Bitcoin is hovering at $10,000, and attention should be paid to the potential risks of centralized blockchain projects

There was another explosive news in the currency circle last night,Hangzhou Cunxin Data Technology Co., Ltd., the main operating company of GXB, was seized by Gudang Police Station of West Lake Branch of Hangzhou Public Security Bureau. Affected by this, its token GXC plummeted by more than 30% within 24 hours.

Gongxinbao was seized,In fact, it has little to do with the blockchain, and the focus is on "data", which is related to data crawlers and user data transactions. Because domestic P2P has exploded one after another, the associated big data companies that provide data crawlers are also facing illegal liquidation. Recently, data companies such as Magic Scorpion Technology and Xinyan Technology have provided data due to online loans, crawlers grabbed data, laundered data, and bought black data. The data, etc. were investigated by the police,The issue of user data privacy has been widely concerned by the society。

How much impact does this event have on the currency circle? I don't think so, it can only be treated as an isolated case. But for GXB itself, the impact is very big, becauseIts main business has always been in the data area. Even if the turmoil can subside this time, the follow-up development direction of the project is still a big problem, need to attract the attention of the currency holders.

This also shows that many blockchain projects are actually very centralized. Once something happens to the founding team, the project is basically not far from GG. This is completely contrary to the decentralized nature of the blockchain. Therefore, for blockchain projects, we have one more criterion for judging:The analysis of the relationship between the founding team and the project is actually a problem of community governance。

There is no problem with strong association in the early stage of the project, because the needs of early development, publicity and promotion of the project, centralization is more efficient. The difficulty lies inIn the process of project development, the centralized governance mechanism is transitioned to the decentralized community autonomy model, At present, there is no good model or case, and everyone is crossing the river by feeling the stones.

At present, the only decentralized operation in the currency circle is BTC, which is why it has been blocked and predicted to die countless times, but it can still survive, the currency price is getting higher and higher, and the consensus is getting stronger and stronger.

As for the many altcoin projects, in fact, the original intention was wrong, not to change the world, but just a tool for collecting money and cutting leeks. For such a project, expecting it to survive for a long time is tantamount to wishful thinking.

In the blockchain world, everything has just begun, and the industry has not matured enough to enter the mainstream society and have an impact on people's lives, and is facing great uncertainty. At the same time, the regulatory situation is not clear. Although compliance worldwide is in progress, the overall framework, regulations and steps have not yet come out. It is still in a chaotic period, and it is easy to touch the red line. Survival and development presented a test.

As industry insiders, we are very eagerRegulatory compliance for blockchain and digital currenciesOperation suggestion:

Operation suggestion:

BTC: Daily line level, the triangle arrangement has not been completed yet, volume and price are shrinking simultaneously, daily transactions are extremely inactive, and the overall trend is still bearish, suppressed by the MA60 daily moving average. The hourly line level runs along the downward trend line, and the short-term fluctuations are severe. It fell below the important threshold of 10,000 US dollars several times yesterday. Although it recovered today, the rebound was too weak, and it may fall below again at any time. Therefore, the short-term market is not stable, and there is still a risk of falling. The short-term support is at 9,800 US dollars. If this point cannot be held, it may go to 9,000-9,300 US dollars. The pressure above is 10,200, 10,400, 10,600, and 11,000 US dollars. Investors need to pay attention to market risks and operate cautiously.

ETH: 174-185 US dollars range consolidation trend, the 4-hour line level is suppressed by the MA180 moving average, it is necessary to pay attention to the risk of a sharp drop when the market continues to retreat.

LTC: The overall operation is within the small range (68-72 US dollars) formed by the 4-hour MA60 moving average and the MA180 moving average, and the volume is shrinking.

BCH: In the short term, it fluctuates slightly around $300, with a support of $290 and a pressure of $310.

EOS: High retracement trend, the daily line level is suppressed by the MA60 moving average, short-term attention is paid to the support of 3.55 US dollars, and it may quickly fall to around 3 US dollars after breaking through.

XRP and TRX: The trend is no different from that of the altcoins, and the market fluctuates between small groups, and the market is not very good.

Platform currency: In the short term, although various platforms have released good news, the market’s willingness to take orders is not strong. On the contrary, because there are too many profit-making orders in the early stage, they are facing selling pressure. Under the premise of the overall market volatility, it is difficult to change. The Binance US version of the exchange has begun to accept user registration, and the contract has been launched, but the market has fallen below the support of 20 US dollars. The support of the daily line level of 17-18.5 US dollars is very important. Once the heavy volume falls below again, it may open Bear market pattern; HT daily level support is 3.7 US dollars, short-term pressure is 4.4 US dollars; OKB short-term pressure is 3 US dollars, support is 2.35 US dollars; GT continues to fluctuate around 0.7 US dollars.

Altcoins: The overall trend is weak, and there is still a long waiting time before the rebound. You can follow the method and strategy I said yesterday to track the currencies you care about and discover potential opportunities.