Let’s briefly talk about the consensus

There are many coins in history that have reached an astonishing consensus when they are hot, overwhelming, and there is an uproar at the beginning, but only a few feathers are left in the end.

What is the consensus?

Part of it is based on making money by pulling the market. What will happen if you don’t make money by pulling the market for a long time or it will be bad?

Having said this, my memories were instantly brought back to 2019. This year was very special.

A friend of mine, really a friend of mine

🤦‍♂️

.

He laid out several copycats, and also laid out Ethereum. At that time, there were only more than 100 units of Ethereum, and he had thousands.

Altcoins and his aunt were recommended to him by an older brother who had experienced the last bull market. He said that if you hold it, don’t operate it. Hold it for two years.

At first, he was convinced. After all, the big brother almost achieved a small goal in the last round of cattle.

By chance, he came into contact with a coin. It was really popular at that time, with various groups and many people promoting it. For the first time, he felt a consensus, and I met some like-minded buddies.

There are various fomo in the group, look at 100, 1,000, 10,000. For a leek who has not been in the circle for a long time, this kind of temptation is huge. How many times more?

After the back and forth messages, he couldn't help it anymore. He first sold the copycat in his hand and bought the consensus coin, which claimed to resonate with Bitcoin, and then spiraled upward.

Various research white papers, various sermons, various off-site matchmaking groups, at that time he seemed to see an infinitely bright future.

After a while, he successively bought the Ethereum in his hand to add to the consensus currency.

Later, his wife recalled that during that time, he was like a man possessed. He communicated with group friends every day, studied his so-called technology and white papers every day, and could not listen to any opinions.

Later in the story, Ethereum increased by more than 40 times, and the several copycats recommended to him by the elder brother at that time all increased by dozens to one or two hundred times.

But the consensus currency never took off again. Others exchanged air for Ethereum, Bitcoin and value coins in the hands of many people. The consensus was broken down. Exchanges ran away and couldn't withdraw the coins. Rights protection groups came one after another, and people were searched for thousands of miles offline. Chicken feathers everywhere.

In hindsight, most of the so-called consensus is based on market pull. How many people would not sell for a coin?Don’t sell no matter how low it falls?

Most of us come to the currency circle to make money, and many of us are not yet advanced enough to build and contribute to the future of the blockchain. This is the reality, and it is also our original intention of investing in the currency circle.

Of course, as the capabilities become larger and larger, a group of people will emerge quietly contributing to the blockchain, not just for money (they may not be short of money at that time)

😂

)

My discussion and sharing is not to discourage anyone, I just hope that more people will remain rational while investing.