The decline of mainstream digital currencies from January 27 to March 27 th

Compared with last year, the performance of the cryptocurrency market since March is really like ice and fire. For investors, they thought they had bought at the bottom, but they bought halfway up the mountain? Except for the behind-the-scenes culprits who printed Tether, no one dared to say whether Bitcoin would rise or fall tomorrow.

Market makers are dormant

On March 20, the company issued 300 million USDT, but the arrival of the bull market needs to rely on good news. The big market makers will not raise the price for no reason, especially in the current market where investor confidence is at a low ebb. The performance of this newly issued digital currency is really unsatisfactory.

"Shared Finance" learned that this week, major Internet companies including Google, Twitter, Facebook and other overseas markets collectively blocked ICO ads. Many industry insiders believe that this move is not good for cryptocurrencies. In 2017, ICOs were rampant, and 98% of ICOs were mainly for money-making, which did not play a positive role in the entire cryptocurrency ecosystem. This time the blockade is mainly aimed at token sales, so it has largely killed the existence of these ICOs. And there are still enough platforms for good ICOs to promote.

BTC-41%   ETH-129%  XRP-111% IOTA-109% NEO-150%

XLM-197% VEN-133%  LTC-28%   EOS-154%  DASH-107%

ADA-295%  BCH-77%  TRX-55%  QTUM-154%  BNB-17%

USDT+1%

These digital currencies, whose names are incomprehensible to the outside world and whose projects they are unknown to the outside world, have fallen far more severely than the stock market.

"It will continue to fall. The market is stagnant. The ETH market is sluggish. The chips in the hands of institutions are shrinking, especially ETH. How can they not be anxious? Not to mention the altcoins, which have no liquidity at all. As long as the institutions sell, they will not be smashed in this situation? The project parties are eager to cash out. They will not stop until ETH drops to $200, not to mention that the scammers hold a lot of ETH and smash the market at zero cost, which will only get worse." On March 28, a domestic currency circle boss who did not want to be named told the reporter of "Shared Finance".

With the overseas market being so sluggish, the digital currencies issued by China are not much better.

Previously, Cai Wensheng, chairman of Meitu, described the blockchain bubble like this: blockchain is the largest bubble in human history. The previous bubbles were all regional, and blockchain has become a global speculative behavior through the spread of the Internet. But the bubble has just begun. You must know that most people around you don’t have Bitcoin and have not entered the blockchain. Many people who want to buy coins can’t find a way at all. Bubbles are also catalysts for technological revolutions. The development of electricity in the 1920s led to the automobile industrial revolution, which triggered the Great Depression of 1929. The rapid expansion of the IT industry driven by the Internet in 1995 led to the Nasdaq bubble in 2000. However, after each bubble, these industries have truly changed the development of the world. We can only embrace bubbles. Not participating is the biggest risk.

In 2018, these people will die in the currency circle:

1. People who trade heavily, frequently, and expect to get rich overnight!

One day in the currency circle is one year in the world. This sentence is by no means false. The currency circle is open 24 hours a day, 365 days a year. It may rise several times a day and become a rich man, or it may fall 90% and become a poor man when you wake up. Under this rhythm, those who are bankrupt and hope to get rich overnight may be frustrated by a wave and become a burden that life cannot bear.

2. People who make small money but lose big money!

When making money, they feel that "two birds in the forest are not as good as one bird in the hand", and they are eager to take profits. When losing money, they are unwilling to leave the market with a small loss but hold on to the loss order tightly, hoping that the price will return to the cost line to make money before closing the position, which leads to greater losses.

3. People who are afraid of missing out on the market and trade against the market!

Many people like to "buy at the bottom", especially novices! They always hope to buy at the bottom and sell at the peak. And they are often ecstatic for their occasional lucky success, and boast about how great they are! However, real veterans will never be proud of buying lower or selling at the peak. Risk awareness will make them trade only after a clear peak or bottom signal appears.

4. People who believe in rumors and invest blindly!

In 2017, many people made a lot of money in private placements, leaving behind many legendary stories. But as the market grows, the wind direction has changed. We spent a lot of space in the previous article to help everyone understand the "concept of Bitcoin collection". The reason why Bitcoin can become the diamond of the Internet age is because of everyone's general recognition. The reason why Ethereum can become a "ruby" is also because of the general recognition of the public. It is becoming more difficult for new coins to gain widespread recognition, and the probability of blind investment success will become lower and lower.