The cryptocurrency world is like a huge maze, with the entrance flashing with neon signs of getting rich, while the exit is always shrouded in fog. Some find freedom here, some are lost in the abyss of leverage, while more simply stand outside the door, both eager to enter and fearful of the unknown.
The puzzle of wealth: The myth of getting rich and the curse of going to zero
In the cryptocurrency world, the flow of wealth is like a magic show. In 2010, someone used 10,000 bitcoins to buy two pizzas; ten years later, the same bitcoins were enough to buy a city. In 2021, Shiba Inu coin (SHIB) allowed early holders to achieve financial freedom, while the LUNA crash in 2022 caused countless people to see their assets drop to zero overnight.
Wealth here has no logic, only narratives. Bitcoin can be 'digital gold' or a 'Ponzi scheme'; Ethereum can carry the dream of a 'global computer' but can also be criticized as an 'aristocratic chain' due to high gas fees. The market is always looking for the next story, and wealth always flows to those who can tell the best stories.
The puzzle of humanity: the eternal game of greed and fear.
In a bull market, FOMO (fear of missing out) drives people to frantically increase their positions, even if the tokens have no value; in a bear market, panic selling causes Bitcoin to fall below miners' costs, yet no one dares to buy the dip. The '312' crash in 2020 saw Bitcoin halve in a day, with some cutting losses in despair while others hoarded in silence. Three years later, the latter became the winner.
The most expensive tuition in the crypto world is emotions. Those who can control greed and fear often live longer.
The puzzle of technology: innovation or bubble?
From ICO to DeFi, from NFT to RWA (real-world assets), every bull market is accompanied by the explosion of new concepts. Some have changed the industry, like Uniswap disrupting exchanges; others have faded quickly, like 'chain games' which almost disappeared after 2022.
Now, AI + blockchain, Bitcoin Layer 2, Meme coin revival... the market is always searching for new hotspots, but true technological revolutions often emerge in neglected bear markets.
The puzzle of the future: endpoint or new starting point?
After the Bitcoin ETF is approved, traditional capital begins to flood in. Some believe the crypto world is about to become 'compliant', while others worry this will kill the soul of decentralization.
However, the essence of the crypto world has never changed - it is a carnival of global liquidity, a testing ground for tech geeks, and a gambling table for ordinary people to cross class barriers.
Conclusion: Seeking answers in the puzzle.
There are no standard answers in the crypto world. Some become rich by luck, while others win long-term through knowledge. But the only certainty is: this market will not disappear; it will only continue to attract the next batch of adventurers in a new guise.
If you choose to participate, remember - in the crypto world, the biggest risk is not volatility, but blindly betting on what you don't understand.
