Let's talk about the way of investment. Is Bitcoin going to be ruined? Is encryption going to be ruined? If not, shouldn't we buy more and more as we fall? Recently, many people have watched Duan Yongping's interview, watching does not mean learning. Duan Yongping has always emphasized that he is an ordinary person, a simple person. In Lao Yu's view, people like Duan Yongping are good at grasping the essence/core of problems, whether it is entrepreneurship or investment. Just like the current market situation, the core is not the price, but your understanding of BTC and cryptocurrency. Just need to clarify two questions: 1 Will BTC be finished Will currency flood in the future. Transforming doubts into "specific and solvable questions" makes it easy to understand. There is no shortage of bearish people at any time, as there is always a subconscious belief that 'labor and management are the smartest'. When BTC reaches 12w, they will say that if it falls below 10w, I will buy it; When it falls below 10w, they will say that if it falls below 8w, I will buy. He won't buy even if it falls below 8w7, he will only buy the entire position when BTC breaks 15w. Whether 9w5 BTC is expensive or cheap depends on how long you stand in the cycle, not just the candlestick. Think about the problem from a different perspective. The reason why I am confident in the upcoming bull market is simple. 1. Crypto is the future, recognized by humanity as a store of value. 2. Governments around the world will continue to print money without restraint. I have to print. Taking the United States as an example, Trump said he is about to give Americans a $2000 subsidy (in whatever name), and I believe it will be given. Why, in recent elections in New York and other places, the Republican Party unexpectedly lost to the Democratic Party. This has made Trump wary of the 26 year midterm elections, and for him, no matter what means he uses, he must win the midterm elections. There is no better way to win an election than by directly giving money. No matter what name it is. After watching the West, it's the same when looking at the East. The local debt of Dongda and the government debt of the United States ultimately have to be diluted through excessive issuance of currency. This is the only solution. Looking back, is 9w5 BTC still expensive? It's not expensive, it's inevitable that fiat currency will become more and more expensive. Since we have grasped the essence of the problem, we will finish during the days of sharp decline, and leave the rest to time. As the saying goes, buying spot and lying flat is the best strategy!