Recently, Bitcoin and Ethereum have really risen so sharply, it is definitely not something an adult should do to break in.
Based on the same facts, different people can come to different opinions. I want to talk about my personal opinion.
Bitcoin is not a soap bubble. It is fundamentally different from the Ponzi scheme, because all Bitcoin players know all the rules of the game. This is a conspiracy. In this game, nothing is controlled by a few people. Unknowing secret information.
In the long run, the price of Bitcoin will continue to rise, because its scarcity nature will not change, and it is a special commodity produced with real energy consumption, and most of its properties are very similar to gold. .
After the fourth halving of Bitcoin production in May 2024, the price of Bitcoin is likely to be higher than today's price.
In the short term, the price of Bitcoin will fluctuate very sharply. It is normal to rise and fall by several hundred percent within a month. Don't be surprised, because this is a completely free market and it is a sufficiently complex chaotic system. Very similar to the chaotic weather system, various tiny factors may cause a storm, and it is unpredictable in the short term.
Strictly warn, never borrow money to speculate in coins, the risk of short-term speculation is extremely huge. Strictly warn again. I firmly oppose any short-term speculative purchases, especially if you borrow money or use leverage to speculate coins. You will lose even your underwear. How could you be an opponent of professional speculation institutions?
Four big drops in Bitcoin history
If you have the patience to hold it for a long time (at least more than five years), I think Bitcoin assets are a relatively safe, high-quality, and liquid long-term asset allocation.
In the past three months, Bitcoin has risen from 10,000 U.S. dollars to 20,000 U.S. dollars, and then surpassed the 40,000 U.S. dollar mark. This has led to high sentiment in the currency market and a strong speculative atmosphere. But what needs to be vigilant is that the carnival is usually accompanied by market bubbles and many risks. Don't cause irreparable consequences due to temporary "greed" .