Is the platform currency a value currency? When is the return on investment maximized?
Recently, the platform currency has become lively again. The leader of this round of platform currency rise is Huobi. The most direct good news is the 50% discount rebate activity launched by Huobi. And this activity is just one of a series of activities that Huobi will launch soon, so there may be more information that is good for the currency price in the future.
The competition between platforms is extremely fierce, especially in the current sluggish market, all parties are trying to introduce measures to attract traffic. Therefore, after Huobi introduced the new policy, it is generally expected that other exchanges will follow suit.
Therefore, investors were moved by the news and bought Huobi’s platform token HT and Huobi’s mining token HPT one after another. Some investors were unwilling to chase higher prices and bought platform tokens from other exchanges.
The platform currency seems to have become the sweet pastry in the minds of investors. At this time, I would suggest that investors should treat this phenomenon calmly. As a long-term investor, I generally don’t like short-term chasing highs, and I don’t advocate using temporary good news to judge the performance of a currency to decide whether to start investing, but I tend to look at the performance of a currency from a longer time frame.
In order to let everyone see the performance of the platform currency over a longer period of time, we lengthen the timeline, choose a symbolic starting point on March 12, and look at the performance of the platform currency relative to Bitcoin and Ethereum from then until now. How is the benefit. The reason for choosing this time point is that the plunge on March 12 was a dark moment worth remembering this year. On that day, all currencies in the entire circle were hit hard, regardless of whether they were good or bad. Therefore, at that moment, Everyone is on the same starting line again.
From the data of coinmarketcap.com, from March 12th to today, I made a rough statistics, Bitcoin increased by 2.13 times; Ethereum increased by 2.27 times; Huobi HT increased by 1.97 times; Binance BNB The increase reached 2.1 times; OKB increased by 2.17 times.
From this set of data, we found that the rises of Bitcoin, Ethereum and the three major platform currencies are very close.
If readers are interested, go to the coinmarketcap.com website to see the trend charts of these five coins, and they will find that the trend of their coin prices is basically the same.
I am afraid that this will surprise many investors, but if we think about it carefully, it is not surprising.Because in the long run, the trend and increase of these coins with very high consensus are closely related. When the market is good, they will generally rise, and when the market is weak, they will generally fall. Therefore, which value currency investors invest in, the difference in income will not be particularly large.
In my previous articles, besides Bitcoin and Ethereum, the most mentioned in my investment advice on digital currencies are the platform currencies of the three major platforms, and this is the reason. I refer to these coins collectively as value coins.
The short-term investment in these value coins is often caught in the short-term, and the more suitable investment method is usually silent, without any benefits. Only by investing in them when the market is flat can you buy chips at a lower price. If you wait until the good news comes out and the price of the currency rises before buying, you will basically have to pick up other people's leftovers.
