After buying 4,145 bitcoins at the bottom, Justin Sun expressed his views on the current market

Yesterday morning, TRON founder Justin Sun expressed his personal views on the current market through Weibo, and said that it is not a financial investment advice. The specific Weibo content is as follows:

" I would like to share with you some of my own judgments. I personally believe that the bull market is definitely not over yet. This decline is an adjustment in the bull market. The adjustment will end in June, and another round of bull market will definitely start in July and August. The reasons are as follows. Welcome to discuss:

1. The overall fundamentals of the cryptocurrency market are much better than in 2017 (stablecoins, Defi, Coinbase listing, etc.), but in fact the increase in mainstream currencies is not high. Bitcoin has less than doubled from its highest price in the last round, and most mainstream currencies have not even reached new highs, and have not yet reached the point of bubble overflow.

2. According to the bull market cycle every four years, the current time is in a late mid-term stage and has not yet reached the late stage. The sharp rise of Bitcoin in the late bull market has not yet arrived. On the contrary, Bitcoin has been consolidating for a long time.

3. The overall issuance speed of new projects in the cryptocurrency circle is not fast. Currently, the speed at which most mainstream exchanges list coins is very slow, which is very slow compared to the speed at which new stocks are issued in the traditional capital market.

4. The growth of stablecoins is very impressive, providing a large amount of liquidity. Currently, the issuance of stablecoins has reached 100 billion, and TRON alone accounts for 30%, or 30 billion.

5. A short-term sharp drop is definitely a good thing, as it releases a large amount of panic in a short period of time. If things go as expected, a sharp rebound in the short and medium term is about to come.

6. Regulatory factors have been priced in. In the short and medium term, we generally exaggerate the impact of regional regulation on cryptocurrency prices, which was proven in 2017.

7. The main trigger for this decline is the consensus chaos caused by Elon Musk, which is very similar to the fork in 2017. Currently, Elon Musk feels that there is no benefit from internal strife and has begun to turn bullish. The negative impact of consensus chaos in the short and medium term is not obvious.

8. Bitcoin’s dollar premium is quite obvious, which is also a good signal.

I am mainly focusing on projects, not a professional market strategist. Please do not take my personal opinions as financial investment advice. "

Sun Yuchen has always been a hot topic in the blockchain market. In addition to his extraordinary marketing ability, the TRON projects are also somewhat happy and sad. Some people regard Sun Yuchen as a typical representative of the issuance of hot projects, and some people affectionately call Sun Yuchen "Sun Ge Ge". When the market fell sharply on May 19, Sun Yuchen timely protected the market and prevented his more than 600,000 Ethereum positions from being blown up. Afterwards, he said that the bullet grazed his scalp at the time, but fortunately he saved the currency circle. However, in the face of this continuously falling market, relevant people said that they don’t know how long Mr. Sun’s long orders can last. On the other hand, Sun Yuchen also said that in addition to protecting the market from the previous sharp drop and buying more than 4,000 bitcoins at the bottom, he has been increasing his positions.

There have always been differences in the direction of the digital currency market, whether it is a bear market or a bull market, especially in the period of volatility. As an investor, you must always maintain a calm analysis and your own values, and not be swayed by market participants. The long-term plan is not to let yourself fall into a financial crisis. Investment is for a better life, and it will eventually return to life.

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