A Talk on Bitcoin in 2016

It’s the first day after Christmas, and it’s a winter night with sporadic snow. It would be a waste to go to bed early on such a quiet weekend night. It’s better to make a pot of warm Pu’er tea and then we can talk about Bitcoin.

Today, due to the impact of the MMM collapse news, Bitcoin experienced a sharp drop. For ordinary spot investors, this is an opportunity to spread the cost and buy cheap coins again. This is a New Year's gift from the market!

For futures traders, today may be a sleepless night, as they are always concerned about whether the market will continue to plummet or stabilize and rebound.

Thanks to all the speculators in these markets, whether you are long or short, you have added liquidity to the market. The New Year is coming soon, and I hope you can have a good harvest, leave the margin calls in 2015, welcome 2016 with profits, and have a happy New Year.

Bitcoin, as an objective existence, cannot be reversed!

This sentence comes from the article "Teacher Li Xiaolai's Bitcoin Survival Guide (Advanced)".

In my eyes, Bitcoin is an irreversible invention. What is an irreversible invention? It means that it is nothing when it does not exist, but once it appears, the world cannot return to the state without it. Wheels, sewers, flush toilets, gears, engines, copiers, the Internet, mobile phones, sensors, social software, etc., are all such inventions. When they did not appear, no one would think that the world was missing something, but once they appeared and were invented, people began to use them. Once some people began to use them, the world would no longer be lacking these things, and people would even feel that they could not move forward without them.

I cannot refute the point of view in the above quoted text, so I believe that in the medium and long term, Bitcoin is a unilateral long market. This sentence is a joke that is sneered at by speculators. In fact, it is just a different way of measurement. Just like today's plunge of 300, for me, it is just a small fluctuation that makes me too lazy to make any transactions. But for speculators with full positions and 20 times leverage, they have already made several times the profit or been liquidated several times. So, I will write these words here quietly, but you may be unable to sleep at night in the big sword or the golden hour.

MMM’s collapse is a long-term positive for Bitcoin in 2016

I am not trying to be moralistic when I say this. My view on MLM may be more neutral than many people. In essence, MLM is a business model just like lottery, e-zubao and gambling. There are people who are truly deceived into participating in MLM, but there are definitely more people who just gamble with a gambling mentality. Losing everything is pitiful, but if you know that this is the consequence of greed, stupidity and laziness, then it may be a more reasonable attitude to treat it as an unchangeable existence.

In fact, there are many reasons for this round of Bitcoin's rise:

1. Bitcoin is in demand in more markets;

2. Progress towards compliance in Europe and the United States;

3. The two-year bear market has made Bitcoin's price undervalued;

4. More people see the investment value of Bitcoin;

5. The expectation of a supply reduction due to the 2016 halving;

6. The booming development of blockchain research;

7. The promotion of 3M MLM;

Among the above reasons, 3M's pyramid scheme is an obvious negative factor for Bitcoin. This negative factor is not only because Bitcoin may be implicated and hit, but more importantly, the use of Bitcoin by the 3M system is a huge uncertainty factor for the Bitcoin market. You don’t know when those Bitcoins will be sold, like a mine hanging over your head. Under such expectations, many investors have become more cautious and reduced their investment amounts. Moreover, the ultimate goal of 3M users is actually legal currency. There are very few Bitcoin users who can remain. Maybe they cause a large transaction volume, but since buying and selling are equal in most cases, the emergence of 3M is actually not easy to say what the real impact on the price of Bitcoin is.

With the collapse of 3M, this uncertainty will be released within a certain period of time, and at the same time, the possibility of being implicated and hit due to 3M factors will be reduced. This will contribute to the long-term stable growth of Bitcoin. Therefore, the collapse of 3M makes me more optimistic about the future price of Bitcoin!

The blockchain expansion problem will be successfully solved in 2016. The dispute over blockchain expansion once led to a sharp drop in August. With the initial consensus reached at the expansion meeting in Hong Kong, how to expand the blockchain is expected to be solved soon. The solution to this problem, no matter what method, can at least ensure stable operation at the technical level for a period of time, which will also help the development of Bitcoin.

Halving will make 2016 different. If the China Securities Regulatory Commission announces that the number of new shares issued in 2016 will be half of that in 2015, and will be reduced by half every four years thereafter, what do you think will be the reaction of the stock price tomorrow?
Against the backdrop of growing demand, the supply has been reduced by half. The consequences are obvious. It is possible to speculate on the topic of halving. At this stage, whether it rises or falls, it is just a preview of the market before halving. Are you ready?

Chinese-style regulation, the challenge in 2016 The transaction volume of Bitcoin in the Chinese market has reached billions of yuan per day (assuming that the transaction volume of each exchange is believed). Faced with such a huge trading market, it is impossible for the government to leave it alone for a long time, but it is also unlikely to close all of them indiscriminately. On the one hand, as the basis for blockchain application research under the new economic model, and on the other hand, as the experimental basis for global new finance, any of these two points is worthy of observation by the government under effective supervision.

Once Bitcoin transactions are brought under formal regulation, it means that this trading product is an asset type recognized by the government, and it is inevitable that it will be recognized as an investment product for large amounts of capital.

But I am still extremely wary of Chinese-style regulation, and you know why. The worst result is that, like the polar bear, Bitcoin is completely banned. If this happens, the price of Bitcoin may be hit to a certain extent in the short term, but after a recovery period, the price of underground circulation will be ridiculously expensive. If you know how much New York residents are willing to spend on Bitcoin, you will know that the government's ban is actually a good way to double the value of something!

In 2016, Bitcoin will become even stronger. If you are a short-term speculative trader, whether Bitcoin is strong or not does not matter much to you. Seize every opportunity and make more money. This is what you need to consider.

For industry practitioners and coin hoarders, there are many opportunities in Bitcoin in 2016, but please be sure to keep a close eye on your chips. As the price rises, more and more people will be eyeing those coins in your pocket, so please take care!

For newcomers who are considering investing in Bitcoin, here are some points for your reference:

1. Simply buying a few coins and hoarding them is better than any other investment and may become the investment you are most proud of in the next few years;

2. Don’t do futures, don’t do futures, don’t do futures;

3. Don't open the lever, don't open the lever, don't open the lever;

4. Don’t participate in any crowdfunding or financial management that you don’t understand;

5. Don’t pay attention to short-term prices and don’t think about selling high and buying low, you will definitely do the opposite!

I will accompany you to witness the growth of Bitcoin!

Text/Laomao
Bitcoin Reward: 123456cY7JYhLDNDsrKakmNrqF45gTDPA4
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