Shortcuts for ordinary people to invest in cryptocurrencies
In my opinion, there are really only these two coins that have passed the test of time and the bull-bear cycle, and are very valuable in the long run.
Bitcoin is the ancestor of digital currency based on blockchain technology. Its consensus is the highest among all digital currencies. This is probably unmatched by any other digital currency. Therefore, Bitcoin can stand on its own unique consensus.
This is like gold in the real world. Although there are metals that are rarer than gold (such as platinum and palladium), only gold can form a strong consensus.
In the same period of Bitcoin, although there are other digital currencies, the consensus of those currencies cannot be as high as Bitcoin in my opinion, so if the technology cannot keep pace with the times, can it pass through multiple bulls and bears in the future? But standing still, I am afraid it is still difficult to judge now.
In the early years, there was a saying in the field of digital currency: Bitcoin is gold and Litecoin is silver. It describes the consensus of Litecoin among the early players in the circle, but now this sentence is mentioned less and less often. I feel like this consensus is also fading.
Since all other currencies except Bitcoin are better than technology, so far, no matter in terms of capital, development strength or ecological construction, Ethereum is undoubtedly the strongest.And the blueprint for the future development of Ethereum basically represents the blueprint for the future development of the entire public chain.
Although some public chains have made bold innovations to Ethereum in some aspects such as technology, they are far from Ethereum in terms of ecological construction, and their ecological advantages will become more and more consolidated over time.
With the support of these conditions,Therefore, Ethereum can be regarded as another digital currency that has a long-term perspective and is worth holding besides Bitcoin.
In addition to Bitcoin and Ethereum, I am also very optimistic about DeFi, and after the explosion of the DeFi field in the past year, some leading varieties have emerged in certain subdivision tracks, such as Uniswap in decentralized exchanges , Aave, Compound, etc. in the lending field. But after all, they still lack the baptism of time and the test of the replacement of bulls and bears. It is still too early to draw conclusions whether they can continue to maintain their current status in their respective segments in the future.
In my opinion, a leader like Uniswap, in particular, must at least go through the test of the next round of bear market that may last for several years after the current bull market, in order to see its true resilience and inner vitality.
So on the whole, I think these two coins are the only ones that have a good grasp and are worth holding for a long time.
Another reader asked, can you suggest 5 or 6 coins with long-term value, and then select 3 to hold? When I saw this question, I suddenly thought of a review of the projects I invested in this round of bull market a while ago.
In this round of bull market, except for Bitcoin and Ethereum, almost all other varieties I invest in are DeFi tokens. If it is calculated from $4,000 for Bitcoin and $100 for Ethereum, among all the DeFi tokens I invest in, there are some that have increased more than these two coins, but only a small part, and most of the increases are similar to these two coins. Some are even worse than them.
But investing in Bitcoin and Ethereum is almost a no-brainer, while investing in other tokens took nearly 90% of my time to explore and investigate.
So from this point of view,For ordinary investors, if you don’t want to spend too much time and take too many risks, honestly investing in Bitcoin and Ethereum in a bear market is really a time-tested shortcut.
It's just that if you only focus on these two coins, you will miss the thousands of scenes in the bustling weather. You must keep a blind eye to them and turn a deaf ear to them, which is back to the test of human nature.
