This is a notice that the virtual currency exchange is suspending new user registrations, which seems, inevitably, a bit arrogant. However, they have no choice but to do so, there are simply too many young people rushing to get on board.
Data shows that in the second half of 2017, Coinan (Binance) added nearly 250,000 new users per day, Coinbase added 100,000+ users per day, and Kraken added 50,000 users per day ……
Who are these new users? ” They are unemployed young people in Africa who learned about the path to wealth in a crash course on virtual currency investment and hope to make a different path in life from their parents’ generation by their own “wisdom”;
They are also They are also young people who are not satisfied with their food and clothing, but always feel that they should not miss every opportunity of the “era” to create their own brilliance and glory;
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These young people, wrapped up in the era The young people who are wrapped up in the anxiety of the times, missed the real estate, missed the Internet, and took the virtual currency as the next big windfall of the times. For many people, investing in virtual currencies may be the only opportunity to achieve wealth freedom in their lifetime, and there is no turning back, no missing out.
“You have to get on the bus once in your life, if you don’t get on the bus, you will be left in the middle of nowhere”; “If the time spent reading Chicken Soup for the Soul, or complaining about class solidification, is used to discover new opportunities and do something meaningful, the world will become a better place “; ……
These people, who see hope in virtual currencies, also give new hope to virtual currencies.
The power of faith, indestructible
When a person gives too much connotation and trust to a thing, the nature will inevitably change, from the initial money-making investment slowly into a moving spiritual belief, and the power of faith, indestructible The power of faith is indestructible.
When investment becomes a belief, every risk tip is seen as a provocation, only to provoke investors’ fighting spirit.
When investment becomes a belief, every risk tip is seen as a provocation, only to provoke investors’ fighting spirit.
For virtual currency investments, Warren Buffett, who has been anointed a god in the speculative market, has hinted that “overall, in the case of cryptocurrencies, I can almost certainly say that they will end badly… I don’t know when or how it will happen, etc. “.
The investor countered with the famous “Clark’s Three Laws”, suggesting Buffett is old and stubborn.
“1. If a distinguished scientist of advanced years says that something is possible, he may be correct; but if he says that something is impossible, he must be incorrect.”
“1.
2. The only way to discover the boundary of whether something is possible or not is to cross that boundary and run from the impossible to the possible.
3. Any very advanced technology is, at first glance, indistinguishable from magic.
Under this logic, the more authoritative experts hint at the risks, the more reliable the matter is, the more you have to buy.
When the rise becomes a belief, every regulation and chant will only usher in a greater rise.”
In August 2017, Bitcoin saw its first fork, which meant a split in the community, but after a brief pullback, the market rose with a vengeance, reaching new highs.
In September 2017, the country ushered in new regulations on ICOs and virtual currencies, and after a brief dip in the market, investors and institutions exited and prices hit record highs again, with a bunch of aircoins instead ushering in more leeks around the world.
Since November 2017, Russia, India, South Korea, the U.S. SEC, the World Bank, Europol and others have prompted virtual currency risks and hidden dangers, and each “heavyweight” prompt has injected new energy into the cryptocurrency world after the fact.
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Each time it fell, it ushered in a faster rise, and to some extent, the negative has become the medicine to save the price of the currency.
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blockchain, for “faith” into the wings of technology
from the economic logic, the price rise is nothing but a strong demand and supply shortage. In the virtual currency market, there are more and more people who have a strong “faith”, and there are not enough coins to invest in and worship.
Under the invisible hand of the market law, more and more people are joining the ranks of coin issuance. In the domestic ICO is the red line, then move the server to foreign countries, online foreign exchanges, the team is operating in the country to facilitate the “service” domestic investors. In the propaganda, since tokens can no longer speak, then speak blockchain.
A few days ago, a venture capital FA who had not contacted me for a long time asked me to talk about blockchain, and after the meeting, I found that the blockchain project in the other party’s mouth was just issuing tokens. This is what dawned on me. In recent days, the concept of blockchain has become a big hit in the circle of friends and mainstream media, many people must talk about blockchain when they meet, and several articles about blockchain are also on fire again on ZhihuUp. It turns out that this blockchain is not the other blockchain, and what everyone is concerned about is always the token. In many cases, the blockchain is just a layer of sheepskin put on by the cryptocurrency circle in order to “comply” with the publicity project.
In fact, over the years, the cryptocurrency and chain circles have become more and more distant, completely two groups, the former is dominated by individuals and small teams, busy with ICO tokens; the latter is dominated by institutions and entrepreneurs, busy reinventing the industry and changing the world.
In fact, over the years, the cryptocurrency and chain circles have become more and more distant, completely two groups.
The wealth effect on the virtual currency represented by bitcoin ushered in a surge, the coin circle has achieved countless billionaires, the chain circle is still busy piloting and landing, the coin circle bigwigs do not look at the chain circle of bitter entrepreneurship.
Policy environment, there is also a cloud of difference, virtual currency has become a policy no-go area, is a red line, while the blockchain is written into the national planning, become a popular fried chicken in financial technology.
It is also because the policy environment is getting tougher and tougher, the coin circle that makes money but has compliance risks has started to play the idea of blockchain, in the name of blockchain to engage in the business of token issuance, wouldn’t it be great. At this point, tokens become the medium of value in blockchain projects.
From the investor’s point of view, blockchain also provides scientific and technological support for their speculative beliefs, learn more about blockchain on weekends, so that speculative “beliefs” are more firm, and on the road to freedom of wealth by speculation.
From the investor’s point of view, blockchain also provides scientific and technological support for their speculative beliefs.
When leeks have faith
In view of the fact that more and more countries are beginning to prompt virtual currency risks, since January 2018, the virtual currency market has once again come out of the downward trend, and the price of bitcoin has been cut off from the highest point. It seems that you can come forward to hint at the risk, but trust me, any risk hint is inevitably smack in the face after the fact.
With the call of “faith,” the drop just provides a better time to buy, and more and more people will want to get on board. According to statistics released by Wiseapp, a Korean APP analytics firm, the number of cryptocurrency app users in South Korea has grown 14 times in the past 11 weeks to about 2 million, with an average daily operating time of 26 minutes, twice as long as brokerage apps. In Brazil, the number of cryptocurrency users has more than doubled the number of stockholders. In Russia, more than 60% plan to invest in virtual currencies in 2018 ……
In the zero-sum game of speculation, virtual currencies have always had big ups and downs. In a very small number of people, volatility is the best reward, the K line reflects the perfect curve of leek growth and leek cutting; in the vast majority of people, volatility is the real slaughterhouse, only, when the leeks have faith, cut a crop can always rise a crop.
This is no longer a place for logic.