How Short are Bitcoin Chains and How Insufficient Needs to Change History

According to recent news from MicroStrategy, a well-known bitcoin giant, it recently bought back 7,002 bitcoins worth an average of $ 59,187 with around $ 414 million in cash. According to the latest statistics, MicroStrategy currently has 121,044 Bitcoins worth $ 3.57 billion, with an average value of $ 29,534 per Bitcoin. It is obviously profitable. The results have doubled and I am still not satisfied. Modern Bitcoin purchases are still low. Of course, big profits are also a big reason to be tempted to buy at the current price, but the average price is still very low everywhere.

This news reminds us how long it has been since schools in America have bought a lot of Bitcoin. Of course, some schools may switch to buying, but the situation is rarely the same as the news can confirm the recent blues idea that demand takes time, in short for Bitcoin is not enough. bullish ”, but it is clearly slower than the bull market believed in the past.

From Bitcoin's point of view on contract chips, the hold on the long cap hold continues to grow. This purchasing power certainly blocks too much space, but another fact is that, undoubtedly, this power is not the market price. , they buy long-term coins at low prices when the market is down, but not the "bookmakers" and raise the prices to create a business. Strictly speaking, it's like a bitcoin miner. Some competing chips expect a higher price without raising the price. I'm confident in the future of Bitcoin, but I'm basically waiting for another “support sedan chair”. Currently, there is not enough power to lift the seat of the sedan, causing Bitcoin to fall into a short-term platform shock. , lose too much, then move back, then get up a bit and then fall. The power of the ups and downs seems insufficient in the short term.

It should be noted that the term used here is "good demand". What is a good request? For example, India is known as one of the biggest rice exporters in the world. In fact, hundreds of millions of people in India are starving to death. Are hundreds of millions of people turning down requests? However, in the global economy, demand cannot be generated, and in simple and negative terms, demand is demand and demand is demand. During the Great Depression, millions of Americans went hungry, but farmers gave up their milk and needed it, to no avail.

It will take some time for the good demand for Bitcoin to improve, and as the “deal” grows rapidly, it won't take long to build up when the stock is slowly digesting. . Overall, Bitcoin market growth is likely to be similar to that of US stocks, in short, with minimal pure and sustained earnings. In the long run, it's always a mess and the payoff is just as short. You will see this increase. will be larger, the drop will be smaller and then it will gradually increase. This process is exempt, at least in terms of liquidity and rapid consumer growth.

Due to the lack of good short-term demand for Bitcoin, it can be seen that the demand advantage determined the upper limit of most market problems, and changed and transformed the development of policy. and the global economy.

Looking at the history of the world, we can see that there is a law that effectively determines the superior market and the lower cost model determines the market. . many countries.

We know that we can look at the improvement in modern economic history by the Great Depression of 1929. The cause of the Great Depression can be seen as overproduction due to lack of good demand. There has been no increase in demand, but production is still expanding, so an equilibrium crisis will come. At the national and international level, that would be incredible because the majority of the population has a real need but does not produce a good demand. It's a design problem. Rich and poor, the government cannot meet the demand.

Without revolution, the benefits of reform are always limited. Therefore, the crisis of depression has not passed. The ultimate solution to this crisis was World War II. The war destroyed European production and reduced production, as well as transforming the demand for electronic technology and the potential to lead to another golden age of industry.

The concept of European and American commerce at this time was Keynesianism. Historically, Keynesianism has not been able to alter the patterns of change and, like grains, has only broadened the ideal needs in an expansion by increasing public spending. . The method of making steamed buns has been improved, and after absorbing moisture, they seem heavier and heavier than dry cookies. He doesn't increase the diet much, but he does like to make you feel full. The costs are also higher as the public debt increases to increase public spending.

However, in order to compete with Soviet socialism, Keynesianism could not retreat after WWII, but focused on community health to win the minds of the people. The greatest workers in the era of big business are the workers, who would not have indoctrinated themselves in Soviet opinion if he did not love the workers? Therefore, high costs require high health and wages, and because it is possible to benefit from high costs, there may be stagflation (the end of the golden age) from 1970 to 1980, but it's possible. not maintained. no. Fortunately, the capital finally waited for its weakness to compete with the Soviet Union.

In the 1980s, when Reagan and the Soviet Union began to decline, the so-called transition era occurred because the United States and Europe could not resist it. However, at the time he was 90% taxed by the Keynesian IRS, and it is unfortunate that he has since become the Keynesian's strongest opponent. Since then, the so-called average income of the US workforce has not increased, so how have total costs increased since then? It's no surprise that America's middle class has fallen from over 80% to less than 49% today.

With the fall of the Soviet Union, this reversal could not be stopped. The main method of entrepreneurship is two scams. The first is deindustrialization, in which workers are dispersed across a wide range of unsustainable industries, and it does not appear that deep down this poses a threat. The second is that market capitalization changes market capitalization. Because the theft of market capital (the key model is war) is predominant through nuclear deterrence, another alternative to looting is finance capital, which uses financial instruments to loot or reduce the cost of the sample. The demand has increased. Since then, money has become the most important weapon.

Readers will be able to understand for themselves the current global political and economic system ruled by the United States from the perspective of optimism. I will not appeal due to space restrictions. The point is that laws that vary from country to country and country to country are often used to modify or improve efficiency. Of course, decentralized currencies like Bitcoin are essentially fraudulent, waiting for the miracle of time.