“特朗普顛簸”變成了“特朗普垃圾場”

一年中的幾乎每種加密貨幣都會大大減少，而且還沒有任何跡象表明很快就會有周轉。

The "Trump Bump" has turned into the "Trump Dump." Just about every cryptocurrency is down big for the year, and there are no signs yet that there will be a turnaround anytime soon.

“特朗普顛簸”變成了“特朗普垃圾場”。一年中的幾乎每種加密貨幣都會大大減少，而且還沒有任何跡象表明很快就會有周轉。

Fears around U.S. President Donald Trump's tariff declarations, combined with recession fears, have been a potent double-whammy for both Nasdaq tech stocks and cryptocurrencies.

美國總統唐納德·特朗普（Donald Trump）的關稅聲明以及衰退的恐懼的恐懼，對納斯達克技術股票和加密貨幣都有強大的雙重打擊。

Bitcoin (BTC 2.66%) is down 15% for the year, Solana (SOL 1.73%) is down 35%, and Ethereum (ETH 1.04%) is down 45%. So are any of these cryptos worth buying right now?

比特幣（BTC 2.66％）在一年中下降了15％，Solana（SOL 1.73％）下降了35％，以太坊（ETH 1.04％）下降了45％。那麼這些加密貨幣中的任何一個現在都值得購買嗎？

Bitcoin

比特幣

We've seen this story before with Bitcoin. There's a reason why Bitcoin has acquired the reputation of being a highly volatile asset. Drawdowns of 20% to 30% are par for the course. In fact, according to Cathie Wood of Ark Invest, there have been at least five distinct times in Bitcoin's history when it has fallen by 77% or more.

我們以前用比特幣看過這個故事。比特幣獲得了高度揮發性資產的聲譽是有原因的。該課程的降低為20％至30％。實際上，根據Ark Invest的Cathie Wood的說法，比特幣歷史上至少有五次截然不同的時間，當時它下降了77％或更多。

And, while there's no glossing over the fact that investors are de-risking and selling Bitcoin, even the biggest skeptic has to admit that Bitcoin has held up much better than just about any other cryptocurrency. Until recently, Bitcoin had been considered a hedge against economic uncertainty. Some investors even consider Bitcoin to be a "safe haven" asset and the equivalent of "digital gold."

而且，儘管投資者正在脫離風險和銷售比特幣的事實並沒有掩飾，但即使是最大的懷疑者也必須承認，比特幣的舉足輕重比其他任何加密貨幣都要好得多。直到最近，比特幣一直被認為是對經濟不確定性的對沖。一些投資者甚至認為比特幣是“避風港”資產，相當於“數字黃金”。

Image source: Getty Images.

圖像來源：蓋蒂圖像。

One way to ride out the current crypto storm is by hunkering down and buying Bitcoin. You can dollar-cost average on the way down, and then dollar-cost average on the way up. This is not to say that Bitcoin is by any means "safe" -- but it has gained so much institutional adoption over the past 15 months (ever since the launch of the new spot Bitcoin ETFs) that it might just be the one crypto worth loading up on right now.

消除當前的加密風暴的一種方法是低頭購買比特幣。您可以在下降的途中平均美元成本，然後在上升的途中美元的平均值。這並不是說比特幣無論如何都是“安全的”，但是在過去的15個月中（自新現場比特幣ETF的推出以來，它都獲得瞭如此多的機構採用，以至於現在可能是一個值得一提的加密貨幣。

Solana and Ethereum

Solana和以太坊

You have to make a choice here: Solana or Ethereum. They are the two leading Layer 1 blockchain networks, and both have very large, very diverse blockchain ecosystems. In short, they're the building blocks of the modern blockchain economy. That makes them very valuable. Every sector of the blockchain world -- from gaming to Web3 to decentralized finance (DeFi) -- depends on them.

您必須在這裡做出選擇：Solana或以太坊。它們是兩個領先的第1層區塊鍊網絡，並且都具有非常大的，非常多樣化的區塊鏈生態系統。簡而言之，它們是現代區塊鏈經濟的基礎。這使它們非常有價值。區塊鏈世界的每個領域 - 從遊戲到Web3再到分散的財務（DEFI） - 取決於它們。

From my perspective, Solana is the future, while Ethereum is the past. Solana is cheaper, faster, and more efficient than Ethereum, and that is leading to much higher future growth prospects. Granted, some of that growth has been the result of meme coin fads, but there's still a lot to like. Solana is making major headway in areas such as decentralized finance, and has a very robust mobile crypto strategy.

從我的角度來看，索拉納是未來，而以太坊是過去。索拉納（Solana）比以太坊（以太坊）便宜，更快，更高效，這導致了更高的未來增長前景。當然，其中一些增長是Meme Coin Fads的結果，但仍然有很多喜歡。索拉納（Solana）在分散融資等領域取得了重大進展，並且具有非常強大的移動加密策略。

Ethereum is still a major DeFi powerhouse, and the Trump administration is doing everything it can to promote the idea of Ethereum becoming the building block of a modern, blockchain-based financial system. If you look through the portfolio holdings of World Liberty Financial, the Trump-affiliated crypto company, it's clear that it's positioning itself for an Ethereum-led DeFi system. So maybe Ethereum really can turn things around.

以太坊仍然是一個主要的辯護力量，特朗普政府正在竭盡所能，以促進以太坊成為現代，基於區塊鏈的金融體系的基礎。如果您瀏覽特朗普附屬的加密貨幣公司世界自由金融公司的投資組合持有，很明顯，它正在為以太坊領導的Defi系統定位。因此，也許以太坊真的可以扭轉局面。

Beware the bargain basement bin

當心討價還價的地下室垃圾箱

Keep in mind, though, that just because a crypto is down big for the year, that doesn't necessarily make it a great buy. Think about any experience you've ever had shopping at a "Going Out of Business, Everything Must Go" sale. Sure, some things are really cheap, but how many of them do you want or need?

不過，請記住，這僅僅是因為加密貨幣的一年倒計時很大，這並不一定會使它成為一個很棒的購買。想一想您曾經在“倒閉，一切都必須去的”銷售中購物的任何經歷。當然，有些事情真的很便宜，但是您想要或需要多少東西？

In the crypto market, there's one category I'm avoiding for now: meme coins. The numbers are ugly, and I don't see a lot of hidden value. Among major meme coins, Dogecoin is down 50%, Pepe is down 70%, Floki is down 70%, and Dogwifhat (yet another dog-themed meme coin, this one wearing a hat) is down 80%. The meme coin speculative bubble burst in February, meaning that even the Official Trump meme coin is too hot to handle right now.

在加密市場中，我目前避免了一個類別：模因硬幣。這些數字很醜陋，我看不到太多隱藏價值。在主要的模因硬幣中，狗狗幣下跌了50％，佩佩下跌70％，Floki下降了70％，而Dogwifhat（又是另一個以狗為主題的模因硬幣，這款戴著帽子）下降了80％。模因硬幣投機泡沫在2月爆發，這意味著即使是官方的特朗普模因硬幣也太熱了，無法立即處理。

Buy, sell, or hold?

買，出售或持有？

Of the three cryptos listed above, Bitcoin and Solana are clear buys. They've been battered down to unreasonably low levels. Solana, for example, was a $294 coin on Jan. 19. Less than two months later, it's trading around $125.

在上面列出的三個加密貨幣中，比特幣和索拉納是清晰的購買。他們被打擊到不合理的低水平。例如，索拉納（Solana）在1月19日是294美元的硬幣。不到兩個月後，它的交易約為125美元。

I'm still on the fence about Ethereum, however. If you only look at its past historical track record, it seems like a no-brainer buy at current discounted prices. But it has been a market laggard for months now, even before the crypto sell-off started. If you already have Ethereum in your crypto portfolio, it's worth holding on to see if the Trump crypto team can move it higher. But I wouldn't advise

但是，我仍然對以太坊的籬笆。如果您只查看其過去的歷史記錄，那似乎以當前的折扣價購買。但是，甚至在加密貨幣拋售開始之前，這已經是一個市場落後了幾個月。如果您的加密產品組合中已經有以太坊，那麼值得一提的是，特朗普加密團隊是否可以將其提高。但我不建議