The following are some answers to your recent comments. The analysis is only my personal understanding, not as direct investment advice! If you have any questions, you can leave a message, or send me a private message on WeChat. Because of limited energy, I will not reply one-on-one. After I organize it, I will analyze and answer it in the next article.
1、
https://m.bihu.com/article/1454069411
This article talks about the risk of depreciation brought about by the possibility of BTC being over-issued in 2024. What do you think of such concerns?
- I have read this article. When this news came out, the entire Bitcoin community was shocked, so someone immediately refuted the rumor that the additional issuance of Bitcoin was just an individual's idea and did not represent the community.
I don't think we need to worry too much about additional Bitcoin issuance for the time being. We assume that even if the core team of Bitcoin really develops additional Bitcoins, then Bitcoin will fork at this time, one is Bitcoins that are not additionally issued, and the other is Bitcoins that are additionally issued. I believe that most miners and communities will Bitcoins that are not issued will still be recognized.
2. Teacher, I am a novice who just entered the currency circle last year. I invested 180,000 yuan last year. Since I have no experience, I went through 519. Although I have returned some, I still lost more than 20,000 yuan. May I ask which coins should I allocate my funds in this bull market? Can you give me some advice? Thanks.
——First of all, the money you use for investment must be idle money, if it is money that will not be used for at least 2 years.
Secondly, as a novice, if you still want to continue to invest in the current market, I suggest you focus on your investment and only invest in Bitcoin and Ethereum, especially Ethereum. I don’t recommend other coins.
3. Isn’t the NFT on Huobi the same as the NFT mentioned by the old Taoist?
——The NFT I mentioned refers to the general term of a type of token, not to a specific currency. Technically speaking, these tokens are tokens implemented by Ethereum's ERC-721 or ERC-1155 standard. These tokens are collectively referred to as NFT, also known as non-homogeneous tokens.
There is an APENFT project on Huobi, and the abbreviation of the token is also NFT. Don’t misunderstand, it’s just a coincidence.
Here is a side note: Most of the projects I participate in are projects within the Ethereum ecosystem, that is, tokens issued on Ethereum. This is true of the previous DeFi tokens, and the same is true of the current NFT tokens. As for projects on other chains such as Tron, EOS, and BSC, I basically do not participate, because time and energy are really limited.
4. I have carefully read your monograph (blockchain: the soul of the metaverse), and I would like to consult you. You did not talk about the flow of the public chain in your focus. I would like to hear your views on this public chain. How is this public chain? ? ! Thanks.
——At present, due to my limited time, energy and financial resources, I only focus on the Ethereum ecosystem. In addition, I also expressed my point of view in the book: I think that in the future metaverse ecology, Ethereum is still the king. So I basically didn't pay much attention to other public chains.
5. Is there hope for SAND in the second half?
——I think that if the bull market continues to finish the second half as I imagined, then SAND still has room to rise, but it's hard to say how much space there is.
6. I appreciate your article very much, I pay attention to it every day, and at the same time strengthen my knowledge of blocks. I would like to ask, in the second half of the bull market, which coins in the NFT sector are you optimistic about have potential?
——In the NFT sector, I am optimistic about many coins, including ERC-20 tokens MANA, SAND, Rari, and NFT tokens Cypherpunk and BAYC. But the prices of all these coins are not low now, especially the coins in the NFT field have risen very sharply in the past two months. If you enter the market now, it is hard to say how much room investors will have in the current market.
I suggest that if the risk tolerance is relatively weak, then simply wait until the bear market before buying. If the risk tolerance is strong, then the above ERC-20 tokens can try to invest regularly. For cypherpunk and BAYC, you can follow my "Fragmentation" "The method in that article is fixed vote. But what I want to emphasize again is that the prices of these coins are not low now, so you must think twice before buying them. If you can’t bear the risks, don’t force yourself. It’s better to buy Ethereum directly.
If you are a novice, then don’t invest in these coins at all, just invest in Ethereum, or not even invest in Ethereum, wait for the next round of bear market, and focus on learning and observation for the rest of the market.
7. Metaverse, do you have any recommended coins? Inside the okex.
——I don’t know which metaverse coins are in OKEX. Now I basically don’t go to the three major exchanges to buy coins. When I buy ERC-20 tokens, I basically go to Uniswap or Sushi; when I buy NFT tokens, I basically go to OpenSea. So I don't know what coins are owned by the three majors.
8. Can NFT tokens only be bought on opensea? Do I need a wallet to trade?
——At present, almost the vast majority of NFT tokens are gathered on OpenSea. Of course, besides Opensea, there are also many transactions on Rarible. Yes, an Ethereum wallet is required for transactions.
9. Is BAYC in the article an NFT token? Why do I think it is a picture of an ape?
——It is a token, but the visual representation of this token is a picture.
10. Ethereum has rebounded so much, should we wait until it is below 1500 before buying?
——After May 19th, when I first said in the article that I started to invest in Ethereum below 1,500, I said another situation: that is, if Ethereum falls below 1,500 USD in the current round of market prices, I missed the opportunity Then miss it, and have no regrets. Then the next time you decide to invest in Ethereum, just wait for the bear market.
Of course, if you really want to buy it, then buy Ethereum, but be careful about the risks. I am not increasing my position in Ethereum now, and I still only hold my previous fixed investment of less than 400 US dollars.
11. Hello, teacher! Can I ask you for advice: After Ethereum L2 goes online, is polygon still useful? Thanks.
——Polygon recently acquired a ZK solution of L2, which shows that it is laying out the L2 of Ethereum. This is to plan for the future, and I believe it will still be useful in the future.
12. Brother Dao, I have been reading every issue of yours. I am particularly interested in the NFT and metaverse you mentioned recently, and I am also looking forward to your new book (blockchain: the soul of the metaverse), but related information and projects I don't know how to participate, can you share some software and channels you use? grateful.
——At this stage, the tokens in the NFT field I am concerned about are mainly NFT tokens. There are very few channels for these tokens at present, and the trading of tokens is almost mainly on OpenSea, Rarible, etc. The channel to learn about new projects is almost Twitter. In addition, OpenSea has a trading volume ranking, which is also a channel to learn about new projects. The URL is as follows:
https://opensea.io/rankings
13. Are chz and near NFT tokens?
——I don't know much about these two coins, but they can be found on coinmarketcap. If these two coins are the two found on coinmarketcap, then they are not the NFT tokens I am talking about.
14. Which currency is cypherpunk synonymous with? Or is it the general term for a class of currencies?
——Cypherpunk is the name of an NFT project.
To give an example in real life: For example, our 1.4 billion people are collectively referred to as Chinese, because our nationality says we are "Chinese", and this "Chinese" can be understood as the name of the NFT token . However, there are 1.4 billion individuals in the NFT "token" of "Chinese", each of whom has different characteristics, so each Chinese is a specific NFT token under the big name "Chinese".
The same is true for cypherpunk, it is a general term, it has 10,000 specific punks, and these 10,000 punks are numbered from 1 to 10,000. So strictly speaking, when we specifically refer to a certain punk, we should actually say "Cypherpunk No. XX".
15. Brother Dao, I would like to ask, if cypherpunk is an erc20 token, if there is no difference between each token, how does it correspond to the relative punk position on the general map? Could it be that 10,000 erc20 tokens are issued, and each time the token name code is +1?
——Cypherpunk is not an ERC-20 token. Since it did not have the ERC-721 standard when it was launched, it is not an ERC-721 token in the strict sense, but its implementation is very close to ERC-721, so We also call it NFT tokens.
As explained earlier, it has 10,000, and these 10,000 are collectively called "cypherpunks", but these 10,000 are each different, and each has an independent number, from 1 to 10,000, and each numbered punk has its own avatar.
16. Which website is nftx?
https://nftx.org/
17. Investing in defi and NFT, for ordinary small traders, I don’t know how to choose, there are too many tokens. Is it okay to invest in Ethereum without thinking?
——No problem at all, in fact, this is my point of view all the time. If you are at a loss in the face of so many tokens, then the simplest mindless decision is to invest in two coins: Bitcoin and Ethereum. I personally configure Ethereum more.
18. By the way, what do you think of the impact of the new US infrastructure bill on virtual currency?
——Personally, I think it has little impact, or even a positive effect to some extent. According to related sources, through the debate on this bill, members of the U.S. Congress who did not understand encrypted assets at all now understand: it turns out that encrypted assets are the best private assets, as long as they are in their own wallets, anyone can take them. Assets that don't go away. For Americans who regard private property as sacrosanct, there is probably nothing more attractive than this. So after the debate, many members of Congress privately began to inquire about how to purchase encrypted assets.
