After the new virtual currency policy of the thirteenth department came out, the group was fried. Some people have finished saying that USDT should be cold; Some people shout that Bitcoin is going to plummet.

I think, why panic?

Let's talk about my own operating habits - don't touch the USDT trading chain at all, and directly engage in C2C Bitcoin spot. Why? It is to prevent this hand. Now that I think about it, this may really be the right path.

There is an interesting logic here: if a large number of people panic and exchange USDT for fiat currency, where can the money go? You can't deposit it all in the bank. There is a high probability that there will be an influx of hard currency such as Bitcoin, and the price of the currency may take off directly, and 500,000 or 1 million US dollars is not a dream. Policy impact? Maybe it became a booster.

Look at the timeline again. The policy was released on Sunday, and the market was as stable as an old dog that day; Monday's wave of decline, everyone with a discerning eye knows that Japan's interest rate hike is the fault, and the blame policy is too far-fetched. And if you read the document carefully, you will find that the focus is on illegal operations such as money laundering and illegal cross-border funds, not normal buying and selling for ordinary people. Just like the knife itself is not illegal, it is illegal to cut people with a knife - the same is true for USDT.

Of course, it is false to say that you are not worried. But there are always more ways than difficulties. My strategy is to place a high sell order, in case USDT is really depegged in the short term, it is a good time to pick up cheap. As long as TEDA doesn't explode on its own, the price will come back sooner or later.

In the final analysis, the essence of this type of policy is to fill regulatory loopholes, not to overturn the table. Figure out the boundary between "illegal use" and "normal holding", and don't scare yourself in order to live a long life in the market.