Recent thoughts about the bull market and DeFi

In recent months, the market has been rising. In fact, in the bear market stage of the previous two years, the fixed investment prices of Bitcoin and Ethereum that I have been writing in the article were 10,000 US dollars and 400 US dollars respectively. There has been an increase of about 5 to 10 times.

In this round of bull market, so far, the period of time that I have a deep memory and is very exciting is from July to December 2020 last year. At that time, DeFi was very hot, and new projects emerged one after another every day, and new ways of playing appeared every few days. When I saw these projects, I was like grandma Liu entering the Grand View Garden. I felt that everything was new and I wanted to try everything. What currency Will buy some. And many of the new projects that have just emerged and are very close to the people that I saw at the beginning have become leaders in various subdivisions today, and the prices are not the same as the original issue prices.

The contract market liquidation in the last 30 minutes was 103 million US dollars: According to the contract market statistics report, the contract market has a total liquidation of 103 million US dollars in the last 30 minutes, of which BTC liquidation is 94.58 million US dollars, and ETH liquidation is 8.36 million US dollars. [2020/12/17 15:29:11]

Looking back on this journey, this can be regarded as the most important stage in the development of DeFi. Later, especially since this year, I have hardly bought any new currencies on a large scale.

One is that almost none of the new projects that appear now have too much innovation. Many of them copy the code of existing mature projects and copy the application model to other ecosystems (such as BSC, HECO, Polkadot, Solana, etc.). Such projects It may be possible to win users with the market resources in the hands of the project team, but it is really hard for me to be attractive.

In the last 30 minutes, the contract market liquidated $8.65 million and BTC liquidated $7.87 million: According to the contract market statistics report, the contract market in the last 30 minutes has a total liquidation of $8.65 million, including $7.87 million in BTC and $7.87 million in ETH. $619,700. [2020/11/18 21:06:21]

The second is that as the bull market is rising step by step, the prices of most of the top projects that used to be high are now high. Even though sometimes people have the urge to buy because of the good projects, but seeing the inflated prices, they can’t make a move.

In the last 5 minutes, the contract market liquidated 5.39 million US dollars and ETH liquidated 3.32 million US dollars: According to the contract market statistics report: in the last 5 minutes, the contract market has a total liquidation of 5.39 million US dollars, including BTC liquidation of 1.96 million USD and ETH liquidation $3.32 million. [2020/10/1]

In my opinion, judging from the current stage, maybe the disruptive innovation of this round of bull market will be over here, and the rest of the process is estimated to be to extract as much value as possible from concepts that have not been speculated before and that have not been fully utilized. Of course, from the perspective of the development of the entire industry, the current DeFi field is only the beginning of the future of finance.

This is the case with Shiba Inucoin SHIB and Dogecoin, which have been hot recently. Shiba Inucoin SHIB is actually a project from August last year, while Dogecoin is an older currency. These two coins have no innovations in technology, but they are worth exploring in terms of concept and gameplay, especially in terms of consensus, which can be transformed, so fate will become a recent hot spot.

There are many articles on the Internet discussing how Musk will continue to treat Dogecoin, and there are also many articles analyzing the possible future trends of Dogecoin and Shiba Inucoin SHIB. More bold investors took advantage of the recent market drop to increase their positions. coins.

I suggest that if you want to participate in this game, just play with a small gambling mentality. After all, there are not many interesting games that can be played in the market now, but don’t take it too seriously, especially in the current market Take such a currency as a bargaining chip to achieve overnight wealth.

If their subsequent development is really due to the intervention of various factors, and the consensus is successfully transformed, it can be regarded as an accident in this round of bull market, otherwise it may only be the same as some popular currencies that were once short-lived in previous rounds of bull markets. become history.

In this sense, for me, this round of bull market has come to an end. The rest of the time is just driven by the laws of the market, currency prices fluctuate, and copycat projects continue to struggle with the residual heat of old projects. Attracting popularity, the entire ecology is no longer innovative, and the only thing that can stimulate everyone's excitement is the currency price.

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