Taking stock of the several crashes and halvings of virtual currencies in history, each time is thrilling and soul-stirring!
Although Bitcoin has been rising steadily since its birth in 2009, after a long period of time (three years), its price was only $10 until it encountered the first halving in its career.
Bitcoin's first halving on November 28, 2012 "The Battle of Creation"
Within one year after Bitcoin’s first halving, Bitcoin quickly rose from around US$10 to over US$1,100. It increased more than 100 times in one year, and the entire market went crazy.
Until December 5, 2013, the People's Bank of China and five other ministries and commissions issued a notice on preventing Bitcoin risks. Bitcoin cannot and should not be used as currency in the market.
When such a currency rises, countless people will follow the trend to take over, yet there is not much risk involved, making it irresistible.
What is an orphaned currency?
1. This currency is not issued by me.
I want to be the investor but do not want to bear legal risks, so I can only find one that everyone knows is issued by someone else. Although I have become the investor now, externally I am just an 'investor'.
2. This currency was once very famous but is now deserted.
Almost everyone knows this currency; it has just dropped significantly, lost its popularity, and the price of chips is very low. With minimal investment, one can become the absolute investor. The former fame can still be used for promotion, and when pulling up the price, it will attract attention.
3. The founder does not hold any coins.
The former founder has exited, losing their influence. In the future, once the price is raised, no one can control the trend of this currency; only I, as the investor, can perfectly control the situation.
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This is the advantage of orphaned currencies.
High recognition, with just a little promotion it can attract attention,
The currency price has dropped significantly, and with a bit of money, one can buy all the chips.
The founder has exited, and from now on, I will have the final say.
This currency is not issued by me, I have no legal risks, and I can cut it however I want. I can say that I am just an investor, not the bad guy who issued the currency.
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There are many successful cases of such currencies in the market. I don't need to say much; everyone can find one or two. Many big shots from outside the industry want to be an investor in the currency circle.
So orphaned currencies are undoubtedly the best choice.
And we retail investors can also position ourselves,
With the least amount of money, we can buy opportunities that are a hundred or a thousand times better.
It has already dropped significantly; as long as it doesn't get delisted, we won't lose much.
This is an interesting thought, so everyone should grasp it.
Most people gamble their decades of income in just a few minutes.
1. They think that studying hard is being diligent;
2. They believe that staying in the lab reading until 2 AM is being diligent;
3. They think that spending ten hours a day on PPT, with their eyes almost closing, is being diligent.
However, when it comes to "major life events," they are careless, go with the flow, adopt a laid-back attitude, and are indifferent.
Buying a multi-million dollar house, gambling decades of income. Preparing research and making decisions takes only ten minutes. When it comes to transactions, they are in a rush, still thinking about the afternoon's weekly meeting. Usually, when buying groceries at the market, you pick and choose carefully, yet when it comes to the stock market, with hundreds of thousands or even millions of funds, they rush in without blinking. They don't even know what the main business of this company is.
The course of life also follows the "80/20 rule": 80% of your life's state is actually determined by 20% of your choices. And investing in some obscure cryptocurrency might just be due to an article from some KOL.
Having your wallet drained might also be from a fake airdrop link. So in doing anything, especially when spending more money, you must do thorough research and preparation, or you'll easily fall into someone else's trap; you must be responsible for every penny you spend.
A person's life is full of ups and downs, with successes and failures. The gap between winners and losers can be thousands of times, but their efforts are not that far apart—what decides the basic direction of life are just a few key choices.
Back then, Bitcoin was banned nationwide, and people were not allowed to promote it freely.
Community leaders, in order to let the spark of the cryptocurrency world spread,
decided to stop promoting cryptocurrencies and instead promote its technology.
Thus, a great term was born.
It is ——— Blockchain.
From the day we started talking about its technology, the term blockchain swept the globe like a spark.
And when talking about blockchain, we naturally cannot forget its predecessor, Bitcoin.
Of course, the more powerful its technology, the more impressive Bitcoin becomes.
So over the years, Bitcoin's price has risen steadily,
directly soaring to over $100,000 per coin, making it the asset with the highest appreciation rate globally over the years.
Blockchain is praised to be miraculous, but many people do not know its specific functions; it feels more like a rumor.
Let me explain what blockchain is really useful for:
1. Financial Sector Buying and selling cryptocurrencies, contract leverage, staking for interest, and exchanges between cryptocurrencies.
2. Cross-Border Payments Transfers can be made without the need for third parties or any financial institutions, just relying on a payment address, greatly reducing transaction costs.
3. Property Identity Authentication Each NFT is unique; NFTs can be used as identification documents or to determine the ownership of intellectual property. (The Indian government collaborates with Hyperledger to develop a blockchain identity system for bank account openings and government services)
4. Asset Issuance Stablecoins issued can be exchanged 1:1 for US dollars; some projects issue tokens, making them shareholding systems, where holding their tokens can yield various dividends.
5. Supply Chain Management Recording every step of a product from production to delivery, ensuring transparency and preventing counterfeit goods. (Walmart collaborates with IBM to improve food safety using blockchain technology)
6. Healthcare (MIT development) Uses blockchain to store patient medical records, allowing patients to control data access, while doctors and hospitals can share information securely, avoiding data silos.
Drug traceability: Pfizer collaborates with IBM to track drugs from production to distribution through blockchain, preventing counterfeit drugs from entering the market.
7. Government Management Electronic Voting: Estonia and some regions of Switzerland are piloting blockchain voting systems to ensure voting transparency and immutability.
Land Registration: Sweden and Georgia use blockchain to record land ownership, preventing fraud and corruption.