However, the most popular in the currency circle recently is dogecoin.
Yes, it is a cryptocurrency made by a cute and stupid dog head.
In fact, the appearance of this dog is just a joke.
I didn't expect it to get out of hand.
Two geek programmers, Jackson Palmer and Billy Markus, can't stand the crazy speculation and leek cutting behind the soaring bitcoin.
So, the two changed the code of Bitcoin slightly and used the image of a Shiba Inu, which was particularly popular at that time, as a symbol.
But in just three hours, dogecoin was born.
Jackson Palmer's original intention is to tell you that this digital currency encryption is not a rare thing!
Later, they simply gave up.
Billy Marcus, one of the founders, may hold more than 60 million gold coins.
But he just traded his dogecoin for a second-hand Honda Civic with no more than 200,000.
Unexpectedly, the price of dogecoin soared.
According to the current market value, if he hadn't sold them, the value of these dogecoin in his hands would have exceeded $36 million.
Equivalent to more than 230 million RMB!
Then the question is, why can dogecoin's value skyrocket?
Just because it's cute enough?
Of course not.
The answer is "tip".
Dogecoin was born in America where tipping culture prevailed.
As long as you share or perform a good joke online, people will usually be willing to tip you through electronic money.
But bitcoin is too expensive, so the cheaper dogecoin is very popular.
How cheap was dogecoin at that time?
A dogecoin is only 0.00 142 USD.
Converted into RMB, less than a penny.
Only one week after its launch, dogecoin has become the second largest tipping currency.
So the original dogecoin is not like bitcoin. People participate in it not for speculation, but as a way to express sharing and gratitude.
However, when something is very sought after, it will start to appear hype.
In particular, the marketing expert and the world's richest man, Musk, personally brought goods to Doecoin, and Doecoin suddenly caught fire.
Even the rise and fall of dogecoin depends on Musk's mouth.
On the evening of May 8th, US time, Musk hosted his first variety show "saturday night live".
In the sketch session of the program, Musk first praised dogecoin. "This is the future of money, an unstoppable financial tool that will take over the world."
But then the topic changed. He said, "dogecoin is a scam."
Whether this reverse operation is the truth of Musk or for the effect of the program is unknown for the time being.
However, with Musk's provocative operation, dogecoin's market fluctuated greatly, and once plummeted by 40%.
In fact, the price of dogecoin has suddenly soared many times before. The reason is that Musk sent a tweet.
At that time, Doecoin's official account launched a vote on Twitter to elect Doecoin's CEO, and Musk was elected with a high vote.
Later, Musk tweeted that Doecoin was his favorite digital currency and changed his Twitter account information to "Doecoin's former CEO".
The richest man in the world personally went out to bring goods, and the price of dogecoin soared.
But recently, Musk said in a video that people should not invest their life savings in cryptocurrency, which is very unwise.
So Musk's heart is like a needle in the sea, and it won't be so easy for you to guess.
It is really impossible for ordinary people to copy the homework of the richest man.
Maybe you still don't understand. Is Musk really that powerful in one sentence?
In fact, in addition to the influence of Musk, the skyrocketing price of dogecoin is also related to the economic trend.
The epidemic caused central banks around the world to release water, especially the United States, to print money desperately.
That's too expensive. What shall we do? Where shall we vote?
You know, the essence of capital is to pursue interests.
Water flows downwards and money goes upwards.
Besides the stock market, cryptocurrency has become the best reservoir.
After all, the core of cryptocurrency is "decentralization". There is no exchange rate control, no authoritative regulatory agency and no unified price benchmark in any country, so there is no limit to the natural rise and fall.
Therefore, as long as the central bank continues to release water, other cryptocurrencies, including dogecoin, will probably continue to rise.
Since we know it will go up, should we chase it in?
In fact, ordinary people really shouldn't touch cryptocurrency at will.
You know, there is no upper limit on the price, which means there is no upper limit on the risk.
Like dogecoin, it can trade 24 hours a day, regardless of geographical restrictions.
But who can guarantee that something that is not regulated will be reliable?
Just by conscience?
Because it is not regulated, cryptocurrency has become the best means for farmers to harvest leeks.
I will be tortured by the soul three times:
The fluctuation of dogecoin is very unstable. Everyone only pays attention to how much Doecoin has risen, but ignores the fact that Doecoin's positions are very concentrated.
What do you mean by centralized position?
In other words, fifty percent of the capital is controlled by a few players.
These large capitals can use leverage to short retail investors at any time.
Take advantage of the news that dogecoin is soaring to attract a large number of users, especially the little white couple who know nothing about it, and then your money will be gone in an instant with a flick of the sickle.
Moreover, cryptocurrency trading is different from the traditional capital market, and its trading process is essentially in an undisclosed and opaque state.
Because the transaction is too hot, the platform is down and it is impossible to withdraw cash.
Therefore, if you only see examples of others earning 600,000 yuan with 3,000 yuan, it is only a "survivor bias".
The so-called ten bets and nine losses are either gambling or winning.
Warren Buffett also said, don't do things that you are not good at. We should optimize resources within our own capabilities, instead of dying in areas that we are not good at.
Write it at the end
Maybe everyone thinks that Buffett is a 90-year-old man after all. It's normal for him not to understand the currency circle, and he has enough assets. Of course, he doesn't want to take risks.
We young people, however, are full of illusions and hope to make a fortune by turning bicycles into motorcycles by chance.
Ok, I'll tell you another example of an ordinary person.
Someone answered, "What do you think of people who get 3500 yuan?" On Zhihu.
Does the low cost of 3500 meet the prerequisite for everyone to get rich overnight?
And the result?
The following is the original reply. You can take a closer look.
Yes, you may have stepped on the right time and bought the right cryptocurrency, and it seems that you will make a fortune soon.
But if the platform runs away, or the platform goes bankrupt, the money can't be taken out, and it's still empty.
In the end, all this is a bubble. ...
To quote the Governor of the Bank of England: If you buy cryptocurrency, you must be prepared to lose all your money.
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