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1

In the past, there was “Trump” tweeting to govern the country, and later there was Musk’s tweeting.

This Musk is really going in an increasingly absurd direction.

Yesterday, Tesla boss Elon Musk launched a poll on Twitter: Do you want Tesla to accept Dogecoin as a payment method?

Then, the currency circle went crazy, and many people urgently launched a vote.

As of press time, more than one million people have participated in voting, and 77.3% of users have chosen to support it. Most of them are probably Dogecoin holders.

The day before, on May 10, Musk announced that SpaceX would launch a satellite funded by Dogecoin. At the end of the tweet, Musk once again said "To the mooooonnn!" and spared no effort to bring goods for Dogecoin.

Affected by this, Dogecoin rose in the short term, once reaching $0.5467, and then fell slightly. Dogecoin is currently trading at $0.52.

Is this money really brought by the strong wind?

This is not the end yet. The story of "I can't understand it, but I'm shocked" continues to happen every day in the currency circle.

In the past two days, the C position in the currency circle has changed from Dogecoin to SHIBA COIN (Shiba Inu Coin). We call it Shib (Shiba Inu Coin) for short, and it is nicknamed Dogecoin Killer. The only purpose of its birth is to Kill Dogecoin.

The reason was that Musk tweeted again, saying that he wanted to keep a Shiba (Shiba Inu) as a pet, so it was understood that he wanted the SHIBA currency to skyrocket.

Then it really went up...

Dogecoin and shitcoin are collectively called the "dogcoin duo" by people in the currency circle.

A circle of "shit" flies together, and the trance is prosperous. Could this smell be the smell of copper?

Initially, Bitcoin was a rebellion against traditional currency, Dogecoin was a rebellion against Bitcoin, and Shitcoin was a rebellion against Dogecoin.

And now, they have all risen...

Judging from the history of their birth, it is obvious that they are air coins. There is such a great reason to deceive people that they are too lazy to make it. The founder made it clear that I made this coin just for fun.

2

In order to speculate in currencies, Musk is also crazy now!

In fact, this is not the first time Musk has stood up for Dogecoin.

Since this year, Musk has tweeted about Dogecoin many times, and has also hinted that he will put Dogecoin on the moon.

Under Musk’s crazy operations, Dogecoin’s highest increase exceeded 15,900%.

An air coin that was born just for fun, got on the rocket under Musk’s crazy platform, and rose 20 times that day, and more than 159 times in a few months.

If Dogecoin has risen horribly since the time of its issuance, it has risen 1,726 times, and this profit has to be crazy.

Come on, take a look at this K-line chart to let you know what a card is and what it means to drive you crazy and fly:

The above picture is called DOGE coin, trend chart in the recent period.

On January 3, 2021, its price was still US$0.008 per piece:

As a result, on May 3, it had reached US$0.74 per piece:

And unlike Bitcoin in the early days, not many people knew about virtual currencies at that time, but Dogecoin rose so crazily in full view of the public.

One day in the currency circle lasts a thousand years.

So who is this Dogecoin, and what value does it have that allows it to rise like this?

The answer is that it has no value. It is exactly what people in the currency circle call an "altcoin".

It originally appeared as a spoof to satirize virtual currencies. Its founders just thought it was fun. In their own words, "This is a joke that will definitely disappear."

However, such a fun thing has been pushed to the throne in the new round of currency frenzy, and as Musk calls out orders on Twitter one after another, he expresses his optimism. Dogecoin, Dogecoin is like getting on a rocket and flying directly to the moon.

As of yesterday, the market value of Dogecoin has exceeded 80 billion US dollars.

You must know that the market value of the entire General Motors is only 80 billion US dollars, and the market value of Dogecoin has caught up with the largest automobile manufacturer in the United States.

A counterfeit currency whose original intention was to satirize Bitcoin has instead become a popular object and been held to the moon, making countless people pursue and go crazy. This undoubtedly brings the satirical art of Dogecoin to its climax.

In fact, even Musk himself knows that the so-called Dogecoin is a ridiculous prank, but this prank is stained with the blood of leeks.

On May 9, Musk participated in hosting the veteran American entertainment variety show Saturday Night Live (Saturday Night Live). The host kept asking: What is Dogecoin?

Under repeated questions from the host, Musk's reply was: "Dogecoin is the future of currency. It is an unstoppable financial tool that will take over the world."

Finally, the host jokingly "suddenly realized": So, Dogecoin is a scam (hustle)?

Musk smiled helplessly: "Well... okay, it's a hustle."

One sentence brought down Dogecoin.

The market value of Dogecoin fell by nearly 40%, more than 20 billion US dollars of wealth evaporated instantly, and the wealth of countless people returned to zero.

What you can see is the diving K-line chart, but what you can’t see is that it has been damaged along with it, Musk’s credibility and Tesla’s brand value!

Didn’t you see that Tesla’s stock has continued to fall recently, and Tesla’s sales in April also dropped severely!

The boss of a company, instead of solving Tesla’s frequent brake problems, talks nonsense about it. How does this company make people feel?

No wonder some people will say: The reason for Tesla’s brake failure has been found, because Musk is obsessed with currency speculation and has no intention of caring about the side business of making cars!

Musk, you are so shameless!

Three

Behind Musk’s sudden wealth through speculation is a large group of drooling leeks who want to get rich overnight!

Some people who longed to achieve financial freedom through currency speculation saw Musk come out of the platform for a few days to take advantage of the ride, and they began to desperately increase leverage and increase their positions.

They don’t know that a storm bigger than Musk’s fall out is already on the way.

You must know that the biggest enemies of various private digital currencies, whether it is Bitcoin, Dogecoin, etc., are central banks of various countries.

Because this virtual currency that came out of thin air is a challenge to a country’s legal currency that has existed for hundreds of years.

So far, only a few countries in the world, such as the United States, support virtual currency transactions. There are still unexplained conspiracy theories running rampant behind the scenes, and China will not allow such a thing!

Look, on May 7, a notice from CITIC Bank broke the Internet:

From now on, any institution or individual is prohibited from using CITIC Bank accounts as Bitcoin, Once discovered, the transactions, deposits, withdrawals and other operations of virtual currencies such as Litecoin will be suspended or even canceled.

This is tantamount to closing the door and beating the dog, cutting off the lifeblood of the capital flow of countless currency speculators, and the signal it sends should not be underestimated!

Don’t think that CITIC is the only bank to take action, and other banks can continue to speculate.

Judging from previous domestic actions, a large number of banks will soon follow suit and ban virtual currency transactions.

On April 18, Bitcoin plummeted 17% in a single day, causing 500,000 people to lose 40 billion in wealth. This may be just the beginning.

The central bank’s promotion of digital renminbi is also accelerating. Just yesterday morning, the integration of digital renminbi into Alipay was widely spread, and some users can already see this function on Alipay.

If the country wants to develop blockchain technology and the central bank wants to issue legal digital currency, it must first rectify the name of the technology. If these inexplicable virtual currencies are not cleared away, how can we clear the way for legal digital currency?

History has repeatedly proven that the first thing the regular army does when entering the mountains is to suppress bandits.

In the eyes of the country, there is no distinction between Bitcoin and other virtual currencies. They are all altcoins.

The accelerated launch of national digital currencies is the death knell for these virtual currencies, and it is only a matter of time before they eventually return to zero.

What is the greatest value of virtual currency?

When Satoshi Nakamoto invented Bitcoin, his purpose was to use the decentralization of Bitcoin to create a currency that would not be inflationary and not controlled by any country’s central bank.

If Bitcoin is truly non-replicable and does not cause inflation, then it seems a bit reliable.

But it is too easy to copy a Bitcoin. It takes a programmer 3 hours to copy a new currency with functions that are as good as or even better than Bitcoin.

Irreplaceability and scarcity are both nonsense.

The emergence of altcoins has greatly affected the authority of Bitcoin, but later someone proposed the concept of consciousness, saying that the greatest value of Bitcoin comes from consciousness.

As long as everyone knows this coin, then they can only use this coin in the future. This knowledge is very valuable and irreplaceable.

From the time this concept was proposed until now, the value of knowledge has been the core foundation supporting virtual currencies such as Bitcoin.

Musk used his own actual actions to prove that whoever he said is consciousness is consciousness.

Musk is very good, but no matter how good he is, he cannot be as good as the country.

In addition to China, regulatory authorities in many countries, including the United States, are also taking action.

After all the noise and commotion, all that was left was white and really clean!

Four

Some people may say: You are right, but wealth can only be found in danger. As long as I take a shuttle and catch the rise of Dogecoin or Shitcoin, Son, isn’t it about wealth and freedom?

Indeed, the current virtual carnival that countless people around the world are participating in is still going on. Dogecoin may still rise, to 1 US dollar per coin, or to 2 US dollars per coin, but I don’t recommend that you go. invest.

Just like a gambling tool like Dogecoin, it has no national endorsement and no intrinsic value. Musk can send its price to the sky with a rant, and knock it into the dust with a ridicule. No matter how crazy you are now, you will inevitably end up with a lot of chicken feathers.

When the truth about the Ponzi scheme is revealed, big guys like Musk will naturally be able to leave the market calmly, but the fate of ordinary investors will be extremely miserable.

Don’t you see, in these years, during all kinds of financial scams, the tears shed when all the money was lost are not the saliva shed when greed first started?

After an avalanche occurs, which snowflake is innocent?

Take a look at the Dalian tragedy in June last year, when the whole family committed suicide by jumping into the sea due to a huge loss of 20 million in currency speculation. This is the most profound portrayal of reality.

Time and time again, we are warned by bloody lessons:

1. A gentleman loves money in a proper way, and should not get carried away by petty gains.

In this world, there are actually very few assets that can obtain an annualized rate of more than 10% without being subject to large fluctuations. Even for an investment tycoon like Buffett, the compound annual interest rate is only about 25%, which is already sky-high.

2. What you are greedy for may be the high interest rates given by others, but what they want is your principal.

No matter what the beautiful banner is, what blockchain, what AI+, if you want to achieve high returns on investment, there must be high risks and high volatility behind it. You must keep your eyes open for investments that promise high returns and low risks, let alone expect good things to happen.

3. Before dreaming of high returns, first keep an eye on your hard-earned principal.

The power of finance does not lie in short-term high returns, but in compound interest based on time. If you lose your wits due to profit and make a desperate move, the final result is often losing your wife, losing your troops, and losing both your life and wealth!

4. Never think that you are smarter than others and can escape the final blow of beating the drum to spread flowers.

Even if you had a lucky escape the first 100 times, if you fall for the 101st time, you will never recover. Only when you clearly realize that you are just as ignorant as others can you truly embark on the road to wisdom!

Finance is not a game that everyone can play casually. Don’t be tempted by all kinds of huge profits, be blinded by desire, and be that moth flying into the fire.

Please remember that there is never a free lunch in the world, and there are no pure fools. Those who drown are those who can swim.

The sickle is always behind the leek!

END

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