【Summary of yesterday 】
I mentioned 5 long-term positive events for Bitcoin, among which PayPal has implemented cryptography assets, and Coinbase has been listed. At present, Coinbase has secretly submitted a draft of the S-1 registration statement to the US SEC and applied for an initial public offering. The latest valuation is 8 billion dollars. Investors include the New York Stock Exchange, the Spanish Foreign Bank, and the former CEO of Citigroup. Coinbase is a legal exchange in the United States. Listing is a long-term indirect benefit for the entire community.
Binance, coinbase pro, and Kraken announced the launch of GRT at the same time. Huobi was a little cautious， hitting a watch zone and opening at 4 times. On October 21, we notified everyone in the WAS to participate in the 1, 2, and 3 rounds of public offerings. However, because KYC is required, the number of people involved is still limited, but if you prepare early, it is actually quite easy to pass KYC, so you must prepare early. A Coinlist account is necessary, and it is also necessary to prepare at least two sets of KYC. This is a necessary condition for participating in the primary market. There will be a few second-tier projects. I mentioned it early. You can also participate in that.
DeFi project Warp.finance suffered a lightning loan attack and lost 8 million dollars. You must be cautious about non-first-line DeFi projects. High returns are accompanied by high risks. If such an incident occurs, you cannot afford it and can only be used as fuel for hackers. If you are still mining on a small platform, please be cautious. First, think about whether you can afford it if it is stolen. If you can’t, then quickly put it on the first-line DeFi platform.
Maizi Wallet received 12 million investment in Series B. Binance Labs led the investment, with investors including NGC, C6E, Amber Group and other institutions. Stable currency PAX issuing company and encrypted asset service provider Paxos received $142 million in Series C financing. Investment institutions include Declaration, PayPal, RIT Capital, and investment banking legend Ken Moelis.
Compound will release the Compound chain in 2021 and issue the native token CASH. Hurry up and interact on Compound. There may be an airdrop.
【Blockchain market analysis】
In the past two days, because of the skyrocketing Bitcoin, friends outside the circle began to ask me how to buy the currency and whether it will increase. It can be seen that with the outbreak of the market, outsiders began to come in to help us lift the sedan chair, but it is a pity that many people do not have Bitcoin, which is a rather embarrassing thing. At present, only BTC and ETH are relatively strong, and the sub-mainstream is still very rubbish. Only LTC is relatively strong, so if you missed out Bitcoin, you might as well hold ETH or LTC. The future market will also perform amazingly.
After Bitcoin broke through the 20,000 mark, it immediately pulled to 3850 dollars. At the daily level, it has been above the 5-day moving average, and the trend is healthy. As I mentioned yesterday, after breaking through 20,000, if there is a pullback, then we should decisively accept the order and establish a long-term position. At the 4-hour level, it met resistance after rising to around 23850 at 16:00 yesterday afternoon and then started a decline of more than $1,000. After closing the negative line at 0 and 4 today, up to now, the market has pulled up again, so this kind of strong trend actually does not need to be analyzed. If you missed out a strong currency, be firm. The market will definitely pull back, and then you can step in after the pullback.
To sum up: If you missed out a strong currency, be firm, and then step in after the pullback.
Reminder: Pay attention to the stop-loss, and reduce the probability of margin call; risk prevention is priority, then focus on yield.
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