You can't accept 60% slump, there is no eligible for gain of 6000% in 2021-05-27

Digital currency has been a new thing in globalization since its birth. Bitcoin first became popular from overseas geek circles, and then it was introduced intoour country's.

Therefore, every bloody storm in the circle is not only a great test for domestic investors, but also for overseas investors..

Faced with this crash, overseas investors are also shrouded in fear and sadness, but there are also firm believers overseas who are givingEveryone cheers and supports.

Next, I will continue to share with you an article by an overseas senior investor. The following is my translation and understanding of this article:

In the past two weeks, digital currencies have experienced one of the most horrific plunges in history.

From Heaven to Hell-----Bitcoin lost 50% of its market value, from $60,000 to $30,000.It all happened in 11 days.And within those 11 days, it dropped another 34% ($15,500) in one 24-hour period!

At the same time, Ethereum's plunge was even more tragic. Within 11 days, it lost 60% of its market value, from a high of $4,384 to a low of $4,384.$1734.

Such price swings surprised everyone.People were surprised that such a price crash happened in the middle of a booming bull market.It's simply another "corona slump", with the only difference being that there doesn't seem to be any black swan event this time around.

Why is this happening?

The simplest answer is: as much as the price rises, the price will plummet.

At the bottom of the slump, the price of Ethereum was back to where it was 53 days ago, on March 29.And now (note: this refers to the time the author wrote this article on May 25) its price has returned to 28 days ago.Bitcoin fell all the way back to the price it was 110 days ago.

We would lose our sense of direction if we indulge in these two weeks of charts, but if we lift our heads up and seeLooking at a larger, longer-term price chart, we see that this plunge seems to be expected.

Bitcoin and Ethereum cannot go up all the time.They change in response to changes in the macro environment, and from a long-term chart, this slump is normal.

I thought of two old sayings in the investment market:

The first is: the bull market must overcome fear.In a bull market, every drop, especially a sharp drop, always makes investors anxious, they worry that tomorrow will be even worse?And when we have finally accumulated a slow and small rise again and again, the market may ruthlessly wipe out all these fruits in one day.

The second is: the steps seem to rise, and the elevators seem to plummet.In other words, when the market goes up, it always goes so slowly and takes so long, and when the market goes down, it comes as fast and as violent as a storm.

This looks horrible, but that's how digital currencies are, rising and falling are so asymmetrical, and the rhythm is different.It took 150 days for Ethereum to go from $700 to $4,300, but it took only 2 weeks to drop to $2,650.

This is a beating, no one is spared, it tests everyone's confidence.

We have to learn to live with pain.

The ideal investor is calm, thoughtful, and unaffected by emotions.

But we are people and we have feelings.We finally bought Bitcoin and Ethereum with our hard-earned money, and then watched them go up and down in the market with fear.

In the traditional investment market, the annual income is 5% to 15%, of course we can take it with ease; but in the digital currency market, onlyThe time we read an article, we can gain 5% to 15%, which is difficult to calm down.

I'm sure everyone has been quite excited over the past few months, but the past week has been excruciatingly painful, which is normal.Pain is inevitable.Because you enjoy the excitement when the market goes up, you have to endure the pain when the market goes down.

How can there be only sweet fruit?We must also eat the bitter fruit.This is a time to test our confidence and a means for the market to cast off the unsettled.

You can't stand a 60% dip, you're not eligible for a 6000% surge.