Good morning, the overnight short position has been perfectly cashed out! A big drop in the early morning successfully reached the target position. Bitcoin gave everyone a direct short at 61,500. If it fell below 60,000, it would look at the 59,000 line. The lowest price dropped to 58,200, which gave everyone a big surprise. Ethereum allowed everyone to go short at 3,330, with the target looking at 3,280 and 3,230. It rebounded at 3,241, which was also a big gain! These two big short positions were given to everyone directly at the public current price. Don’t say you didn’t keep up with the meat!

Most people are wasting their time in exploring techniques and patterns. In fact, patterns and techniques are not that mysterious. Some very simple techniques and patterns can make money. A person’s biggest enemy is himself. Inner greed, selfishness, irritability, prejudice, laziness and other negative emotions. If a person cannot do some small things in daily life, cannot handle family relationships, and cannot do his job well, then it is simply a fantasy to dream of doing the most difficult job in the world - trading.

In the end, trading is actually a matter of personal cultivation. The biggest feature of trading is actually the torture of people's emotions. Only by realizing the true meaning of life and having extremely high personal cultivation can one achieve extraordinary results. No matter what, if you want to achieve results, you must have a personal thinking mode, outlook on life, values, etc. A lazy person who wants to master some technical things and try to solve the problem once and for all is basically daydreaming. #Mt.Gox将启动偿还计划 #美国PCE数据将公布 #币安合约锦标赛 $BTC $ETH

Interactive Brokers founder Thomas Peterffy warned: "If Bitcoin drops 30%, 40%, or 50% in a day, there will be many bankruptcy cases, and the clearinghouses will not be able to handle the aftermath." When directly asked about his views on Bitcoin, Peterffy admitted that he feels "scared" about it, adding, "Bitcoin can rise to any price because it is essentially just an imaginary thing; it has no intrinsic value." (businessinsider)

The biggest problem with Bitcoin is that cryptocurrency wallets are easily susceptible to cyberattacks and theft, which is a very serious issue.
The United States holds a massive amount of Bitcoin; what measures does the U.S. take to ensure the security of these Bitcoin wallets? Once these wallets are stolen, they can disappear without a trace. Is Bitcoin decentralized?
Gold is different. The Federal Reserve's gold vaults are as secure as a fortress, and there is practically no chance of theft.
The U.S. has a large amount of gold without worrying about it being stolen. What if the U.S. had a large amount of Bitcoin?
What about Bitcoin? Can the U.S. guarantee that it won't be stolen?
The biggest problem with Bitcoin is that once it is stolen, it cannot be traced.
As long as the U.S. cannot solve the security issues of Bitcoin, Bitcoin has no future.
Would Americans feel secure with such Bitcoin?
Recently, didn't the U.S. offer $10 million to apprehend a Chinese individual?
In the future, the U.S. will offer a larger bounty for the capture of Bitcoin thieves.
#比特币冲向11万？

Bitcoin Price History:
1. 2009: Birth, almost worthless.
2. 2010: Started trading, price began at a few cents.
3. 2011: First reached 1 dollar, fell back to around 2 dollars by year-end.
4. 2012: Experienced the first halving, year-end price around 13 dollars.
5. 2013: Price surged, year-end close to 1000 dollars.
6. 2014-2015: Entered bear market, price dropped to around 200 dollars.
7. 2016: Price recovered, year-end close to 1000 dollars.
8. 2017: Price skyrocketed, year-end close to 20000 dollars.
9. 2018: Price declined, year-end settled around 3700 dollars.
10. 2019: Price fluctuated, year-end settled around 7200 dollars.
11. 2020: Price rose again, year-end close to 30000 dollars.
12. 2021: Price continued to climb, peaking close to 70000 dollars.
13. 2022: Price fluctuated, year-end fell below 20000 dollars.
14. 2023: Price relatively stable, year-end settled around 42000 dollars.
15. 2024: Price rose after fluctuations at the beginning of the year, reaching a new high of 73608 dollars in March. On December 5th, it broke through 98700 dollars, rising over 3% in a day. Today, Bitcoin has reached a new high again, peaking at around 107777, stabilizing above 100000, and sprinting towards 110000.

The process of Bitcoin's compliance is accelerating, and the global cryptocurrency market has entered a new phase.
Currently, the pace of compliance for Bitcoin is increasing globally, but it also faces many challenges. Regulatory policies in various countries are becoming clearer, and financial institutions are getting involved, presenting broad prospects for future development.
The decentralized nature of Bitcoin truly gives regulators a headache; without a central management authority, who will oversee it?
Privacy issues also need to be addressed properly; how to prevent money laundering while not infringing on user privacy is indeed a tough problem.
Taxation and accounting issues remain unresolved, as tax laws vary across countries, making cross-border transactions increasingly complex.
However, seeing some countries, like El Salvador, actively promote Bitcoin gives us hope for its future.

#Can Bitcoin Really Be Sold?# As long as the Chinese government classifies Bitcoin as illegal currency and does not participate in Bitcoin trading, Bitcoin will continue to operate at high levels, with the aim of enticing China to enter the market. Once China enters, the United States will massively sell off Bitcoin, resulting in a collapse. The purpose of the United States doing this is twofold: it resolves hundreds of thousands of debts and thoroughly undermines the Chinese economy, achieving two goals with one action. Additionally, do not believe the nonsense that cryptocurrency cannot be decoded; for the designers, decoding is quite simple. In essence, cryptocurrency is just a more advanced form of a 'Ponzi scheme' in modern society.

Let me show you how big the cards in the Fed's hand are. Look at a few numbers and experience the order of magnitude:
​U.S. debt, 36 trillion, see clearly, it is trillion, 1000 billion, the unit is US dollars;
​U.S. stocks, 60+ trillion;
​U.S. real estate, 40+ trillion;
​Counting other U.S. corporate bonds and various financial assets, it is heading for 150-200 trillion U.S. dollars. Therefore, if the Fed slightly adjusts the interest rate, it will affect the valuation of the hundreds of trillions of U.S. dollars in assets. The so-called dollar tide has the most direct impact on the fluctuation of the U.S.'s own assets of more than 100 trillion US dollars. A fluctuation of 1% is 1-2 trillion US dollars; a fluctuation of 10% is 10-20 trillion US dollars. If you understand this order of magnitude, you will know why the Fed is not controlled by the White House!

In the near future: Bitcoin and Ethereum will ignite a dual peak bull market!"
Additionally, BlackRock has released a report on Bitcoin, suggesting that investors allocate 1-2% of their portfolios to Bitcoin. This may drive inflows from wealth management companies and large pension funds into Bitcoin.
----BlackRock is the world's largest asset management company with assets under management reaching $11.5 trillion!
The holdings of Ethereum spot ETFs have significantly increased since their launch in July 2024, with the total amount of Ethereum held by U.S. Ethereum spot ETFs rising from 3.095 million to 3.41 million. This ongoing accumulation could have a significant impact on Ethereum's price, with strong buying pressure expected to push prices close to or above historical highs.

What is Bitcoin? It is a cryptocurrency, a virtual currency, and cannot be traced! In our China, Bitcoin and other virtual currencies are defined as illegal currencies. Currently, countries around the world are cracking down on money laundering. If Bitcoin were accepted by countries worldwide, it would be equivalent to tearing a hole in the law, which is clearly unacceptable to governments around the world. Therefore, as a commodity and an asset, despite its reasonable existence, it is obviously difficult to promote on a large scale and universally around the world, let alone in our China. So, let Trump play however he wants! Let Americans mess around however they wish!

Our education method has caused many people to miss the opportunity to get rich with Bitcoin. When many new things appear, many experts, scholars and leaders do not know what they are and blindly define them as fraud.
​In many cases, traditional and conservative educational concepts make individuals resist or doubt new things and new concepts, thus missing opportunities and affecting young people's innovative thinking.
​The emergence of Bitcoin and other cryptocurrencies is a disruptive innovation, and they have been questioned and misunderstood in the early stage. Because these emerging things are beyond the scope of the traditional financial system, many experts, scholars and leaders find it difficult to understand and accept them in the early stage, and directly regard them as fraud or risks.
​Reflects the difficulties of new technology innovation and change in the new era. In the rapidly developing digital age, new things emerge in an endless stream, requiring people to have higher learning and adaptability. For the education system and experts and scholars, it is also necessary to constantly update knowledge and concepts to better guide the public to understand and accept new things.
​Young people need to learn to think independently and bravely try new technologies and innovative products. In this rapidly developing digital age, new technologies and innovative products emerge in an endless stream, providing more opportunities and possibilities for young people. By thinking independently, young people can better understand these new technologies and innovative products, evaluate their potential value and risks, and make wise decisions.
​You should keep an open mind and not blindly reject new things. When facing new technologies and innovative products, at least you should first understand and study them to find out what they are, and then decide whether to accept or reject them based on your needs and actual situation. This can avoid missing opportunities due to misunderstandings or prejudices.
​Independent thinking does not mean not trusting others at all. When making decisions, young people can learn from the experience and opinions of others, but ultimately they have to rely on their own judgment. After all, everyone's life is their own, and they need to be responsible for themselves.

Trump has now replaced Musk as the spokesperson for cryptocurrency, promoting it everywhere. He will use cryptocurrency to do great things and aims to be a leader in the industry. Additionally, he wants the United States to strive to maintain its lead in the field of artificial intelligence. Trump has consistently emphasized two key phrases: cryptocurrency + artificial intelligence, while externally advocating for tax increases. The labels are very clear.

Meitu Tuchuan founder steps down from multiple positions, experts reduce holdings and change personnel. Recently, Meitu Inc. (1357.HK), taking advantage of the surge in Bitcoin, completely liquidated all its cryptocurrency holdings, with a profit of 571 million yuan. Meitu Jinfu has been renamed, and Wu Zeyuan, also known as 'Wu Xinhong', born in 1981, one of the founders of Meitu, has stepped down as the legal representative, replaced by Chen Cui'e, and the supervisor has been changed from Song Jiali to He Songlin. Wu Zeyuan has also stepped down as the company's executive director and general manager. The company's registered capital has decreased from 50 million yuan to 2 million yuan, while the paid-in capital remains unchanged.

Cai Wensheng, male, born in 1970 in Shishi City, Fujian Province, moved to Southeast Asia in 1993. Founder and chairman of Meitu Inc., chairman of Beijing Internet Era Technology Co., Ltd., chairman of Xiamen Huayu Network Technology Co., Ltd., and CEO of 265 Technology Co., Ltd.

U.S. national debt has skyrocketed to $36 trillion, it's like a bottomless pit! The Federal Reserve, in order to pay off this debt, has nearly worn out the printing press. During the 2008 financial crisis and the 2020 pandemic, trillions in national debt were issued within months. The more dollars are printed, the greater the risk of depreciation, like a balloon that keeps inflating and could pop at any moment.

At this moment, the U.S. government has set its sights on Bitcoin, with only 21 million coins in total, and now each coin is worth $100,000. Some people are dreaming big, either driving the price of Bitcoin to the moon, raising it to a million dollars each, or creating an extra 100 million coins out of thin air. This is truly a case of pulling a fast one, without even needing a piece of paper; it's quite an appealing thought!

But what is Bitcoin? Its price fluctuates like a crazy roller coaster, with daily changes of 20% not being unusual. Trying to use it to fill the $36 trillion national debt gap is no joke; it's like skating over a cliff—one misstep and you could be shattered to pieces. Moreover, the electricity consumed by mining is terrifying. According to a study by Cambridge University, its annual electricity consumption is greater than the total electricity usage of Sweden. If Bitcoin were to be used on a large scale to support national debt, the global power grid would likely collapse.

Internationally, countries are hoarding over $7 trillion in U.S. debt, already dizzy from the fluctuations of the dollar exchange rate. If the U.S. really dares to use Bitcoin to pay off its debts, other countries will definitely speed up their sell-off of U.S. debt, shaking the foundation of dollar hegemony.

The root cause of the U.S. national debt problem is its uncontrolled spending, living beyond its means. To truly solve the problem, it must honestly cut expenditures and boost the real economy, rather than constantly looking for shortcuts. Otherwise, in the end, it will be a case of losing more than one gains, completely ruining the credibility of the dollar, and then there will be no place to cry!

BlackRock has already acquired 500,000 bitcoins, and Fidelity is close to 200,000. American capital is slowly buying up the circulating bitcoins in the market!
​It should be noted that the total supply of bitcoins is limited to 21 million. The giants are hoarding, causing a sharp decline in circulation, making scarcity increasingly prominent, and prices are easily driven up. Over the past decade, bitcoin prices have fluctuated like a roller coaster but have also risen against the trend multiple times, attracting countless investors to follow suit.
​Once it truly rises to $500,000 per bitcoin, the global financial market will be shaken to its core. Many small countries' currencies will pale in comparison, and if bitcoin becomes popular for foreign trade settlements, the exchange rate system will face a reshaping, traditional bank transfers and foreign exchange businesses will be impacted, and fee income will sharply decrease.
​Moreover, current regulation is still in a phase of 'feeling the stones to cross the river.' Bitcoin transactions have strong anonymity, making it a breeding ground for money laundering and illegal transactions. Rapid price increases also lead to a sharp rise in regulatory difficulties.
​Bitcoin, while highly popular and with great potential, ultimately hangs over us like the sword of Damocles. It carries huge financial risks, relying entirely on market sentiment and capital manipulation for its ups and downs. Blindly chasing it could lead to ruin; only through moderate regulation and rational perspective can we avoid being 'led by the nose' by it, preventing the financial market from spiraling out of control.

Why do we always miss opportunities to get rich quickly through the internet, Bitcoin, buying houses, and Taobao?
I've summarized it: courage, vision, and initial capital. These three factors limit the life heights of 99% of ordinary people...
If you want to seize the opportunity, you must be prepared for the risk of being hurt by not catching it. Just this unknown risk stops how many people?
It is precisely because of the unknown risks that you never dare to gamble and instead wait for others' feedback. By the time you confirm the opportunity is safe based on the feedback of predecessors, the timing has already passed. Then you regretfully post, 'If only I had done this back then, I would have become rich. If I had known... I would have...'

Will Bitcoin reach 1 million in 2025?
I don't know about 1 million, but 200,000 is no problem.
Many altcoins have already multiplied several times in this round.
Tenfold coins, hundredfold coins, are constantly emerging.
Yet many people are still asking when the bull market will come.
If you ask again, then wait until two years later, when you compile the list of hundredfold coins from this bull market, and continue asking then.
First, it is important to have a basic understanding of this bull market: Bitcoin is expected to reach 100,000 in 2024. The bull market may extend to 2025 or even 2027.
Bitcoin stands firmly among the world's eight major assets. What does this information indicate?
"It shows that Bitcoin is no longer just for miners; enthusiasts can’t just dabble and use it as they please."

The whole world is buying US stocks
The Bloomberg data I saw today: US ETFs are projected to see inflows of $1 trillion in 2024, breaking the $1 trillion mark for the first time in history.
In simple terms, it means: the whole world is buying US stocks.
The Bosera S&P 500 is no longer available for purchase, but that's okay, there's still Nasdaq.
If you can't buy $10,000 or $1,000, that's fine, you can still buy $100.

Recently, Western countries have been going crazy buying Bitcoin, and there is something interesting behind it. Everyone knows that the founder of Bitcoin is called 'Satoshi Nakamoto', but no one knows who he is. By deliberately taking a Japanese name, it is intended to make everyone feel that it is related to Asia, so that people do not become alert.

In fact, this is just a trick by the West. From gold to oil, and then to Bitcoin, they have always been manipulating it. Bitcoin was almost free to earn at the beginning; early investors spent almost no money and made a lot. Later, those who followed saw the price rise, felt they missed the opportunity, and hurried to buy, resulting in them becoming the bag holders. The early investors had little cost, and now ordinary people have to spend a lot of money to keep up, and in the end, it just means 'getting harvested'.

The real profits go to those big capitalists who were already prepared. Last year, major American companies quietly bought a lot of Bitcoin and made a fortune. But when the market crashes, what remains is the losses of ordinary investors. Western countries are good at making money through market fluctuations, exploiting everyone's greed and fear.

Therefore, I believe that things like Bitcoin should be strictly regulated, or even banned. It looks like something new, but it is actually a financial tool, and in the end, the ones who suffer are still us ordinary people. The stricter the regulation, the smaller everyone's risk; otherwise, it will always be those big capitalists who profit.

Everyone is welcome to share their views and discuss in the comments!