Shulou(Shulou.com)06/03 Report--

Recently, the currency circle can be described as a cold winter month, bursts of cold. A large number of official accounts were shut down, Alipay and Wechat blocked offline transactions, and then some places issued policies banning all virtual currency promotion and roadshow activities. Baidu also joined the camp, closed a number of posts, the Internet three giants issued policies at the same time. Many people think that this is another "94" event, but it may be more intense this time.

Blockchain technology development has always been our advocacy of the direction of development, I do not know how to be played by the currency circle these people. Now everywhere is full of cut leeks, all kinds of ICO news, so that those who really do projects have no way to go, good projects can not get money, the project side can not afford such a large amount of capital investment! There are very few projects that really hit the ground, which makes many people who really want to promote the project very cold to the market.

In contrast, those air coins, shanzhai coins of the project is really unboiled water, not only got the money, but also harvested a large number of user groups. I don't know whether the celebrity effect or other people's public relations publicity is good, anyway, it is full of gains.

In fact, the real project should not be pessimistic, although the market environment is a little worse, but looking at every policy in the market, you will find that once market sentiment is pushed to a very high or very low level, there will be a different effect. Today's bear market, the rise may be the next bull market!

In December 2013, GJ issued a document: notice on preventing the risk of Bitcoin, which clearly defines the nature of Bitcoin as a virtual commodity and requires financial institutions to bring Bitcoin into anti-money laundering monitoring.

In September 2017, the State Administration for Industry and Commerce, CBRC, CSRC, etc., issued a reminder on preventing the financing risk of token issuance. The formal characterization of ICO is an illegal financing act without approval, and no organization or individual may engage in token issuance financing activities.

In January 2018, the Internet Financial risk Special Group asked all localities to guide enterprises within their jurisdiction to withdraw from mining business in an orderly manner and report their progress on a regular basis.

Also in January 2018, it issued a risk tip on preventing disguised ICO activities, pointing out that the model represented by "chain gram" has risks to be vigilant, and the model of issuing virtual digital assets with mining machines as the core has hidden risks.

In fact, savoring these policies carefully, from September last year to the present, the national policy has been focused on cracking down on ICO and illegal financing. If this unqualified financing channel is reached so easily, it will cause a large number of social problems and destroy the overall financial order. This is the bottom line of the country and cannot be touched.

On the other hand, for the development of blockchain technology, the development of various blockchain (Token) has always been very encouraged, while those such as BTC and ETH have not changed because of policy reasons, and have always maintained a good momentum of development!

Bear market is not something we can escape from. Market development is bound to go through bear market and bull market. Perhaps the current bear market is a clean-up for the next bull market to remove unfavorable factors of market development and make the market develop more steadily. So policy is not necessarily a bad thing! Only the real project, do not violate the bottom line of business can be the foundation of solid and lasting development!

Finally, I warn you, whether it is the project side or investors, do not avoid the bear market, to experience. It is possible to welcome the next bull market!

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