Hello everyone, I am WeCoin Daniel Wu. As the recent market continues to do well, many people have begun to consider which coin to buy, especially those who are still rich but feel that the current price of Bitcoin is too high, so look for some altcoins that are still at a low point. Come to configure. When the bull market comes, these altcoins will be able to outperform Bitcoin. After all, in the mountain bull market, there are many bloody 100 times coins and thousands of times coins. Wealth is free in one step, but speculation still has to be mainstream. The currency must have a planned operation so that it is safe, stable and with higher returns. Today I will talk to you about the differences and standards of mainstream coins, altcoins, forked coins, air coins, and MLM coins, and give an example before I start. Your my channel is to share knowledge, news and investment opportunities about blockchain and cryptocurrency. If you are also interested in these content, then you must subscribe to follow me~ If you think I say it is good, then give me a thumbs up Right~ We all know that there are real and fake cryptocurrencies in the blockchain.
We also talked about how to identify real blockchain projects in these videos. If we do a less strict classification of all cryptocurrencies, it is generally OK. Divided into four types of mainstream coins, altcoins, air coins and MLM coins, I believe you have often heard what B is a mainstream currency and a currency is an air currency, but I don’t understand the meaning of it. Today we are doing a popular science mainstream. Coins are similar to blue-chip stocks in the stock market. The short-term rise and fall of the short-term rise and fall are small. It is difficult to see the mainstream currency in the currency circle. It is almost impossible for the mainstream currency in the currency circle to double in a day, but the risk is lower than that of altcoins. The potential increase of the currency is higher.
Generally, the cryptocurrencies that are recognized by the mainstream and have time to apply value are those with high market value and large communities that have enough support. The scene has experienced the witness of the localized chain community. The currency has been running stably for many years with its own main network. And most of them have capital blessings. Here you need to note that mainstream coins must have a mainnet, but those with a mainnet are not necessarily mainstream coins except stable coins. Simply put, most people know this coin and agree with its value.
It is a currency that ranks in the top ten by market value and has a long existence. Its advantages are that there are many players, multiple exchanges, deep trading depth, high attention and easy to become a hot spot for hype. Most mainstream currencies have undergone historical inspection or technical research. Comparative advantages . These currencies have a higher probability of success in the currency market. Some mainstream currencies in the cryptocurrency market are similar to the white horse stocks and leading stocks in the stock market. The disadvantage is that because everyone is unanimously optimistic, the car is too heavy and the main force is not good. Therefore, when the big market comes, the increase may be relatively small, such as Bitcoin, Ethereum, Litecoin, Ripple, etc.
However, it should be noted that Bitcoin is still very different from other mainstream currencies. Bitcoin is the king of ten thousand coins. The foundation of the blockchain is that the difference between Bitcoin and other currencies is like the difference between the Internet and a local area network. No one can reinvent the Internet once. It is almost impossible to be replaced. It is the eternal king. In 2013, there were only Bitcoin and altcoins. For example, the current mainstream currency Litecoin was the king of altcoins in 13 years. Later As more and more people begin to pay attention to and use Bitcoin blockchain technology, some engineers have pulled out of BTC and tried to expand the application of this technology to other fields besides payment and transfer.
Therefore, some Emerging application scenarios and fields. In these new fields and scenarios, some digital currencies have unique advantages and functions that Bitcoin does not have. Therefore, their status has gradually been recognized and established their mainstream identities . Ethereum, Ripple and other currencies Technological breakthroughs and price increases have gradually taken off the title of altcoins. The most typical is Ethereum. Because of the ICO, the world has seen the power of smart contracts far beyond BTC in terms of function and efficiency. Therefore, it is established as the second only in the field of digital currency. The main criterion for the mainstream currency at the bottom of BTC is the market value and time.
Generally speaking, it is the currency that has dominated the list for a long time. Specifically, it refers to Ethereum, Litecoin, Ripple, BCH, etc. Of course, there is no absolute standard for this. You can also take the market value. The top ten currencies can be classified as mainstream currencies, and the leading currencies of each concept can be classified as mainstream currencies. It is 21-22 years ago that only mainstream currencies will have a big market. When I ask ordinary investors to invest in digital currencies, most of their funds should be allocated to mainstream currencies.
Altcoins can easily be classified as other than mainstream bitcoin. Altcoins are called altcoins. Altcoins are not counterfeit coins. They are also regarded as cryptocurrencies. They use a certain amount of blockchain technology. Foreign countries like to call them altcoins. In fact, it is more appropriate. Altcoins are not a derogatory term. They have made technological improvements based on Bitcoin. Even innovative currencies, as we said earlier, in addition to Bitcoin, other currencies such as Ethereum Litecoin LTC are called altcoins because BTC is the originator of all digital currencies and all other digital currencies are based on BTC. The above developments have modified their consensus mechanism encryption mechanism or scripting system based on BTC to derive different features and functions. Some altcoins have formed their own communities after long-term development and have also been recognized by players. It has a certain value of Doggobi, Dash, Stellar, Monero, etc. Therefore, when we say whether a currency is a mainstream currency or an altcoin, it is mainly to see whether the investment value and usage scenarios of the currency in the industry are recognized by everyone.
It is still in the early stage of development or for a period of time after the launch, but the development status is still relatively vague, so the feasibility in the industry is not high. At this stage, everyone is accustomed to classify all currencies other than mainstream currencies into altcoins. Of course, MLM coins are not listed. For example, currencies ranked 20 to 200 in market value may be altcoins in everyone's mouth. The advantage of altcoins is that once they increase The last bull market, many people have relied on altcoins to fly over, suddenly took off like a rocket, and the profit margins of altcoins are large .
The shortcomings of altcoins are all well understood . After passing these altcoins, you will understand how risky altcoins are Compared with mainstream currencies, the last nine losses are actually more concealed and the winning rate of mainstream altcoins is greater, and there is greater certainty, but less profit can be achieved by accumulation. The latter's winning rate is small, but the profit of one win can be equal to more. Won a few times, but as a newcomer, this is very unfavorable because all old leeks know that the gambling currency will not exceed 5% of their total assets. In the bull market, there will be plate rotation. First, Bitcoin staged a wave. The blood-sucking market, of course, after Bitcoin is pulled to a certain position, it starts to sort out sideways. As long as Bitcoin can gain a foothold and profit in Bitcoin, the funds will come out and enter the mainstream currencies. The mainstream currencies begin to show the funds after the mainstream currencies are pulled up. Eventually it will enter altcoins because of the depth of altcoins, small chips, and the small amount of funds that flow into it may be hundreds of thousands of times.
This is a bit similar to the logic of traditional capital market funds flowing into the currency market to react to the currency market. However, in a bear market, Bitcoin is due to its value. The degree of recognition is high, and the decline of funds will be very small, followed by mainstream coins and altcoins. The current currency has a large risk of failure due to lack of time to verify the project. Therefore, when the bear market comes, the altcoins plummets collectively. There are less than dozens of altcoins facing mainstream currencies, but there are thousands of altcoins that are constantly rotating. It is conceivable because the software of Bitcoin is open source, but the blockchain engineers passed Modifying the code creates a new blockchain and cryptocurrency on the basis of the original blockchain itself. A hard fork will occur. However , the purpose of most of the forked coins now is just to borrow the name of the blockchain to make money quickly instead of bringing any major progress in breaking the chain technology. Less than 1% of the forked coins have actual The value of improvement must be cautiously invested. For example, Bitcoin Cash, Ethereum imitates classics, etc.
Aircoin, as the name implies, is a currency that has no application scenarios or application scenarios that cannot be realized. Simply put, a currency that has no value except for hype is Aircoin Aircoin. The characteristic is that the white paper blows to the sky, but the code progress package cannot be queried on the code base The qualifications of the team members on the celebrity platform look very luxurious but the Asians in the team are all English names or the photo format is not uniform. The pain point of the market is not a pain point at all. I can’t come up with actual things to cheat everyone and leave. Just like a scumbag . Some air currency issuers don’t even set up a company to manage their coins. Most of them go. The Internet brags about the omnipotence of the blockchain to fool some novice investors. The characteristic of investment is that it does not emphasize technology, remarketing, and publicity is the first .
The skyrocketing price of currency is not due to a certain technical difficulty or the progress of the project, but through Some marketing methods are holding a conference today, and tomorrow, which country's executives will join in, etc. Now the top 200 air coins on the market are not a few, although it is not necessarily that the original intention of every air coin is to collect money. In order to cut leeks, part of it is due to insufficient strength and lack of technology and has to become air, but no matter how far away the control arm is, MLM coins are necessary. Just listen to the name and you will know that MLM fraud is carried out in the cloak of blockchain. In fact, MLM coins follow Blocks are not even related to a dime. Neither is a token issued based on blockchain technology nor can it be launched on a regular trading platform. The characteristics of MLM coins are very clear and similar to the actual MLM methods of network MLM, such as the need for entry fees or other names.
Collect money and promise high returns. As long as you invest in anything, you don’t have to do every day to get stable income. If you can attract more people, you can get more income. Some even promise that the currency price will only rise or not fall. Offline commissions or even unlimited generations. In addition, MLM coins generally use virtual mining machines to mine. Mining machines need to be purchased with the coin or cash and cannot be online. Formal exchanges cannot use digital wallet currencies. Most of the founders or team propaganda are I have some relations with senior government officials, whose brother-in-law, then the nephew of the founding father, and so on, and I especially like to hang some unpopular but high-level public positions for myself.
These projects will eventually evolve into the drama of the team running the road to report to the police and bring their rights to justice. I can’t catch people’s money. It’s even more unbearable than Aircoin. Most people think that Bitcoin is too expensive, especially the novice logic. There is a misunderstanding in the currency circle. There is a huge difference in the issuance of different currencies, so the price has no reference value. It depends on the size of the market value. So it should be said that a large plate of coins cannot rise by much. Small plates have more explosive power but greater risk. Other than Bitcoin In terms of short-term explosive power, it is indeed higher than the odds of BTC strong altcoins. There is no problem with the logic. But you always have to know that high risk and high return are for twins.
Only talk about income and not risk. Became the one with the highest profit Amateur investors in the currency circle occupy the majority. To tell the truth, most people are not suitable for investing at all. They play altcoins and pursue short-term skyrocketing delusions. The next ethereum ending can be imagined. If you are not careful, you will lose your fortune. For the vast majority of investors, especially novices, Bitcoin is the best choice because the consensus of Bitcoin is the largest . The market value of Bitcoin occupies more than half of the entire cryptocurrency. Investing in Bitcoin means investing in the entire area. In the long run, there are few currencies that can outperform Bitcoin in the long-term revenue of the blockchain.
Let's put it this way. If you hoard Bitcoin for a few years, you can definitely outperform 90% of the people. Finally, you can tell me. Are you handsome today? Also follow the public account WeCoin information, you can add my WeChat and chat with the group~ Investment is risky, enter the market need to be cautious, I wish you all get rich next year~ Bye~.