Crypto

Overnight, Bitcoin slightly dipped below $30,000 but quickly rebounded, currently sliding along the $30,000 mark. A discussion about the entry barrier for cryptocurrency investment has sparked a debate in the overseas crypto community. It began when a newcomer asked a prominent figure how someone with just a few thousand dollars could start investing in crypto. Should they invest in Bitcoin, Ethereum, meme coins, or altcoins that outperform Bitcoin? Is it reliable? ...

Overnight, Bitcoin remains above $30,000, maintaining its consolidation for the 25th day since June 23rd. What is the key to successful investment? Many have witnessed people abandoning beta (average returns) in pursuit of alpha (excess returns), selling Bitcoin for meme coins, only to end up not outperforming the market and suffering significant losses. While some courageous individuals may regroup and start again, others might become disheartened and exit the market. ...

Overnight, Bitcoin continues to consolidate above the 30k level. Looking at the weekly chart, the previous day’s court ruling regarding XRP, which obtained a 2/3 non-security designation, turned out to be a mere “show of empty positivity.” It further depleted the market’s strength and brought everything back to square one, continuing the trend of slight decline. Short-term speculators have been repeatedly washed out, while long-term hodlers are unable to sell. Market liquidity is drying up, yet there is a lack of substantial catalysts for a significant change, resulting in the current awkward situation. ...

Overnight, BTC continues to consolidate above 30k. It’s a garbage time for traders but a golden time for hodlers. The longer it consolidates, the more fear it instills in many people. The more afraid they become, the less inclined they are to accumulate more or even consider reducing their holdings for safety. There is a superstitious saying among technical analysis enthusiasts, “Consolidation leads to a drop.” Jiao Chain doesn’t understand this saying. Drop? In which direction will it drop? If that’s the case, wouldn’t a 1/BTC candlestick chart indicate a rise after prolonged consolidation? It shows that technical analysis, if not entirely useless, is at least largely ineffective. ...

If you followed the investment advice of the BlackRock CEO and went long on Bitcoin yesterday, you would have probably learned your lesson from the market today. Today, let’s take a look at how Levermore, more than a hundred years ago, fell victim to trusting the views of the big shots and ended up losing money. ...

Often, friends struggle to determine the target amount when formulating a long-term investment plan. Some friends, with lower incomes, find it difficult to imagine owning 1 BTC, which is valued at around $30,000 or over 200,000 RMB. On the other hand, friends with more wealth feel that buying a few BTC doesn’t seem satisfying enough. ...

The English word “Paradigm” means “a typical example or pattern.” The most common usage is in the phrase “Paradigm Shift” , which refers to a fundamental change in the basic concepts and practices of a scientific discipline. It is a concept in the philosophy of science introduced by American physicist and philosopher Thomas Kuhn and incorporated into the general lexicon. While Kuhn initially limited the use of this term to the natural sciences, the concept of paradigm shift is also used in many non-scientific contexts to describe profound changes in fundamental models or perceptions of events. ...

After a sudden surge to 31k, Bitcoin quickly retreated overnight, briefly dropping below 30k and currently maintaining consolidation near that level. This scene reminded Jiao Chain of our defensive counterattacks against Vietnam in the 1970s and 1980s. We would strike with full force and swiftly retreat, engaging in a decade-long border war to exhaust and defeat the enemy. This approach avoided getting deeply entrenched in a war quagmire while effectively undermining the enemy’s arrogance. By strategically retreating, occupying advantageous positions, and engaging in attritional warfare, we achieved our strategic objectives at minimal cost. ...

The most primitive storage need of humans, similar to squirrels storing pine cones for winter, is an instinctual response to future problems. This instinctual behavior does not require humans to possess such advanced thinking systems in their brains. Squirrels and many other animals can also anticipate the future. ...

Ever since Ethereum transitioned from PoW to PoS, the discussion and collision regarding the security of PoS and PoW have become a focal point. As early as November 6, 2020, Vitalik Buterin wrote a blog post titled “Why Proof of Stake” , where he conducted some calculations. His calculations indicated that, given equal security costs, PoS is safer than PoW. ...