After more than a decade of participation by a small number of IT technicians in the current traditional financial capital, digital currency has formed an unregulated virtual monetary capital market. Based on the principle of encryption, the holders of coins are anonymous. Therefore, all the traders are living beings, and black money, gray money and white money all over the world are ups and downs in chaos.
Recently, the digital currency market has continued to plummet. Bitcoin fell from 64,000 to 30,000 in only 40 days. Investors entering the currency circle in the later period have begun to lose money. The Dogecoins and some fake coins called by Elon Musk have dropped by more than 60%. Elon Musk's fans and investors are miserable. The clear zero-sum game has been hard cut by their own online celebrity.
The author recently interviewed Richard X, founder of a famous Wall Street hedge fund. This Middle Eastern elite with a super keen sense of business has joined forces with world-renowned psychologists, mathematicians, Silicon Valley Technology newcomers and Middle East consortiums, to launch the digital currency that is the nemesis of shorting - Angrycoin, which will bring an explosive impact to the current market.
The following is part of the conversation (Q&A, Reporter and Richard X):
Q: What is Angrycoin?
A: Angrycoin is a short sentiment coin. When the encrypted money market falls, investors will lose their bullish sentiment and choose a currency with reverse function. In other words, when countless currencies such as BTC and ETH fall, investors will choose to invest in Angrycoin. Angrycoin is like the other side of coin, representing the sentiment of many bearish investors.
Q: What is the function of Angrycoin?
A: Angrycoin is the "insurance coin" of virtual currency. It is not a strict concept of insurance, but has the function of hedging. When your BTC falls, there is still a chance to return some costs in Angrycoin, and even Angrycoin will bring you greater gains and surprises.
Q: What causes the price fluctuation of Angrycoin?
A: The first reason is investors' pessimism about the market during the bear market. For investors, whether they invest in fake currency, mainstream currency or technical currency, they will face losses caused by decline. Normally, investors will stop losses and choose Angrycoin to adjust their emotions. If there are more bearish people in the market, the popularity of Angrycoin will also lead to an increase, so Angrycoin is the result of investors bearish on the market or not.
The second reason is that bankers who do a lot of work usually have no extra market operation space in bear markets. Angrycoin will be a new bullish prop and will definitely greatly improve their capital efficiency.
The third reason is that there are tens of thousands of coins in the digital currency market. When investors switch hot spots between long and short positions, only Angrycoin is a profitable choice in a bear market.
The fourth reason is that many currencies are being taken the lead in buying up, and the market also needs to buy down to make profits.
Q: May I ask that there are many futures and options in the market, including short market tools such as ETF. What is the difference between Angrycoin and these tools?
A: The short-selling financial derivatives, futures, options and futures in the market are all leveraged and are not mature enough at present. According to the data of a digital currency exchange, which ranks among the top 3 in the world,Bitcoin's leveraged short contract has a short position rate of more than 85%; The so-called short position rate means that investors have lost even the principal; It can be seen that the short selling tools in the market make these investors experience super risks; In addition, the market attention and turnover of ETF products with reverse investment and without short position are very small, because so far such products cannot truly reflect the depth of digital cash's bearish market.
As the token, Angrycoin allows investors to invest normally in a bear market without leverage. At present, investors in digital currency in the United States have attached great importance to and expect its value and function. In a sense, Angrycoin is the other side of the balance, measuring investors' confidence in the market at all times.
Q: What is Angrycoin's slogan and vision?
A: Angrycoin, the short nemesis of global digital currency, has the vision of building a barometer of the short market in global digital cash and creating an Angry universe that belongs to 7.5 billion population
Q: Do you think Angrycoin will be accepted by the market?
A: All new things in the world need a process to be accepted by people. Angrycoin is a product of the development of monetary finance, investment psychology, computer distributed algorithm and social philosophy in the digital cash market in this special global period, and it may go through a stage of cognition like Bitcoin, but only when investors fall and cause losses will they feel Angrycoin's identity and warmth, which requires investors' own personal experience.
In a brief interview with Richard X, I realized that from the perspective of traditional finance, virtual currencies are virtual commodities with no value but temporary prices. Since there is no value, a series of fake air coins have been born: Dogecoin, SHIB, PIG and other animal coins, etc. Investors also think that they will soar and pursue them one after another. However, their floating profits have gone from several times to tens of hundreds of times to direct losses now. This feeling of ups and downs relying on capital is really thrilling.
Retail investors are contributors to the capital market. They form their own investment emotions by analyzing some superficial phenomena, which evolve into investors' confidence through self-hypnosis. However, the good times don't last long. When the bear market comes, these confidence will deduce back to negative emotions with the downturn of the market, and the result of failure will lead to anger against themselves. There is only one reason for anger: "greed". They are not sure about the profitability, which leads to heavy losses and anger. Have you ever felt the same way? ! This may be Angrycoin's natural mission!