What makes a cryptocurrency have value? When entering the trend of cryptocurrencies, one of the unknowns that attracts the most attention is knowing how these currencies increase and decrease in value almost for no apparent reason, however, everything is more complex and precise than it seems. **What determines the value of a cryptocurrency?** Cryptocurrencies are a new asset that works on the web, it circulates around the world and has different uses. Cryptocurrencies tend…
This week in the Crypto World (25th Jan, 2021) Have a good time reading this article👍👍 **🗞Shenzhen to host third digital yuan testing** `The authorities of the Chinese city of Shenzhen announced the holding of the third "free lottery" for 20 million digital yuan as part of testing the state cryptocurrency.` `According to local media reports, the event is being held in honor of the China Spring Festival. The lottery will be open to managers and employees of enterprises in…
What brought the "renaissance" of Bitcoin In this article, I will briefly described the ins and outs of the bull market in the crypto market, and analyzed the specific causes and effects in depth. Bitcoin he is back. Last month, the price of Bitcoin quietly broke through an all-time high, far surpassing the previous high of $19,600 in 2017, hovering around $36,000 at the time of writing. At the end of 2018, the price of Bitcoin dropped by nearly 90% from its higher point.…
Do big institutions only look at BTC? "Large institutions with more than $5 million in assets are only concerned about Bitcoin." On January 18, New York Digital Investment Group (NYDIG) CEO Robert Gutmann expressed this view in the media, which was refuted by Grayscale CEO Michael Sonnenshein . Sonnenshein believes that most institutional investors will choose Bitcoin for their first investment in cryptocurrency, but we can see that more and more institutional investors have…
Market analysis丨Detailed dismantling of Bitcoin's rising logic, to see the essence of things **Industry News** **1•** Grayscale BTC Trust increased its holdings of 16,243.55 BCH holdings increased by 4.73%. **2•** Grayscale CEO: Institutional investors are not only interested in Bitcoin. Grayscale's BCH and ETH have grown significantly compared to 18 months ago. This is something he did not expect before. Institutions will allocate funds to Assets other than Bitcoin. Former…
Will the price of Bitcoin keep going up? The pressure of the bear market is that you watch your net assets shrink-sometimes sharply, sometimes like a financial car accident in slow motion. You don't know what the right choice is, and you don't know whether to insist on believing yourself. s Choice. Few people tell you that when you are in a bull market, stress will not decrease, especially when you experience a bull market for the first time. The wins and losses in this game…
Looking at the uncertainty of Bitcoin from the loss of private key Although Bitcoin has fallen back many times recently, it can be revived every night. The number of people who sell at low prices increases. However, there are more people who buy the bottom. Bitcoin is now more important to the public. It's like a new type of asset with no cap on value. At the same time that the price is soaring, some former Bitcoin enthusiasts have caused the loss of Bitcoin due to forgotten…
Hold Bitcoin to become a truly free rich man and let the world work for you! I just want to grow into a leek flower in in my place! In this way, I am still a leek, no one will harvest it, nor will I cut its own kind! **First of all, we need to reach a consensus: What is a truly free rich man?** According to the 4-quadrant theory of the rich dad series of investment introductory textbooks, rich people are either rich or free. The so-called freelancers are the least free.…
If you want to do a good deal, you must constantly understand the market In the process of trading, we all know the uncertainty of market volatility, that is to say, no matter what you do, the result will be profit and loss. There is no way or technology or trading system to guarantee that your transaction must be Profitable. Both the market and the transaction have randomness and uncertainty in the process, but in this process, one thing is certain, that is, how much money…
What should be the center of the blockchain world? When writing this article, I have thought of countless answers, including project owners, investors, institutions, governments, etc., but in the end they cannot be separated from developers. Someone said: "Developers are just the role of developing blockchain applications to make money." In my opinion, this is just the bad feeling that some developers give to everyone in the current environment. Most developers are…
Curve (CRV) Value Analysis｜My Investment Methodology Many readers often ask us various questions about CRV. These questions can be summarized into the following categories: **1.** Is there any hope for CRV? **2.** Why doesn't CRV rise? **3.** What price can CRV rise to? **4.** Can CRV be bought now? Before responding to these questions, I suggest that you still ask yourself, what are the reasons for your concern or buying CRV? Is it because I have carefully studied this coin…
Why is Ethereum undervalued? For developers who wish to write smart contracts and DeFi applications, ETH is the main asset in the cryptocurrency field. It is the basic currency collateral of the DeFi financial system. In the Ethereum network, the locked-in value of DeFi has increased from USD 1 billion in January 2020 to USD 16 billion in January 2021, and the fees charged exceed the Bitcoin network, which is approximately 79 times the implied P/E ratio. The current market…
Blockchain is the third option besides digital technology hegemony I am not a person who is not interested in current affairs and politics, but I never talk about it here because I believe in professionalism. In the 20 years since I left school, I have worked in several industries and I can’t speak of any achievements, but I know a truth. In any practical (not purely academic) field, more than 80% of "true knowledge" is never seen in words. , Can only come from practice.…
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