BTC (Bitcoin) has completed a V-shaped reversal, rising from a low of 56.8k on May 2nd for three consecutive days and returning to the 64k level, surpassing the opening price of 63k on April 30th. The reason for the reversal was explained in the article “Unexpected US Employment Data Boosts BTC to Break $60,000” on May 3rd.
In today’s world, BTC’s V-shaped reversal is relatively mild. BTC’s reversal is just an abstract reflection of the dramatic “boomerang” flying everywhere in this world.
April 30th was the first day of the listing of Hong Kong’s BTC and ETH ETFs. The bears didn’t give face and continued to sell for two days, dropping from a high of 64.7k to a low of 56.5k. On May 1st, in the 22nd empirical record of the “Ten-Year Covenant,” Liu Jiaolian wrote an article titled “Full.” The average price of additional purchases during the dip was $57,824. Thanks to the smart bears, they created such a discount. The discount was fleeting, and only by adding positions during the dip can one seize the opportunity.
The human society is full of smart people. These days, when I was driving and taking my children out to play during the short holiday, we encountered traffic congestion and the kids discussed whether it was faster to take the main road or the side road. They each had their own opinions and argued incessantly.
I told them, do you know the “principle of smart people”? This theory explains a simple truth: what we are not lacking in this world is smart people. They will rack their brains to find the fastest route for themselves, but the result is that all the routes are almost the same. For example, if the side road is significantly smoother than the main road, the smart people will take it, thereby diverting the congested main road and causing congestion on the side road until both the main road and the side road are equally congested. So, it seems that actively choosing a faster route may improve speed, but in fact, no matter how you go, it may not be faster or it will be equally fast. However, sticking to the established route without wavering will at least be more effortless and safer.
The children seemed to understand and asked, is it like using stillness to control motion?
I praised them. To further illustrate, I gave another example: in many occasions where you need to line up, if there are multiple service windows, smart people will actively choose the shortest or fastest queue, which means we just need to patiently wait in the current queue because the lengths or speeds of all the queues are equalized as the smart people jump from one queue to another. For example, there are currently two windows, with two lines forming. You are in the middle of the line for the first window. Suddenly, a third window opens. Should you go over to that window? In fact, when others switch to the new window, the number of people in front of you naturally decreases. Without moving, you can enjoy the “benefits” of the new window. This is using stillness to control motion.
This can be extended to investments. I said: the investment market is the same. It is filled with smart people who jump up and down and chase hot trends. For example, if you have a full position in asset A, but you see asset B has a promising upward trend, you quickly sell A and go all-in on B. Thinking you are smart, you frequently change positions, but in the end, it may all be in vain. It is better to hold on without wavering once you have made a decision.
Short-term trading and leverage are the same. There are too many smart people. In each bull and bear cycle, they are proud and enjoy high and low trades, longing and shorting with great pleasure. But if you look at two cycles, you will know that almost all the smart people have become cannon fodder. During the ups and downs, their positions are wiped out.
The smart people are working hard and, in the end, they are just working for the BTC HODLers who hold on firmly and do not waver.
(WeChat Official Account: Liu Jiaolian; Knowledge Planet: Reply “Planet”)
(Disclaimer: The content of this article does not constitute any investment advice. Cryptocurrencies are highly risky assets with the risk of going to zero at any time. Please participate with caution and take responsibility for yourself.)
Tags:
Ethereum
Liu Jiaolian
Investment Insights
Bitcoin
Essays
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Note: All articles on Bitpush only represent the author’s views and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6673427
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