After Bitcoin experienced a short-term plunge, it returned to the $58,000 mark again. Launched an impact to 60,000 US dollars, and this day happened to be the "3.12" that was regarded as a disaster last year.
Speaking of this time, everyone will be more or less taboo. Last year’s plunge destroyed how many people’s longing for digital currency. Yesterday’s short-term sharp drop also made people panic, and this year’s "3.12" Bitcoin’s strong counterattack It once again confirms the trend and developability of digital currency.
Let's compare the data of "3.12" Bitcoin and Ethereum in 5 years, and see how the growth rate is? (data from Coinmarketcap)
It can be seen that the overall rise is much higher than before, even never thought of before. As more and more institutions support digital currency payments and large-scale purchases, we can see the future development space.
In fact, everyone is discussing DeFi projects now, but I personally think that there are too many mixed projects, and the public can't tell the value of the projects at all, and they are just blind mining. Bitcoin and Ethereum are things that some traditional structures have begun to accept. As long-term capital allocation, they can be chosen, because Bitcoin can be exchanged for Tesla in the near future. This is the actual value we see.
For 3.12, the increase is still continuing. In fact, what everyone is most concerned about is when will the bull market end? I am afraid that another bull will turn into a bear, and the funds will be crushed in an instant.
My suggestion for this is long-term investment, regardless of whether it is bull or bear, because no one can accurately predict the arrival time of the bull market and the bear market, and what remains unchanged is the progress and development of the blockchain industry. In fact, most people nowadays don’t understand the blockchain at all, and no one pays attention to the question of what Bitcoin can do. In fact, the world is governed by the law of 20% and 80%. The wealth that comes out of thin air will eventually be obliterated by our own lack of cognition. What we can do is to cultivate our own subjective initiative in the wave, have our own thinking ability, and don't follow blindly.
Just like stocks, I bought Moutai because I knew it was a national liquor. I bought Tesla because I knew it had electric cars. It will only increase your fear.
There are more than 8,000 types of digital currencies so far. This is an ever-changing industry. No one knows whether the coins they buy in the future will have actual application scenarios. We are all betting, betting on a future.
Now that the bet has been placed, why not raise your awareness and reassure yourself?
At present, it seems that the market’s expectations for the purchase of Bitcoin still exist, the United States’ quantitative easing policy is still continuing, the depreciation of legal currencies in many countries is still continuing under the situation that the epidemic has not been fully controlled, the scope of Bitcoin’s use continues to expand, and Ethereum The 2.0 rollout will likely continue to attract new followers.
Everyone knows that the important driving factor for this round of surge is institutional investment. The choice of Grayscale has become the investment target of some insiders, and it is choosing long-term holdings to expand its business space. Believe in some figures the long-term value of the currency,
In addition, infrastructure companies such as Paypal, Visa, Master, and Standard Chartered Bank have begun to provide bitcoin-related services, which is very important to global users. In 2021, it will be more worthy of our expectation and exploration.
