How long can this bull market last? ｜Questions and Answers

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 next article.

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 next article.

1. Can the teacher interpret Chia?

This currency pair is based on Bitcoin, but only changed the consensus mechanism. But I think it is difficult to replicate the miracle of Bitcoin just by modifying the consensus mechanism of Bitcoin. This coin has been very popular recently, but I don't think this situation will last. I am not involved in this project.

2. Will SNX be the biggest beneficiary of ETH L2?

I think many projects, including SNX, exchanges, AAVE, etc., will be the beneficiaries, but I don’t have a specific criterion for judging which project will benefit the most, so it’s hard to judge. I think the real benefit is the entire DEFI ecosystem.

3. Brother Dao, is sure there is something wrong with the team? It is still normal. If there is no problem with the team, I still want to continue to increase my position.

I haven't paid much attention to the progress of this project recently. I probably looked at the currency price and it didn't rise much. I feel that the current situation of the entire insurance track is very average. I think the root cause is that a suitable model has not been found yet. I did not increase or sell this currency.

4. Teacher, can you explain the ICP? How about this project, can you vote for this mining machine?

This project is worth watching and following. But is it worth mining now? Personally, I still hold the old point of view: I will choose bear market mining, not bull market mining.

5. If we wait for the bear market to come, we start to invest in Bitcoin and Ethereum, supplemented by a small amount of other leading currencies, and wait until the next round of bull market, how many times the expected return? 10 times, 20 times, 100 times?

This depends on what price the bear market starts to invest in. I think 10 times is still very possible.

6. How to judge whether it can increase by 100 times?

In fact, I can't make an accurate judgment. Although I have also received 100 times coins myself, I think the accidental factor is very large. In addition, some of my 100 times coins were bought when the bear market was at its lowest and no one cared about it, and then held until the bull market. In addition to the influence of the purchase price, I think whether there is the soul of the blockchain and the spirit of Satoshi Nakamoto behind the project has a great effect. I think it is very difficult to find 100 times coins with a speculative and money-making mentality.

7. In the bear market, if it can fall much, you can buy more, but do you have any suggestions for specific operation details? or actionable details.

The specific method of fixed investment and the choice of timing in the bear market are related to the bull market. It depends on how high Bitcoin and Ethereum will rise at the highest in the bull market, and then we can judge at what price in the bear market to start a fixed investment. The bull market is not over yet, so it is not easy to judge now, we have to wait until the bull market collapses to observe.

8. How will the defi projects such as aave and comp develop after entering the bear market? In addition, what do you think of aave's new actions on the matic side chain?

If the current situation does not change a lot and no subversive projects appear in their respective fields, I think they will still be the overlords in their respective fields and should be able to survive the bear market. The large-scale migration of DeFi projects to matic is worthy of attention, and it is a good thing for the project itself, Ethereum and the entire DeFi ecosystem.

9. Can Brother Dao interpret the ICP? Recently, the mining ICP has been very popular. Is it still the top mine?

This project is worth watching and following. But I didn't pay much attention to its mining, because when it comes to mining, I personally still hold an old view: I will choose bear market mining, not bull market mining. So even if I want to pay attention to mining, I will wait until the bear market and then take a look.

10. I would like to hear your opinion on how long the bull market can last.

It's hard to say how long it will last, because things are changing so quickly. I can only say that judging from the current situation, the bull market has no signs of ending. I will pay close attention to various trends as to how it will develop next.

11. Are Sol and Ray suitable for long-term holding?

I don't know much about these two coins, and I haven't bought either.

12. Brother Dao, what do you think of the current Dogecoin? Predict the trend of the next three days, thank you.