Secondly, everyone’s understanding of the currency circle is also very pessimistic. I always feel that the currency circle lacks monetary attributes, and it is more the fermentation of public opinion and capital hype that has brought the currency circle to its current level. This still needs to be understood from the perspective of the market. Only when there are transactions will a market be formed. Bitcoin also has the attributes of currency. Someone must agree with Bitcoin to have its current transaction value. In particular, Bitcoin’s anti-counterfeiting technology, unchangeable attributes, and fully transparent model include untraceability. These are the shortcomings of traditional currency. The most obvious example is that the United States and the United States are almost both countries that disagree with the legitimacy of the currency circle. However, the two countries with the largest currency holdings are also us and the United States.
The shortcomings of the currency circle are also very obvious. The first is financial risk. Untraceability breaks the barriers of the traditional economy, causing many people to use this method to launder themselves, which is completely out of control. The second point is the consumption of energy. The third point is Point challenges the status of legal tender, decentralization is not a challenge to us. In particular, you can pay attention to the fact that out of the 8 typical economic cases we published, the currency circle accounts for 2. If the above three points cannot be effectively solved, we will never be able to officially trade everything in the currency circle. At present, the risk is still greater than the profit. When investment is not proportional to returns, compliance can never be achieved.
This is also the pain point of Bitcoin. There is no physical implementation, but only the implementation of concepts and technologies. The range realizes value in everyone's minds, which sounds very illusory, but this is the charm of the currency circle. If you don’t realize the value of the currency circle, try not to enter the market for trading. I can’t believe that the currency market will not bring benefits to everyone. Going too far, let’s go back to this year’s trend. This year, many novice users have been attracted to enter the market for trading, and many users have very difficult choices about spot prices. At this stage, Bitcoin, Ethereum and Binance Coin are bound to appreciate in value this year. As for the entry point, you can start trading at any time. Lao Cui’s previous analysis article is only for contract users. Short-term corrections are completely unnecessary for spot users!
