Hi everyone, this is Pepe, and this market is getting more and more. . I don’t know if it’s interesting, or it’s getting more and more confused.
Everyone’s recent focus is on the gray scale, but it can be said that the grayscale fund has also bought a lot of eth, all of which are thousands of large. But so far, the big pie has broken a new high and quickly rebounded to a high after the callback. Even the Greed Index broke 90 twice, and our Big Ether is far from the previous high this year, comrades still need to work hard.
There is one more thing I am afraid that only the old leek will talk about it. There is no sense of existence in the new leek. It is the “originator of the air coin” that must be replaced by uniaave and others-Litecoin. This year, it has also added grayscale. For luxury packages, holdings have also been increasing.
However, its trust fund is too bumpy compared to Bitcoin Ether. I see today’s ltc sideways. The benchmark LTCN dropped 41% in two hours. .
I don’t know what happened. It’s hard to see such a scene even in small currencies.
So you said that grayscale buys coins, can you figure it out? Anyway, I can’t. . It’s just that the more hidden corners like this are not mentioned by the media.
Ok, let’s get back to the topic. On a slightly quiet Monday, I will share a cryptocurrency loss story from an overseas community:
Although we have been in the upward cycle for more than half a year, the argument generally believes that now is the beginning of the bull market, and I don’t think it is necessary to repeat it.
The protagonist of this story is an anonymous person, let’s call him old A.
The story of old A began more than 3 years ago. At that time, his career was hit, and he wanted to divert his attention, so he chose to enter the field of crypto trading. The first investment was Ethereum. In November 2016, it was only 8 dollars. .
It was a very good position, so by the summer of the second year, old A’s investment income made him very satisfied, so people began to drift, got on credit cards, and bought pie. Not only that, but later, in order to increase the quota, he adopted He made some small tricks, even including borrowing in the name of his wife.
Among them, 12U borrowed, 80% invested in NEO and 20% OMG in 2017.
Taking advantage of the wind, old A’s assets grew wildly, reaching a maximum of 3 million U.S. dollars. At this time, he was not dazzled by the huge amount of money falling from the sky, and made a decision that we all looked good:
Taking advantage of the high position, he replaced the small ant in his hand with BTC. He later recalled that this transaction should have made about 100 BTC.
If the story ends here, it will be a happy ending, and the old A who made his own loan will also become a whale in the Bitcoin market. After all, nowadays, there are ten big pie of 100,000 yuan.
Unfortunately, all of this has not ended. The short-term asset surge has become the beginning of a cup.
He tasted the sweetness of Shanzhai, and since then invested most of his profits in a lot of shitcoins, like elastos, which fell by 90% in the following year. .
By the beginning of 2020, Old A estimated that his assets were only 150,000-200,000 U. Unwilling to reconcile, he chose to borrow again, but this time he used Nexo’s leverage-an encrypted lending platform that can mortgage multiple cryptocurrencies Lend funds.
It happened that the market went well during the Spring Festival this year. Old A pledged all his remaining btc and eth, hoping to meet good luck again.
However, what was waiting for him was a 312 flash crash. This part of the funds was all liquidated, and old A also left the market to rest until he felt the popularity of defi, and at the end of August he invested a part of the funds into defi coins and mining. .
What kind of ending is this? Everyone can guess. According to old A’s estimation, he may still have 5-75,000 dollars left.
But this is no different from zeroing, because he still owes about 100,000 U.S. dollars in taxes and fees. This is a pit of overseas crypto transactions. The taxes and fees are calculated according to the annual profit. The remaining assets of old A cannot be covered. of.
At the end of this story, old A said that he will only play eth and btc in the future, and nothing else!
At the same time, he hopes that the bull market will come as soon as possible so that he can pay off his debts as soon as possible. As for the experience sharing in the past few years, he also hopes to remind everyone that getting rich quickly without developing good investment habits is not a good thing.
In fact, there are quite a lot of stories like this at home and abroad. At the end of this article, I will no longer talk about things not to use leverage, and to make money by luck and lose money by strength.
A few points to mention:
1. There is a platform mentioned in the story—nexo. This lending platform is very popular overseas in the past two years. It is also like a wallet application in form. Users can deposit various assets to earn interest, and the other side can also mortgage loans.
There is also leverage in defi. Many people feel that the current exchange rate is not high, as if it is dominated by the spot, but don’t ignore it. There are other leverage scenarios. When large fluctuations occur, their liquidation will also affect the market. Make an impact.
So it’s not that we currently have institutions with big funds, everything will be different, no matter how big the funds are, they cannot do without human decision-making.
2. It seems that every time when Dabing performs alone, more voices start to say that when you only enter btc since then, I don’t know if everyone says so, but the body is very honest. When the community is passionate, it is still I will pick up various small coins, haha.
However, not only today’s story, but also from the discussions of many investors and traders in the market, it can be found that many people are still replacing the various currencies in their hands with bitcoin and ether.
Although we usually say that if you don’t have a more optimistic choice, the pie is too good, but when more funds, especially retail investors, begin to flow in this direction, will the car become faster or slower? ? Just think about it.
3. Today’s story may also illustrate one point, that is, why there will be some rotation in the copycat season. When the overall market rises, profitable funds will naturally drive some relatively low currencies, which will be intertwined. All kinds of positive cycles, so there is no logic in the bull market.
As for why, until now, I feel that the overall market for copycats has been sluggish. In the past two years, there has been only a partial performance. One factor is the lack of rich wealth stories. Even if it is like defi, although there have been outbreaks, it has fallen by 7%. Eighty is less than a month.
Is there any chance in the knock-off market? I think there are, especially those with fundamentals and community products. After all, more popularity in the circle is still here, and only here will be the source of providing more innovative gameplay. Need more waiting.
