Translation of the requirements to focus on 7 aspects of the Messari report (part 1)

In December, the announcement of Messari's final year arrives on time. Full text, detailed information and details. The best and most comprehensive analysis of the entire crypto industry in 2021. After reading this report I think it's worth telling everyone the most interesting about the article .

Reading this report will give you at least three benefits.

First, the report can give you confidence in the crypto industry and provide guidance for improving the crypto industry. Which way? Obviously, Web3 is improving. After 20 years of Centralized Internet (Web2), I finally had the chance to implement solutions in a decentralized way. Whether you are an “expert” or an expert in the crypto world, the power of cryptocurrency is our research and our reliance on our belief system. Developed through the organic fusion of decentralized networks and financial systems, Web3 is an excellent alternative to traditional institutional systems.

Second, you will find yourself in a huge blue ocean industry. Now, not every job can be involved in high productivity and high labor costs, but it is not. It is an industry problem, but Web3 does not meet this measure. In short, the global blockchain is still small and it's a blue ocean business. Even though it is small, it is not ignored by anyone like 10 years ago. Currently, the cryptocurrency industry is a $ 3 trillion asset class, with a net worth of over $ 150 billion, or over $ 5,000 billion annually. With the development of pharmaceutical chains and the potential for secure currency exchanges, cryptocurrencies began to turn to banking management, which in turn could affect politics.

Third, the cryptocurrency market is currently in a deep adaptation to the bearish market, but the future of the cryptocurrency world is bright. As mentioned in the first report, we are 99% confident that the cryptocurrency market will experience strong growth by 2030. We are in the midst of a global financial crisis. , and the rise of cryptocurrencies will have a bigger impact than telephone communications and even the Internet.

Overall, this report from Messari examines the entire crypto industry and provides insight into future business and investment. In addition to our findings above, we also believe that the seven key points outlined in the report deserve special attention. If you don't have time to read the keywords in detail, after all, the original text is over 100,000 words and over 100 pages long, so you can read this short text.

When are you going to get to the top? How will this bear business change?

The report states that we all know that a "collision" is coming and this time around the cycle will be more gradual than before, but since we said before that there had been a "hotter" on the market, much more leeway before the crash. Does economic growth still depend on cases?

To illustrate when Bitcoin peaked, the Messari report revealed the MVRV index. The report estimates that if you are not a HODLer and cannot stand the 4 years of bear activity, anytime MVRV hits 3 is the best time for you (when MVRV drops below 1, you can sell a kidney).

The standards and guidelines for MVRV are as follows:

Data source: https://www.lookintobitcoin.com/charts/mvrv-zscore/

This metric estimates the overall market reputation by comparing Bitcoin's “circumferential market value” and “realized value”. As shown in the figure above, when the indicator enters the red zone, the entire cryptocurrency market overheats and you have to be very careful with the risks. In return, entering the green zone means that the market is empty.

Messari reports on spending that the MVRV time of over 3 in the last three bubbles has been slowly shortened. In 2011, MVRV was on top for 3-4 months. They stayed 10 weeks in 2013 and 3 weeks in 2017. At the start of this year I only stayed 3 days.

Messari's data seems to believe that when MVRV hits 3 again this year, Bitcoin's value will hit the $ 100,000-125,000 level!

However, no single special measure can give the most accurate picture of all cryptocurrency returns, and Bitcoin is unlikely to want to regain its glory in hopes of a Fed rate.

Messari's announcement also gave us the opportunity: what to do with the bear business.

The report notes that the past carries the winter market in the cryptocurrency world has left many wary and unable to withstand many years of wit and depression.

While we will see negative data on the human slowdown, economic slowdown, and bear market slowdown, this year the bear market appears to be getting worse as it grows and is experiencing nightmares that have never been seen before. previously by management. Bull market, consumer protection, market fraud and product abuse, market risk, ESG and market issues can lead to a catastrophic surplus for the entire store. At the same time, the number of groups "rooted" in the cryptocurrency industry will decrease because when you lose 90% of your savings you have to find a real job and it will be difficult for the "fight". “With the traditional market.

Before you lose faith, you need to ask yourself a few questions:

1) Is the centralized world really lost?

2) In the future, is Web3 worth the wait to protect nature?

3) Is the equipment in the new area we are considering (bridges, DAO, NFT) still worth the investment for the next step?

4) Will it be easier to find jobs with solid foundations in the next cycle?

5) Do you still have enough money to help the development of the project?

6) Do you still believe that the cryptocurrency market will return to the bull market in 5-10 years?

7) If you still believe in all of these things, wear a helmet, embrace the winter chill, and listen intently to the words “winter survival”. Reduce shipments ASAP, view tax returns, and cash in on time. , and don't try to guess the "best" time.

In short, the MVRV indicator cited by Messari suggests that there could be new highs going forward, but this is a warning to prepare for the next bear market and not to fight unprepared. Don't be discouraged when the real bear market arrives. Web3 Because this content falls within the theme.

Can Ethereum outperform Bitcoin?

WhETHer Ethereum "rocks" or not, for example, will have a higher market value than BTC if the issue of the cryptocurrency market has been discussed. It is generally believed that with the advent of ETH2.0, ETH will become compatible with Web3, resulting in a large application space, apparently only a matter of time. before the price of ETH exceeds BTC, but not Messari. I think so.

Messari believes there will be a 20% chance of "recovery" next year. If ETH can outperform BTC, it's not because it's a high-level 'currency', but because the market is profitable for the world's most unique consumer in terms of platforms. count and more income and potentially more important than digital gold. In other words, BTC and ETH are treated like M0 (cash flow) and Google.

Messari doesn't think ETH will outperform BTC in the coming years, not only because Ethereum is facing serious issues, but also because competition from public chains is very strong now and market trading is more. inclined to create parallel multi-chain ecosystems in the future. Like h / tArthur Hayes' watch, public channels like BSC / Solana / Polkadot can 'merge' like FAMGA (Facebook / Apple / Microsoft / Google / Amazon, etc.) with its market cap above M1 (M0). has anyone requested a deposit) Bitcoin?

So can Ethereum beat Microsoft, Apple, or Google? Now Ethereum is 3-5 times worse than them. Can ETH outperform all FAMGA points of sale? There is a difference of 15-20 times, which is very high. After all, Ethereum is now 5% of FAMGA's total market value, while ETH is still “cheap”.

The emergence of Web3 is inevitable.

From Twitter, Instagram, Telegram to national agencies, from Cape Town in South Africa to Washington in North America, from Beijing to Tokyo, almost every internet doctor is talking about the new Web3 theme. In fact, Web3 is not a new language, but "Web 3.0", which was developed by Polkadot founder Gavin Wood in 2014.

Obviously, Web3 is the direction of growth. After surviving 20 years of centralized internet (Web2), I finally have the opportunity to walk you through the solution process, even if you are the “pastor” of the encrypted world. Or if you are an expert, you will find that the driving force behind this crypto power is our research and distribution prospects. Web3 (an organic combination of a decentralized network and a financial system) is a great solution to change the downstream business process.

As the Messari Report explains, we are moving from the Internet hegemony of “land leases” to a new era that never ends. The growth of cryptocurrencies in the border arena was the start of an inevitable revolution in a monopoly economy that feared everyone would benefit.

In the long term, the growth momentum of Web3 cannot be stopped.

Chris Dixon, A16z member, described Web3 as “the use of tokens on the Internet as a vehicle and shared by developers and users”.

Scholar Messari Eshita described the transition from Web1 to Web2 to Web3 in his article "Web3: In the Word" as "just read-read, write, read and be personal". Whatever you prefer, in the long run your users will benefit more from Web3 than from Web2 (monopoly internet marketing).

In fact, we already have all the essential ingredients needed for Web3's success: 1) Skills: The ability to be young, passionate and visionary is flooding and developing the crypto world 2) Investment: The crypto market has grown. A number of venture capitalists and cryptocurrency startups have started raising funds, and liquidity contracts are appearing on the internet very quickly. 3) Time Node: The start time of the 'crypto movement' (change in technology production with a certain policy) is likely to be accepted at a time when global crypto global layer key standards have been placed in the end device industry. and accepted by the community.

Simply put, the current site is “time, space and people” for Web3.

Also in a recent article by Eric Peters, he said that we are in a time of social change. Young people are passionate about emerging investments and are reluctant to invest in the traditional investments that adults love. Indeed, at present, the traditional procedure is only used to help the elderly who have accumulated a lot of wealth to support it. And these new ways of investing have the potential to recoup (and even lose money) existing investments. This harassment is inevitable and young people see organizations using it today.

The most obvious example is that DeFi offers savings with an annual return of 5%, while Wall Street is only 0.5%. The advent of non-homogeneous tokens (NFTs) gives developers the opportunity to make more money and they don't have 50% stakes like Hollywood. The emergence of GameFi and SocialFi would violate monopoly rights, causing internet companies to lose 100% of their business and reducing risk at home.

I am 99% sure that the cryptocurrency market will experience phenomenal growth by 2030. We are in a period of global economic change, and the rise of cryptocurrencies will have a bigger impact than the exchange rate. Communicate by phone and even on the Internet.

Due to the long space, the second half will be released on December 16, so stay tuned.