Today is the first day back to work after the holiday. Sister Xiao still has to wait another two days before she can officially start. For those of us in blockchain, the working hours are actually quite flexible, but 'flexibility' does not mean easy. The cryptocurrency market operates 24/7, especially with some crazy market trends that sometimes pop up at two or three in the morning, making it impossible for you to rest well. You think you can relax, but when you wake up, there's a wave of major market movements, and it just happens to be those new projects that only go live at 8-10 PM, which adds a lot of pressure. The pace during a bull market is even faster, always busy, and there's no time to slack off.
To be honest, I am now a full-time investor. I thank myself for deciding to go 'all in' on cryptocurrency early on; otherwise, seeing those who have made a fortune now is quite admirable. However, I sometimes wonder, if I had continued to delve into traditional industries or started my own business, could I have also carved out a niche? This is a reflection I have. After all, many of the post-2000s generation have directly jumped into the cryptocurrency space, which has its advantages for young people: their costs are low, and they can bear greater risks. But to be honest, speculation and investment are actually hard to distinguish. Those who can stay in an industry for five to eight years basically have a consensus on experience and accumulation. So, never underestimate the accumulation over these years in the cryptocurrency space, especially when you start having capital to pursue this path.
Speaking of the recent surge of BSC, to put it bluntly, it is no different in essence from the previous English meme speculation of SOL. It is still the same model of traffic + speculation, and the eventual outcome is basically everyone watching the 'bubble burst'. In the short term, this wave of Chinese meme speculation on BSC has indeed attracted a large influx of funds, also pushing up the price of BNB quite a bit. However, in the long term, this kind of speculative market cannot last. Currently, there are actually very few sectors that can bring real commercial value. Hot topics like GameFi, the Metaverse, and NFTs from back then all eventually turned into 'bubbles', right? Speculation isn't entirely wrong; after all, the boundary between investment and speculation isn't that clear. As long as you can make money, that's fine. But to be honest, I personally find this kind of market that looks purely speculative and lacks any 'investment' flavor quite unappealing. After all, I believe investment should be deep and meaningful, not merely to earn short-term money for hot topics or a wave of operations.
From a market perspective, the meme popularity of BSC has pushed up the price of BNB, but the prices of other major assets are declining. To some extent, this is like silently expressing opposition to this unhealthy market. I mentioned before that this kind of speculative market will likely last 1-2 weeks. Once the mainstream assets in the market attract funds again, the overall market will start to warm up a bit. However, at present, the market has not seen the next hot topic, and the direction of the entire cryptocurrency space is still quite vague. Everyone is still hoping for a healthy rise in the market; only in this way can we welcome a true 'bull market', rather than a series of short-term speculations.
In short, speculation is possible, but one must have a clear mind. The further you go on the cryptocurrency path, the more you must understand these rules. The money that can be made is not all the money that can be made; choosing a method that suits you is the most important.
Thank you all for your attention and support!
