On April 20, when Bitcoin completed its fourth halving at block height 840,000, it introduced the long-awaited Runes protocol. Proposed by Casey Rodarmor, founder of the Bitcoin Ordinals protocol, the protocol leverages the blockchain’s UTXO transaction model to facilitate the issuance of alternative cryptocurrencies in an efficient and easy-to-use manner. In addition, the OKX Web3 wallet promptly launched the rune self-developed market, providing users with a one-stop rune ecological experience, thereby promoting the activity of the entire ecosystem and user convenience.

Image source: 0xmonomi

Unlike the previous market, the current "Rune" hot projects mainly appear in the form of Bitcoin NFTs, which are characterized by the fairness of no pre-mining or pre-distribution. Although these small pictures of rune concepts are simple, they have attracted a lot of attention, especially as Runestone is about to be released and the Runes Protocol mainnet launch date approaches, the market heat continues to heat up. The technical details and market dynamics behind this will be crucial for investors, especially when assessing the risks associated with the official interpretation of the Ordinals protocol. Next, the article will further explore the impact and investment opportunities of the Runes protocol.

Binance founder Changpeng Zhao may be imprisoned for three years? A group of relatives and friends sent a letter asking for a lighter sentence

Due to suspicion of money laundering and violation of international sanctions regulations, Binance founder Changpeng Zhao (CZ) previously reached an agreement with the US authorities. Not only did he plead guilty and resign as CEO, he may also face a prison term.

According to "Reuters", U.S. prosecutors submitted documents to the court yesterday (24th), asking the judge to sentence Zhao Changpeng to three years in prison, exceeding the 18 months recommended by federal guidelines.

Prosecutors accused Zhao Changpeng of allowing criminals to act during his tenure and failing to proactively report more than 100,000 suspicious transactions, including terrorist crimes, child sexual abuse, etc. They believed that his laissez-faire had led to serious consequences and therefore his sentence should be increased.

Is giving away money via airdrop good marketing?

In the world of blockchain games, token economy has always been a hot topic. With the advent of the bull market, many projects have chosen to use the fastest and most intuitive way - airdrops to attract Web3 users.​

However, a recent survey shows that although game studios use airdrops and various incentives to attract players, these marketing methods ultimately cannot save a game that lacks excellent game content.​

Illuvium founder Kieran Warwick pointed out in an interview that airdrops are indeed a way to gain market attention, but even if a project has a well-designed token economy as a marketing tool, if it is not supported by good game content, user retention will be difficult. The rate will still be very low.

The most popular regulatory approach internationally - criticizing Bitcoin

The rise of Bitcoin and other cryptocurrencies has become a focus of financial regulators around the world in recent years. The regulatory strategies of most countries and regions seem to have one thing in common: public criticism of Bitcoin. From the United States to Europe to Asia, many officials and financial institutions have cast a skeptical eye on Bitcoin and its peers, questioning their value, security and impact on the economy.

ECB official: Bitcoin has failed to fulfill its promise of becoming a global decentralized digital currency

Although the SEC (U.S. Securities and Exchange Commission) has delayed applications for spot Ethereum ETFs in recent weeks and is expected to lean toward rejection, Grayscale and BlackRock have updated their spot Ethereum ETF applications.

Grayscale filed an S-3 registration statement with the SEC on April 23. The application symbolizes the latest progress in Grayscale’s intention to convert the existing Grayscale Ethereum Trust into a spot ETF.

Grayscale calls this filing "another key document" along with NYSE Arca's earlier Form 19b-4 filing.

Grayscale also filed an S-1 registration statement for a mini-Ethereum ETF, which corresponds to its proposed mini-bitcoin ETF. The SEC has not yet approved the two mini-ETFs.

The iron-clad bull market and the flowing public chain. In every bull market, there are a number of public chains that "lead the trend", and at the same time, there are also a number of public chains that completely "disappeared into dust" as the bull market ended. As the most important encryption infrastructure, the public chain has undoubtedly the highest market value and market share. It carries the expectations of a large number of investors and projects. For public chains that lack user stickiness, it seems that the only way to keep updating their narrative is to maintain their own Only by improving brand exposure can we try our best to stay on the main stage of the new bull market.

AI is the hot track that attracts the most attention and is the easiest to get out of the circle today. PANews observed that some star public chains in the first two rounds of bull markets have not regained their luster in this round of bull market, and AI has become a new narrative for established public chains. In this article, PANews takes stock of the narrative combination of 7 established public chains and AI. However, overall, even when combined with AI, the established public chains seem to show less energy and determination, and are on the borderline between being popular and being serious. Swing up.

The former First Lady of the United States launches the "Integration of Virtual and Real" necklace

The trading volume of NFTs launched by former US President Donald Trump, who was recently involved in the "hush money case" of election fraud, continues to decrease. But Melania, the former first lady of the United States. Melania Trump seems not to give up on her family's "NFT business" and recently launched a "virtual and real integrated necklace" to celebrate the upcoming Mother's Day.

The customized virtual and real integrated necklace launched by Melania costs US$245. Users can purchase it through a wallet that supports the Solana chain. When getting the necklace, they can also get a corresponding digital collection NFT.

"Bitcoin breaks through the all-time high of US$70,000. How to make money in the Web3 bull market?"

"Buy real estate in Dubai, enjoy your life and make money"

At the Hong Kong Web3 Carnival in early April and the just-concluded Dubai Token 2049 exhibition, one of the most popular booths was a brand new name: HouseLux.

An eye-catching poster has tempting words written on it: #USDASSET#8-12% Rental Yiel#TaxFre#GoldenVisa#Stable, Safe and Neutral". Such an eye-catching slogan attracted people to stop and stop. .

It is understood that this unique innovative project HouseLux.com is leveraging mature network models and blockchain RWA technology innovation to create a one-stop Dubai real estate investment management platform focusing on the new generation of investors.

Big anti-fan Peter Schiff blasted "Bitcoin failed"

Gold bull Peter Schiff, who has been known to be bearish on Bitcoin in the past, recently jumped out again to warn that Bitcoin may be facing serious risks.​

"Crypto City" previously reported that on the day of the halving on April 20, Bitcoin's on-chain transaction fees once exceeded US$200. Peter Schiff seized the opportunity and sprayed Bitcoin hard, and also tweeted The article stated that Bitcoin failed and could not become a digital currency.​

The cost soared after the runes were cast! Big anti-fan Peter Schiff sprayed "Bitcoin failed", what is the reason?

Bitcoin’s over 6.3 billion magnesium option will expire this Friday, is big volatility coming?

It’s the end of the month again, and the options market will usher in a wave of deliveries! According to "The Block", data from the well-known cryptocurrency derivatives exchange Deribit shows that options contracts worth US$9.4 billion will expire for delivery this Friday, including:

Bitcoin Options: Valued at $6.35 billion, current short/long ratio rises to 0.68, maximum pain point at $61,000.

Source: Deribit

Ethereum Options: Valued at $3.08 billion, current short/long ratio of 0.49, maximum pain point at $3,100.

我們將探討山寨幣目前的發行情況以及對市場的影響。這個週期中存在一種趨勢，大量新的代幣以高 FDV、空投模式推出，隨後是 VC 手中的代幣大量解鎖。

加密資產具有反身性，那麼這種趨勢下市場會發生什麼呢？

反身性：關於反饋迴路的偉大思想

反身性最初由 George Soros 提出的一種理論，他認為預期和經濟基本面之間的正反饋循環可能導致價格趨勢大幅且持續地偏離均衡價格。比特幣一直以強反身性為特徵。比特幣的正向週期可能會持續很長一段時間，然而，比特幣的負向週期卻因其長度和深度而臭名昭著。

Cryptonary 認為，在分析市場走勢和運作方式時，必須記住，市場反身性的概念違背了傳統智慧。理論上，市場總是在尋求平衡，所有參與者都是理性的人，他們根據事實做出決策。泡沫、投降事件和繁榮與蕭條週期都是異常市場波動的例子；價格最終會恢復到平衡狀態。價格與建立這種平衡的因素毫無關係。

另一方面，在市場反身性中，每個人都根據自己對現實的理解做出判斷，價格確實會影響市場的基本面。你可以看到這種情況：如果定價影響基本面，那麼價格變化也必須影響基本面，進而影響投資者預期，投資者根據這些修正後的預期採取行動，反過來影響價格。繁榮蕭條週期是由市場反身性的正反饋引起的，因為從眾行為強化了價格變化，這使得價格越來越遠離現實，最終成為新的現實。

價格應該趨向於均衡，但由於市場的反射性，價格經常會在很長一段時間內超過或低於均衡水平。只有當市場參與者意識到他們對市場的看法不再基於現實時，價格才會開始轉向；這種情況通常發生在價格超出或低於合理水平很久之後。

圖源：ROUTE 2 FI

如你所見，反身性是雙向的，拋向空中的球最終會落回地面。

如果比特幣在短時間內大幅上漲，那麼其價格在最初波動後還會上漲一段時間，這幾乎是肯定的。從另一個角度來看，這也成立。加密貨幣市場仍處於起步階段，因此「更容易」出現大幅價格波動。

圖源：ROUTE 2 FI

上圖完美描述了反身性。我想你現在對這個概念已經有了很好的理解。

現在，讓我們來具體看看山寨幣，以及隨著大量新代幣的推出，整個市場將會發生什麼變化。

新的優質代幣推出是有利的

我之前寫過關於加密貨幣的供需問題，但這裡還是稍微重復一下。

市值：流通供應量 X 價格

完全稀釋估值（FDV）：所有代幣（包括未發行的代幣）X 價格

這對於理解 VC／天使遊戲非常重要。

大多數加密貨幣公司通過 SAFT（未來代幣簡單協議）從投資者那裡籌集資金。在股票市場中，SAFT 可以比作未來股權簡單協議（SAFE），它允許初創公司投資者在滿足特定條件的情況下在未來某個時間點將其現金投資轉換為股權。

為了說明典型的 SAFT 交易是什麼樣的，我們來舉一個簡單的例子。

代幣名稱：Yolo Coin

FDV：1 億

歸屬條件：TGE 10%，然後是 1 年鎖定，此後 3 年線性歸屬

TGE 時的流通供應量：12%（部分通過空投）

Yolo Coin 在經過大量炒作後正式推出，FDV 現已達到 10 億（對於種子投資者而言是 10 倍收益）。投資者很高興，因為他們可以以盈虧平衡的價格出售，而且他們仍有 90% 的已分配代幣，這些代幣將在 36 個月內（​​1 年鎖定期後）逐步解鎖。

但是等等？為什麼 VC 的鎖定期這麼長？簡而言之，這是為了確保長期對齊，這樣它就不會被轉嫁到 TGE 上。

讓我們看看為什麼這是有問題的：

由於投資者的代幣被鎖定很長時間，這意味著當他們最終開始解鎖時，市場將面臨持續的拋售壓力。請看下圖。

圖源：ROUTE 2 FI

假設 Yolo Coin 的初始價格為 1 美元（投資者價格 = 0.10 美元）。發行時市場上的供應量為 12%，但我們知道，隨著代幣逐漸解鎖，越來越多的供應量將進入市場。這導致供應增加。

但問題是：需求在哪裡？誰會購買 VC 拋售的代幣？

你可能會爭辯說，由於敘事 X、Y 和 Z，價格將上漲，DeFi 協議中的 TVL 增加，看漲事件等，這可能會持續一段時間。但在某些時候，供應將超過需求，我們將因大規模通貨膨脹而開始面臨螺旋式下降。

早期買家將會陷入困境，從而導致社區的看跌情緒，協議中的 TVL 降低，開發人員（如果有的話）離開去尋找更好的領域，團隊成員退出等。

Thor Hartvigsen 對此進行了很好的總結：「市場將無法吸收所有額外的流動性，以及獲得空投者的想要兌現，而不是『質押以換取未來更多的空投」。到目前為止，這個週期最大的變化是資金被分散。我們習慣於認為山寨幣會一起上漲。現在可能有 300 個不錯的項目，但沒有足夠的流動性讓它們全部上漲。

我們經常聽到關於山寨幣熱潮的消息，但這次我認為情況會有所不同。我們習慣於聽到這樣的說法：只要時機一到，所有代幣都會上漲。但這是真的嗎？

請記住，如今市場上「實用性」代幣比 2021 年多得多。現在每周都會有 3-5 種「優質」代幣進入市場。總市值上漲，每個人似乎都很高興。但問問自己，誰會購買所有這些代幣。除非機構或散戶大批湧入，否則這將只是一場 PvP 遊戲。

兩週前的一個例子是 Wormhole 空投，剛推出時它的 FDV 超過 100 億美元。現在問問自己為什麼要擁有它。除了純粹的投機角度，我看不出有任何其他原因。自推出以來，W 代幣價格已下跌 40%，FDV 為 60 億。

正如 Cobie 所說：「市值是衡量需求的標準，而 FDV 是衡量供應的標準。」這意味著市值是公眾需求的總價值，它會隨著價格走勢而上升和下降。如果價格上漲，市值和 FDV 一同增加，但當代幣解鎖時市值也會增加。

我們來看看 Pendle。如今每個人都喜歡 Pendle，其 TVL 因積分耕種和 EigenLayer 敘事而大幅增加。

圖源：ROUTE 2 FIPendle 市值：6.4 億美元，FDV：17 億美元

另外，請注意，Pendle 總量 2.58 億個代幣中有 9,500 萬個正在流通（37%）。隨著代幣價格上漲，市值也會上升。但是，市值上升並不意味著對這些鎖定代幣的需求會增加。要解釋原因，請從投資者的角度考慮。我知道有人以不到 10 美分的價格購買了 Pendle。現在的價格超過 6 美元。你真的認為解鎖代幣的投資者會在意價格是 6 美元還是 7 美元嗎？不，所以他們拋售了。結果是：供應增加了，但需求不變。（我沒有檢查 Pendle 的解鎖時間表，也不知道人們投資時的 FDV，只是做了一些假設來解釋供需）。

高 FDV 代幣是否令人恐懼？並不總是如此，一個很好的例子是 2023 年 11 月推出的 $TIA 。$TIA 目前 FDV 高達 120 億美元，但由於鎖定代幣直到 2024 年秋季才會上市，因此情況看起來並不那麼糟糕 ，但部分交易者可能會被高 FDV 嚇到。

有關此內容的更多信息，請參閱 Cobie 的文章：請點此

好的，但回到之前問題：需求在哪裡，換句話說，買家在哪裡？

現在每週都有新的「優質」項目推出，它們的 FDV 都很高。這意味著無數的供應湧入市場，除非有新買家進來，否則這些代幣必定會下跌（至少長期來看）。

散戶已經來了，他們持有 Meme 幣和 Solana 上的山寨幣。他們不購買花哨的 VC 技術代幣。他們從 2021 年的經驗中吸取了教訓。長期來看，無需許可的代幣上市和貪財的 VC 對個人代幣持有者非常不利。每年都會有上百個新代幣推出，現有的代幣不斷被稀釋。

現在是 2024 年 4 月，流入山寨幣的資金似乎更加有選擇性，不足以抵消大規模代幣解鎖。

有解決辦法嗎？

我們已經知道低浮動代幣模型不友好。但我們能解決這個問題嗎？

顯然，問題很大一部分在於啓動的項目數量。並非每個人都能購買所有這些項目。但更線性的解鎖計劃和追溯空投可能是明智的（與 Arbitrum 相反）：想想正在進行兩輪空投的 Ethena 和 ether.fi。也許恢復 ICO 會有所幫助，這將創造更多忠實的粉絲。

從這裡返回：

我認為，當 BTC.D 趨勢走低且山寨幣可以自由流通時，將會有少數山寨幣大幅上漲。目前加密貨幣領域的參與者比上一個週期更多，但人們現在更聰明瞭。我們將像過去 6 個月一樣經歷輪換，盲目看漲代幣可能是一場失敗的遊戲。

根據 Thiccy 的數據，每天有價值 2.5 億美元的山寨幣供應量從新代幣和解鎖的舊代幣進入市場。由於向上的反射性（正反饋循環），這些代幣中大多數都沒有被立即出售，因為市場在上漲（惜售心理）。這就是為什麼我們在 4 月份看到了大量拋售，市場只是需要先有一個理由（戰爭）。

到 2024 年，代幣解鎖、新代幣進入市場、現有代幣的質押獎勵已導致山寨幣每日供應量增加 2.5 億美元。由於新代幣的發行數量，FDV 的增長速度超過了流通量，年初至今增加了約 70%。FDV 與流通供應量之間的差價（代表未來將有多少供應量進入市場）年初至今已增加超過 1,500 億美元。隨著流入主流代幣的資金放緩，每日山寨幣供應量的權重變得越來越明顯。

無論如何，由於不斷有新的代幣推出，新的供應量進入市場，山寨幣的總市值正在穩步增加。

圖源：ROUTE 2 FI

上面的例子是一些高市值／FDV 代幣。看看 Worldcoin：市值 10 億美元，但 FDV 達到了 640 億美元。這意味著什麼？

這意味著 Worldcoin 未來將有穩定的市場供應。2024 年 7 月，他們將開始瘋狂拋售，每天有 600 萬枚 $WLD 代幣進入市場。作為參考，目前市場上有 1.81 億枚 $WLD 代幣……

圖源：ROUTE 2 FI

顯而易見，這是極其危險的。

通過基本的供需曲線，我們很容易看出，當這些供應湧入市場時，$WLD 價格很難上漲。

誰會每天購買 600 萬 $WLD 代幣？

這對於牛市意味著什麼？

如果比特幣和以太幣一直上漲，情況可能不會太糟糕。但在熊市條件下，我們會看到可怕的情況發生。

不過，我喜歡 Anteater 做多強勢貨幣、做空弱勢貨幣的方法。這是一種對衝策略，不像 Ethena 那樣對衝 delta 中性。在牛市中進行對衝聽起來很奇怪，但在上升的路上，會有幾個下跌趨勢。它並不是一條通往頂峰的直線。

此外，最近 CT 上的幾篇帖子說這個週期已經過去了 70%。誰知道呢，所以請根據自己的承受能力來決定風險大小。

我認為大多數新的 VC 幣（高 FDV 幣）最終都會大幅下跌。你可以在對敲交易或對衝策略中利用這一點。

弱勢代幣的例子可能是 $STRK、$APE、$BOME、$ADA、$CRV 和 $XRP。或者，如果山寨幣總體表現優異，則將這些弱勢山寨幣與強勢山寨幣結合起來。目前強勢的山寨幣有 $ENA、$TON、$FTM、$PENDLE 。然而，由於市場勢頭變化萬千，因此不建議做多／做空這些代幣。

Memecoin 的優點在於它們實際上是少數幾個誠實的代幣之一。$WIF、$PEPE、$DOGE、$POPCAT，流通量和總供應量相同。沒有人會按照瘋狂的解鎖計劃來向你傾銷，這只是玩家與玩家之間的較量。

最後，以下是加密貨幣交易員 Wazz 的一些話：

我認為他的論點很有道理。太多的山寨幣、太多的項目，以及太多的解鎖代幣將在未來衝擊市場。

如果比特幣的價格在短時間內大幅上漲，那麼在最初的上漲之後，價格幾乎肯定會在一段時間內繼續上漲。反之亦然。加密貨幣市場的低流動性意味著價格「更容易」大幅上漲和下跌。

【免責聲明】市場有風險，投資需謹慎。本文不構成投資建議，使用者應考慮本文的任何意見、觀點或結論是否符合其特定狀況。據此投資，責任自負。

本文經授權轉載自：《Foresight News》

原文作者：ROUTE 2 FI

編譯：Luffy，Foresight News

Binance is hit hard by regulation again! The Philippine and Canadian authorities have taken action

"CryptoCity" previously reported that Binance, the world's largest cryptocurrency exchange, was sued by the U.S. Securities and Exchange Commission (SEC) last year for violating securities laws and money laundering regulations. Binance eventually pleaded guilty and paid a fine, and founder Changpeng Zhao (CZ) He resigned and was replaced by Richard Teng, who has rich regulatory experience.

Binance Changpeng Zhao pleads guilty and resigns! He Yi spoke out and emphasized "2 things", and Taiwanese Internet celebrity Nao Ge also spoke out

However, as global encryption regulations tighten, Binance is facing a regulatory blow from some countries.

What the crypto market ushered in before the Bitcoin halving was not a carnival, but an "asset halving". The decline of most altcoins even cut in half from their recent highs, and then cut in half again, causing countless investors to suffer heavy losses.

Geopolitical conflicts, coupled with the postponement and reduced number of expected interest rate cuts, have made liquidity in the crypto industry tense. Some institutions are unwilling to stand under the wall and wait and see what happens. Altcoins have borne the brunt, falling again and again. After Bitcoin officially completed its halving, the market selling force gradually weakened and market sentiment began to return to normal.

Source: Azuma

On the evening of April 23, Binance officially announced that the liquidity re-pledge protocol Renzo ($REZ) will become the 53rd phase of the platform’s new currency mining project.

Starting from 8:00 on April 24th, Taipei time, users can invest $BNB and $FDUSD into Launchpool to receive $REZ rewards. $REZ mining will last for a total of 6 days. The Launchpool website will be updated before the mining activity opens.

After the Launchpool ends, Binance will list Renzo ($REZ) at 20:00 Taipei time on April 30, and open the REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY trading markets, $REZ Seed tag trading rules will apply.

Cryptocurrency investment is booming

Did you know that nearly 1 billion people around the world have directly invested in or used cryptocurrencies?​

In recent years, when talking about the so-called "invest", the answers I hear are no longer only traditional financial products such as stocks, funds, bonds, etc., but the proportion of investment in cryptocurrency (Cryptocurrency) is also Gradually improve.​

Since the advent of the first Bitcoin (BTC), the currency circle has now become a battleground for many traders, analysts, institutions, and retail investors. While more and more people are investing, cryptocurrency is relatively The high entry threshold makes it easy for many novices to fall into misunderstandings, and many people even try to enter this dark forest without doing any research in the hope of getting rich overnight. ).

Digital asset investment products had a net outflow of 206 million magnesium last week, a slight outflow for two consecutive weeks

Institutional digital asset investment products (ETF/ETP) funds further slightly outflowed! The latest weekly report from digital asset management company CoinShares pointed out that the net outflow of digital asset investment products last week was US$206 million, which was higher than the US$126 million last week.

CoinShares analyst James Butterfill noted that cryptocurrency ETP trading volume fell slightly to $18 billion. The volume has slipped to just 28% of total Bitcoin trading volume (which is still rising), from 55% a month ago.

Every crypto bull market tends to follow the same pattern: 99% of people either lose everything or simply leave the market at breakeven, failing to take profits in time. This happens because the crypto market is largely dominated by emotions such as fear, greed, and FOMO.

Many people can tell you when to buy, but no one can tell you when to sell. Crypto researcher ardizor summarizes strategies on how to sell at the highest price. While it's impossible to accurately predict every move, you can gain a deeper understanding of market structure and rules, helping to ensure profits and close positions at the optimal time.

Analysts talk about past Bitcoin halving cycles: Accelerated surges usually occur after halving

Bitcoin officially completed its fourth halving on April 20, and has risen from its weekly low to above $66,000 in recent days. Will the so-called post-halving bull market repeat itself?

Analyst Rekt Capital recently pointed out that the Bitcoin bull cycle has entered a critical area (orange circle in the figure below), which is the midpoint of the halving cycle. According to the performance of past halving cycles, big bulls that rise rapidly usually appear after halving.

However, this halving cycle is very different from the past, that is, Bitcoin has already exceeded the previous high before the halving. However, Rekt Capital believes that the longer Bitcoin consolidates between $60,000 and $70,000, the more likely it is to be in sync with the previous cycle. He predicts that the high of this bull market will occur in October 2025 after synchronization.

Shocking cryptocurrency robbery in Chiayi

A virtual currency interview turned into a bloody robbery and murder? On the 10th of this month, a 25-year-old man surnamed Chen who lives in Kaohsiung carried 2 million yuan in cash to the redistricting area of ​​Huzi Nei, Chiayi City in the early morning, and traded the cryptocurrency Tether ($USDT) with the man surnamed Lou and others.​

Unexpectedly, the other party had no intention of giving him any money. Instead, he attacked him in the street. He not only sprayed him with pepper spray and beat him, but also took away the cash he was carrying.​

Unwilling to be robbed, Chen Nan chased after the gangster and lay on the hood of the car in an attempt to prevent the gangsters from escaping. However, the gangster did not intend to slow down. Eventually, Chen Nan was thrown by the gangster at the intersection of Humei 3rd Road and Jianjianjiang 9th Road. On the road, he suffered severe injuries to his head and body. He was first sent to the Chiayi Branch of the Rong Zong Hospital in Taichung, and then transferred to Chiayi Chang Gung Memorial Hospital. After two craniotomy surgeries, he unfortunately died a day later.​

Some of you think you are the masters of the universe now because you bought Solana for less than $10 and sold it for $200. Others did the smart thing and sold fiat for crypto during the 2021-2023 bear market, only to reduce their positions as prices soared in the first quarter of this year. If you trade junk coins for Bitcoin, you get a pass. Bitcoin is the most difficult currency ever created.​

Bull markets don't come around often; it's a travesty when you make the right decisions but don't maximize your profit potential. Too many of us try to engage in bullish reasoning. As long as the bull market continues, they will buy, hold, and buy again.