After the craze, there will inevitably be a mess: suggestions and advice for altcoin investors

Are you buying virtual currency for investment or speculation? If you use virtual currency as a gambling tool, you will definitely lose. If you are an ordinary investor and do not have a complete value model and stubborn system, and you chase any currency that rises, without putting risk first, please leave the market as soon as possible. After the virtual currency bear market, some altcoins will never be able to get up.

I hope this article can give some insights to those who read it. As I write it slowly, if you have any questions or want to discuss, please leave me a message.

Data of some altcoins after the 2013 bull run:

Currency: Feather Coin, highest price 14, current price 0.26

Currency: PPC, highest price 60, lowest price 1.5, current price 14

Currency: BBQ. Highest price 3 yuan, lowest price 0.003. Current price (delisted)

Currency: Yuanbao Coin Highest price 360 ​​Current price 39

For those speculators who were deeply trapped in 2013, it is impossible to get out of the trap, and many of them have even gone to zero. In my opinion, virtual currency is like a cold and cruel mysterious woman. Countless stockholders who entered the market coveted her beauty, but they didn't know that they had embarked on a road of no return. You may not be able to understand the market even if you spend countless time, energy and money. The hardships and dangers involved are beyond imagination. Looking back on the road of copying coins, the hardships and dangers I experienced are beyond imagination. If someone asks me again, if I were to walk this road again, would I dare to do it? I will answer without hesitation, "Never again."

Yesterday is memorable, and the future is promising - this is also a record of my cryptocurrency trading here for several consecutive years.

1. Gold is found after the great waves wash away the sand, but the old drivers are gone

The world will not owe every serious, hard-working, and persistent person. If there is, it is because they are not persistent enough. 3 years ago, it was also in May. It was a special day. It was a disaster day for xrp investors because the price of xrp plummeted by more than 40% and the price was only more than 1 cent. http://mp.weixin.qq.com/s/71RurubtvWftSDPu6ChxDw It was also on this day that I wrote an article asking everyone to reduce their holdings. Today, it seems that this persistence is worth it, because the price of Ripple has reached 1.2, which means that it has almost increased 100 times from the lowest point of the decline. Unfortunately, when this wave of market rose to 6 cents, many people began to sell. When it rose to 5 cents and then fell back to 2 cents, there were not many people holding it. This time it rose to 1.2, many groups were quiet, and the old drivers had already got off the bus.

2. The Price Speculators Pay

After experiencing the big bear market in 2014 and 2015, I understand more and more the reasons for insisting on value investment and investing in Bitcoin. The market three years ago was very similar to the current market, or even crazier than it is now. For now, in addition to recalling every wrong operation warning to improve myself and future decision-making, there should also be doubts and reflections on the group of cryptocurrency speculators, especially those novices who have not found the correct investment concept. After experiencing a bear market, they will never get up, just like those speculators in 2014 and 2015. I did not leave, and I have never left. I have been studying virtual currency, not talking much to people around me, and rarely contacting relatives and friends. Sometimes I lock myself in the house. Some moods always need some release and outlet, even if it is talking to myself, just like a blocked road, it also needs an outlet.

3. Man can conquer nature. Similarly, man-made disasters are greater than natural disasters.

BitShares, which was completely defeated, has become like a computer with a buffer storage. Shut down, restart the computer, and clear the cache. Insist on decentralization and community crowdsourcing? So much so that you are now writing articles criticizing Ethereum? Centralization means corruption, and absolute centralization means absolute corruption. The foundation of blockchain is trust. If this foundation is shaken, it is not blockchain. People will make mistakes, and people will not make only one mistake. Man can conquer nature. Similarly, man-made disasters are greater than natural disasters. The foundation's dictatorship will not stop. The Dao is just the beginning. Smart contracts and Turing completeness. Without the cornerstone of trust, everything is just a cloud. Ethereum is crazy in the bull market, and it will inevitably die in the bear market.

4. I will persist, and I believe it is worth persisting

Blockchain is the cornerstone of trust. Its biggest role is to make the peer-to-peer network form a linear relationship. It is the underlying protocol of the value Internet. The protocol should not belong to anyone, nor should it be controlled by a certain person or organization. If a company, an organization, or a certain person has too much influence on it, then its fairness will be greatly reduced. 2017 is a year of rapid development of Bitcoin. What I saw in Japan has further strengthened my confidence. Bitcoin was banned by the central bank, which led to a surge in altcoins. I think it is temporary. If Bitcoin dies because of the ban by the central bank, it means that it is a problem of Bitcoin itself, not a problem of the central bank. Therefore, I suggest that everyone move at least 50% of their positions to Bitcoin.

5. The world of the future

Bitcoin has opened a window for us, letting us know that there is another world, a future world. Unless a major accident occurs, it is difficult for people to change their minds, and sometimes it is difficult for us to realize this. Therefore, it is a good way to establish excellent thinking and values ​​to get in touch with Bitcoin fans, listen to some ideas that are completely different from your own, and understand these things with a peaceful mind.