Big family have words! CKB is still worth holding for a long time?

Note: if you only look at the price, you will find that all the gorgons are bitcoin. For example, Algorand and Nervos, which have been online for less than a year, are still bottling out and hovering around the break-even price for a long time.

As a long-term holder of Nervos token CKB in the public chain project, ah liang in this paper is also an early participant in the industry. Since the end of last year, he started to pay attention to CKB and successively bought CKB in batches from the secondary market. Although there were a few times of selling, he still has over 4 million CKB in his account. He epitomises the typical investor who takes a star project and pours energy and money into it. Just, from the point of view of the return on investment, the situation does not seem to be satisfactory, long-term holding of a well-known project token, there is still a chance?

Interview after the start of good o say to us, in fact, the beginning is very not willing to accept our interview, because he felt that one is his now there are more than 400 pieces of is large, the second is the CKB now is in the phase of washing the dishes, raise the absorption, much more people on the car, currency "off" time became more unpredictable, but he saw the total project, because currency be scold, so didn't also endure to foreign share some of my views. This article is written by a liang himself. Without changing the original intention, the beats BlockBeats have been sorted out.

"Who in the coinage circle doesn't pay attention to the hot spots and opportunities in the industry? Besides Nervos, I am also a believer in bitcoin myself."

I remember that since the second half of last year, "reduction" has become the hottest topic in this industry. All kinds of hype such as halving, reducing production and destroying have been put into action in turn.

But this let everybody expect and hyped the concept of half a year, after the dust fell on May 12, also did not bring soaring market. A few friends and I all think that the current cryptocurrency market still needs a shot in the arm, but the shot in the arm can only come from two directions: one is the new project, and the other is the "old" project that has been launched.

Let's start with the new projects. In 2020, these projects like JUST did attract a large wave of traffic, but within a few days, all these projects disappeared, and those with potential are estimated to be the same star projects. As a user with more than 4 million CKB, Nervos has been online for more than half a year. Although the fundamentals of the project have not collapsed, the currency price is indeed a snack plug.

Before we talk about why we invest in Nervos, let me talk about the positions that you might be most interested in. Looking at the total amount, I still have nearly 4.5 million pieces of CKB in my account on the trading platform, and the total cost is about 300,000 yuan. If the whole process after CKB goes online is divided into three stages: from last November to January this year, to "312 slump", and finally to the present day after the slump, I mostly bought CKB in the first two stages.

The main network goes online until January this year: belief recharge period

Since I didn't participate in the private placement, I have been following Nervos since it launched in November last year. I remember the private placement price of CKB was around 0.006 USDT. At that time, the whole encryption market was relatively low, so it was unwise to rush to get the offer.

Early lines and generation for "car", not because I didn't participate in not good Nervos, but see through, as long as you are, spent more than one year in currency circle know the hype and foam COINS ring today is far more than work, a lot of projects before launch fired, but in the end, often staying power, their examples abound.

For example, the "JUST" that was popular in the recent period of time is JUST a MakerDAO copied from ethereum if only from the perspective of innovation. Investors don't care about whether "JUST" can succeed or not, and they will swarm forward after seeing the name of sun yuchen. But is the ecology of the wave field comparable to that of ethereum? Is the industry short of a second MakerDAO? There is no shortage.

The reason for my interest in Nervos dates back to the team's release of the Chinese version of the white paper. At that time, Nervos was unique and innovative compared with other projects. Nervos's two-tier architecture has been talked about many times, and of course, even if the idea and design mechanism are great, it comes down to implementation.

Nervos' team's engineering landing capability is arguably ahead of most blockchain projects. Xie hanjian, for example, is an industry veteran, having previously been a member of ethereum's core r&d team. However, because CKB prices were so low after the launch, Nervos' founding team members were faked by someone interested in making up the official manipulation of the crash, which turned out to be totally out of thin air.

Interestingly, Polychain founder Olaf has been on the Nervos platform on several occasions: "I'm a big fan of Nervos, and I'm excited about their layered scaling technology, and their team is great." As a top investment institution in the blockchain industry, there are not many projects that can enable Olaf to do so. There are Tezos and Celo with similar treatment. Of course, the return on investment brought by the former is obvious to all.

Of course, Polychain is not the only one interested in this project. Many star institutions, including sequoia China, wanxiang blockchain and jingwei China, have also invested in this project. Naturally Nervos also enjoys the honor of "famous public chain in China".

In other words, based on the above cognition, after CKB fell back to the cost price, I was ready to enter the market in batches. When CKB opened, it hit 0.02USDT at one point, then fell back to around 0.01USDT and started a sideways session for more than a month.

By January this year, CKB had dropped to 0.006USDT. My friends and I judged that the private price was almost reached, so we began to "hunt for the bottom" : from the initial price of 0.0053 to 0.0068, and then to the highest price of $0.008, we started to be cautious. The quantity of each purchase was basically around 100,000, and then we added more after the increase. However, did not expect the year after CKB began a long shock market.

January to "312 crash" : faith takes a beating

For a long time, some people introduced Nervos by saying "it's the only public chain project technically comparable to ethereum 2.0," but that "honor" wasn't directly reflected in CKB prices, and I was skeptical along the way as prices continued to fall.

I myself was not familiar with the official team members, and many of the news was based on my own search and media release to see the progress of the project. The Nervos team was not without work. After the launch of the first main network version of Nervos CKB, Lina, as the first DeFi project on the network, Nervos DAO increased the CKB of lockup every day. This game was even praised by 1confirmation founder Nick as one of Nervos' innovations.

Photo credit: ikkyu

At first glance, this kind of play is a little similar to the PoS project Staking, where investors deposit CKB into Nervos DAO and can enjoy corresponding subsidies. However, there are still differences between the two. This part of token will not participate in Nervos' consensus. At present, the total number of participants in CKB locking is nearly 6.5 billion, and a large number of CKB are locked into Nervos DAO, which can avoid the significant market crash risk.

In addition, from the point of view of the whole network computing power, until march this year, Nervos mining used GPU/FPGA mining machine, but as ASIC mining machine launched, Nervos network computing power began to soar. I remember when the ASIC mining machine first came out, there was an "attack on the main network" incident. At that time, the calculation force soared in a short time, the tertiary block rate reached 100% at one time, the test network nearly seven hours without a block.

At that time, when the news was just exposed by the media, we still thought that the main network was attacked by 51%, I was also scared not to do it, because this industry project is the most afraid of theft and attack, but finally confirmed that only test network.

But when the ASIC came out, there was also a voice saying that the miners would control the whole chain, but from another perspective, as the power of the whole network grows, doesn't the whole Nervos network become more secure and decentralized?

And teams in order to be able to attract the developers to develop its ecological, also announced in January this year set up a public endowment of $30 million, directly in the form of cash to fund the developer, from the point of the release of information, has eight teams of nine project funding, but I also have a voice is heard community, these projects fishy, team in the process have not norms of behavior, such as money laundering, I can only say that these people's imagination is too rich, regardless of the project financing process is open and transparent, Even you can see the public progress of every Grant project.

Of course, if you look back at the price of the currency, the CKB in this period of time is not worth praising. In January, CKB fluctuated around 0.006USDT and fell to 0.0047USDT at the lowest point. In the "312 crash", like many currencies, CKB failed to be immune from the situation and once fell to the all-time low of 0.0024USDT, followed by the correction of the market.

But for Nervos bulls, every drop is actually an opportunity to get on board. Of course, during this period, I also successively bought CKB from the market again at the price of 0.0028, or even 0.0031 and 0.0043 dollars for many times, with the quantity ranging from 150,000 to 300,000 pieces each time. So if I add my previous COINS, now I have more than 400 million CKBS.

Can the tokens of the project be held for a long time?

Remember just entered the industry's early days, we talked to hold the value of a currency are said don't tube, a few years later, will break through your imagination, some people even make fun of "buy the currency to remember your public key private key, you can drink a driving force in stay a while, let oneself can not see the currency after out don't worry about buying homes and cars," and, of course, this also is at that time, but now in addition to the currency, the etheric, if really get a coin in the several years, estimated probability is to "cold".

In fact, in addition to the well-known domestic public chain, layered design, strong engineering capacity of these labels, in fact, CKB's biggest handle is only the currency price. Sometimes, even loyal fans of CKB can easily fall into the myth that CKB can still be held for the long term. After the launch of CKB, the performance of high opening and low walking was surprising, but seemed reasonable.

Mentioned above, I did not participate in Nervos private, but one person involved in private institutions, head of a friend told me that in the first round of the main Nervos online tokens to unlock, choose a high sold the tokens, and linear unlock part, basically are also sold in succession after unlock, "because we compare value return on investment". After listening to the I also shocked, of course, I think this is just one, investment institutions have a lot of CKB, provids online after part of the nature of their unlock is part of the secondary market, and also calculate investors, buying and selling so I think is very normal, but the above mention a lot of private equity firms, they are actually industry early builder, for Nervos this kind of work of the chain, most certainly will choose to continue to support.

According to subsequent official disclosures, Nervos has been doing something. For example, the firecoin public chain test network launched in late February is a high-performance financial public chain jointly developed by Nervos Foundation and firecoin group. In addition, Nervos recently launched "CKB programming experience class" and "CK LABS" program, which are also aimed at further building the public chain ecology. But no one can control the rise or fall of the currency price. All we can do is wait.

In may this year, Nervos ushered in the second round of tokens to unlock, as high as 2.8 billion CKB was released, many people feel that the disk will cause down, because the market can't bear such a big sell-off, but actual unlock after price fluctuations can be largely ignored, and I remember the first lock on Nervos DAO tokens is about 5 billion, is now around 6.5 billion, the total removal of normal lock up, the number of estimates that the unlock token, some also flow directly into the Nervos DAO.

Investment is actually a long and painful process. The airbnb of 2017, EOS and XTZ of 2018, and even the LINK of early 2019 have all experienced a long-term dish washing process. Although they may be different from CKB in many places, the people who hold these projects have obtained relatively considerable returns according to the market performance in the future.

The value of the project is fully reflected in the monetary price, which is not a matter of overnight. The adoption of technology and value capture are not linear, and projects including ethereum have reached a critical point after a large amount of time precipitation, and the whole ecology has subsequently grown by leaps and bounds.

Whether Nervos can succeed or not, I don't know. At present, Nervos is still a strong competitor in the projects with potential and low level. Therefore, this is the reason why I still have the confidence to continue to buy in the secondary market in the past six months.

Finally, we also asked what would also locked in the CKB into Nevos DAO, he laughed, itself is a retail, held by CKB also not many, put feeling into the DAO of earnings, there is no appeal to him, it is better to put in exchange, but he also said he is now in the secondary market to buy CKB, hoping to further lower the cost, if the subsequent position becomes bigger, will certainly choose to part of the lock into the DAO.

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