How to lay out cryptocurrencies before the bull market comes?
The following are some answers to your recent comments. The analysis is only my personal understanding, not as direct investment advice! If you have any questions, you can leave a message, or send me a private message on WeChat. Because of limited energy, I will not reply one-on-one. After I organize it, I will analyze and answer it in the article next time.
1. Which one is safer, AAVE or COMPOUND? I have some USDT in hand, is it safer to switch to DAI? Worried that USDT has a moral hazard of mine explosion.
---- I think the two are similar. Even if the interest rates of some tokens are different, the difference of a few tenths of a percentage point is actually not that big. I don't keep USDT, I only keep DAI, and I also think that USDT is in danger of thunderstorms.
2. Brother Dao, I chose the top five defis to buy 5% each. I heard from your program that the unis below 5 are already bought. But I didn't find the point where your program said aave, comp, mkr. Please let me know, the main thing is that I don’t have time to keep an eye on the market, so I don’t care if I’m ready to buy at a certain point, and it’s OK to sell at a high point at the end of next year.
---- I suggest that you buy these tokens with a fixed investment, not all at once, because we don’t know how much the lowest price can be for any token, so we can only use fixed investment to spread our costs . For AAVE, I make a fixed investment within $35, for COMP I make a fixed investment within $110, and for MKR, I think I can make a fixed investment within $600.
3. May I ask why other mainstream digital currencies did not rise after Bitcoin broke through 20,000 US dollars?
---- The market has its own laws, and it is difficult to explain the reasons for this. I only pay attention to Bitcoin and Ethereum for mainstream currencies, and configure the others in DeFi projects.
4. Mr. Dao, what do you think about the future of Polkadot? Have you studied it?
---- I have talked about this project many times in previous articles. I respect the Polkadot project in terms of technology and background, and I respect his team leader Dr. Gavin Wood very much. But in terms of application scenarios, I am skeptical about cross-chain, and think it is difficult for Polkadot to compete with Ethereum. If Polkadot cannot compete with Ethereum in the future, its prospects will be limited.
5. Hello teacher, how is the ontology, thank you
---- I am not very optimistic. My operation suggestion is to switch to Ethereum.
6. What should I do if I am most worried about the freezing of my bank card when withdrawing cash?
---- You can only disperse large funds, and pay attention to controlling the amount of each transaction. If you encounter black money, it will lead to card closure. There is no 100% safe way at present. Secondly, it is not recommended to deposit and withdraw frequently, so it is recommended to invest with spare money that will not be used within a few years. As for how to cash out in the bull market stage in the future, you can cash out through reliable offline channels at that time. If the capital scale exceeds 1 million yuan, you can introduce and ask me to familiarize with reliable channels at that time, provided that the source of funds is legal income.
7. Will the current cross-chain migration from Ethereum DeFi to Polkadot have an impact on Ethereum DeFi tokens?
---- I take a wait-and-see attitude towards all cross-chains. In the short term, there may be many projects moving towards cross-chains, which seems to affect Ethereum, but in the long run, I don’t think Ethereum will be greatly affected.
8. My company has a self-developed public chain. I plan to start a DeFi project including mining and cross-chain transactions on this basis. It will go online in March next year and enjoy a wave of market dividends; I often watch your short videos, want to hear your opinion
---- If it is to carry worldwide global applications, I am only optimistic about such a public chain as Ethereum. For other public chains, I don't think they can compete with Ethereum in global application scenarios. So if you really want to do a project, the first choice is on the Ethereum chain. If it is speculation, no advice is given.
9. It is recommended to pay attention to the coin NU, the concept of privacy, the price is not high now. Coinbase and OKEX are both listed, and Huobi and Binance will be listed sooner or later.
---- I have read about this coin, and I personally think it deserves attention.
10. Hello, Brother Dao. I still have some chips in my hand. I want to invest in some Defi projects. I have been following you. There is an article where you said that the insurance NSURE is not bad. You can invest now. I saw CRV before. point reference suggestion thank you
---- For the track in the insurance field, I hold COVER and NSURE. I'm bullish on both. But when I bought these two coins, their prices were very low. If you want to buy now, I suggest you evaluate whether you can bear the risk of their decline. I am also optimistic about CRV, and I will hold it for a long time. I think the current price of 0.5 US dollars is not high, so I can make a regular investment.
11. After listening to the old-fashioned audio, I also know that DeFi is fierce, and I also want to plan for the bull market, but at the current price of several star projects, that is, the market value of the DeFi insurance field is low. Which other Defi currencies do the old-fashioned recommend?
---- I always recommend leading projects, and these projects are worthy of attention: MakerDAO, COMP, AAVE, UNI, CRV, BAL, SNX, YFI. Here, I think MakerDAO is within 600 US dollars, UNI is within 5 US dollars, and CRV is within 2 US dollars. Note that it is a fixed investment rather than a one-time purchase. The price of other projects is a bit high, but if you can bear the risk, you can also vote. Notice! This is for reference only.
12. Senior, hello. I read your article from Zhihu. I have been holding CRV tokens. Since October, I have been investing regularly, but it has been falling. At present, the cost is 0.7. Today, I heard some negative news about government regulation of defi. I would like to ask your opinion and the price of crv currency.
---- Your cost is US$0.7, which is not high, so don't worry too much, hold on, and wait for the big bull market next year. Regulation does not necessarily have a negative impact, so don't worry too much. As for the future currency price of CRV, I estimate that it will exceed $4 when the bull market is insane. Of course, this is just my guess, for your reference.
13. Hello, teacher, I have been listening to your audio, and I recognize you very much. Your regular investment strategy is very good... I am a novice in the currency circle, and I bought a little bit of Ethereum below 400 and Bitcoin below 10,000 , and also have Uni, CRV and EOS in hand. The problem now is that I think the value of EOS is not large, and I want to change it. What do you think is better? Another question is, is CRV still able to make fixed votes now? I look forward to your answers when you focus on answering questions, thank you!
---- My personal operation idea is to replace all EOS with Ethereum, leaving none. I think CRV can still vote now.
14. What do you think of NEAR and NEST?
---- I invested in NEST, but not NEAR, because NEAR is a public chain. I am cautious about new public chains.
15. After the United States requires the real-name system, it will be a long-term negative for DeFi. Does Brother Dao agree? Is it possible for uni to be a wallet address kyc? If uni also does it, then the advantage will be much less, otherwise it will be a huge advantage if it doesn’t
---- I think regulation is not a bad thing, and it may be more conducive to the healthy development of the industry in the long run.
16. Hello teacher! I would like to ask a question, do you know the currency yfim, what is the prospect?
---- Sorry, I don't understand this.
17. What do you think of keep3r?
---- This project is interesting, and I am also following up.
18. Good evening, last time I asked you about the situation of CVP (at that time, it was also a top divergence from the k-line chart), and the current market trend also confirmed your judgment. In addition, the UMA you hold has risen sharply in the past few days. Now I admire you Peace of mind, this is a state of mind I have never had before, and I have more confidence to follow your train of thought
---- In fact, I will not look at the short-term rise and fall of the currency price. I mainly focus on the long-term.
19. How to participate in Ethereum 2.0, is it okay to participate now?
---- You can participate, just find a service provider with a good reputation to participate.
20. This Ethereum pullback is a bit harsh. I still have 20 Ethereum in my hand, and I am anxious. What should I do with the 20 Ethereum I started with 650?
---- Don't worry, $650 may not look low this year, but it certainly won't be high next year. Hold it patiently until next year.
21. In addition, what do you think of uni's economic model? He Taiji's point of view is that in the long run, the right to govern decentralized projects is the right to distribute dividends. Because the governance right determines whether the token project will be given the right to benefit in the future.
---- I agree with this point of view. I think the UNI model is good. In fact, everyone is exploring now. I believe that in the future, we will find a better way to realize the project income into tokens.
22. But I also have my doubts about this. For example, makerdao, whose tokens came out very early, only have dividend rights without governance rights, but there has been no improvement in the follow-up, and the value has been tepid.
---- I am optimistic about makerdao in the long run. Its way is to use excess DAI to repurchase and destroy makerdao.
23. Dao leader, how about ant?
---- I'm keeping an eye on it, and I'm invested in it.
24. May I ask crv why do you think that 2 dollars can be fixed investment, how do you understand, and then evaluate a new currency, how to make a reasonable valuation of this currency. I know it's hard, and I want to know how you do it, because I think about it every day, but I don't know how to do it.
---- I have written about this issue in previous articles. Overall, the market value of circulation and the market value of circulation will be evaluated together. Calculated at $2 each, its total circulation market value is $2.6 billion, ranking only 16th, ahead of it are BSV and Stellar Lumens, but I really can’t see where BSV and Stellar Lumens can compare with CRV More promising, so I don't think $2 is too much.
25. Is NSURE suitable for investment? The following price is suitable for regular investment, thank you teacher.
---- I think regular investment can be made for less than $1, but we need to continue to pay attention to whether this project can run out in the future. My thoughts are for reference only.
26. Teacher, what is YFI? The price exceeds BTC?
---- Commonly known as Big Uncle, the star project of this round of DeFi, many people compare it to a fund.
27. Can Brother Dao cover?
---- Yes, I invested in COVER and NSURE in the insurance track. But now COVER performs better, but the price is more expensive. Now you have to measure the risk by yourself whether to buy it at this price.
28. I saw the total amount of CRV tokens on MyToken is 1.367 billion and the maximum amount is 3.303 billion. I saw that you estimated the fixed investment price based on the total amount in the program. How do you understand the maximum amount and total amount? The maximum amount Does it have an impact on the pricing?
---- I see 1.3 billion on CMC. I generally like to make a valuation based on the total circulation, because this kind of valuation is more conservative, and the resulting price risk will be more controllable.
