In the early days, large narratives such as the 'Decentralization Revolution' and 'Financial Freedom' quickly attracted a large number of retail investors, but now these narratives have become outdated. The market is becoming more rational, and users are beginning to examine the actual value and application scenarios of projects.
Change in Investor Structure
The number of retail investors is decreasing, while the proportion of institutional and professional investors is increasing, leading to reduced market volatility and explosive potential. The influence of narratives is gradually being replaced by fundamentals and data-driven insights.
Increased Regulation, Higher Project Thresholds
Governments around the world are tightening regulations on cryptocurrencies, limiting speculative behavior. Both projects and users are moving towards compliance, reducing the space for 'barbaric growth'.
Why not decentralize and disrupt traditional finance? Why not DEFI? Why not NFT? Why not GameFi? Why not DAO? Why not inscriptions? Why not AI? Why not DEPIN? Why not RWA? Why not L1/L2/L3? Why not MEME? Why not government reserves?
Those who want to make money in the crypto world need to seize the time, as it gets scarcer and the volatility decreases. Now, it's even worse than Hong Kong stocks. At some point in the future, policies may tighten, and the withdrawal and deposit processes will become stricter, or even prohibited.
Since 2016, each cycle has shown less volatility than the last.
In the past, there were stories to tell in each cycle, but now the stories can't be spun anymore. 😂
Every four years, the number of people trading cryptocurrencies and the funds involved are halved.
Those who want to make money in the crypto world need to act quickly; as time goes on, opportunities become scarcer and volatility decreases, making it even worse than Hong Kong stocks. At some point in the future, policies may tighten, making withdrawals and deposits increasingly strict, or even prohibiting them.
Since 2016, each cycle has been less volatile than the last.
In the past, each cycle had stories about the stock market, but now the stories can't be told anymore. 😂
Every 4 years, the number of people trading cryptocurrencies and the funds decrease by half.
The biggest expectation for the cryptocurrency market right now is the approval of ETF staking................
So what if it gets staked? It's still just short-term benefits from policies and capital, with no changes in the fundamentals.
If Tesla, Apple, Xiaomi, and Tencent did not produce any products or services and only told you stories, would you believe they would continue to thrive and rise in value?
It's just common sense!
As of today, what have BTC, ETH, SOL, and SUI done to serve users? They only provide gambling services for gamblers.
All concepts in the crypto world have gone quiet, even the memes have gone quiet. From now on, there will be no more concepts, and some of the concepts proposed can only deceive the poor fools; it's all just pure speculation left, which is fine. Let cryptocurrency speculation become pure again.
The myth of public chains has been shattered. Some public chains can still survive, but there will be no public chains that will thrive and excite anymore.
The myth of public chains has shattered. Some public chains can still survive, but no public chain will ever return to prosperity or be exciting again.
The best and freest way to trade cryptocurrencies and stocks is to obtain an identity from certain regions, where there is no capital gains tax, and dividends are taxable.
Tony predicts that China will legislate virtual currency within a year. Trading cryptocurrencies in the market is allowed, but issuing coins, and exchanging fiat currency and virtual currency is illegal and will lead to imprisonment.
I believe it is just a matter of time; the government will not always turn a blind eye.