If you want to keep eating from the Crypto bowl, you gotta understand these truths:
1) Looking back at past cycles, the crypto industry nearly dies every round before rebirth. It’s normal to see drops of 90%, 80%, or even 70% before a V-shaped recovery takes off. High volatility is definitely part of the game, but don’t forget, the resilience to bounce back is strong; it’s not going anywhere.
2) CEX exchanges have never been the saviors of the crypto space; in some ways, they don’t even belong to the crypto world. The 'fees' taken by trading platforms are eternal, regardless of whether the assets traded are major cryptocurrencies, MEME coins, or even stocks, futures, oil, and precious metals.
3) There are indeed many VC projects in this cycle that seem like 'scams', but ultimately, what will pull the crypto industry out of its slump will be grand narratives. Just like the DeFi boom of 2020, the NFT craze of 2022, the inscriptions of 2023, and the Agents of 2024. The continuity and depth of these narratives determine the strength of the bull market and the difficulty of rebuilding after the bubble bursts. Without 'innovative narratives', the crypto industry simply can't thrive.
4) Twitter CT is overflowing with a lot of FOMO-driven, sharp-tongued, or oppositional voices. This is really just a reflection of the poor secondary market conditions. Just take a look and have a laugh. When the day comes that the crypto industry faces a catastrophic decline, no one will be able to stand alone. As the saying goes, dear 'stock traders', please do respect the road you’ve traveled.
5) Those who have benefited or early OGs, some have retreated into the shadows, others are scheming behind the scenes, while some are still stubbornly preaching the gospel. This isn’t what’s scary; what’s terrifying is that most people choose to remain 'silent'. The cost of silence will inevitably lead to 'bad money driving out good', and the resulting erosion of 'consensus' is what could be most fatal for the industry.
1) Looking back at past cycles, the crypto industry nearly dies every round before rebirth. It’s normal to see drops of 90%, 80%, or even 70% before a V-shaped recovery takes off. High volatility is definitely part of the game, but don’t forget, the resilience to bounce back is strong; it’s not going anywhere.
2) CEX exchanges have never been the saviors of the crypto space; in some ways, they don’t even belong to the crypto world. The 'fees' taken by trading platforms are eternal, regardless of whether the assets traded are major cryptocurrencies, MEME coins, or even stocks, futures, oil, and precious metals.
3) There are indeed many VC projects in this cycle that seem like 'scams', but ultimately, what will pull the crypto industry out of its slump will be grand narratives. Just like the DeFi boom of 2020, the NFT craze of 2022, the inscriptions of 2023, and the Agents of 2024. The continuity and depth of these narratives determine the strength of the bull market and the difficulty of rebuilding after the bubble bursts. Without 'innovative narratives', the crypto industry simply can't thrive.
4) Twitter CT is overflowing with a lot of FOMO-driven, sharp-tongued, or oppositional voices. This is really just a reflection of the poor secondary market conditions. Just take a look and have a laugh. When the day comes that the crypto industry faces a catastrophic decline, no one will be able to stand alone. As the saying goes, dear 'stock traders', please do respect the road you’ve traveled.
5) Those who have benefited or early OGs, some have retreated into the shadows, others are scheming behind the scenes, while some are still stubbornly preaching the gospel. This isn’t what’s scary; what’s terrifying is that most people choose to remain 'silent'. The cost of silence will inevitably lead to 'bad money driving out good', and the resulting erosion of 'consensus' is what could be most fatal for the industry.