Ethereum is booming

1.

I think the first reason why Ethereum has been setting new records is that it has a lot of capital

the second reason is that many ordinary people have paid attention to virtual currency . These ordinary people have strong purchasing power, and they may have been speculators in stocks or funds before. When they find that the virtual currency is rising well, they will bring a lot of money into the market. The admission of these ordinary people will increase more capital admission, because in the view of capital, these ordinary people are a crop of leeks

the third reason is e to the soaring price of bitcoin, bitcoin is now rising very rapidly, from $20000 a bitcoin in 2020 to $60000 a bitcoin now. It's terrible. For a lot of capital, they can't speculate on bitcoin. Because bitcoin's plate is too big, they have to go back and speculate on Ethereum

first, a large amount of capital has entered the market

at present, the global economy is not very good, there are not many things that can be invested, and the global currencies are devaluing and inflating for a lot of capital, their money will depreciate one day if they hold it in their hands. They need to invest their money. At this time, they find that the virtual currency can keep the value and will not inflate. At this time, there will be a lot of capital, with a lot of money to buy Ethereum. When a lot of people go to buy Ethereum, it is normal for Ethereum prices to rise

2. Predicting the stock market is actually guessing. The winning rate is 50%. It is basically impossible to make money by predicting the rise and fall of the stock market, because no one is rich by predicting the long-term profits of the stock market. Short term operation, is to follow the trend, long-term investment is to rely on asset valuation, price comparison. Hope to adopt.

3.

development trend: the divergence of development teams leads to the bifurcation of technical routes

the most criticized problem of bitcoin is the small block capacity, which is only 1MB. As a result, bitcoin is becoming more and more unsuitable for trading. Many transactions will not be confirmed immediately after they occur, and many blocks need to wait, so the transaction fees of bitcoin are higher and higher, Obviously, it will be further and further away from the idea of a trading currency

for the problem of bitcoin block capacity, as the founder of bitcoin, Nakamoto Tsung has given a solution. The size of the earliest bitcoin block is designed to be 32MB, and the roadmap of bitcoin expansion is given. The reason why the bitcoin block was limited to 1MB in the early days was to prevent the network congestion caused by a large number of small transfers in the early network

however, bitcoin did not upgrade as it should, but still maintained a block size of 1MB. The reason is the divergence of the bitcoin development team. Nakamoto was the developer of bitcoin, but later retired and left the development task of bitcoin to the bitcoin development team. However, the development team was very different about removing the 1MB block limit, so the development team split up. The original development team (core) wanted to continue to limit the size of 1MB, and the people who left formed other development teams (several), It is also called large block team or support expansion team. In the end, the two groups failed to reach a consensus on the upgrading of bitcoin network. A new bitcoin, bitcoin cash, was created, which is different from the original bitcoin. He inherited all the blocks (transaction records) of bitcoin before the split, but after the split, he used a new block of 8MB, which is different from the previous bitcoin (BTC, developed and maintained by the core team)

there should be three types of hard bifurcations for bitcoin, including the cash bifurcations for bitcoin (uahf). The original bitcoin network is prepared to implement segwit2x, which is the bifurcation scheme of the New York consensus. However, e to opposition, segwit2x was not implemented in the end, maintaining the original bitcoin path. But bitcoin still needs to be upgraded. The emergence of bitcoin cash is not accidental. In fact, there are other bifurcated bitcoin coins, such as bitcoin limited and bitcoin old. It's only because of the problem of popularity that it doesn't enter the public view. Now bitcoin cash is the most competitive bifurcated coin

- the above data and analysis are all from the in depth analysis report on business model innovation and investment opportunities of China's blockchain instry of foresight Instry Research Institute