The level of information circulation in the industry is very different from when you first entered the industry. Mainland China's policy to block cryptocurrencies has indirectly opened up Twitter as the core social channel in the currency circle. In the past, Weibo, WeChat, and Telegram/Twitter were closed circles. Twitter is unified. The flow of information becomes unimpeded, fast and effective.
The dividend spread of domestic and foreign information disappears. The business of the currency circle information comprador has become difficult to do. The media category is still mechanically moving and translating content.
Twitter lets information flow at the same time. Views become cheap. There is little insight. Even if there is, the distinction of information becomes difficult. Those with vested interests gradually recede and disappear, even if they speak out, they have reservations. Many choices take a backseat to manipulation.
Practitioners who struggled together at the same time have new goals and positioning for themselves after a round of bull market. The competitive state in the currency circle naturally fell from the first line to the second and third line. The aggressiveness is not what it used to be. After you sing, I will appear on stage. All you see are new people.
Do not make mistakes in grasping the three major patterns and directions of the public chain/L2/ZK. The speed of information circulation in the market is also reflected in the reasonable valuation of leading projects. Only under the downward trend of the market, leading projects can have the opportunity of valuation mismatch. Bottom Fishing like this are rare.
For APT/SUI/ OP/ARB/Zksync/Startnet in five years, it is not too much to give a valuation of 100 billion. After all, there was a previous SOL that made hundreds of billions of dollars at its peak. The valuations of these infrastructures are all within the predictable range. There are not many good bids, and there are very few bids that are willing to take long. Most people don't want to take it. Because the price is too expensive, rising too slowly. For the general direction and infrastructure construction, it is enough to make a good configuration, supplemented by timing and position adjustment.
However, revolutionary innovations and applications such as DeFi have not yet appeared. Compared with the above-mentioned infrastructure construction, these unknowns are completely unpredictable, and they are also the source of huge profits. Combining the two, both offensive and defensive.
The development of the currency circle is indeed a bit slow. When Chatgpt has greatly improved the work efficiency of human beings and may bring about a new technological revolution, people in the currency circle are still complacent about opening a masturbation studio for themselves, or are arguing about the AirDrop of several hundred dollars. . Either way, we need optimism.
The market structure has undergone tremendous changes, and the future market will make most people feel uncomfortable all the time. Don't expect to be able to copy to the bottom. Don't expect your operations to go your way, whether in the short term or in the long term. Confusion will be the norm. I don't understand what the market makes sense.
At present, it still tends to be a game in the field. There is no sign of new money flowing into the industry. People don't trust banks, let alone cryptocurrencies. However, the market has not lost its vitality because of this, hot spots continue, and new infrastructure constructions are continuously launched. And the enthusiastic operation of Degen players in this round of bear market is different from previous bear markets. Changes in the market structure and the deepening influence of the macro economy on the industry have made it impossible for the K-line of the market to follow the same cycle as the previous rounds.
Knowing where you stand is important. In this industry, do you want to make money from resources or from speculating on coins. Where is your core competence. Want to be in front of the stage or behind the scenes. Know your desires. Exactly how much do you want. Regarding making money, do you care about ethics. Know your ceiling.
Now how many cards are left for Leek. I personally think that it is the courage to stud without hesitation on the premise of having certain knowledge and accomplishment. Without knowledge, only stud, that is reckless. It is a kind of wisdom to have knowledge and stud. And knowledge requires learning and daily accumulation. And you have to deeply understand that as a retail investor, you have no advantage other than courage.
