"They" Are All Secretly Buying Bitcoin Behind Their Backs
Recently, I have learned about some circles, that is, at this stage, some projects with various patterns wantonly misappropriate money, and then use it to buy bitcoins. The purpose is to bet on the halving market in the first half of next year. When the market comes, sell the coins Use these profits to accept to the original investors. It is equivalent to the investor lending the chicken to others to lay eggs, and the chicken may be eaten.
The way people understand it is that no one will borrow chickens, they raise them by themselves, lay eggs steadily, and buy bitcoins for hoarding.
Recently I have analyzed IPFS/Filecoin in a series of articles. As a result, some of our readers wonder whether we have any interest relationship with the project party? In fact, I can frankly report to our readers: we have no relationship with the project party, let alone a relationship of interest.
First of all, because distributed storage is an area that I am personally optimistic about, and secondly, IPFS/Filecoin is the project that is most likely to land first among many distributed storage projects.
In a series of recent surveys, it was found that IPFS is not only widely used in public chain DAPPs such as Ethereum, but also in alliance chain projects, which is why I am optimistic about the prospects of this project.
There are only two public chains that I publicly mentioned and repeatedly emphasized in the article: Bitcoin and Ethereum. The reasons for this have been analyzed and described a lot in my previous articles. As I learn more in this field, I am more and more convinced of the prospects of these two public chains.
Except for Bitcoin and Ethereum, I seldom mention other projects in my articles, even if I am personally optimistic about the projects, I seldom mention them.
On the one hand, this is because my original intention is to share my true thoughts and reasons with our readers; on the other hand, the current blockchain field has really promising fields and potential projects are limited, at least as far as I know Within the scope, I will only share what I am relatively sure of.
If I share a project with only a 1% risk, but if I'm facing 1,000 people, the risk to me is 1,000 1%. So, this kind of thing is too stressful, I will not do it.
As I write this, I can't help but think back to the ICO wave that swept the entire currency circle in 2016 and 2017. In that frenzy, countless "star projects" that once seemed dazzling and "disruptors" of one kind or another were born. The participants and project parties at that time all showed a confident attitude.
But now looking back and examining these projects, we find that most of them are already in the same place: no matter how strong their technical background was, or how optimistic the industry prospects were...
When Bitcoin and Ethereum brought the "decentralized" world to us, we used to think that many fields would be occupied by blockchain, and many technologies would be replaced by blockchain technology.
Now we find that many fields cannot be replaced by blockchain technology, and we are still thinking about which fields can be subverted by blockchain technology.
This round of bear market has squeezed out the illusory currency price bubble, crowded out countless speculators rushing to the bubble, and squeezed out the illusory application scenarios that were once imagined.
We have seen batches of projects die without a problem, and the price of each currency has fallen to close to zero. In this long-distance race, almost only Bitcoin, Ethereum, and a few followers are left who have persisted until now and have become more and more courageous.
This scene is a lonely and bleak picture for the bystanders, but it is a godsend opportunity for practitioners and investors who are interested in it.
