Recently, BTC (Bitcoin) has been suppressed by the 30-day moving average, unable to recover. It has been nearly two months since mid-March, and some early investors are losing hope. Both the US ETF and the Hong Kong ETF have experienced net outflows due to the sluggish market, indicating the paper hands of retail investors. However, as mentioned in the May 8th internal reference of the Liu Jiaolian, “Standard Chartered Bank Reiterates Bullish View on BTC,” we should learn from central banks and become strategic buyers rather than tactical ones.
After each halving in the past, strategic buyers have had about 2-3 months to buy on dips. After 2-3 months, the commander will give the order to pull the trigger.
The above chart shows the price trend 60 days after each halving. If you want a clearer view and see the trends before and after, you can review the article “A Brief History of Bitcoin Halving” written by Liu Jiaolian on April 9, 2024.
Some may think that this time is different, especially the bears who are doing their best to deny historical patterns.
But history always surprises people. When you eagerly hope for history to repeat itself, it won’t play by the rules. When you think this time is different, it will rhyme again.
The period of calm after the halving is essential. First, it allows the market to cool down after the previous overheating and reduce the burden. Second, it prepares for the future takeoff.
Reducing the burden means cracking down on altcoins, shitcoins, memes, and NFTs. Before a bull market, they are burdens on the takeoff. During a bull market, they are killers that overdraft the market.
Resisting gravity is difficult. It requires great effort, and success is not guaranteed. From the moment of their creation, altcoins, shitcoins, memes, NFTs, and everything else are captured by gravity and fall endlessly.
Countless people have crashed and died during the thrilling journey through bull and bear markets.
Projects with high potential energy are gliders. They peak at the opening and then only go down for the rest of their lives.
Hayden Adams, the founder of Uniswap, said, “Crypto project founders and venture capitalists need to stop valuing early-stage, in-development, and pre-token issuance projects at over $1 billion until they earn money. Creating projects with a market value of 7-9 digits is a great achievement, and not all projects need to become unicorns when they are launched.”
When it comes to token sales, which project doesn’t promote itself to get a higher price?
The higher the promotion, the greater the potential energy, and the stronger the momentum when it falls, resulting in a more disastrous crash.
Bitcoin starts with zero potential energy, takes off from the ground, flies higher and higher, and soars to the sky. “Good wind relies on strength to send me to the sky.”
Bitcoin will never fall.
Bitcoin is not overcoming gravity; it is gravity itself. It’s not Bitcoin taking off; it’s the US dollar falling.
Bitcoin will never fall.
All potential energy is essentially debt. The only difference is whether the debt needs to be repaid and who bears the cost. The US dollar is clearly a debt-based credit. Bitcoin is not issued based on any debt, and the Bitcoin system has no balance sheet, as stated in the article “Bitcoin Will Never Go Bankrupt” by Liu Jiaolian on November 28, 2020.
Bitcoin will never fall.
From the perspective of Bitcoin’s standard, Bitcoin has always been there, 1 BTC = 1 BTC. Stay grounded.
(Official account: Liu Jiaolian, Knowledge Planet: Reply “Planet” to the official account)
(Disclaimer: The content of this article does not constitute any investment advice. Cryptocurrencies are highly risky assets and may become worthless at any time. Please participate with caution and take responsibility for yourself.)
Tags:
Hayden Adams
Uniswap
Liu Jiaolian
Investment insights
Bitcoin
Random thoughts
Source link:
https://mp.weixin.qq.com/s/BnQtCGxshon-76QqliJJIQ
Note: The opinions expressed in all BitPush articles only represent the author’s views and do not constitute investment advice.
Original article link: https://www.bitpush.news/articles/6690696
Related news:
Bitcoin and Love, Guarding the Beta in Your Life
Binance Research: Cryptocurrency Market Review in April 2024
Exhaustion of Selling Pressure! The Market is Forming a New Bottom
Bankless: Will Bitcoin Follow TradFi’s Rise?
Wanwu Island: An Overview of the Basic Knowledge System of Bitcoin Layer 2 Network