It's human nature to be short

Sarah 2022-04-23 07:01:13

2016.7.1.22:18, Bitcoin price 4498, five times leveraged buy.
2016.7.2.21:02, Bitcoin price is 4670, the net gain is close to 15%.
I'm not showing off how much money I make, I'm actually watching this movie when the price is going up. The price was going up, I was really excited, and as the movie went on, as the price went up further, the sadness spread step by step, and the finale sounded, and I even had the urge to cry. The theme of this movie is exactly what I have been thinking about in recent days. After watching the movie, I have been thinking about it for a long time, and I think this is the answer I want.
I have only been in the Bitcoin market for less than ten days, but today, my return rate is astonishingly over 60%. I am very happy to make money. Although my principal is not high, the real return value is actually not that much. Horror, but who is the bookmaker behind such huge volatility in the Bitcoin market recently? The market fluctuated by more than 7% throughout June, and the profit of the bookmaker was really unimaginable. Who will pay in the end? They are people who dream of making a fortune. Some of them may still be paying their mortgages, some may have just given birth to a child, some may be sick and have spent most of their savings... But they all saw nearly two bitcoins. Crazy, with savings and eyes closed, they entered the arena and began to dream their Spring and Autumn Dreams. I am fortunate enough to make money, where does the money I make come from, and where does the huge profit of the bookmaker come from?
I didn't know much about Bitcoin when I first entered the market a few days ago, I saw my money drop by 13% on the first day, so I did a little homework, I know about Bitcoin in general, know its History, its value, and then based on my understanding of Western economics (to be honest, I think I have a good character recently), I began to turn losses into profits and gradually gained profits. But when I was learning about Bitcoin, I saw someone on Weibo saying that the Bitcoin market is a drum-beating, pyramid scheme. I had the urge to explain it to him, but thanks to Sina for freezing my Weibo account and preventing me , In fact, what I wanted to say at the time was that Bitcoin is valuable support, but I do not deny that the Bitcoin market has recently entered a bubble period. In the next few days, as the income increased, I reflected on the statement that Bitcoin is a pyramid scheme. My basic point of view has not changed, but I thought that there may be no essential difference between such a market and a pyramid scheme. It is a group of people who understand People with the essence of things fool the blind and daydreaming "rabble people". Whether it is illegal or not may depend on whether the target has value, and its essence may be just the transfer of wealth.
Fortunately, I saw this film at this point in time. The pattern of the film has risen by many levels than mine, but here I found the answer. Yes, I was right, the entire financial system, and even the entire world, is full of brutal wealth transfers, once madness starts to ignite in the crowd, depersonalized individuals will be contagious, madness can be as rapid as the plague It spreads, but no matter how grand a party is, someone will always pay for it. The madness fades away. Ordinary people have lost their savings, jobs, pensions, and everything, and mourned everywhere. "The Big Short" shows this kind of sadness, this sadness contagion gave me.
I know there will be reconstruction after the depression, and the process of reconstruction will be the next madness. Poor people must have something to hate, but I still feel sad from the bottom of my heart, but all I can do is try to make myself crazy Being rational, I don't expect to save anyone, nor do I expect to punish anyone, I just don't want to mourn for myself one day.

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Extended Reading
  • Lamont 2021-10-20 19:01:00

    It's definitely a surprise of the year. I thought that the financial crisis had been talked badly, and there were so many celebrities doing what they did. I didn't expect to use such humorous black humor lines and celebrities who broke the fourth wall to come forward to explain, which caused doubts. Immediately explain it to the audience. And what hides under this funny surface is a deep sorrow, the sorrow that ordinary people pay for everything and the wicked disappear without a trace, and the final words are very straightforward.

  • Onie 2022-03-19 09:01:02

    3.8 stars. This movie about the 2008 American financial crisis was watched for five hours. Because there are too many financial terms, watching this kind of movie will be frustrating, but when you know the background and some financial vocabulary, the film is slightly black. Humorously, using the most popular examples to explain to you by jumping out of the scene, you now know what the subprime mortgage crisis is, short selling and CDO. Male gods gathered in the show. A sense of accomplishment after watching

The Big Short quotes

  • [last lines]

    Mark Baum: Okay. Sell it all.

  • [repeated line]

    Mark Baum: I love my job.