Bitcoin is a digital currency based on blockchain technology that is secured by cryptography and not governed by a central authority. Thanks to the peer-to-peer (P2P) network, users can transact directly with each other, and transactions are recorded in a transparent, secure, and immutable ledger.

BTC-6.56%

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LiuYidao

· 11-20 21:36

Don't listen to any analysts blabbering: the bear market of the four-year cycle is still ongoing, but this round is the worst one yet. It's also something we anticipated; Mr. Know-it-all's ascent and the Fed, combined with the economy, basically equals a financial crisis. Next year, the US financial system might implode, leading to a global financial crisis. This financial crisis could be much more severe and last longer than in 2008. Counting from 2021 to now, it's already been 4 years; the recession might last 8-9 years or even longer if the government doesn't intervene. So, given the current state, it's not impossible for BTC to continue falling below 70,000. Everyone should avoid contracts; absolutely don't do it. Your assumptions are all in the wrong direction; Candlestick data won't lie. So far, there has been no signal of a limit down reversal. Once it falls to a certain level, capital will massively sell to protect itself, and after the selling period is over, that will be the opportunity for the poor to turn things around. In a lifetime, if a person seizes one opportunity to turn things around, they can gain a substantial amount of wealth; many grassroots rich people have done just that! So, I still advise everyone not to play with contracts and save your bullets for the end.

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GateUser-73fa270e

· 11-20 11:59

Bitcoin is a digital currency that is not managed by a central authority and is built on blockchain technology, secured by cryptography. Through the peer-to-peer (P2P) network, users can transact directly with each other, and transactions are recorded in a transparent, secure, and immutable manner in the ledger.

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