How to understand digital currency project

1. With the rapid rise of bitcoin, digital currency has entered an era of barbaric growth. At present, there are nearly 1000 kinds of digital currency or procts under the banner of digital currency listed on various trading platforms, and it is said that there are nearly 5000 kinds of procts waiting for the exchange. Hehe, this is the best time and the worst time. It should be said that among so many procts, there must be some outstanding ones who will eventually stand out, become technology leaders and instry benchmarks, and start another wave of miracle of making wealth. However, most digital currency procts will eventually be eliminated, or even become laughingstock and scam. In fact, it seems that many of them are scams now

in the mixed market, how to practice a pair of eyes to identify the authenticity, this paper provides several perspectives for your reference

First, technical basis. The value of bitcoin does not lie in its price, but in its technical basis - blockchain, also known as distributed ledger technology. It is an Internet database technology, characterized by decentralization, openness and transparency, so that everyone can participate in database records. This paper is not a popular science article, and does not do too much entanglement on the technical explanation. But you need to understand the basic characteristics of blockchain. The first is decentralized and intermediary trust. There is no backstage, no manipulation, and no need for a third party. The second feature is its stability, reliability, persistence and security. Because it is a distributed network architecture, no central node can be attacked, so it has stronger stability, reliability and persistence in the overall technical layout. At the same time, the consensus mechanism does not need the entry of a third party, but through a technology, a previously scheled technology to achieve the completion of the whole transaction. The third is the openness, transparency and non tamperability of the transaction. So when we look at digital currency, we must look at its technical basis. Only when the technical basis is in line with the actual digital currency can it have investment value

Second, trading platform. Investment in digital currency is inseparable from the trading platform, so it is very important to choose a reliable trading platform. A good trading platform should have the following characteristics. First, it is fair and impartial. All traders are treated equally without any discrimination, regardless of the size of the transaction volume or the geographical location. In particular, as an exchange, it can not issue money. How can it be fair and just to be a referee and an athlete? Second, freedom of advance and retreat, without artificial barriers and obstacles. Free registration, free use (not transaction costs). There are no restrictions on the freedom of deposit and withdrawal. Your own money is up to you. What needs to be pointed out here is that today's exchanges are all unregulated. They are also in a period of barbaric growth. Like digital currency, there will surely be outstanding people who will become the benchmark after the waves, and there will also be runners who will leave behind a lot of chicken feathers

Third, monetary characteristics. It refers to the characteristics of a digital currency. A look at scarcity, that is, its circulation. Bitcoin is 21 million. There are many behind it. There are tens of billions and hundreds of billions of bitcoin. If the amount of bitcoin is too large, it is difficult to pry. Second, the theme is the entry point and application basis of a digital currency, from which we can see the social responsibility and existence of the digital currency. Nowadays, there are various themes, such as tips, watching Japanese AV, keeping virtual pets, naming planets, symbiotic economy, and so on. Different people have different opinions, but human society still has common basic values. As an investment, we should firmly grasp this point

Team background. The spirit of enterprise is the embodiment of human spirit. What a liar opens can only be a liar company. Therefore, in the face of a digital currency, it is also important to understand the background of its creative team members. What is the common goal of the team? What are the common interests? Which stage of development is currently in? This seems to be a bit difficult, but because we have the Internet, we can still do it, just don't believe what he said

digital currency investment, in the final analysis, is a technological activity, the key lies in learning and communication. Finally, the value of bitcoin lies in that it has led an era and successfully carried out a popular science ecation for the people on earth. In the future, the dominant digital currency will be the kind of digital currency that covers the world and is endorsed by the common value (such as gold), at least at a certain stage

the Internet will not die out, and digital currency will eventually move towards standardization and orthodoxy. As an investor, are you ready

2.

"Investment is risky, so be cautious when entering the market." the same is true of digital currency investment

< H2 > I. channels for digital currency investors to understand the project: < UL >

instry community (e.g. wechat group, telegraph group, currency group, etc.)

instry media (e.g. golden finance, currency world, Babbitt community, block instry)

offline activities (e.g. blockchain instry summit, blockchain offline salon, blockchain cocktail party Blockchain project roadshow site, etc.)

instry tycoons (get some project information through communication with instry tycoons)

investment institutions (many good projects are aimed at investment institutions, not at outside indivials, so digital currency investors can contact with some investment institutions, Get the latest projects)

and so on

< H2 > Second, how do digital currency investors select projects

here, the blockchain instry will introce eight aspects to screen and identify blockchain projects:

1, white paper

the first thing to look at is the white paper of the project, which is very important. Usually, the white paper of the project will show the instry demand background, technical background, team information, instry pain points solved, investor relations and the future development plan of the project, etc. When you read the white paper carefully, you will have a clear understanding of the projects you invest in

2, team, consultant and platform boss

we know that investment projects in the investment field, in many cases, will look at people, and investment projects are mostly the founders and teams of investment projects. The blockchain technology talent market is very scarce. Under normal circumstances, there should be senior technical experts in the excellent team. Users must know the relevant information through multiple channels when looking at the project team members. If the project has a star or instry tycoon platform, you should be careful to avoid exaggeration or false publicity of the project

3, whether the project application solves the problem

after having a general understanding of the project, we need to combine with the real background of the instry where the project is located to deeply analyze whether the project has solved some problems of the instry, and whether the application scenario of the project is real and feasible. If the viewpoint of the project is far from the needs and problems of the instry, you should be careful about this project

4. Project code submission Review

users who know a little bit about technology can see the degree of team code submission. If they come out to raise funds without even code, the risk of the project is great

5, the degree of technological innovation of the project

on the level of technological innovation, we need to see whether the project gives full play to the technical advantages of the blockchain, whether there is innovation and whether it is open source. Generally, open source projects will be uploaded to githob. As for the common problems at the bottom of the blockchain, how the project side solves and plans them

6. Pay attention to the fund-raising situation of the project

we can have an in-depth understanding from the following aspects: whether the total amount of fund-raising of the project is reasonable, whether there is excessive additional issuance, whether the token allocation of the project is reasonable, whether there is a record on the official website, whether the team members make fraud, etc

7. Online trading platform

we can also make lateral judgment through the online trading platform of the project. In general, the well-known trading platform has a strong review on the project. If the project is launched on a small trading platform, or even a trading platform that has never heard of, it needs to be treated with caution

8. Refer to the opinions of the third-party project rating agencies

at present, there are not a few third-party project rating agencies in the market. We can refer to the suggestions and opinions of the third-party project rating agencies on the project as a channel for us to understand the project. It is possible that the project rating agencies have different scoring systems for projects, but their final results will not have a big gap, which can be referred by many parties

How to invest in digital currency

after understanding and determining the project to be invested through various channels and means, we should look at the progress stage and fund-raising situation of the project. Here, the block instry reminds you that when you want to participate in the project investment, please contact the official or officially authorized service provider of the project to avoid being cheated by criminals

3.

The globalization process of digital currency is still progressing steadily. All countries are trying to develop their own blockchain applications and have great expectations for the innovation brought by new technologies. However, ordinary people do not seem to be very interested in these technologies. They prefer to get benefits from blockchain technologies, so more people still learn blockchain because of currency speculation, The threshold to enter the blockchain instry itself is very high. Basically, in the early stage, it was the technology God that entered. Later, some financial practitioners with foresight entered the instry through the currency circle, and then the capital market led by 3M poured into bitcoin and Leyte, which gave birth to the whole bull market of digital currency, Then we knew everything about it, which triggered a new crowd financing, which gave rise to the bubble and then returned to the present value. p>

the result of this round of market is to let the people of the world realize what blockchain is and what blockchain can change. Some scholars and experts really participate in the blockchain instry, drive the whole economic system to study blockchain technology, and directly establish the blockchain instry as the general trend in the next 5-10 years. It seems that ordinary investors can only invest in digital currency, which makes it easier for them to overtake on the curve of wealth. Therefore, if we love the coin circle, we should cultivate it deeply, because the existence of the coin circle has become a trend, and it is a sunrise instry at least. On the contrary, if you are curious about blockchain technology, you should also practice it well. In the future, central enterprises, state-owned enterprises and listed companies will need talents who understand blockchain. It's better to understand the code together. In any case, it will be easier to make money in the tide of trend. Choice is more important than struggle

market analysis

bitcoin:

6600 did not break down effectively yesterday. Your breakthrough selling point in yesterday's hour chart is a good application. Look at the chart:

< img Src=“ //www.yuanxue365.com/en/img_a2cc7cd98d1001e9c8925f8cb40e7bec55e79783 "/ >

from the day before yesterday, Bitcoin continues to gain support in the important position of 6600. As you can see, the trading volume that touched 6600 before was relatively large. Yesterday's small trading volume falling below 6600 platform support is not an effective breakthrough, and it does not constitute the large volume falling below. Therefore, it is a false breakthrough, so it was pulled back soon after falling below 6600. From the trading volume of the big Yang line, Similarly, it is not big, which indicates that bulls only hold the key point for a short time and have no ability to reverse the trend

bitcoin has come out of a small bottom. Yesterday, it was said that if 6600 stands, bitcoin will have a concussive rebound at this position. However, it is expected that the rebound will be limited, just extending the time of decline. Therefore, the market has stabilized 6600 for three consecutive days and established a small bottom of 6600

judging from today's rebound trading volume, it is still insufficient, so the short-term rebound range will not be too large. The strong pressure level above is around 7700, and the energy of bulls in this round is limited, so 7700 is regarded as the rebound limit for the time being, and the big downward trend still remains unchanged, There are local opportunities in the short term. The position should still be below 30%

eth:

like the daily line, bitcoin has almost established a small bottom, which will be accompanied by a certain rebound, but the overall situation will not be very strong, so it is still a linked market. The specific analysis method has been given to you yesterday, using the K-line of various currencies and bitcoin to make a comparison, and then select those currencies that are willing to operate, and find out the currencies that are likely to rise, Only the large market value currency is valid for the K line of usdt

ADA, xvg:

yesterday, I compared the two charts with the trend of bitcoin, and gave the conclusion that the main force of xvg is willing to control the price of bitcoin in the short term, so the independent market of xvg rose continuously yesterday and today. This is a good case of converting the chart into language through the technical analysis of disk. If you can draw such a conclusion through the comparison, I believe the probability of making money will increase greatly. The same is true of ADA. If we compare it with March 18, bitcoin has fallen far below the low point of 3.18, while ADA is still hovering and stabilizing at 3.18, which is also a signal for the main force to enter. However, by comparing with xvg, we can draw the conclusion that ADA is long-term and xvg is short-term hot money behavior. If someone ambushes xvg after reading the article yesterday, they can hold the money along the 5-day line for the time being. The coordination of quantity and price is not bad, and the washing up is quite sufficient. They have the will to continue to rush up

LTC:

take out the diagram and compare it with BTC to understand why linkage has been mentioned all the time. Let's not talk about it. It's still two words: linkage

in the past two days, the price of currency has not been speculated, and some teams have begun to do the same trick again, forking out candy. No, OMG and BTG are clamoring to fork out and give forked currency. However, it is difficult for these news to stimulate the price of currency again. After all, what they split out is not a star project, so it is difficult for people to have the desire to buy currency for candy. So this kind of message can be evaluated as neutral

recently, some currencies cooperating with large companies have gone well. If you want to speculate, you can think along this main line. If you want to find relevant information and do some latent work, you may have good short-term opportunities

there are not many other things to talk about. The money making effect is still not strong. Mining and hoarding money are the main factors. Generally speaking, the trend of money price is weak. The bear market makes money, and the bull market makes money. Digging money is more suitable for the current market than frying money. Now we know that the decline of money price leads to the decline of mining machinery. Once the money price recovers, the mining machinery will rise in a positive proportion, so we can rest assured to invest in digging money. After all, if the currency price exceeds 7700, don't keep catching up. It's easy to lose more than gain

4.

From 2015 to 2017, the price of bitcoin increased from more than $100 to $17000, a 100 fold increase. Today, the market value of various numerical currencies is more than 700 billion US dollars. The myth of their benefits is not nonsense

but there are many things behind the chaotic digital currency. You may ask why air currency can be listed on the stock exchange? It's very simple. The exchange also has to charge a part of the fee. Raise the price and then sell it to make money. So the question is, how to identify air currency

first of all, you need to look at the projects behind the digital currency and see what their team background is. Generally speaking, teams without experience in the instry tend to earn money, but how much experience do they have? It is better to be able to participate in the construction of Ethereum and bitstock communities. Such a team is often more reliable. This requires investors to have a certain screening ability to identify good or bad

secondly, there is no way to implement many projects. How can we identify them? In addition to the ability of the team, we also need to see the feasibility, which requires us to systematically learn the knowledge of bitcoin and blockchain. For example, Zhu Jiawei, the COO of fire coin network, learned the blockchain from 0 to 1, and clearly described the development process of bitcoin and blockchain in the form of audio and text. Besides, don Tapscott and Alex Tapscott's "blockchain revolution" are worthy of careful taste

moreover, the bubble of digital money is very large nowadays. In the bubble, it is not difficult to make money, but the key is not to be greedy. Long term holding is not good, but it can be operated in a short term. You can make money if you want. However, the key is that people are all profit-making and greed is their nature. Therefore, many people do not accept what they see. They originally made money, but later they lost everything. The gain is not worth the loss. Therefore, it is necessary to control greed

5.

Blockchain is the latest computer technology, the core is decentralized, distributed accounting. Digital currency is based on the underlying technology of blockchain. It can be said that without blockchain, there will be no digital currency. But without digital currency, there may still be blockchain. It's just that blockchain will be so hot, and it can't be separated from digital currency

in the future, digital currency will continue to develop. We can take advantage of the early stage to enter the digital currency and hoard some valuable digital currencies, such as Xunlei's playcoin

but at the same time, there is an unavoidable problem of digital currency, which is the lack of real economy support. At present, only a small part of the more than 1000 kinds of digital currencies circulating in the market rely on the economic support of miners. In other words, digital currency may be worth ten thousand yuan in the first second, but it may not be worth a minute in the second

therefore, before you make digital currency, you must investigate, analyze and choose carefully, so as not to cause losses to yourself

6. When choosing digital currency, we must pay attention to the following points.
first, identify brand digital currency.
for investors of digital currency, in the face of complicated cash, choosing digital currency is the top priority<

Second: whether there is commercial landing value
whether the blockchain projects corresponding to digital currency make full use of the technical advantages of blockchain, whether practical problems have been solved, whether there is room for commercial development, etc

Third: whether the main network is online or not
If a blockchain project does not even have the main network, it is obvious that it is to earn money, that is, the project side is waiting to harvest leeks from retail investors and then donate money to run away. Therefore, we must distinguish "air currency" clearly when choosing<

Fourth: whether there is a formal trading platform
at present, most mainstream virtual currencies can be traded on the trading platform, and those that can only be traded on their own trading platform must be MLM or empty coins, so we must be careful
therefore, it is suggested that when choosing digital currency for investment, we should go into the instry steadily, have a deep understanding, and then make investment. Here, we recommend you to invest in the well-known digital currencies such as bitcoin in order to seek understanding and development. And the digital currency transaction must also choose those trustworthy digital currency transaction platform for transaction, such as currency exchange transaction. www.8bihui.com/hsbyqm

7. We should first understand from the concept, know what is blockchain, know what the mainstream currencies have, read more hot information, see more about how other big V evaluate this instry, what their views are. First, don't blindly follow the trend, understand more about the market, and you can't eat hot tofu in a hurry. It's recommended that you go to hubox to have a look, which will help

8. A lot of online games can make money, as long as you have good technology, the prize money for participating in the final is tens of thousands

9. You need to install an e-wallet first, and you need to find a mobile hard disk backup to be more secure. But there is no absolute security in the world. We can only find a way to save more. Then choose a large exchange, buy the money and put it in your wallet. I'm currently operating in the okex bitcoin exchange. Its reputation is very good. You can have a try.