投机：涨了就跑，跌了就割，赚了是命好，亏了要认命，投机就是赌一把，靠运靠运靠势赚钱。
投资：好标的加好价格，长期持有，拉长时间看都是底部。
怎么区分投资和投机？严格一点的话，币圈只有btc是投资，其他都是投机，这个应该好记。
但很多人会把这两者搞混，比如在meme搞投资，亏了找人骂。

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Speculation: Run when it rises, cut losses when it falls, making money is luck, losing money is fate, speculation is a gamble, making money by relying on luck and momentum.
Investment: Good targets at good prices, hold long-term, looking over a longer time, everything is at the bottom.
How to distinguish between investment and speculation? Strictly speaking, in the crypto market, only BTC is an investment, and everything else is speculation, which should be easy to remember.
But many people confuse these two, such as investing in MEME, and then blaming others when they lose money.

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

In the final months of 2025, a bearish atmosphere began to spread.

Bitcoin plummeted from its high of $120,000, ETF inflows ceased, various cryptocurrencies diverged in performance, and Memecoin, which had once ignited market sentiment, became largely ignored. Compared to the end of 2021, there were no sudden regulatory crackdowns this time, and apart from the massive crash of October 11th, there didn't seem to be a serious liquidity crisis, yet something still felt off.

If the crypto world in 2025 was a recalibration of true and false value, will 2026 be better for crypto?

This article...

No price surge, no memes: As crypto moves into the real world, will 2026 be the year of "on-chain Wall Street"?

币圈只有btc是投资，其他都是投机

In the crypto, only BTC is an investment, the others are all speculation