Doge is crazy, but there's nothing new under the sun

6 May 2021

History repeats itself all the time, but human greed and fear never change.

Anyone who participated in the 2017 digital currency bull market will remember how crazy it was. The myth of the thousand-fold coin is constantly circulating. XRP was also a World War I god. But after that, I didn't stop on my way to zero.

Maybe some people made a lot of money in that bull market, but most people can wash their hands, hold on to their wealth, and change from now on? It's very rare.

In fact, this is not the exclusive currency market, any speculative market, has always been so.

In 1995, the shock of "National Debt 327" occurred in China's securities market. At that time, there was serious inflation in China's economy. In order to protect deposits, the government introduced the "subsidy rate" for bank deposits, which was a monthly compensation based on the inflation data and the interest rate. And this "guarantee stick rate" became "national debt 327" incident fuse. The specific process is not repeated, interested can go to the Internet search.

I had the honor to witness this historical event at that time. At that time, there were many rumors that some people could earn a Cadillac in one day (Cadillac at that time seemed to cost 600,000 RMB). However, on the day of the accident of "327", it was said that some people jumped off the roof of Shanghai World Trade Center after the market closed.

There were several big winners from this event, the most famous of which were Dai Xuemin of CECK, Wei Xin of Yongjin, Liu Han of Sichuan Province and Yuan Baojing of Liaoning Province.

These four people, are relying on doing "more national debt 327" World War I became famous, but finally ended up in the tragic ending, the last three is the ruin of their families.

Most speculators speculate once for life. Few people know the trade-off, so each man has to weigh his own weight to see if he can ride this windfall.

Suggestion: Speed up means that the end is not far away, this time to join in the fun, be careful to stay and pay the bill