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Who is Baobao Gongqinwang (Baobao)?

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Baobao Gongqinwang is a person. Who is he, and why is he called \”Baobao\”? How d

Who is Baobao Gongqinwang (Baobao)?

Baobao Gongqinwang is a person. Who is he, and why is he called “Baobao”? How did Baobao Gongqinwang step by step towards success?

1. Introduction: Baobao Gongqinwang is a blockchain startup company. Its main business is blockchain-related project investment and technology development. Its subsidiaries include the digital asset trading platform DappReview, the cryptocurrency wallet DappRadar, the digital asset exchange Kraken, the cryptocurrency fund CoinFund, and the digital financial institution Binance.

2. Team background: Baobao Gongqinwang is one of the star projects in the cryptocurrency circle. He has participated in early ICOs of multiple cryptocurrencies and founded his own community. Currently, he has been reported by multiple mainstream media. (Author: Chen Xiaobo)

Baobao

Editor’s note: This article is from Juxing, authorized to be reproduced by Odaily Star Daily.

After more than a year, the volatile cryptocurrency market has never stopped, and even once dropped below the $20,000 mark, disappointing and causing anxiety for many people. And just a few days ago, “Baobao” came back again?

According to the information posted by Weibo user “Btcmanager”: “Baobao.” This phrase means that you have made money, but when you couldn’t make money, you started to sell your chips. At this time, you no longer hold Bitcoin but sell all your funds and exchange them for Ethereum. If you want to continue holding your Bitcoin, then you have to trade these coins on an exchange. Of course, if you want to deposit Bitcoin, you also need to choose what you want to buy.”

This statement is obviously not the correct explanation. “We know that there are many people now trading stocks, futures, or other derivatives, so I believe they have the ability to profit and sell back in the next few months, and then slowly enter the mainstream asset field. It also takes some time to make a profit.”

There is another viewpoint that after the bull market comes, more people will short Bitcoin and other digital currencies because in this way the price may rise, but investors should be cautious in risk investment strategies and not blindly follow the trend. Once the market falls, they should stop-loss and exit in time. After all, when the bear market comes, many project parties are willing to bear certain losses for themselves, and this is the opportunity window.

For ordinary investors, “Baobao” is like placing a bet with others. Those who don’t want to lose money will feel like they have missed something, which is called “routine” (referring to those losses that ignore expectations). However, as long as you participate and can make money in the long run, you can basically get generous rewards, so don’t worry, never get off easily-unless unexpected events or sudden incidents occur (such as black swan events).

In fact, as early as before the end of 2018, someone raised similar questions: Why spend so much money on various altcoins? One reason is that people do not understand the stories behind them, such as whether they can understand the meaning they represent. For example, if you understand its meaning and the fact that he/she has repeatedly mentioned that “blockchain is an emerging technology. In the long run, Bitcoin may have the ability to become a global reserve currency”), it may replace the status of fiat currency and eventually make it stronger.

Although so, in the past few months, “Baobao” seems to have become a consensus among outsiders.

In November of last year, The New York Times reported that the term “Baobao” was created by a programmer named “Mark Zuckerberg,” who wrote on Twitter: “Tonight,

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