In the 9th anniversary of the birth of Bitcoin, the last three months may be regarded as the worst quarter in history.
According to citicoins data, since the beginning of the year, Bitcoin prices have plummeted from a high of 17,533 US dollars to 6,573 US dollars, a drop of more than 65%, its market value of evaporation is almost three times the market value of Tesla, about 5.5 times the market value of Twitter. . At the same time, other cryptocurrency days have not been good, and the total market value of the market has evaporated nearly 500 billion US dollars.
Most investors can only wait passively, by default the arrival of a bear market
On the one hand, the popularity of the cryptocurrency market has continued to decline, and there has been a severe shortage of on-site funds. Currently, Bitcoin’s popularity has plummeted by 80% from the peak of last year, and the relevant indicators have fallen to 16%, maintaining the same level as last October. Market confusion has forced governments to increase supervision. In the case of uncertain market prospects, all major institutions and investors are in a wait-and-see attitude and are no longer easily admitted.
On the other hand, incidents such as breaking the ICO project, running on the run, and theft of the exchange often occur.
Under the temptation of market exorbitant profits, a large number of garbage projects with no technical value emerged. Ethereum's ERC20 format makes the ICO extremely simple. For example, etherparty, an open, user-friendly smart contract writing platform, facilitates the writing of smart contracts for non-technical users through template-based code generation, reduces the writing and use of smart contracts, and ultimately promotes smart contracts. And the use of blockchain in everyday life. It can be said that this time in a bear market, some people lost their wealth, but more people came into contact with the concept of digital currency. Everyone is looking for new projects and hopes to be a participant in the next round of myths of enrichment.
The reality is that most blockchain projects are garbage
For example, unbreakablecoin, with a strong name but no corresponding strength. Unbreakablecoin is a SHA-256 POW coin with a hard capped limit of 80 million UNB and a block time of 300 seconds. There is a two step block reward with 50 coins for the first 800,000 blocks and 25 since.
Peercoin, too little data, there is no confidence in people's investment.
Argentum uses the same scrypt algorithm as LTC. Blocking time is 32 seconds, each block randomly generates 1 to 5 coins, adjusting the difficulty for every 250 blocks, a total of 64 million, but after the total reaches, it will increase at a rate of 1.1% per year, as of June 11, 2013. Released on the day.
Personal investment advice
1. Do not participate in ico and make sure you invest in the secondary market. Because the primary market and exchanges have helped you screen out most of the trash coins.
2. Large-scale (70%+) allocation of quality assets (such as Bitcoin and Ethereum). Although the top-ranking value-added space is not as good as the bottom-ranking currency, the ability to resist risks is extremely strong.
3, choose a reliable assessment agency for reference. There will be some professional investment assessment agencies in the future, but they can't tell you how to fluctuate in the short term and need long-term holding to verify.
In the end, it is still necessary to maintain a healthy attitude and hold quality assets for a long time.
