Last night, Bitcoin plunged again, and more than 100,000 retail investors experienced liquidation.
I believe everyone is very puzzled. Why is this Bitcoin in the news soaring and plummeting, and hundreds of thousands or even hundreds of thousands of people blow up?

Even the Xinhua News Agency said that Bitcoin is a legend of riches or a legend of liquidation?
The truth of the matter is very simple. Whether it is a big rise, a big fall, or a repeated ups and downs, it is for one purpose: that is, to harvest the wealth of ordinary people more efficiently.

Many people may think that if big players want to make money, they should keep raising the price of Bitcoin. In fact, no one takes the sky-high Bitcoin, just a bunch of useless code.

The real way to make money is to use the myth of rich Bitcoin and the artificial concept of rarity to continuously attract funds to enter the market, and then harvest these funds. Bitcoin itself is just a tool, a cover, and the constant rise and fall is the basis for making money.
Many people think that price increases can make money because there is no short-selling mechanism in China. In the Bitcoin market, a positive hand squeezes a short profit to make a lot of money, and a backhand short sells the long position. No matter whether retail investors buy up or down, as long as they add leverage, they are all dead. The funds in the entire market are all earned in the pocket.

Some people say that if there is no leverage, is it all right? But they are all engaged in speculation to play Bitcoin, and how many of them are not leveraged?

Moreover, the currency that has been rising all the way is not followed by anyone, and the price is too high and too scary. On the contrary, currencies that fluctuate constantly, especially those that fluctuate violently, can give people an illusion: I can! I can grasp the law of fluctuations, earn him a fortune, and then model the club.
But hallucinations are only hallucinations after all. There are a hundred ways to harvest leeks.

Let’s talk about the simplest and most common one: it’s called “acupuncture.” For example, it’s time to go up today, and a certain leek really judged that it’s going to go up, so we can use leverage to bet on it. However, before a full-scale rise, it will immediately plunge to a very low position, directly causing a large number of long leeks to burst, and then quickly pull it up, so that all short leeks will burst. Regardless of whether retail investors are long or short, it is the same death.

So the question is, why is it that only Bitcoin has always exploded and plummeted like this, and so many other investment products have not fluctuated so much? The reason is simple. There are two points: one is that there is no supervision, and the other is that resources are highly concentrated in the hands of a few players.
What does it mean to have no regulation? Without any legal restrictions, all shady transactions are gathered here, yet no country can investigate him?

In addition, although it is known as a decentralized currency, it can be seen from the table below that the addresses in the red box account for a total of 2.39%, and the bitcoins held by these addresses account for 94.89% of all bitcoins. From this perspective, about 2% of accounts control 95% of Bitcoin
If this is in the stock market, it is simply a huge stock.

You can go long with a large amount of money in your left hand, and go short with a large amount of chips in your right hand. Turn your hands for clouds and cover your hands for rain.

Sorry, in the Bitcoin battlefield, dealers can really control everything.

This is why we must ban Bitcoin hype. Because this is a battlefield completely controlled by international capital, no matter how much it is invested, it is the fate of being slaughtered.

Why do we have to go to a battlefield where the rules are set by others, and where we have a complete advantage? Our home game is the digital renminbi.

At the same time, everyone knows that the basis for Bitcoin’s existence is also a huge lie.

Some people say that the total amount of Bitcoin is fixed, it is rare and will not be inflationary, so it is valuable.

Although Bitcoin is limited, others can design more technologically advanced and better-used Bitcoin No. 2 and Bitcoin No. 3. The total amount is still unlimited.

What is really scarce is gold. Even if the total amount of gold in the entire universe is constant, the only way to create gold is the Big Bang. But even with such scarcity, hasn’t the price been consistently beaten by inflation? Although the price of gold has risen pretty well recently, is it not far behind inflation that has been extended to a 10-year or 20-year cycle?

Remember, all modern banks issue credit currency, which gives all countries almost unlimited power to print money, and gives them the power to continuously harvest wealth through inflation. The currency of scarce attributes? If I use this stuff, how can inflation go?

Therefore, the opponent of gold is the global mother. In the long run, it is destined to have no future. Only under super high inflationary pressures can we jump around. If Bitcoin weren’t because the big players are the capital of Wall Street, they could turn one eye and close one eye under the nose of the Fed, otherwise they would have been played to death.

Some people say that Bitcoin is decentralized and represents the direction of the future. But look at the concentration of Bitcoin’s chips, which is higher than that of any currency. Are you embarrassed to call yourself decentralized?

Finally, Bitcoin’s decentralized computing power also requires huge energy consumption to maintain. Ten thousand mining machines will consume 45 million kilowatt-hours of electricity in one month!

70% of the current energy consumption is provided by China and 4.5% by Iran. It is not because of the abundant and cheap electricity in these places, such as China’s Inner Mongolia, Southwest, and Northwest. It’s just that we can’t use the electricity in these places for the time being, so we will first dig and mine, so as not to waste resources.

Therefore, we now only prohibit trading, and temporarily do not prohibit mining, and when it starts to affect the power supply, the prohibition order will naturally come, such as the current Inner Mongolia.

So, back to the starting point of the topic, no matter what the rise or fall of Bitcoin, no matter what concept it throws, it is essentially the same. It is better to attract the inflow of funds and better harvest. This is a rule without kings. The Shura field set by international capital early is just that.

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