$雪球 The so-called systematic investment refers to regularly buying out the shares held by the major shareholders in a long-term manner. After that, it will only repeatedly fluctuate and continue to fall to zero. Once the major shareholders have sold off their stock, retail investors will cut each other off. The liquidity of this market is extremely poor; a ten percent loss occurs with every buy and sell. Who would be willing to play? Gradually, no one will buy in, and it will become a dead market.
$雪球 I said that the snowball deflation is still possible, but it's not worth this price, it's overvalued, the price can still go down 10 times, those who are optimistic can slowly buy, are you still afraid that the money won't be spent?
Binance founder Zhao Changpeng denies accusations of cryptocurrency market crash
Binance's former CEO Zhao Changpeng stated that the ongoing accusations regarding the world's largest digital asset platform Binance's responsibility for last October's cryptocurrency market crash are 'very far-fetched.'
During an online Q&A session on Binance's social platform on Friday, Zhao Changpeng denied that Binance was the main driver behind the record liquidation wave that occurred when platform users faced technical failures and price discrepancies. After the crash, the company issued approximately $600 million in compensation to customers and businesses.
Zhao Changpeng said that there are still a group of people claiming that this crash was caused by Binance and demanding compensation for everything, but they are unlikely to succeed in the future.