Can Ckb be bought?
There have been a lot of bullish voices about Ckb in the past two days. I found that most people will not buy it unless it goes up. Ckb is currently firmly bullish by a group of KOLs, and social media is full of news about this coin.
Let me briefly introduce this coin.
Nervos Network, also known as CKB, initially launched a PoW+UTXO public chain in 2019. It is now transforming and positioning itself as BTC Layer2, which is isomorphic to Bitcoin.
The POW consensus mechanism is exactly the same as Btc. The advantage of POW is that it guarantees security and decentralization to the greatest extent, which is a big hype point.
The logic behind this round of Ckb's rise
1. I think it is his technical advantage, which is completely POW, L2 of Bitcoin, and is isomorphic to Bitcoin. Moreover, the Ckb mainnet is fully compatible with BTC addresses (bc1p, bc1q), which is very user-friendly.
Of course, the most important thing is to grasp the hype trend of Bitcoin ecology
2.
The CKB ecosystem already includes wallets, cross-chain bridges, DID, DEFI and other projects. There were no well-known projects before, but the first asset $Seal launched on the RGB++ protocol caused a frenzy of wallet registrations. At the same time, the assets on CKB began to be seen by many people and became very popular. Many users began to learn about the assets on RGB++ and CKB, and there were even tutorials for multi-account registration. The wealth-creating effect made everyone start to pay attention to this BTC. Layer2 solution, and CKB's open source protocol also attracted many developers to join.
After the mainnet was launched, the first RGB++ asset $Seal issued by @crypcipher has a gas cost of only about 5U per piece, and the current market price is 2000U+. RGB++ can be used as an asset issuance protocol, allowing Bitcoin layer 1 to have the ability to issue new RGB assets, and the asset transaction is also Turing complete.
Therefore, the get-rich-quick effect caused by the $seal of the RGB++ protocol is the key factor in this round of increase.
This kind of sudden wealth effect, without exception, has a meme attribute.
This meme attribute brings the public the fantasy of getting rich overnight. The influence of current emotions will make people flock to it.
Ckb may still carry the capital investment in the imagination space of Bitcoin ecology, maybe there is still 50%? 100% space, I can’t predict the price for you, what I said is that there is logic of rising.
But you must have your own principles when buying a coin. If almost all the indicators and information of an investment target are excellent, but there is a key point that violates your principles, then we will resolutely not buy it. I hope you can also establish this principle mechanism.
There is almost nothing wrong with the Ckb coin from the outside. It has good technology, is in line with the Bitcoin ecological trend, and has many excellent investors.
The most unacceptable thing is that this coin is a completely domestic project, and the entire team is made up of Chinese people.
When I have time, I will tell you why you cannot buy Chinese projects.
But this does violate my investment principles. Even if the CKB coin rises to the sky, I should not be envious. Establishing your own principles and boundaries is more important than anything else.
