Ethereum has hit a new high, how much more can it go up?
In the article a few days ago, I also mentioned that once Ethereum stands firmly above $1,500, the next development of this round of market will depend on whether the rise of Bitcoin and Ethereum will be a sharp rise or a slow rise + a callback up. If it is a wave of slow rise + callback, the development of the market will be very promising.
As a result, in the past two days, Ethereum broke through $1,500 in one fell swoop, and even stood on the $1,600 mark. The development of the market in a bull market is so sudden, and often every round of rises suddenly breaks out inadvertently.
After exceeding 1,500 US dollars, I think the next goal of Ethereum is 3,000 US dollars. Let's continue to sit in the car and wait and see the development of the market.
Today, I will focus on answering the questions you have recently asked:
1. Some readers asked whether the NEAR public chain has investment value?
For the public chain, I always think that technology is an important factor, but there is another more important factor is the construction of the ecology. The reason why I am optimistic about Ethereum is because its ecology is already quite developed, and the development of this ecology will show a Matthew effect, making it stronger and stronger. Even if the technology of other rising star public chains surpasses Ethereum in some aspects, if they cannot catch up ecologically, they may not have much hope in the end.
This is the same with houses. Houses in first-tier cities are getting more and more expensive, and the more expensive they are, the more people will buy them. On the one hand, I think there is a capital effect, and on the other hand, I think the resources of teaching, medical care, life and development opportunities in these cities are more important. Far more than other cities. These resources are the ecology of the city. The prosperity of this ecology will only lead to more and more people flocking to these big cities, which will lead to more expensive housing prices and more people buying them.
2. What is a fixed sale in a bull market?
In a bear market, our fixed investment refers to buying in a relatively low price range and collecting chips. But the collected chips must be realized to become our real profit. The timing of this realization is when the bull market is approaching its climax.
The reason why we make regular investments in a bear market is because we cannot predict the bottom of a bear market, so we can only roughly judge a region close to the bottom to buy; similarly, it is difficult for us to judge the top in a bull market, so we can only roughly judge a region close to the top. The area starts to sell in batches at a certain time interval or price range. This is "fixed throw".
I don't think it's time for fixed tossing yet, so I suggest that everyone still hold on to the chips in their hands and continue to wait.
3. About quantitative trading.
This is actually a trading method that has been developed for a long time. Regardless of bulls or bears, this method basically does not rely on fundamental analysis to conduct transactions. It mainly relies on mathematical models to judge the direction and probability of market changes in the next short period of time based on the characteristics reflected by the prices of investment products, so as to determine Buy or sell.
To play this trading method well, it requires the cooperation of systematic mathematical modeling capabilities and powerful computing systems to capture fleeting opportunities in the market with extremely frequent trading methods. A considerable number of Wall Street companies do this kind of transaction.
Many people in the currency circle also say that they are quantitative trading, but in fact, neither their model nor trading system can compare with the real quantitative trading system. It is just speculation under the guise, not much like gambling. difference.
4. How about XX coins, and what is the next trend?
I have paid attention to the coins asked by many readers, but generally speaking, I think that the value and potential of these coins may not be comparable to Bitcoin, Ethereum and DeFi head projects, so I replaced them all at a relatively early stage. It has become the head project of Bitcoin, Ethereum or DeFi.
Let's take Ethereum as an example. During the 312 crash last year, Ethereum fell below $90 at the lowest level. If it is calculated at the current price of $1,600, its increase is close to 20 times; even if we calculate it at $150, its increase is more than 10 times over. Looking around at other coins in the currency circle, there are not many that have increased more than Ethereum within a year. So looking back, tossing and tossing, it is better to honestly buy Bitcoin, Ethereum, and some top DeFi projects.
As a reader commented, it’s like we line up, we always think our team is slow, but when we switch to another team, we find that it’s not as fast as our previous team.
5. Why does the market have to reach at least "June" this year?
In my forecast article on the current market, I often refer to "June" this year. What I mean is that this round of market seems to me to have a high probability of reaching at least June this year. As for how this time point is judged, it is mainly based on experience and observation of the market.
Because there are still a small number of people who are really excited in the market, institutions are still gearing up and waiting to enter the market, and retail investors outside the market have not yet flooded in on a large scale. So based on these conditions, I think the market has a high probability of reaching at least until June this year, unless something extremely unexpected happened during this period.
