crazy inscription

Hello, brothers, I am Zhu Yiyang, a trader. On December 12, Binance launched Bitcoin Inscription SATS. My social circle was once again overwhelmed by Inscription. The myth of getting rich is happening everywhere around me. On major public chains, Inscription seems to make money whenever you hit it, and the market has completely entered a crazy stage.

Everyone is making money, so who is losing money? This involves the concept that account wealth is not equal to cash. Account wealth refers to the market value of inscriptions.

When the price of inscription coins reaches a high level, only those who sell inscriptions in advance and convert inscriptions into money in advance will make money. Those who convert money into inscriptions at a high price will lose money.

Those who have made money and cashed it out are the money of those who held the inscription to the end. They are the money of those who were the last takers or those who have been holding the inscription and are unwilling to stop losses.

From an overall perspective, money just flows from one pocket to another. The inscription market does not generate substantial wealth. It is just a speculative game for wealth redistribution.

Don’t you know that this is a bubble that will burst? Of course everyone knows! But who says false prosperity is not prosperity! Everyone just thinks that they will not be the last to take over.

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