While waiting for the organizers to move as reported last night by G, I will continue the series "Questions from you, Answers from G".
💥 Yesterday, HuynhHongCam asked G about ETH to understand more before investing. G really liked this question. Because I always tell everyone that before doing anything, investing in anything, you should understand it well first. G is also sure that a significant portion of you do not understand the codes in the trading list, thinking they are all coins, and just open the chart to place orders based on feelings when looking at the candles. Some even do not understand candle patterns, do not understand the indicators on the chart. So G has many explanations about crypto and guides available. 😔
💥 ETH is considered the blue chip of BTC, but it is almost different from everything: the purpose of its creation, technical structure, supply, ecosystem, role in the market.
--->> Everyone should google for details, because it would be too lengthy to write out. But G summarizes it simply as:
💫 BTC is digital currency, likened to digital gold, with storage value.
💫 ETH is an application platform - infrastructure for blockchain, multi-functional.
💥 When moving, sometimes ETH goes in the same direction as BTC, but there are high legal risks, especially in the US, so naturally, its stability is much lower. However, if calculated over a few months, it is equivalent.
💥 Currently, ETH is still the number 1 platform in terms of TVL. And looking long-term, with BTC's position as G wrote the other day, ETH will also develop alongside everyone.
💥 In transactions, to have an opinion about any code, it is necessary to consider: technical analysis, macro analysis, news evaluation, and policies that impact that code as well.
💥 Success cannot be without perseverance, discipline, and effort. So if you feel you are lacking in anything, try to supplement/adjust accordingly, everyone!!
--- Love all ---