Why did fil coins not rise in 2021 (why fil coins have no value)
Why didn’t the fil coin increase in 2021? After the Filecoin main network was launched, FIL prices plummeted from $6 to around $3 There are three reasons: (1) The development team of Filecoin has been disbanded and no new mining pools have been added; (2) Due to insufficient network performance of FileCoin, it is unable to support large-scale storage requirements
1. Filecoin officials lack a clear development plan and Technology roadmap for the Filecoin project; (3) The Filecoin community has not yet formed a good economic model to support its growth; (4) With the start of the Filecoin main network, it is expected to undergo a hard fork upgrade, but there are still some issues Since 2020, the price of Fil coins has been declining, and as of the time of publication, Fil has fallen back to around $10
Why does fil coin have no value
Editor’s note: This article is from the vernacular blockchain (ID: hellobtc), written by a poplar tree, and reprinted by the Daily Planet with authorization.
When Filecoin’s main network is launched, people will find that its value is actually much lower than Bitcoin, and it can even be said to be one of the least noteworthy currencies at present So why is the coin Fil worthless? It has two reasons: 1. No one bought it; 2. The price is too high; 3. The threshold for user use is too low
First of all, the circulation of FIL in the Secondary market is too large, so many exchanges in the market have sold a lot of tokens, and investors have made profits by buying these coins. But in reality, this situation does not exist. If a miner wants to make money from it, they need to short their tokens and sell them, resulting in heavy losses for the project team. 2. Speculation in the form of funds For ordinary retail investors, being able to participate in mining and trading for a certain project is a very complex matter, but this time it has disappointed many people. And now there are many platforms that attract new users by selling FIL, so a large number of air coins appeared in the early market. Behind this phenomenon lies the negative impact on FIL itself:
(1) investment risk. For example, if you buy a fil and invest 100 yuan, you can take it out and play, or if you buy a fil and exchange 10 yuan for 20 yuan, this is a typical investment operation. It’s not your asset allocation, but your own private key equals someone else’s money, which can cause great market chaos (2) Technical issues. Due to mainstream financial institutions currently attempting to launch new instrument products, they often provide more benefits to the public, but do not solve practical problems, making them a speculative investment target. For example, several futures contract products that have just been launched have all been questioned (3) The team is not professional enough. Like the so-called big shots I mentioned before, they are just studying how to use their abilities to carry out various strategies and marketing methods, and the final results may be very strange. 4. Cut Chives mode A while ago, someone asked us not to pay attention to “cutting leeks” anymore. At that time, I thought it was a bit absurd. So what is it that makes him less famous No one knows who is who and what people are doing Only a few people do not know this vocabulary, which is called “cutting leeks”. Either it is a deceptive slogan, or it is controlled by the stock price trend of the whole industry, thus creating a huge foam
3. The saying of “cutting leeks” is essentially a Ponzi scheme. In reality, although some ICO projects raise high amounts, the companies or individuals who truly obtain financing rely on issuing tokens for profit. This means they find it difficult to make money.
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