1.The latest development of Filecoin

The Filecoin Virtual Machine (FVM) has been officially launched this year, providing a unique storage utilization layer for the Filecoin network. This exciting development marks another milestone in the growth and expansion of the Filecoin ecosystem, with FVM providing an innovative way to create customized storage solutions tailored to individual needs. Lao Lin (technical expert) put it bluntly that it is of no use to the market.

2. Latest information on the external environment

In May this year, Blizzard Cloud, the only remaining largest service provider in China, declared bankruptcy and ran away. Spacetime Cloud was tried in the Pingnan Court of Guangxi. With the collapse of these two service providers, we can also see from the data that the computing power continues to increase. decline. The following figure

3. Why are there so few foreign players playing FIL?

This has to be said about the way FIL started. FIL started by relying on these service providers in mainland China to establish a hierarchy by recruiting people. Whether it is a formal service provider such as Time and Space Cloud, Blizzard Cloud, there are many companies including those under the guise of FIL. These types of groups (the most common in this category) had a great influence on the initial start of FIL, especially fake service providers. They would directly sell the FIL handed in by the participants with their left hand and right hand, and conscientious bosses, etc. After FIL plummeted, they bought it back and slowly paid it to players (similar to PLUSTOKEN). They did not get the mainnet pledge. On the surface, the FIL server sales exceeded 10 billion at the time, but it is estimated that less than 40% of them actually used it. Many people participated. All of them are uncles and aunts, and they can’t even use a mobile phone, let alone read node data, so a large amount of money has actually gone into some people’s pockets. In this process, the technology demonstrated by FIL has not caused much concern. Attention foreign players. So not many people from abroad participated.

4. Why did the institution invest in FILCOIN at that time? Will it return to zero?

Answer: No, if you read Lao Lin's (technical expert) article here, it means that you are either trapped by FIL, or you have doubts about whether you can buy FIL. Let's get back to the subject, whether it is an institution or a retail investor, everyone's goal is actually They are all the same. Institutions are not so magical. You can think of them as VIPs in a casino, and retail investors are ordinary players. Institutions participate in any subject for the purpose of profit. For example: DWF LABS, a newly popular agency this year, has attracted many targets, such as DODO, TWT, CFX, YGG, etc. But looking back now, it is not a piece of cake. To play in this industry, you must have a high-quality Source of information, the founder of DWF is also a partner in the OneCoin and EXP super Ponzi schemes. Lao Lin tells you these things to stop you from being obsessed with institutions.
5.Can FILCOIN still be able to unwind or enter the market?
Answer: Yes, although it seems that the official community of FIOCOIN has been managed and operated at present, the concept of IPFS still has the opportunity to be implemented in the future, but it is obviously not at present. FIL's current technology is not mature and innovative. The economic model is a collapsing death spiral model. What is a death spiral? That is, the higher it rises, the healthier it will be, and the lower it falls, the faster it will die. If your quilt position exceeds 30, Lao Lin advises you to cut and change positions as soon as possible, there is no chance. Common vernacular: The more it rises, the more people (computing power) will join in, because the unit price is high, the output is high, and vice versa. In the future, FIL does not rule out that someone will make a fuss about it. Lao Lin judged that the probability of rebounding to 30-50 is very high. As for the opportunity to enter the market, it will be entered in batches at 1.2-2.5.
Lin Muyang crypto: Returned from the UK with a master's degree in economics, he is proficient in C++, C#, Go, Java, Javascript and other blockchain technologies. He focuses on data analysis and macroeconomic trend analysis of primary and secondary markets. He has self-study of the "syllogism" theory and passed multiple The current market conditions verify its reliability.