, with $70,000 and the outer atmosphere, we are about to leave the earth and fly into space. Too many people cannot live without air and land. They are unwilling to evolve from an earth species to an interstellar species. They are infinitely attached to the earth. So they got out of the car one after another. For ancient giant whales, it is only human nature to get wealth of billions or billions of dollars today from a negligible cost back then, cash out and improve their lives. After all, it is impossible for ordinary people to resist the temptation of such huge wealth. You might as well read the story told by Jiaolian on March 24, "If You Owned 5,000 Bitcoins in 2010". A whale falls and everything comes into being. Some people say, isn’t this the latecomer from the harvest of early giant whales? No. As long as prices can climb to new highs, it's not a harvest, but a whale fall, isn't it? The shadows in Xianyuntan Lake are long, and things change and the stars move several autumns. Where are the big Bitcoin players now? Outside the threshold, the Yangtze River flows freely. Looking at the data from glassnode, as BTC climbed to its peak, there were up to $2.6 billion in selling profits every day. Among them, 40% comes from selling by long-term holders, accounting for 1.04 billion U.S. dollars per day; 60% comes from short-term holders, accounting for 1.56 billion U.S. dollars per day. This hand-changing pattern is very similar to around January 2021, when the last bull market just broke the previous high. Judging from the trend chart starting from the bull market ATH (new cycle high), the current situation is also closest to the 2018-2021 cycle. Don't carve a boat for a sword. The next stage of the rocket may not explode like the previous stage, "pop" and "pop" twice, pushing out two calves. There are thousands of financial products in the capital market, which dazzles people to choose from, but most of them cannot escape the fate of being captured by gravity and falling to the ground? I have been thinking about it for a long time. One day I walked to the east end of the village and met an "upside down Taoist" with his hands on the ground and his feet in the air. So I asked this question that I had been thinking about. The Taoist smiled and said nothing, then stood up with one hand, reached into his arms with the other hand, and took out a few green US dollars. I saw him bending his arms, bringing the dollar bill to his mouth, and blew it with his mouth. The dollar bills were blown up by him, floating in the air. But people's breath is short, and they can't keep blowing. The dollar bills also rolled and fell to the ground not far from the Taoist under the influence of the earth's gravity. Just when I was stunned, the man had already used his hands as his feet and gradually walked away. #BTC #SHIB #WIF