Bitcoin fell from a minimum of 41,000 US dollars to below 33,000 US dollars, a drop of nearly 20%. Now it seems that this wave of decline is far from over. Sooner or later, you have to pay back when you come out to hang out. This wave of Bitcoin’s sharp drop is late, but it’s still here.

In fact, everyone knows this round of decline, and it will come sooner or later, but when it comes, everyone will panic. The big drop is still here, and the familiar bull market rhythm has come again, slowly rising-collapsing wave-slowly rising-collapsing wave. I have been worrying for a while, why is it still not crashing? If it does not collapse, if it rises to a higher level and then collapses, the destructive power will be greater, which may interrupt the rhythm of the bull market.

The 20% decline is not too much now. The average decline in the last round of bull market was around 40%. The 20% decline actually seems very gentle.

bitcoinbitcoinThat’s it, it’s still a high-risk investment product. At present, the price is still maintained by the pull of big players. Bitcoin itself cannot produce cash effects. It is still a speculative product that can often bring people’s greed and panic to the extreme. .

Some time ago, Bitcoin also continued to rise, constantly setting new historical highs. It was directly pulled from 20,000 US dollars to 40,000 US dollars in more than 20 days. have. But today, you can see everyone’s panic, and everyone starts to see 28,000, 17,000, or even 6,000 dollars. Such voices are heard in the community, but will it really be so low? not necessarily. These noisy voices are not important to the market, because the market will eventually follow its own laws. In the bull market of Bitcoin, the decline is mostly a sharp decline, and you will not be given a chance to react, and there will often be a sideways period for several months after the decline, and then a new round of rise will start.

Everyone knew that the plunge would come, but they didn't expect it to come now. Looking at the liquidation data at noon today, the contract has indeed suffered heavy losses. According to the statistical report of Contract Emperor Market, the 24-hour contract market has a total of 1.648 billion US dollars in liquidation and 111,668 people in liquidation. Among them, Huobi lost $308 million, OKEx lost $225 million, BitMEX lost $134 million, Binance lost $532 million, and Bybit lost $447 million.

In fact, Jiang Zhuoer's words are worth learning, "Don't play leverage in the bull market, don't do bands, and rest assured that you can buy spot goods." It is true that every bull market knows that it wants to make money, and if you hold the spot spot, you will securely keep your profits. Why bother? What about leverage?

When we play leverage, it is often too easy to make money in a bull market. We want to make more money, and our greed is at work. But in a bull market, a sharp drop is often a sharp drop, and we often have no time to close our positions, or we have suffered heavy losses, and we still want to give it a go, and finally explode directly. Today, I saw a friend in the community who had a heavy position in DOT. It also fell all the way, leveled all the way, rose all the way, and finally exploded directly. The money originally used to buy a house was lost. It's really greedy, the leveraged contract made him lose all the bargaining chips in his hand, and he can no longer get back the money.

It is not so easy to make money in the currency circle, greed is often our worst enemy, stay away from leveraged contracts. In the bull market, there is really no need to play leverage and contracts, just hold the spot firmly.