Bitcoin: Zero-value Systematic Risk

Systemic risk is an important index to measure the safety of financial market activities. Its power is like saying you can't do it. Even if the first 99 steps are right and the last step is wrong, you will lose everything.

The collapse of this butterfly effect will lead to problems in the whole system, and if it happens to be used by people with ulterior motives, the consequences will be incalculable. In the field of traditional finance, traditional finance must match traditional strategy, and it is obviously inappropriate to apply non-traditional strategy to traditional strategy. For example, putting the infinite daily limit of the encryption market in the stock market will cause financial systemic risks.

This is to tell everyone, but everything must be measured. Eat small fish is a big fish in the stock market, while retail investors are small fish. However, there is always only one big fish in the encryption market, and others are small fish.

The systematic risk of media disclosure encryption market is far lower than that of traditional market. To put it bluntly, because it is not part of the superstructure, it doesn't matter if everyone loses their attitude. The key point is that the knowledge of encryption market has been formed now, and the market group needed is relatively large. Giving it up completely will not be conducive to "recovering lost ground."

This lost ground is that I don't know what medicine is sold in the gourd and what's wrong with it. For the general public, "cognitive impairment" is an inevitable problem after entering the encryption market. Take the speculation of coins as an example. Many people have speculated for a long time and don't know where the focus is.

Should we look at the project or the project itself, or the digital trend behind the project tokens? This is called cognitive impairment. It is irrational to rush into operation after entering the market. If you happen to encounter a bull market, it is easy to have the mood of chasing high. At this time, important fundamentals are easily overlooked, and single-handedly belonging to the queue "beaten".

The market diving across the board is to lower the price basis point. Obviously, because the statue of Satoshi Nakamoto 16 landed in Hungary, many people who had been watching it came in early to watch too much. In the morning, the exchange exploded a round of troops, and Xiaobai who stepped on the entrance was not spared because of greed.

Warmly remind everyone to get off early, someone ate that wave of bonus; In the next two days, bitcoin fell all the way, which made many leeks waiting for recovery fail to wait until the end.

The scale of gray-scale bitcoin management has reached 640,000, equivalent to more than 3% of the total bitcoin. Although this part is just sprinkling water, it is still a booster to drive the whole international market into the encryption field. For them, the market decline is a good time to add positions, even if they fail to successfully bargain-hunting, they can still hedge accordingly.

If the market continues to fall, it will take a long time to consolidate. If you die before, you will rebound immediately, which proves that the market sentiment at this time is extremely unhealthy. If you encounter the momentum of pulling the board in an instant, you should stop at this time. The leeks who want to continue FOMO will definitely be dragged into the little black room.

If you have spare time, configure some value warehouses to keep them in stock. The "master" who makes contracts always praises himself for his good skills and strong sense of disk, which is wrong. Strictly speaking, anything less than 1000 followed by four zeros is collectively called leek, or when the weight is up, someone is lucky enough to find you and talk to you secretly about development.

If it doesn't come true, it is a group of people trapped on the island who get together to entertain themselves; This is the status quo, after all, the exchange also wants to eat.

This circle has indeed retired a lot of people. Occasionally three or two "mine accidents" are enough for many people to drink a pot. Even at the beginning of this bull market, the leeks who are passionate about the encryption market will always stay in the black and white range and never look back; This is the second main reason to avoid systemic risk, so that market participants can remain rational at any time and will not collapse.

American imperialists, including the United States, turn a blind eye to some sensitive aspects. In order to maintain financial stability, they will do whatever it takes to maintain the hegemonic position of the dollar, and gold will become the only authoritative reserve in extreme cases. At that time, everyone would turn their faces and deny people, and gold would become worthless. For the United States, this is a means to maintain systemic risks, but it is aimed at a broader level.

That is, secrets that cannot be told. For them, once the * * * knowledge is fully formed, the "value in value" will lose its meaning, so they will work harder to cultivate it before the * * * knowledge is fully formed.

This circle has indeed retired a lot of people. Occasionally three or two "mine accidents" are enough for many people to drink a pot. Even at the beginning of this bull market, the leeks who are passionate about the encryption market will always stay in the black and white range and never look back; This is the second main reason to avoid systemic risk, so that market participants can remain rational at any time and will not collapse.

American imperialists, including the United States, turn a blind eye to some sensitive aspects. In order to maintain financial stability, they will do whatever it takes to maintain the hegemonic position of the dollar, and gold will become the only authoritative reserve in extreme cases. At that time, everyone would turn their faces and deny people, and gold would become worthless. For the United States, this is a means to maintain systemic risks, but it is aimed at a broader level.

That is, secrets that cannot be told. For them, once the * * * knowledge is fully formed, the "value in value" will lose its meaning, so they will work harder to cultivate it before the * * * knowledge is fully formed.

The official will not copy the bottom, because this behavior is meaningless to the official. Just as there is enough rice at home, it is a truth to consider whether to buy rice when going shopping. The "rational result" brought by these people's cognitive biases eventually became the nominal systemic risk of El Salvador; Because of that or something, they are not afraid of things at all.

Even if the situation finally eases, the government mainly obeys public opinion, which is also called strategic compromise. Its purpose is only to prevent unnecessary extreme events, because those events are unnecessary to them and only superficial results, not objective results.

I have talked about the strategic significance and influence of El Salvador in the United States before, and now Brazil has really begun to standardize the encryption market. All these American countries, especially small countries with low level of economic development, will flock to follow suit. For them, nothing is more "economical" than blogs. Systemic risk is just a paper tiger to them, which needs to be judged according to the actual situation. If a place is deserted, it is difficult to form a big financial systemic risk, because there is no chance to form it. It's just that those small countries are fearless and go forward when they charge.