Only Bitcoin has the power to start a bull market

I remember that the price of the big cake was high, soaring to 69,000. In the article "The Fed Tapers as Expected" on November 4, 2021, it was written, "Now, when dusk has come, I want to say again, don't be afraid of the night, the sun will rise again."

Since the price of Bitcoin hit an all-time high of $69,000 in November last year, it has been falling all the way to the current $39,000. In 5 months, it has fallen by 43.48%, in other words, it has been 40% off.

After a year of bull market, it ended sideways. It closed at $48,000 in December 2021. Many people entered the market when they heard the news of the bull market at $50,000. This means that most of those who rushed in to make money were buried.

The road to Rome is paved with flowers and bones.

There was no big surge, bull market, or peak as imagined. 69,000 is just a small slope compared to 50,000. Even compared to the previous high of 20,000 dollars at the end of 2017, it is just a small hill.

Many people are unwilling to accept that this bull market has ended.

However, as the major Eastern countries are strictly controlling the influx of incremental funds and the major Western countries are beginning to tighten the taps, there is really no sign of any driving force for the market to move forward.

The first quarter did not see a delayed second half, but instead saw accelerated taper and early rate hikes, as well as geopolitical conflicts on the edge of Europe and further loss of control of Omicron.

Bad news comes one after another, and good news goes away.

The long-awaited Ethereum merger (the merge) to PoS in the second quarter will be postponed. The deadline is unknown. The expectation that Ethereum will switch to PoS to boost the deflation market is no longer there.

Only Bitcoin has the power to start a bull market. Every time other altcoins, including Ethereum, pull back and crash, they are overdrawing the momentum of the bull market.

When copycats prosper, the bull market dies.

Dabing just watched their performance quietly.

When the copycats have had enough of their troubles, and have exhausted their troubles, it is time for the big cake to come out.

Five months ago, I said that "the sunset has come". Some people thought that it was "the sun at its peak".

Dusk is the dividing line between setting sun and falling night.

Now, the birds have returned to their nests, the insects are singing, and the moon is hanging in the sky.

People with strong will are still traveling on the night road.

Continuously adding positions means speeding up the journey.

The pancake during the day is like the sun, and the pancake at night is like the moon.

Only by going through the bull and bear markets, and experiencing both the big pie as big as the sun and the big pie as big as the moon, can you get the word "enlightenment" and understand the true meaning of it.

Otherwise, the day does not understand the darkness of the night, and the darkness does not know the whiteness of the day. That is just confusion.

After experiencing a bull and bear market, you get a "Ming". After experiencing it again, you get another "Ming". Ming, Ming, Ming, Ming, Ming...

The way of university is to manifest the bright virtue.

The more you experience, the more you understand.

All the roads will not be walked in vain.

Even a detour is not a waste.

Just like the production of blocks of pie, it takes such huge computing power and energy, unwavering and unswerving, one block every 10 minutes, always moving forward.

It's like an endless investment.

We have a fixed investment schedule for big pie.

I still say the same thing I said five months ago, "Don't be afraid of the night, the sun will rise again."

The mountains are so high and the waters so deep that it seems there is no way out. The shepherd boy points to Xinghua Village in the distance.

(Official account: Liu Jiaolian. Knowledge Planet: reply “Planet” to the official account)