In the recent week, the price of bitcoin has been soaring, exceeding $60000 a few days ago, 14 times higher than last year's low tide. It can be said that the market is very crazy.

The price of bitcoin also fluctuates greatly. After reaching 60000, it has been adjusted back several times. Now the price is about 58500 US dollars, which has dropped a lot compared with the peak.

Every time bitcoin goes up or down, some people make a lot of money, but others lose a lot. Many people speculate that bitcoin is leveraged.

According to statistics, many people have burst their positions in the past month. The price of bitcoin dropped from US $60000 to US $55000 on March 15. More than 160000 people burst their positions, and the amount of burst positions was nearly 2 billion yuan. Some people even lost their money and went to zero overnight.

Bitcoin is no less a game than a casino. It's too low for ordinary people to invest or speculate to make money.

Bill Gates had previously warned, "those who bought in the bitcoin boom may not have so much spare money. So I don't look at them. My general idea is that if you don't have as much money as Elon, you should be careful. "

In addition to gates, Charlie Munger, the 97 year old vice chairman of Berkshire Hathaway, a longtime partner of Warren Buffett, has expressed a negative attitude towards bitcoin, suggesting that investors should not buy bitcoin like him.

"I don't think bitcoin will eventually become the world's medium of exchange. It's too unstable to be a good medium of exchange," Munger said. In fact, it's an artificial substitute for gold, and I never buy gold, so I never buy bitcoin. "
(2021-3-18)