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A student who helps the ICO projects with the creation of brands and is studying at the London School of Economics has warned that the cryptocurrency bull market witnessed in 2017 will never be repeated and the survival of the most suitable in space will be "very cruel".
Chang Liu worked for a marketing agency in China that helps ICO projects abroad to enter the Chinese market.
As a consultant, he helps several ICO projects with the construction of the brand and is now the ambassador of an ICO Aeternum project, helping them to exploit the market.
He is currently studying for a Master's degree in Quantitative Risk Management at the London School of Economics.
Volatility
He says he does not have a professional technical background and is "more concerned with the economic and social impact of blockchain technology and the volatility of the cryptocurrency market".
He spends a lot of time researching the secondary market and looking for investment opportunities from a financial point of view.
"From my point of view, I am very convinced that the price of Bitcoin will far outweigh the $ 20,000 in the future, although it may take two years or more," he says.
"For the cryptocurrency market as a whole, I'm afraid the biggest bull market has gone forever, but it's a great opportunity to bring out high quality projects."
He points out that during 2018, the price of Bitcoin "has fallen by 80% since it reached its peak in December 2017, while most cryptocurrencies have a worse performance than Bitcoin".
Bubble
"Some people have said it's time to break the bubble Bitcoin can never be a currency, some others have said we should not worry about that.
"After all, from 2011 to 2012, the price used to decrease up to 93%."
"I have two comments on these points: Firstly, Bitcoin will never be a definite" currency. "Although Satoshi has defined an" electronic cash system ", we now have to admit that Bitcoin has been overtaken by many cryptocurrencies in terms of technology. "
"Even if there are really crazy governments willing to use cryptocurrency as an official currency in the future, they will develop a new public chain based on more advanced technology.
"I believe Bitcoin will become a" special goal "- its price represents the beliefs of people in the blockchain and the real achievement of blockchain technology.
Decentralization
"Because the biggest advantage lies in its decentralization (the chips of most cryptocurrencies are too concentrated.) No individual or organization can control the market (although some governments can influence it)," he adds.
"Bitcoin wants to turn trust in people into trust in algorithms.This concept belongs to the future, and in the future, faith is a very precious thing, and those who believe in this concept will support Bitcoin.
He continues: "Secondly, this time the bear market is different from the last few times, because since 2017, some blockchain projects have really been realized.
"When a technology is actually used in real life, we can see many more potential advantages and disadvantages.In the past, the volatility of the cryptographic market was basically derived from market sentiment, but now we have some real products to rely on."
Speaking of ICO, he says: "CIOs can no longer raise funds easily with a simple project on PPT.The bullish condition has gone.Only the best projects can be favored by investors and will have hundreds of times of return. trash will be left unattended. "
Not very mature
He says in 2019 that more and more blockchain-based technology will be used in everyday life "although it is not very mature in most fields".
"Both governments and companies would be very keen to prove it, and many ICO projects will be launched and good ones will be noticed.
"The prices of BTC, ETH, EOS, etc. will remain low and the survival of the fittest in the cryptographic market will be very cruel.
"For non-professional investors, it is difficult to identify the quality of a project, so investments must be very cautious.
"For the general public, they just need to enjoy the improvements that blockchain technology brings to everyday life.
"Do not rush to try investment in the secondary market – if you have not invested in cryptocurrencies in advance, 2019 is definitely not a good time."
