Bitcoin: The Wealth Conspiracy of Major Countries? Will It Ultimately Go to Zero?
Since 2008, when the anonymous Satoshi Nakamoto wrote the Bitcoin white paper, this digital experiment, which claims to be 'decentralized and anti-financial hegemony', has always been shrouded in the shadow of conspiracy theories. Some firmly believe it is a revolution to subvert the fiat currency system, while more people assert that Bitcoin is merely a sophisticated tool used by a few countries and top-level capital to harvest ordinary global investors. Is it really a weapon for the state to harvest wealth? Will it eventually go completely to zero and become worthless one day? 1. The conspiracy theories surrounding Bitcoin: Who is pulling the strings behind the scenes? The conspiracy of manipulation surrounding Bitcoin has never stopped fermenting. The most mainstream narrative is that Bitcoin was carefully designed by an intelligence agency of a major country and the elite circles of Wall Street, with Satoshi Nakamoto being just a fictional alias. This narrative is enticing: using 'decentralization' as a disguise to attract global capital, ultimately leading to a harvest by the forces behind it.
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Now I only look at three things in the market: volume, divergence points, support levels.
Recently, when reviewing the market, I have increasingly felt one thing: The relationship between price and volume is actually more real than most technical indicators, and it better reflects the true behavior of capital in the market. In the past, I also liked to look at various indicators, such as MACD and RSI, but gradually I realized that if I only look at price without considering volume, it is actually easy to misjudge the strength of the market, because price can be driven by emotions, but volume is hard to disguise. So now when I analyze the market, I basically look at three things first: Volume, divergence points, key support levels.