What do you think about the recent breakthrough of the price of Ethereum and its rapid increase in market value?
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Now that Ethereum has begun to fall, I think the bull market of cryptocurrency is far from coming. So my opinion on the Ethereum price breaking new high is just a false positive phenomenon. In order to allow more retail investors to participate, this is more like a game for institutional investors. They use their strong financial resources to raise the price of cryptocurrency, give retail investors a illusion that the overall market is improving to drive up the price, and finally sell out the hoarded cryptocurrency to complete the growth of funds. I really hope that the cryptocurrency market can have a low-risk investment plan.
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There is definitely a low-risk investment plan. Some people here have talked about ZB.com. In fact, ZB.com is one of the few exchanges that supports two stable currency trading pairs anchored to different fiat currencies. One is the QC that anchors offshore RMB, and the other is the well-known USDT. Now that the competition between China and the United States is so fierce, it has indirectly led to changes in the exchange rate between the two currencies. In my opinion, this trading pair must be profitable. In addition, the so-called bull market must have experienced substantial increases and declines. If it has been rising sharply, you have to be careful if this phenomenon is a trick of institutional investors.
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