In the early days of the bull market, the phenomenon of Bitcoin rising but the altcoins not following the rise reappeared, and history is so similar. Bitcoin is a cryptocurrency, but not all cryptocurrencies are Bitcoin. There is only one Bitcoin, but there are tens of thousands of cryptocurrencies. Holding Bitcoin may make you rich, but most of the remaining tens of thousands of cryptocurrencies are tens of thousands of sickles in my eyes. In the past, the strongest and most widespread weapons for harvesting the middle class were: the stock market and the property market, and now there is another cryptocurrency.
Today we are not talking about the stock market and the property market, but their amplifier, cryptocurrency. Let’s first look at the possible wealth of investing in blockchain crypto assets. Let’s take a look at the value investment of blockchain assets from the perspective of a very long-term “gamble”.
For most people, blockchain assets should just be a form of asset allocation.
Everyone has different market expectations, which is a self-consistent logic that is automatically completed in everyone's brain: if you believe that Bitcoin will reach "300,000 US dollars", the current price is still below the sea level; if you believe that it will return to zero, every new high now is a good opportunity to short.
Therefore, your excessive attention to the market is worthless. If you can understand the value of blockchain assets and make good asset allocations according to your own planned proportions, you don’t have to pay attention to the market all the time. The only thing you need to do is to keep learning and wait for time to ferment the value. If it really goes back to zero, it’s fate; if it goes up to the sky, it’s luck, and it has nothing to do with IQ.
But all the possible high returns mentioned above are based on value targets and have nothing to do with altcoins. Bitcoin never harvests anyone, but altcoins do.
Let’s look at the nature of altcoins
Why are most people so fascinated by altcoins? Because altcoins can increase by 50% or even 200% in a day. Getting rich is right on the screen three feet away from you. It is vivid in your mind. It is human nature and impulse.
But the decline is also severe. There are many altcoins that can fall another 99% after falling 99%. They are simply a tool for quick capital harvesting.
What is a copycat coin? It is a virtual currency that copies the source code of other coins, adjusts some technical parameters, and gives it a new name.
There are a bunch of copycat coins, such as shit coins, model coins, MLGB (Malleg coin), with names so varied that you can’t understand them. I won’t name them. They are essentially the same, with no application or value, and their only function is to create hype.
The significance of the existence of copycat coins is, first, to verify the validity and security of the original product code when the parameters are changed. Second, to make money, make money, make money.
All the claims that altcoins are a supplement to Bitcoin’s micropayment and tipping culture are fantasies of the promoters themselves. I really can’t think of any scenario that requires the use of other currencies to “supplement”.
The current minimum digit of Bitcoin is 8 decimal places, Satoshi. Even if Bitcoin rises to $100 per coin, the smallest unit is only 1 cent. Don't believe any nonsense about it being a substitute for small payments. If you really wait until you get $1 million, you can even have an egg for breakfast every day. Why do you still need to use altcoins for small payments?
In short, the tens of thousands of copycats incubated by capital have all kinds of very attractive stories that you can't refuse to hook you into their car.
The market of altcoins has the following characteristics:
1. Occasionally, the price surges and attracts people to join the game
2. In the long run, it will always be in a downward channel.
3. An occasional rebound for a few months is also a way for old customers to lure new ones.
4. There is no long-term holding value. Buying on dips is also for selling on rallies.
5. When the main varieties rise to a high level, some risk funds will take advantage of it and run away. At this time, there will be a very short-term market.
Suggestions for participating in altcoin trading:
Those who are risk-averse should never touch altcoins; those who are risk-loving can buy at low prices and sell at high prices, participating in the greater fool's game, but they must also be prepared to return to zero.
To avoid being ripped off, one must realize that money does not come easily. Cryptocurrency is originally a speculative industry, so why should one participate in speculative altcoins in a speculative industry?
In any case, you will see a phenomenon that those who make money in the market, especially those who make a lot of money, will eventually return to Bitcoin.
In the future, there will be only two kinds of people: those who have Bitcoin and those who don’t. #美国大选如何影响加密产业？ #BTC要挑战7W大关了吗？
