From the end of 2020 to the beginning of 2021, the digital cryptocurrency market has ushered in a bull market: Bitcoin prices continue to break new highs. In the early morning of January 8, 2021, Bitcoin broke the $40,000 mark . Since December 16 last year, the price has doubled in less than a month. Today, the total market value of the digital cryptocurrency market led by BTC has exceeded 1 trillion US dollars. At the beginning of the new year of 2021, Kong Meng, the founder of VeryHash, held his first live broadcast as scheduled. Based on the overall upward trend of the current crypto market, Kong Meng believes that the US dollar and bonds are still the most basic logic supporting the global financial market. As a high-risk asset, Bitcoin's continued rise comes from this. He also mentioned that, first of all, the Federal Reserve controls monetary policy, and on the other hand, Congress and the Senate decide on fiscal decisions. These two aspects determine the issuance of currency and the rise of U.S. stocks and digital currencies. Speaking of this round of bull market that everyone is paying close attention to, Kong Meng believes that there is no sign of braking in the short term, and there is a high probability that a bull market that no one can imagine will appear this year. The following content is a live broadcast record: Kong Meng: Hello everyone, today I would like to share with you the components and correlations of the recent bull market. Recently, many friends have asked us about this. First of all, we know that financial reasoning from a macro perspective has certain cyclical performance. First of all, we can conduct a macro-level analysis from the bottom up, which affects the economy through monetary policy. Global banks start a money printing race, wealth shrinks, Crypto assets are rapidly increasing in value Relevant data show that in 2020, the total money supply of the United States, China, the Eurozone, Japan and eight other major economies increased by 14 trillion US dollars. As shown in the figure: In 2020, the total money supply of the world's 12 major economies surged to US$94.8 trillion, an increase exceeding the data for all years since 2003. The above data show that the world continued to print money in 2020, and the epidemic factor also accelerated the appreciation of anti-inflation assets represented by Bitcoin. A question worth paying attention to: How long will the bull market last? One indicator for judging the bull market cycle is to observe the actions of the Federal Reserve. Whether the Federal Reserve is still buying bonds means whether it is stepping on the brakes. Even if there are signs of stepping on the brakes, there is still a certain delay space. The epidemic has directly affected the appreciation of digital crypto assets. The Federal Reserve decided to purchase some high-risk bond reserves from its first meeting in April. So far, there has been no action to step on the brakes. An unimaginable bull market may appear this year. From a micro perspective, many people are still in the mindset of getting out of the predicament when it comes to digital currencies. Looking at the weekly chart of fundamentals, the volume of buying is shrinking, and everyone is replacing all of their previously trapped assets through turnover. The emotional performance of the bull market in 2017 is that there is no doubt about it. The real bull market lies in the fact that everyone believes that this thing will continue to rise. Another thing is whether the weekly line is expanding at a large level. In fact, there is already an asset whose returns have completely outperformed the price of currency, and that is mining machines. Why is mining machine trading more secure and more profitable? How to trade mining machines at low cost and conveniently on Veryhash? In a period of high market growth, the right time to buy mining machines is when you have confirmed the bull market. We have conducted data observation and backtesting for more than 18 months on the trading income of mining machines. You can refer to what I shared in the last live broadcast: "Crossing the bull and bear markets, achieving a low-risk trading strategy on VeryHash that outperforms BTC by 72%". In a certain period of time, mining will outperform cryptocurrency speculation. Why is mining better than cryptocurrency speculation? Because mining has a slow turning point, the increase in mining machines during this period is much higher than the return on simply holding coins. veryhash.com We believe that the so-called rate of return means that you can get more returns than holding coins only when the principal is fully taken into account. Since we founded VeryHash in 2018, we have continuously improved the standardized transactions of mining machines and solved the liquidity of the trading platform, allowing users to trade mining machines more conveniently on the platform. For users who are still uncertain about the market, we have developed a product that makes it easier for users to achieve low-threshold arbitrage and mining. Mining machines are auctioned in the form of a Dutch auction (a descending price auction). As long as you hold the computing power, you can get mining income every day. In the current rising market, if you do not want to continue mining, you can sell the computing power at any time, so that users can reap double benefits. We now hold five mining machine auctions every day. Some users have already adopted trading strategies such as grid trading on the platform to achieve higher returns. Some users in the community have shared their stories of making profits since participating in mining machine auctions on the platform (with my permission, a real mining machine auction user story is attached). "I first learned about this platform through a friend, who said that it was possible to trade computing power, which was more convenient than buying mining machines directly. So I joined the community, just in time for the mining machine activity. After joining the community, I learned that the current mining machine activity was being auctioned, and I was wondering if the mining machine auction should be more expensive as it goes on. After learning more about it, I learned that VeryHash did a Dutch auction (a price-reducing auction), which reminded me of the street vendor selling kitchen knives on my grandma's street. Would you like 80? 70, 50, 40, 20, 10 yuan... At this time, an old man spent 10 yuan to buy it. At first, I went to the group to see how they played it, but by the time I understood it, all the auctions for the day had ended. It was a brand new day. I didn't go home after get off work and waited in the company until eight o'clock. The VeryHash auction group event started. I tried to auction 10T. The market price was 50.5T at that time. When there were 60T left, I snapped up 10T. All of us who participated in the auction got it at 49.6/T. After the event ended, I transferred the address sent by the chief customer service of veryhash and my account information. After driving home, I saw that my computing power was already displayed in my account. I thought that I could just wait for the daily income. This state of waiting for income continued for a while; until I learned about the operation of other friends in his group: those auctioned at low prices, directly listed high prices and sold them, making steady money. This steady is not the steady that people in the cryptocurrency circle say, they are not playing contracts. My steady is, for example, I only make 10U-20U for 500U, and the rate of return is only 2%-4%. But it is real money-making! Every time I auction the computing power, I sell it at a low price, and at least I can sell it without making any profit. Based on my experience in the stock market, I can see that the K-line of VeryHash's page is also running very beautifully, and I also tried to sell my 49.6/T computing power. Until now, I have learned to sell directly from the auction to the pending order, and I can make steady income every day. " This is a common strategy used in mining machine auctions; you can place an order at night and complete the transaction the next morning. You can arbitrage through auctions every day, earn income through mining, and sell it at any time. If you want to participate in VeryHash mining machine auctions, you can add customer service WeChat to participate: VeryHash. Next, answer your questions: 1. Is it better to mine or hoard and speculate on coins in a bull market? The first one is to hoard coins The second type is fixed investment The above two types of returns cannot beat the returns from staking Bitcoin to invest in mining machines. In a bull market, this method has the highest returns. 2. Let’s talk about Filcoin mining The lock-up mechanism of Filcoin mining limits liquidity, and once liquidity is affected, uncertainty becomes even greater. We also provide users with the most free trading platform. They can choose to mine for one day or two days. If they don’t want to mine anymore, they can sell at any time. That’s all for today’s sharing. See you next time. Scan the QR code to add VeryHash official customer service WeChat [Introduction to VeryHash] VeryHash is the world's first mining machine computing power trading platform Committed to building a global financial service ecosystem based on computing power trading https://twitter.com/VeryHash https://www.facebook.com/veryhash https://support.veryhash.com https://veryhash.com The world's first mining machine computing power trading platform
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