Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Gu Yanxi: Thoughts on Encrypted Digital Currency Investment
谷燕西
特邀专栏作者
2021-03-20 01:40
This article is about 589 words, reading the full article takes about 1 minutes
Bitcoin is becoming the reserve currency of cryptocurrencies.


  1. The value of Bitcoin is the result of consensus (social construct). We know that the more users buy, sell and use it, the stronger its value base will be. All three indicators above are currently on the rise.

  2. Already considered a store of value, Bitcoin is moving into payments, geographically and more blockchain applications

  3. Bitcoin is becoming the reserve currency of cryptocurrencies

  4. Various encrypted digital currencies appear and disappear, only Bitcoin has maintained a growing trend

  5. The blockchain public chains that are emerging in the market, such as Cardano and Polkadot, have their own tokens. These tokens become the native currency in these ecosystems

  6. Emerging tokens may adopt inflation or deflation models, each has its own advantages, and its value cannot be judged solely by this

  7. Encrypted digital tokens should be or approximate to currency, or approximate to stocks. Tokens with both functions are difficult to circulate.

  8. The design of the token economic model will determine its success in the market more than the blockchain or DeFi itself

  9. Cardano’s token distribution is more decentralized than Polkadot’s. The two ecology will attract different market groups, but both will have their own development space

  10. The alliance chain ecology represented by Diem will form differentiated competition with public chain ecology such as Cardano and Polkadot

  11. There will be at most two survivors in each product segment. It is best to invest money only in the first place.

  12. In view of the globalization of blockchain applications, it is difficult for any initial project that is too localized to achieve maximum development space

  13. The long-term value of the token lies in its leading position in the segment. It is difficult to maintain a leading competitive advantage in the mass field such as lending and DEX for a long time.

  14. Investing in the earliest stages of a project yields the greatest gains, but can also lose the entire investment. The ratio in the investment portfolio is the most critical

  15. Investing funds according to the time axis will get greater returns than investing at the same time now

  16. Diversification is a misconception

invest
currency
Welcome to Join Odaily Official Community