Recently, an interesting phenomenon has emerged in the cryptocurrency market. When discussing the price of Bit coin, the way people express themselves has changed significantly. In the past, investors and enthusiasts often used numbers like "70,000", "80,000", or "100,000" to describe the value of Bit coin. However, after a recent weekend, members of the English community have started adopting new expressions, such as "0.1 m" or "0.11 m" (where 1 m equals 1 million dollars).



This change reflects market participants' optimistic expectations for the future price trend of Bitcoin. Using million-level units to discuss prices suggests that many believe Bitcoin is unlikely to fall below the $100,000 mark again. This emerging way of expression not only embodies investors' confidence but also reflects the maturity and evolution of the encryption currency market.

However, we should also note that despite the positive market sentiment, the prices of cryptocurrencies remain highly volatile. Investors need to take various factors into account when making decisions, rather than just relying on the market atmosphere. In any case, this shift in expression does provide us with an interesting perspective on observing market psychology.
BTC-0.65%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Share
Comment
0/400
MeaninglessGweivip
· 07-23 09:00
This wave has just started, and it still needs to da moon.
View OriginalReply0
GasFeeBeggarvip
· 07-21 22:51
Everyone is talking about 0.1m, why am I still poorer than others?
View OriginalReply0
Rekt_Recoveryvip
· 07-21 07:50
been here since 2017, lost it all twice... still breathing copium n hopium daily fr
Reply0
DeFiCaffeinatorvip
· 07-21 07:50
short-term leek is just the leek tail, right?
View OriginalReply0
DaoGovernanceOfficervip
· 07-21 07:25
*sigh* fascinating how crowd psychology manifests in unit notation. per nakamoto's 2008 paper this was predicted...
Reply0
AirdropFatiguevip
· 07-21 07:24
It really plays at a million units.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)