Cryptocurrency in 2021 is unstoppable
Today is the last day of 2020. Thank you very much for your company and going through the rough road of digital currency investment for a year.
2020 is a year with mixed flavors. At the beginning of the year, the economy suffered huge losses under the impact of the epidemic, but our country quickly survived the disaster and achieved impressive results in economic development that are world-leading.
Countries and nations need this kind of tenacious spirit and firm confidence in the face of disasters, and we also need this kind of spirit and confidence in investment.
In the field of digital currency investment this year, the biggest shock was the plunge on March 12. But many readers were not frightened by the plunge, and still gritted their teeth and insisted on fixed investment. This firm belief in the future supported us to survive the pain and the fog, and finally ushered in another scene at the end of the year: Bitcoin broke through the previous round in an all-round way The peak of the bull market, new highs, and strides towards $30,000.
Looking back on 2020, I think the biggest gains are: more firm belief in the future of digital currency, more firm belief in the prospects of this investment career, more firm belief in the significance of long-term investment, and more confidence and courage to face various challenges and adversities in the future.
Looking forward to 2021, almost all insiders and investors are unanimously optimistic that 2021 will be an even more glorious year, and under the influence of FOMO sentiment from institutions running into the market, Bitcoin will continue to rise. Someone called out the price of Bitcoin at $100,000, and someone called out the price of $300,000.
I also think that Bitcoin will achieve another success next year, but in the face of all kinds of optimism, I always have a little worry in my heart. I am still used to predicting some unexpected situations that may arise next year in the way of "unforeseen victory, first expected failure" Set up and prevent.
What if next year's market lasts very short and Bitcoin's rise is very low?
According to the historical law of previous bull markets, the bull market of Bitcoin will generally last for about one year. Because this round of the market will tend to be slow and long due to the participation of institutions, so no matter how the market develops next year, it is not recommended to get off easily on the way next year.
Imagine a situation, what if Bitcoin rises to around $50,000 next year and then falls all the way down?
In this case, I personally choose to continue to hold the bargaining chip in my hand, and let the market go to the end of the year or the next year to see how the situation is, because the $50,000 bitcoin is not enough to reach the price of shipment.
I also hold a similar idea for Ethereum. If Ethereum does not break through the peak of the last round of bull market at $1,400 next year, I will not sell the chips in my hand. I will continue to hold them and prepare for a protracted battle until the next bull market.
In the next year's market, apart from Bitcoin and Ethereum, which are likely to perform well, I think another sector that will perform well is DeFi.
Although after October, the entire DeFi field did not see the full-scale frenzy of September, but innovations in this field are still emerging, and new projects are still emerging.
The new stablecoin project BAS that emerged during this period is a typical example, and its limelight has overshadowed the old project AMPL.
I believe that DeFi will still have great potential next year, and I am very optimistic about the development of DeFi next year. We will also focus on DeFi next year and look for new potential varieties in this field.
Let's welcome the bright 2021 with full expectation and confidence!
