Bai Ye: Good afternoon, everyone!
Thanks for the invitation. I’d like to share briefly in the group.
Considering the reading continuity, please try to avoid speaking and asking questions during the sharing period. If you have any questions, you can discuss them after the end. Thank you!
Let me introduce myself, my name is Ye. I entered this circle in 2017 and have experienced two rounds of bull and bear markets.
I'm not an experienced person, I can only say that I've seen and stepped into many pitfalls, so I have more experience and intuition, that's all.
What is the topic of today’s sharing? Pepe and BRC20.
These two actually refer to the same thing. Let me explain it slowly.
In the last bull market, a phenomenal meme coin, shib, emerged. It came out of nowhere and shocked everyone. It not only threw the entire founding team off the bus, but also put Vitalik Buterin in the air.
The incredible increase is breathtaking, and it still has a market value of billions of dollars in the bear market. Have you ever wondered why? And on what basis?
Let's look at another special case that has emerged recently, pepe. The stock price increased by thousands of times in just a few days. After a slight sideways movement, it began to rise violently all the way. In less than half a month, the market value was close to 500 million US dollars.
Everyone should know that pepe has no applications, no special gameplay, no NFT, 0 tax, it is just a subordinate meme, nothing more. So where does its rising power come from?
The popularity of memecoins is related to only one thing - the fight for the right to speak in the profit space that belongs to retail investors.
In the grand narrative of the circle in recent years, exchanges and project parties have jointly swallowed up almost all the profit space around the centralized construction of the Ethereum system, eating it up completely.
Either leave some residue for retail investors, or even retail investors exist just to take over.
Do you think it is easy to double your money on ETH now? It is not easy, right? It requires repeated efforts.
Is it easy to make some money on NFT? It’s not easy, right?
There are so many projects, but only a few are top-tier. Your chances of winning are no different from a lottery.
The development of emerging markets is bound to be accompanied by the opening of a large amount of profit space, but the probability of retail investors making excess profits is getting lower and lower, which shows that the overall profit space for retail investors has been severely compressed.
So who took it? Naturally, the project owners and exchange platforms. Not only did they eat up all the valuation space, but they also tried every means to dump coins into the market for real money.
Selling piles of air coins, air governance coins, and air garbage coins to retail investors.
Therefore, Pepe’s meme is actually an uprising of the collective emotions of retail investors and a struggle for the right to speak on profits.
If there is no profit margin, we will create it ourselves; if there is no wealth-creating effect, we will dig it out ourselves.
Putting aside PE valuation, project revenue, and the project party's empty promises, there is no need to worry about any changes in the project party's policies and what impact they will have on the currency price.
There is only Internet meme culture, only emotional catharsis, only viral spread, and only mindless buying and stacking.
Memes are one of the concrete manifestations of the enduring Internet culture, and they will also become a container for the valuation of meme coins.
Through such collectively resonating meme mobilization, wealth can be created while at the same time being transferred and accumulated.
This wealth accumulation process will siphon liquidity from a large number of altcoins, and even absorb and liquidate existing NFT liquidity.
Another benefit is the introduction of fresh blood and funds from outside the circle.
Therefore, it is highly likely that Pepe will overturn the market value of Shib. If there is more FOMO, it is not impossible for it to be on par with Doge.
It was chosen by the intense flow of emotions. It’s not so fancy. If it works, it works, and if it doesn’t, it doesn’t. In short, go to hell with your VCPE. If you dare to buy it, you dare to pull it.
The new king of memes is here!
It is the only one among thousands of shitcoins, the one chosen by the group.
By the way, let’s mention NFT.
After Cryptopunks was acquired by Yugalab, Yugalab made a statement similar to the following:
The intellectual property rights of cryptopunks belong to our company. You only buy pictures authorized by the company. That's all.
This is the inevitable result of the centralized narrative - the property rights are not yours, you only have the right to use it.
You spent seven figures to buy a small picture, but you don’t even have full ownership?! What’s the difference between the picture you have and the small picture I downloaded casually?
Eat it all, without even any soup, brothers!
And Pepe is clearing the NFT market by absorbing and digesting the liquidity from the NFT market.
A few things to know about meme coins:
1. Only look at the leading
2. The king of memes emerges from shitcoins and is unique within a cycle
3. The valuation ceiling will be opened by market sentiment
Let’s talk about BRC20.
BRC20 is very primitive and has no smart contracts. Before the unisat market is opened, it can only be traded through offline OT.
Compared with the overall ecosystem of erc20, it is completely rough and crude. Isn’t this a step backward in history?
But why does it attract so much attention?
The original purpose of BCR20 is to embody a fair distribution mechanism, which puts retail investors, project parties, and exchanges on the same starting line.
The distribution of profits from the development of emerging markets is favorable to retail investors, making it easier for individuals to generate wealth effects and attract more traffic.
So it is natural that it is sought after and received attention.
All the opinions expressed today also point to a few key words: fairness, opportunity, and benefits. If there is still geek spirit in this circle, it will definitely take root and grow leaves in the Bitcoin ecosystem.
A larger Bitcoin ecosystem will be developed in the next few years. Thank you everyone.
The above sharing does not constitute investment advice, nor is it a call for orders. All coins that are pushed up will eventually trap people, so invest carefully and make your own decisions at your own risk.
The above sharing does not constitute investment advice, nor is it a call for orders. All coins that are pushed up will eventually trap people, so invest carefully and make your own decisions at your own risk.
The above sharing does not constitute investment advice, nor is it a call for orders. All coins that are pushed up will eventually trap people, so invest carefully and make your own decisions at your own risk.
The above sharing was excerpted by Lu Jiangnan Sam in the BRC20 discussion group. Thanks to Bai Cai for the invitation and Bai Ye for sharing!
After a day of research, we decided that other than the ORDI faucet, the BRC-20 is not suitable for purchase.
Today I studied Bitcoinapes, who currently has the highest trading volume of NFT on Bitcoin! This is how he does it!
If you go to the Bitcoinapes official website, you will see that they have arranged all 10,000 monkey pictures of Ethereum in full HD order!
2. When you select a picture and click it, you will see whether it has been engraved by others before you! Of course, for some pictures you can see 1) 2) 3) 4)
This proves that this picture was engraved by people in order, and the result is that only the first person's picture was the first to be uploaded to the chain, and only his 1) was the picture included in "Bitcoin Bored Ape". The ones after that were invalid or had no value. This is the rule of the game.
3. All my pictures are gone a month ago.
You can also say: mint, but that is actually the name on eth
Bitcoin is called: inscription. This is called inscription! It is called casting!
4·ok! Yuga Labs publicly boycotted a few days ago! Two Bitcoin NFT markets that I call "centralized" were forced to be removed from the shelves!
But there are still two that I can call "decentralized Bitcoin NFT markets"! They are ordswap.io and another one :) I closed the page
5. Do you know that I have actually been studying Bitcoinapes for 7 days, but I have not been able to find any good news to participate in. What is the reason?
Because most of Bitcoinapes' discussions are only in his discord! Second, when you enter discord, everything is in English, right? So you have to download what I said yesterday! Download the translation software! The translation software that automatically displays Twitter|discord| and automatically changes to English! It's called tampermonkey! Then install a script in it: it can automatically convert Chinese + English! You can look down on everything! Whatever the latest project is in English, I follow all of them now!
6. I hope you can make money through your research in the next opportunity! This includes several abilities:
The ability to read English + the ability to follow a Twitter celebrity "A Ta"'s website and other celebrities of "A Ta" + the ability to find tutorials on youtube when you don't understand + the ability to be grateful to those who have helped you and help them promote you so that they can bring you into high-end groups + the ability to ask these KOLs if you have any questions = you will eventually get the cheapest chips in the early stage + at a very low gas fee + in a blue ocean time and space with few competitors, that is, a good time + yes! At the critical moment, you must rush home no matter how far away you are to open your computer = you have made a lot of money in the crypto field.
7. Come on! Thank you for following me. KK Club Primary Market Researcher Lu Jiangnan Sam I think:
I will share my investment research methodology with you in the article one by one, and explain it clearly every time! Thank you for your support!
