What is 2020? (What year is it in 2020?)

What is 2020? Editor’s note: This article is from the Mandarin Blockchain section (ID: hellobtc), written by the Master of Wu Huoqiu, authorized by the Odaily Planet Daily for reprinting.

2019 was one of the favorite years for Cryptocurrencies; what was the theme of 2019? What are the characteristics of 2020? After experiencing last year, this year, and the “bull market” of this year, “Big Bear” and “312” have only been minor concepts so far. Shortly after the Bitcoin plummeted to $36,000 in early 2018, the entire industry started to go crazy. Since October of that year, the market has also witnessed a significant rebound, rising from around $60,000 to over $80,000. This has made many outsiders feel uneasy. At the end of 2019, some media reported: “The guy in the currency circle” “Dog Zhuang,” is this a terrifying idea? “Leek” (a term referring to inexperienced investors)? What are the reasons behind these ideas? Who are the “leeks”? How did they become like this? Why do people say so? What are the reasons? 1. “Mining.” Because now it’s all about speculation, so many times we shouldn’t focus on the price. But when you see those so-called “mining stock gods” or altcoins, you will find that some things have quietly been mined. “Mining” (mining coins) is actually making a profit through trading. If you reinvest the resources mined, your earnings may change over time, for example, one day you may have more coins in your hand. 2. “Cryptocurrency Exchange” refers to companies or platforms that can directly deposit their tokens into a wallet and use them to make money. Most of these projects can achieve success in just a few minutes. But for most investors, these operations may result in losses. “Cryptocurrency Exchanges” usually incur certain costs. Therefore, most exchanges charge high fees. If you are willing to sell these coins at a lower price, you can avoid this risk. 3. The contradiction between speculation and greed. What stage is 2020? People are so excited because more and more traditional institutions are joining and participating. However, in reality, not much has happened. For example, the U.S. Securities and Exchange Commission recently announced the establishment of a research group dedicated to digital assets called CoinDesk, aiming to help researchers understand digital currencies, blockchain technology, their potential applications, and their potential.

What year is it in 2020?

What time is it in 2020? At the end of 2020, many people will ask, what kind of state is 2020. We know that the keywords for 2019 were “Bitcoin” and “312”, representing the market performance of mainstream coins that experienced a surge and crash. Most projects in 2020 will either be reset or eliminated. In the second half of 2019, the entire industry experienced a lot of bubbles, and various scams began to emerge, but these scams still exist. The biggest hotspots in the second half of 2019 were “blockchain,” “virtual currency,” and “Metaverse” concepts, and now, this wave of hype has ended. The market for cryptographic digital assets in 2018, 2019, and 2021 is undergoing tremendous growth and change. “The craziest thing in 2018 was the collapse of exchange platforms.” This is the most discussed topic among insiders about exchanges. “On December 19, 2017, Coinbase announced that it had terminated its cooperation with Bitfinex and applied to the U.S. SEC for ICO-related licenses.” But this did not stop many people from believing: “If one day we do not carry out liquidation, we will face a large outflow of funds and fraudulent activities from centralized platforms.” So, 2020 will be a day worth celebrating!