Firework Essay: Have you digested the panic brought about by the currency circle 3.12, and can you enter the market?

Yesterday, many fans sent private messages to Xinhuo, what do you think about 3.12? Will the drop of 3.12 last year be reproduced in the next few days? In March last year, the price of Bitcoin was halved within two days. Many people thought that the wave of Bitcoin would touch zero again. However, in order to reverse the situation, the global central banks took the lead in launching a wide range of unlimited quantitative easing measures based on the US$700 billion bond purchase plan.

After March, Bitcoin prices stabilized and rebounded. In the past year, the global release of water has not stopped. In 2020, major institutions rushed to enter the cryptocurrency market. Bitcoin not only recovered the lost ground, but even broke through the historical high of the skyrocketing in 2017. In just three months, the price rose to A new all-time high of $580 million. Many people will worry about history repeating itself in 3.12? This is also a hot issue that the current market is concerned about. After a year, I met 312 again. From extreme pessimism to extreme optimism, the changes in this market are so dramatic, and this may be the most attractive part of the investment market.

Then Xinhuo will analyze for you whether there will be a possibility of a sharp drop on 3.12 or even 3.13 and 3.14. The salary point of view remains unchanged, and the possibility of a sharp drop is not impossible, but it is extremely small. First of all, let's make sure of a fact: it is the news market at present, and it is institutions, not retail investors, that can really affect the market. Due to the consideration of their own funds, institutions generally do not consider smashing the market during the plunge. Looking back at 312 in 20 years, the reason for the plunge at that time was more due to the uncertainty and panic brought about by the global economic capital for the epidemic, which caused asset sell-offs. Bitcoin is simply affected. The current situation is somewhat different from that in 20 years. Now everyone has the expectation of a sharp drop, so the question is, how to run? Does it run like last year's 312? As long as the organization moves, US stocks and Bitcoin can be smashed into negative numbers! After all, it is institutions, not retail investors, that affect this market! To sum up, Xinhuo thinks that there is a possibility of a callback, but there will be no big slump, because the slump is not just a loss for retail investors.

Let's talk about the market again:

I was in a slightly fluctuating situation during the day yesterday. I don’t know what you think. Anyway, Xinhuo’s thought at the time was that a big move was coming. As a result, there was a wave of diving until 9 o’clock in the evening. I half-jokingly told my wife 3.12 It seems that your husband's assets will shrink in a short period of time, but I didn't expect it to end in an anticlimactic manner. From this, it can be concluded that the main players do not have the willingness to hit the market in this range. Everyone has the expectation of a sharp drop, and they are psychologically prepared for a sharp drop. At this time, there is really no profit for you to hit the market again, and it will be in a short period of time. Let the market sentiment be extremely depressed, presumably this is what those people don't want to see.

Then look at today, Xinhuo speculates that there may be a callback, and the main purpose is to absorb cheap chips at a low price. Smash you all away and pull the pan for who to show? It also takes time for new blood to step in. Therefore, Xinhuo is still firmly bullish. It is currently a relatively safe trading method to intervene in long positions after a callback. Of course, it is best to take a short position.

In the end, many friends who trade spot products are interested in the UNI I recommended in the early stage. I hope that Xinhuo will give a detailed introduction like ADA, so I will use this forum to talk about it. The same as ADA is that they are both tokens. To understand UNI, you must first know how uniswap works. Uniswap is a decentralized exchange that allows users to provide funds for liquidity pools and earn income. Uniswap is an automated liquidity protocol driven by a constant product value and implemented on the Ethereum blockchain by non-upgradeable smart contracts. It removes the reliance on trusted intermediaries and is decentralized, censorship-resistant, and secure. Uniswap is an open source software licensed by the GPL agreement. Each Uniswap smart contract or trading pair manages a liquidity pool consisting of two ERC-20 token reserves. Anyone can become a liquidity provider of the pool, enter the liquidity pool by reserving equivalent trading pair base assets (such as ETH and ERC-20 tokens), and at the same time obtain Uniswap pool tokens. Limited partners' share of the total reserve is allocated proportionally based on these pool tokens, and the underlying assets can be redeemed at any time.

Uniswap Pairs act like automated market makers, ready to accept one token for another as long as the "constant product" formula holds. This formula, expressed at its simplest as x*y=k, states that a transaction must not change the product (k) of a pair of reserve balances (x and y). Because k remains constant within the frame of reference of a transaction, it is often called a constant quantity. A desirable property of this formula is that larger transactions (relative to reserves) execute much worse than smaller transactions.

Author/firework teacher-yym, xinhuo9418

Author/firework teacher-yym, xinhuo9418

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