English
6044
 After living half a lifetime, I started to have a plan for life. This has been the case in recent years. I have no choice but to do this because I was forced by this shitty life. Ha ha The stock market from 2015 to 2016 and the property market from 2016 to 2017, if you did everything right, it would be okay. It would be considered as a chance to continue to survive as a dynasty without being swallowed up by the fierce inflation. Then you will ask. What are the plans for 2017-2018? I think I'll tell you it's Ripple. Yes, Ripple is a type of virtual currency. The game rules are the same as Bitcoin, but it is not Bitcoin. However, just when Bitcoin was continuously breaking through the US$10,000 and US$15,000 mark, it quietly surpassed Ethereum with an even more rapid increase and reached the position of the world's second largest digital currency market value. Most people in China may have only heard of virtual currencies in the past year or two, either because the skyrocketing Bitcoin began to be frequently exposed in the news, or because of a term called "blockchain" that became popular last year, or because recently a number of Internet company tycoons such as Xunlei, Renren, and Meitu have been associated with this term. This is because financial institutions from various countries, and even central banks of various countries, have begun to suppress Bitcoin. In short, virtual currencies are indeed popular. So why Ripple and not Bitcoin? 01 The first reason is that Ripple is cheap and everyone can participate. The reason is simple, low prices are eternal investment value. (Of course you may have different ideas, feel free to leave a message to criticize me. At least it can bring some vitality to my account, haha) Nowadays, a Bitcoin easily costs more than 10,000 US dollars. Like Moutai, which costs 737 yuan per share, the game ticket has reached 70,000 to 80,000 yuan. It is no longer a game for diaosi. Without circulation vitality and buying and selling transactions, there will naturally be less room for investment profits. On the other hand, Ripple has been silent for three or four years at a price of one or two cents. Suddenly, in just over a year, it went from 0.02 yuan to today's highest of 29 yuan. It is not difficult to figure out how many times it has doubled during this period. In the past year, it has surged nearly 500 times. The total market value of Ripple is about to exceed that of Bitcoin, and Ripple is still so cheap after the surge. The lower currency value threshold gives more people room to participate. Quoting a report from Sina today. According to the Wall Street Journal on the 4th, Beijing time, the virtual currency Ripple soared to a record high on Wednesday, consolidating the rise of the world's second-largest digital asset and approaching Bitcoin's dominance in this emerging industry. According to the research website CoinMarketcap.com, Ripple has surged about 150% in the past week, hitting a record high of $3.50 during the session. At this price, the total value of San Francisco-based Ripple Labs reaches about $135 billion. But taking into account the entire supply of XRP (including about 55 million XRP coins temporarily held in safe custody by the company’s executives), its total value is about $350 billion. According to the site, this is technically more than the total value of Bitcoin ； At a price of around $15,200, Bitcoin’s total value is approximately $254 billion. Ethereum ranks third with a total value of $92 billion； The total value of Ripple just surpassed Ethereum last week, taking the second place in digital currency. Ripple’s move means that the so-called flippening that will determine which other digital currency can replace Bitcoin may already be taking place. 02 The second reason is the high profile of Bitcoin and the low profile of Ripple. Before talking about this reason, let me first talk about my superficial understanding of virtual currency. Four years ago, I came into contact with virtual currencies under the guidance of a senior from the Changjiang Daily who was also a technology geek. After being briefly introduced to what virtual currency is, my first reaction was that it is a dangerous thing. Why it is said to be dangerous is because all the currencies we see are endorsed by national sovereignty, and currencies between countries have exchange rates. To put it simply, there is order in the existing monetary world. It is precisely because everyone abides by and maintains this order that we have the current life, the current economy, and the current sovereign country. Friends who have watched "All Quiet in Peking" can understand how important the exchange rate is to a sovereign country. The most powerful weapon that can destroy a country is not the atomic bomb, but finance and exchange rate. 30% of the military and 70% of the economy. If the exchange rate is chaotic, the disaster will cause the wall to collapse naturally. Order and rules have a center, a rule. Virtual currency exists in the online world, and one of its biggest features is decentralization. In the virtual currency world, there is no Bretton Woods system, it is a completely new order. For example, the virtual currency you purchased in country A can be redeemed in country B in a few seconds without the firewall of national monetary sovereignty. Just think about how big a challenge this is to the financial order of any country. In the one year since Trump took office, he has continued to raise interest rates and pass tax reform, in order to cause global currency to flow back to the United States. And these can be easily accomplished in the virtual currency world. 03 Although virtual currency is dangerous, it is a double-edged sword. For rich countries and large economies, virtual currency naturally does more harm than good, and what is uncontrollable is naturally a scourge. But for small and poor countries, virtual currency is naturally a good tool for collecting wealth, such as North Korea and Kenya. Therefore, central banks in various countries are strangulating Bitcoin. You can find them everywhere in the UK, South Korea, and Australia if you just search on Baidu. I won’t list them one by one here. But you will find that even if all the countries come together to encircle and suppress it, the virtual currency still maintains its value and continues to skyrocket. Why. My rough understanding is that water has no permanent shape and soldiers have no permanent potential. As long as there is an opening for water in this world, the water will still flow and will not dry up. It just changes its form. The water is still water. It is nothing more than forcing the water from here to there. And this is why I think virtual currencies, although dangerous and high-risk, still have investment value. China seems to have no effective method for virtual currency at present. Today, media reports claim that the Chinese government has implemented power restrictions on Bitcoin mines in order to control the Chinese people’s acquisition of more Bitcoins by restricting mining. If the stock cannot be dealt with, we should leave it alone, or at least no more incremental money will appear. 04 So, why among virtual currencies, Ripple is more optimistic than Bitcoin. Back to the second reason, that is, Bitcoin is too high-profile, while Ripple is very low-key. It is precisely because of the high profile of Bitcoin that it has attracted groups of people to hunt and suppress it. The result of the blockade is that people who hold Bitcoin and want to cash out find that many operating platforms have no way to withdraw cash in the past and must find other ways. One of the ways to cash out a certain virtual currency is to exchange the blocked A virtual currency for the B virtual currency that is still freely traded, and cash it into real money in reality through the B currency platform transaction. Obviously, Ripple, which has huge liquidity, is a good choice for Bitcoin holders to cash out. Driven by this demand, it is natural for the value of Ripple to be pushed up by buying and selling. 05 At the end of the logic, I don’t want to make any judgments, because they are just inferences. But seeing Ripple skyrocket, I feel deeply anxious. Like the skyrocketing stock market in 2015 and the skyrocketing housing prices in 2016, I feel deeply anxious. Hot money is looking for exports, and while commodity currencies are skyrocketing, they must be accompanied by a corresponding depreciation of purchasing power. I feel like there is a whirlpool at the moment, and the black hole in the middle has huge adsorption force. People around the whirlpool are desperately swimming outward, trying not to be swallowed by the whirlpool. Perhaps the consequence of swallowing it up is to go back to more than ten years ago. But we no longer have the physical strength and mental capacity we had more than ten years ago. Therefore, as the day has passed, like a fish in the water, you should work hard and row outward to stay away from that whirlpool. I don’t know if you feel the same way as me, but it’s hard for old people to understand. |
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