Investing in cryptocurrencies such as BTC, ETH, DOGE, etc. is one of the most profitable industries
Investing in cryptocurrencies such as BTC, ETH and DOGE is undoubtedly one of the most profitable industries this year. Users who previously held cryptocurrency spot have made a lot of money. Especially for some investors who hold cryptocurrencies such as BTC for a long time, if they sell the cryptocurrency now, the benefits they can get are incalculable. Although investing in cryptocurrency has huge risks, it is undeniable that the cryptocurrency market is really crazy. As long as mainstream cryptocurrencies such as BTC and ETH do not collapse, the enthusiasm for cryptocurrency hype will not slow down.
"Das Kapital" quoted a sentence, "If a thing has 100% profit, it will make people do it regardless of all laws. And if it has 300% profit, it will make people not afraid of crime, or even risk. Do it with the risk of being stranded.” The potential profit of cryptocurrency is not only 300%, but 3000% will be the norm under the operation of capital. Therefore, in order to obtain higher returns in the cryptocurrency market, capital may give up all credibility and bottom line. Of course, they have no credibility and bottom line.
For the benefit of them, they have launched thousands of cryptocurrencies and arbitrarily hyped various cryptocurrencies, and they dubbed it as the future of investing in digital currencies. In fact, in addition to capital giants, there are also countless small and medium investors who also want to get a share of the cryptocurrency market. Moreover, some investors who are following the main steps of the pair have already made a lot of money in several rounds of price increases in cryptocurrencies. In just a few months, someone invested $3,000 in SHIB and made nearly $600,000.
Altcoins such as DOGE and SHIB should be eliminated by capital, but the facts may be the opposite
After the collapse of these mainstream cryptocurrencies under the hype of capital, people's enthusiasm for hyping cryptocurrencies cannot be stopped, because the huge benefits of cryptocurrencies are enough to drive anyone crazy. As the representative work of blockchain technology in the Internet age, cryptocurrencies such as BTC may indeed have some technological value, but this is definitely not the value in the eyes of capital. Otherwise, altcoins such as DOGE and SHIB will not grow so fast. The growth of cryptocurrency depends entirely on the attitude of capital. Still the same sentence, if you say you can do it, you can do it, or you can't do it.
In the cryptocurrency market of more than two trillion U.S. dollars, BTC occupies half of the country, and it can be said that it is the leader of cryptocurrencies. BTC has a very high consensus in the market due to its early issuance time, and has always been called a genuine cryptocurrency. Other cryptocurrencies are more like altcoins. Of course, ETH, Ripple and Litecoin also have a certain influence. However, I think many people have never heard of cryptocurrencies such as DOGE, SHIB, ROI, and FLY. They are more like they have risen overnight.
We can look at the changes in the cryptocurrency market in the past few months. The market value of cryptocurrencies has increased significantly by more than 2 trillion, but the market value of BTC has continued to adjust for several months. According to the investment rules of the Internet industry in the past, if the cryptocurrency market really has development value, capital will not hesitate to invest in the leading Internet giants. In the Internet industry, the strong have always been strong, and no one pays attention to the weak. Altcoins such as DOGE and SHIB should be eliminated by capital and contribute limited resources to top-brand cryptocurrencies such as BTC and ETH.
If capital can give up BTC to hype DOGE coins, it may give up all cryptocurrencies
However, BTC was abandoned by capital without hesitation. In the past few months when the cryptocurrency has skyrocketed, BTC has been adjusting sideways. BTC is still BTC, and over time, it should accumulate higher consensus. The consensus system is the "core" value of cryptocurrency. With the improvement of BTC's consensus system, it deserves more attention from capital. But in fact, because the value of BTC is too high, it is very difficult to hype it again, let alone get the 300% return that makes capital crazy.
The altcoins such as DOGE, SHIB, ROI and FLY are just the opposite. Although there is not much consensus, the prices are very low. As long as the capital giants invest a small amount of money, they can be hyped up. Of course, the few here are for BTC hype. Only one-tenth, or even one-percent of the cost of BTC can be used to speculate a wave of altcoins. SHIB, which has become a hot spot in the past two days, only took less than a month to change from a counterfeit currency to a star in the cryptocurrency field.
If the rapid rise of BTC and ETH is what people expect from blockchain technology and the future cryptocurrency market, then there may be some persuasiveness. But the rise of DOGE and SHIB also tells me what a value investment is, so I don't know if you believe it or not. Cryptocurrencies such as BTC, ETH, and DOGE do have some technical content themselves, but their rise is more due to the hype of capital giants. Capital can give up BTC to hype DOGE coins, it may give up DOGE to hype SHIB, and finally may give up all cryptocurrencies.
Value investing in cryptocurrency markets such as BTC is actually a joke, just one of the means of capital speculation. In the face of more than 300% profits in the cryptocurrency market, capital giants may abandon all principles and bottom lines. Entering the market to hype cryptocurrencies such as BTC will bear huge risks, and of course the potential benefits are also huge. Following in the footsteps of the capital giants, you may make a lot of money. But if you accidentally lose it, you may lose the cost of eating.