I think the encryption market has started to recover, and the encryption market will continue to rise. Although the encryption market sometimes falls, I think this is a normal phenomenon.

I think it is very possible that the price of Ethereum last year has already broken the historical high price. When this year's bull market came, I think Ethereum is likely to exceed last year's price.

Although many people are more familiar with bitcoin, Ethereum has also gained a fair share of the market with its own value. However, there are key differences between Ethereum and Bitcoin's blockchain.

    The difference between these two systems is that Ethereum's data processing is faster than Bitcoin's because after the agreement, Ethereum's system automatically applies to the terms and conditions in the contract.

    Although many people may think that the value of Ethereum is lower than Bitcoin, Ethereum may not be as good as Bitcoin, which is a good thing for investors who are looking for alternatives to Bitcoin. Lower prices may attract more investors because it will have more room for growth. The only downside is that Ethereum is not as established as Bitcoin. In view of this, Bitcoin is safer than Ethereum.

    Not as fickle as before

    Since the establishment of Bitcoin in 2009, cryptocurrencies have made great achievements, and they have continued to grow. In fact, the value of legitimate cryptocurrencies has risen since then.

    Although cryptocurrencies performed very well this year, analysts predict that when the economic situation is better, investors will leave the cryptocurrency and return to the traditional investment medium. When this happens, the cryptocurrency's volatility declines as demand decreases.

    Of course, we will still see the growth of cryptocurrencies in the coming years, which will help the industry remain strong. When this happens, investors are undoubtedly a good idea to hold cryptocurrencies for future growth.

In recent years, the pressure of economic downturn has been large and the global economy has slowed down significantly. In this case, people tend to buy hedged investment products rather than investing money in consumer products or production areas. Bitcoin is a good place for investment.

As mentioned earlier, Bitcoin has a constant amount and is not controlled by the central authority, which means Bitcoin has a good reliability. In addition, Bitcoin can invest through the Internet, while the traditional investment threshold is relatively high, so the speed of capital to enter Bitcoin is particularly fast. Bitcoin prices have been less stable, which is also related to the nature of the fast-forward Internet. The current economic situation is prompting the rapid flow of capital into Bitcoin.

From the perspective of blockchain, Bitcoin is a representative product of blockchain 1.0, so Ethereum can be said to be an upgraded version of the former, namely blockchain 2.0, applying blockchain technology to areas other than digital currency. in. The value of Ethereum may have been not only limited to a pure digital currency, but smart contracts and the commercial profitability of the Ethereum Virtual Machine (EVM) have made ETH a valuable commodity, and Bitcoin has become somewhat valuable in this respect. Powerless. Although investing in Bitcoin does produce substantial gains, as some teams in the above-mentioned game thought, Bitcoin has more limitations than Ethereum.

The current encryption market is the time to buy, not the timing of the sale. The current encryption market has started to rise from April and is continuing to rise. I think we must seize this opportunity to buy and wait.

In the encryption market, this is a normal phenomenon and the market will inevitably fluctuate. There has been no profit market. We can use this opportunity to invest in some of our favorite cryptocurrencies and wait for the market to pick up.

I believe in cryptocurrency, and I will continue to invest in cryptocurrencies. Once I invested in the encryption market and got a good return, and my friends also made money through the encryption market, so we have always believed in cryptocurrencies.

August 2013 Germany recognizes the legality of digital currency
2013-09 Israel recognizes the legality of digital currency
2013-10 Governor of the Bank of Israel Says Inevitable Trend of Digital Currency
2013-11 Canada Recognizes the Validity of Digital Currency
2013-12 France Recognizes the Validity of Digital Currency
2014-05 France Sets Up Digital Currency House
2013-12 China Affirms Validity of Virtual Digital Encryption Assets
2013-12 South Korea recognizes the legality of digital currency and exempts it from tax
2013-12 Poland recognizes the legality of digital currency and pays taxes
2014-05-07 Polish Ministry of Finance recognizes digital currency as a financial tool
2014-01 Singapore recognizes the legality of digital currency and pays taxes
2014-01 Italy recognizes the legitimacy of digital currencies and begins supervision
2014-02 Australia recognizes the legality of digital currencies and pays taxes
2014--02 Ukraine recognizes the legality of digital currencies and regulates
2014-03 UK Recognizes the Validity of Digital Currency and Reducing Taxes
2014-03 Japan recognizes the legality of digital currencies and regulates tax payment
2014-03 Scotland recognizes the legality of digital currency
2014-03 Indonesia recognizes the legality of digital currencies and supports transactions
2014-03-06 Denmark recognizes the legality of digital currency tax-free
2014--04 Brazil Recognizes the Validity of Digital Currency and Pays Taxes
2014--05 More than 50,000 merchants accepting digital currency payment in the Netherlands
2014-05 California Recognizes the Position of Digital Currency
2014-07 Russian Central Bank Shows Well on Digital Currency
2014-08 Philippines Recognizes the Legal Status of Digital Currency
2014-09 Belgian Government Announces Freedom of Digital Currency Trading Value Added Tax
2014-10 Finnish Revenue Agency Announces Exemption of Bitcoin Services VAT
2014-11 Australia recognizes digital currency as an asset
2014-11 California Establishes World's First Institute of Encrypted Digital Assets

Ethereum is a low-level system that can implement smart contracts and open source on the blockchain. It is a platform and a programming language that enables developers to create and publish next-generation distributed applications. Ethereum can be used to program , Distribute, guarantee and trade anything: voting, domain names, financial exchanges, crowdfunding, company management, contracts and most agreements, intellectual property, and smart assets that benefit from hardware integration. This is Ethereum's intrinsic value and platform value. It enables all walks of life to save a lot of time in the development of blockchain, and greatly increase efficiency!

When the market falls, we should keep our cryptocurrency. Do not sell. You can also buy some when the market falls. Wait for the market to come again.

Virtual currency, you will find in the forum has begun to discuss the Ethereum's investment value, which also happens to indicate that the industry's rapid development, the market potential, itself proves their investment value.

I still support Ethereum and I have been investing in Ethereum. Although this market fell, I have invested more Ethereum through this decline. I believe the market will always pop up a new height.

This is a normal phenomenon in the market and the market will not continue to rise. But this is an opportunity for some investors. The market will once again reach a new height.

The South Korean Minister of Justice stated that the South Korean Ministry of Justice is preparing to draft a bill to prohibit transactions through certain cryptocurrency exchanges. Other officials of the South Korean government subsequently issued statements that were slightly more Microsoft (90.14, 1.79, 2.03%). Reuters reported that the People's Bank of China has urged the authorities to ban the centralized trading of virtual currencies.

At the time, Nakamoto established two important rules. First, the total number of Bitcoin worlds is only 21 million. The total number is limited. This logic corresponds to the logic of gold, which means that the entire global gold reserves are limited. It's so much so it can be used as a currency.
Second, gold was digging this thing. It was very easy to dig gold at first. In the past, we said that a bunch of gold miners in the western United States could start scouring gold in the sand by the river. Afterwards, it was more difficult to bomb the mountains. It used machinery, hired more people, and had mines. Afterwards, if the mountains were to be frightened, gold could not be found. It was becoming increasingly difficult to find gold.

Bitcoin is also the same. In the beginning, a block placed 50 bitcoins, and a block was released every ten minutes. After four years, bitcoin's algorithm automatically puts the number of bitcoins in each block. Halve, reduce it to 25. Every time, Bitcoin in each block is halved, and like gold, it's getting harder and harder to dig.

So you understand that the logical setting of Bitcoin is exactly the same as that of gold.

So, you can think of bitcoin as digital gold.

Cash, gold, and digital gold all have a natural characteristic of being anonymous.

The market has continued to decline, and most market investors have lost something. But you have to know that this is a normal phenomenon in the market. There will not be a market that has been rising. We should stay calm at this time and wait for the market to come again.

ICO is a new model between VC and Kickstarter investment models, that is, blockchain startups raise funds for corporate projects by publicly selling pre-sale encryption tokens to enthusiasts and investors. For a limited time, investors can purchase tokens in Bitcoin or Ethereum blockchains. ICO usually sets the deadline or the maximum amount of financing. The institution may choose to set a fixed token price, issue a token according to the amount of cash raised by the ICO, or issue a fixed number of tokens and calculate the token price according to the amount of financing.

The difference between the ICO and the IPO is that the former occurs before the company develops actual products or services; the difference from the traditional crowdfunding is that the participants can obtain the stock rights or certain ownership of the issuing company, and can also vote on the company's decisions and projects in the future.

There are still many disputes about the legal classification of blockchain tokens. Reports issued jointly by Coinbase, Coin Center, Consensys, and Union Square Ventures contain guidance on judging whether or not tokens are securities, but lack clarity.

However, many people in the industry believe that with the continuous development of the Internet and the improvement of the Ethernet blockchain, Ethereum has the potential to surpass Bitcoin. In a research report issued by the Worcester Polytechnic Institute, he wrote: “A lot of people see Bitcoin as 'digital gold', and the main function of ETH is to record and store transactions. This essential difference makes us believe that ETH is the future. The best investment option in 5 years."

Investment is risky, but I think the investment risk in the encryption market is small. As long as you have enough patience, do not sell your cryptocurrency when the market declines, I think there will be no loss.