William: Musk thinks the price of Bitcoin is too high?
陳威廉
2021-02-21 06:02
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Will Bitcoin pull back or not?

Editor's Note: This article comes fromChatting with William (ID: William1913), Author: William Chen, reproduced by Odaily with authorization.

Editor's Note: This article comes from

Chatting with William (ID: William1913)
Chatting with William (ID: William1913)

, Author: William Chen, reproduced by Odaily with authorization.
I saw a piece of news yesterday (actually it was Bitcoin-related news reported earlier by the traditional media than the media in the circle), which is as follows:
Of course, everyone knows that Musk is joking.
The full tweet reply reads:

Peter Schiff is a well-known "bit black, gold fan". Although he is often ridiculed for his black bitcoin, he is a real economist, so everyone only teases him and respects him very much.
The original text is that he applied what Musk said before, "Bitcoin is as hot as fiat currency", and then commented: "Bitcoin and fiat currency are both bad, only gold is good!"
This led to Musk's comments.

But I think it’s a good thing to be told by Musk that the price is too high, if everyone hasn’t forgotten what happened in 2020. Let me help you recall that Musk tweeted jokingly in 2020, singing short of his company’s stock:
Then, as expected, it plummeted. A company boss who comes out to sing empty words by himself is really amazing.
So what happened afterwards?
Here's an extended look at the trend:
It has no effect at all, but it is a brand new starting point. After that, Tesla's stock price has risen seven or eight times.
So I really hope that Musk can really feel that the price of Bitcoin is too high, and let Bitcoin have such a round of carnival, haha.

Will history repeat itself? No one knows, but I'm looking forward to it.
In addition, yesterday I broadcast live on Weibo. The official Sina Finance event was titled "Can Bitcoin still be used in cars?" I have to say that Weibo is really the most Bitcoin-friendly platform. If it is to be placed on other mainstream media platforms, it is estimated that the title is not called "Is Bitcoin a scam?" It is considered friendly.
I don’t know how many friends watched the live broadcast yesterday. It doesn’t matter if you didn’t watch it. I will find time to edit out the more valuable content in it as soon as possible, and then make a relatively short video for everyone to watch.
And yesterday because of this event, I also got a great experience, that is, I clicked on the opening screen advertisement on Weibo, and I was actually able to see me:
I have to say, this feeling is really amazing. I have been playing Weibo for a long time. I used to browse and play by myself. I started to be a blogger and posted by myself in 2017. It should be ten years before and after. I never thought that one day this open screen advertisement would see me.
I have always thought that only stars can take this position, really, it's such a wonderful feeling.
“....”
Let’s talk about a more serious topic, that is, many people have asked me recently:
"XXX is bearish, what do you think?"
"Many people say that it will be called back, what do you think?"
"How long do you think the bull market can last, and will there be a pullback?"
Wait for these kinds of questions.
I still have to reply in a unified way, or the same sentence, if you are the type of "hearing that there is a callback", then I want you to think about it carefully, this person was six months ago, three months ago, in A month ago, or even before the Chinese New Year, did you say that you would call back? So what happened afterwards? Are you sure that he was bullish all the way until now to watch the callback, instead of watching the half-year callback and causing you to miss half a year?
If you are listening to what others say and you are very convinced, then I want to tell you: there will definitely be callbacks.
Not to mention that Bitcoin started from more than 3,000 dollars in 312, even if it was calculated from a stable 4,5,000, 5,6,000 dollars a month after 312, it has increased by more than ten times, and it has risen for a long time. After the big correction, the monthly line is basically up. So how can there be anyone in the world who really keeps rising and never turns back? The ten-year bull in the U.S. stock market has turned back many times.

But what do callbacks really matter to you? If you are optimistic about Bitcoin, then if you don’t buy it for 50,000, you will definitely chase the rise at 60,000 instead of pulling back to 40,000 to buy the bottom. The truth couldn't be simpler. The logic of long-term investment and short-term speculation is different. If you are sure that there will be a callback and firmly believe that the current price is too high, why not just go short?

If you don't want to be short, but just want to wait for the callback to receive the goods, this is of course OK, but it also shows that you are optimistic about the long-term market, so is 50,000 to 40,000 really much worse? Are you sure you can buy at the bottom of the callback instead of buying at the beginning of the callback?
So if you are optimistic, buy slowly, don't just stare at the line and wait for a callback. If you are not optimistic, go short directly, and don't stand still, just be a ruthless trader.
If you want to hold it for a long time, but also want to avoid short-term callbacks at all, you are probably thinking more beautifully than Di Lieba.
Finally, share a few tweets that make me feel like I'm on the verge of losing my job:

陳威廉
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