jakiro
Text: Shi Sitong
Recently, the issuance of “Trump Coin” has set off a carnival in the cryptocurrency industry, and the violent fluctuations in virtual currencies and the “rich-making myth” are also attracting many investors.
It is understood that Trump coins started trading at the opening price of $0.1824, and the price soared to around $80, with a market value exceeding TRON and Avalanche and other old tokens, and then continued to fluctuate and fall.In just three days, Trump’s currency has fulfilled many people’s “dream of getting rich”, and has also made countless speculators shout “explosive positions”.
In fact, the virtual currency market fluctuates extremely violently, and extremely high risks have become a consensus in the industry.In the view of industry insiders, virtual currencies are difficult to analyze using traditional fundamentals, valuations and other methods, and are more like alternative speculative products.If investors are interested in the crypto market, they must learn systematically and enter the market with caution.
1“Trump fever” continues to spread, and the crypto market has attracted attention.
It is understood that this wave of “Trump fever” has also spread to hot searches on major new media platforms, attracting many “novice people in the currency circle”.
“When I bought it, I bought it for $30, and it was $78.” A currency investor in the currency circle, Mr. Wu, told Cailianshe reporter that due to the initial wait and see, he missed the opening low of Trump’s currency, but fortunately, he ended up in the end.Take a decisive move at the high of $78 and “get out” safely.
In Mr. Wu’s view, this “Trump fever” is “a moment of wealth.”It is understood that Mr. Wu began to come into contact with blockchain 10 years ago and has been in the currency circle for many years. When the new currency is issued, he usually buys it according to the situation.”The issuance of new coins generally increases. As for how much money you make, it depends on your ability to control it.” He said.
Some people are happy and some are sad.After the highlights, Trump’s currency began to fluctuate and fall continuously. As the big rise and fall, another investor, Mr. Gao, also had ups and downs.”It’s best not to buy it. (counterfeiting) may make you rich, or you may lose all your money.” Mr. Gao sighed to Cailianshe reporters.
According to reports, after the issuance of Trump coins, Mr. Gao bought 60 “try-test waters” at an average price of around $32, but he did not expect the increase to be so high.Therefore, after accidentally missing the previous high of $82, Mr. Gao chose to continue to “hold the currency” and wait and see.
At that time, Mr. Gao also had high expectations for the short-term Trump currency trend.Before Trump officially took office, Mr. Gao once again bought 80 Trump coins for $53.However, things didn’t go as expected. Mr. Gao failed to wait until the Trump dollar “revitalizes its strength” and finally chose to clear the position at $32, leaving the market unfortunately in this wave of craze.
2Virtual currency has become a consensus
“As Trump did not publish any relevant documents in the crypto industry on the day of taking office, Trump’s currency fell a large part of the decline.” Regarding the current trend of Trump’s currency, Chen Shuai, investment research manager of Shuiteng Blockchain Web3, Xiang CailianA reporter from the club said.
Looking ahead to the subsequent market, he believes that Trump’s term has just begun, and there may be more possibilities in the next four years.”In the past four years, with the relaxation of cryptocurrency policies, more people may join, and even celebrities from other countries will follow the trend and issue coins.”
For investors who are waiting and watching, Chen Shuai suggested that virtual currencies are different from traditional stock markets. “The risk in the currency circle is very high, and guaranteed capital is the primary priority.”
At the same time, the above-mentioned investor Mr. Wu also reminded that investors who do not understand blockchain and virtual currencies should enter the currency circle with caution. The pace of the currency circle is “fast in and out”, and the risks are also very high.
In Chen Shuai’s view, virtual currency transactions themselves have certain judicial risks. Whether they are losing or making money, they are likely to receive funds involved in the case during the withdrawal process, resulting in the bank card being frozen and asset losses.For “novice in the currency circle”, it is likely that there will be financial losses due to lack of knowledge to identify the authenticity of the project and insufficient trading skills.
In addition, some industry analysts bluntly stated that virtual currencies are difficult to analyze using traditional fundamentals, valuations and other methods, and are more like alternative speculative products and are not suitable for ordinary investors.
“The virtual currency market fluctuates extremely violently, far exceeding ordinary stocks, and its potential risks are self-evident.” He said.At the same time, due to the high concealment of virtual currency transactions and the difficulty of identification and identification, related transactions are also easily used as illegal and criminal acts such as money laundering, illegal fundraising, and tax avoidance.
