Recently, Vinny Lingham, co-founder of Gemini, a world-class digital asset exchange in the United States, predicted that FIL will enter the top five market capitalization by the end of 2021. The list of predictions: 1. Bitcoin 2. Ethereum 3. FIL 4. USDC 5. WBTC.
For the top five, what should the FIL price be?
Can Filecoin's market value reach the top five? The price of FIL has been hovering at more than 20 dollars for a long time. Some people have lost their confidence. After hearing this news, many people regained their faith and began to calculate how much FIL's market value should reach by then? What should the FIL price be?
As can be seen from the above figure, the displayed market value is the circulating market value. Bitcoin is ranked first, FIL is now ranked 23rd, with a circulating market value of 10.2 billion yuan, and the fifth name is Ripple, with a circulating market value of 79.8 billion yuan. If FIL is to reach fifth place now, multiply the current price by 8, which is 150 US dollars each, which is equivalent to 1,200 yuan.
Actually it’s not like that, because,
1. The circulating market value is the dug out coins that have been circulating in the market. There will be more and more FIL circulating coins as they are released every day. It can be seen that the circulation of FIL on the Feihu browser will only increase. Therefore, to reach the fifth place with a total market value of 79.8 billion, the number of coins has increased, and the price does not need to be 1,200 yuan.
Second, dynamic thinking, dynamic thinking is needed in the currency circle. Look at Bitcoin's current market value of 3.93 trillion, and in March 2020, the market value was about 40 million, but now it has risen 10 times. In less than a year, this increase has been very large. So at the end of 2021, the market value of the fifth place is unclear.
So, what should the price of FIL be by the end of 2021? It depends on the liquidity and market value.
Can FIL's market value be in the top five?
Prediction is based on everyone's own point of view, their own understanding of the world, and understanding are all angled, and if there is an angle, there will be deviations. Of course, the knowledge of the industry leaders can of course be used as a reference. What is the end? Let's go with the flow, follow the FIL project and move forward step by step.
Some people predict that the price of FIL will be 1,000, 10,000, or even 20,000 US dollars. There should be time before this. Just like two years ago, when people were talking about Bitcoin, if people said that Bitcoin could rise to 20,000 U.S. dollars, almost no one believed it, but today it has doubled from 20,000 and exceeded 40,000 U.S. dollars. Therefore, the price is difficult to predict. If you believe in Filecoin, you will follow it step by step. If you don’t believe in Filecoin, you will be within your cognition and make money you can make.
Regarding the long-term price of FIL, to recognize that the project is valuable, don't worry, just follow the project. The short-term price can be analyzed.
FIL short-term price trend
The above is the K-line chart of the 4-hour FIL. The upper green line is the annual line, and the lower red line is the trend line. Short-term prices will oscillate between these two lines. When it hits the upper line, it will fall down and the lower line. It rises up and cannot jump out of this triangle.
It can be seen that the price of the annual line above is gradually decreasing. The first bottom of FIL was $20. It has not been broken until now. According to the trend line, the bottom is gradually rising. As the upper and lower lines gradually cross, the direction will be chosen to break through this range. It may break upward or break downward. The probability of a downward breakthrough should be small, and the high probability is a shock upward, which is the short-term price.
Why is the price not rising now?
It is because the cost of new computing power has not broken through. The current price is 14.58 FIL/TB. If this problem is not solved, it will not rise in the short term, and it will fluctuate within this range.
Therefore, there is no need to think about long-term prices. Short-term prices will not rise or fall sharply, but fluctuate at low levels.
A lot of miners or people who are tuners hope that the price of FIL will rise. When will the price be sold?
At what price can FIL be sold?
Now the price of FIL is 150 yuan, if the price rises to 1,000 yuan, will it be sold? There are two options:
1. Don't sell, continue to sell.
2. What to do after selling it? Should we take the money we make to exit the market, or should we continue to buy or dig coins?
Share three stories, maybe you can find the answer.
The first story: The story of "Yikong". One night, he sold 100,000 ethers and made 2 million yuan. He was very happy. But what happens after the sale? The price of Ethereum has risen all the way. If he does not sell it, these 100,000 Ether can now be worth 2 billion, which is a perfect miss of 2 billion.
The second story: the well-known "480,000 brother" in the currency circle is a story about Bitcoin, which can be reached by Baidu. In 2014, he bought a house with a down payment of 480,000 and bought 100 Bitcoins. His hope is to earn a car back. The price movements of Bitcoin at that time and FIL are very similar.
After the investment of 480,000 yuan, I experienced a long period of suffering, because the price always went up and down on the way. I was happy when it went up and it was a test when it went down, because I don't know where it is. After going through countless ups and downs in this way, he was extremely tortured. Finally in 2016, he couldn't hold back the pressure. "Brother 480,000" appeared at a loss of 180,000 yuan. If there is one more billionaire, the result will be another perfect match with wealth. This is the gambler's mentality, speculation, and no belief.
The third story: Li Ka-shing buys BYD stock. Li Ka-shing, is he a stock god? Some people said yes, after a while, these same people said no, but in the end they had to admit that he was great. BYD's stock has also experienced several big ups and downs in the middle. Every time it rises, it is praised. Every time it falls, it attracts a lot of sighs. In the end, the onlookers feel weak and sigh.
In the long run, the current price of FIL is a low point, whether it is 20 dollars or 30 dollars, any price, if you look at it for a long time, it is a line. If you think that the price of FIL will rise, it is an asset. Then, it should Let the number of FIL become more and more, just like the previous house, when it appreciates, then it is time to make money.
Looking back, the FIL mainnet has been online for more than 3 months. If you are a tokenist, it must be covered by a quilt now, and the number of tokens has not changed. However, the number of tokens for mining people is gradually increasing. Mining is a long-term project. There are not many coins in the early stage, but the time will be longer and the number will be more. The same money has been invested in mining and tuncoins. In the past 3 months, mining has always shortened the gap with the number of tuncoins. After a while, the number of FIL mined will exceed the number of tuncoins.
In short
The long-term price of FIL, no need to guess. There is no need to guess short-term prices, just oscillate within this triangle. Don't imagine a skyrocketing, nor pessimistic about a sharp fall. Tuning coins has always been possible, because it is still at the bottom. Mining, in the currency circle, is recognized as the top project of the pyramid, so regardless of whether it is a currency or not, mining should be configured.
With the mentality of getting rich overnight, it is a speculation, and it will basically lose a lot of rice in the end. People with this kind of illusion are basically impoverished. No matter which project or investment, it will end up like this. Therefore, you can enjoy the dividends of the project if you have a stable mind, a long-term vision, and a larger layout.