I have never been exposed to the cryptocurrency world before. In my opinion, this thing is a bubble economy. Sooner or later, all the money that goes into it will return to zero. The cryptocurrency world does not have any compulsory guarantees, and there is a lot of room for operation. As long as you enter, you can wait for a crash. This is what I think.
At this moment, I have been playing with coins for almost half a month. During this period, I have played with contracts. After playing around, I feel that as long as I don’t use leverage or contracts, I can still make a little profit. This is a big platform, this is an era of decentralization, and this is a relatively fair place for retail investors.
And after being in this business for so long, my assets have neither skyrocketed nor plummeted, which is totally different from what I expected. However, I noticed that most of my colleagues around me are also playing with coins, including the financial manager and leaders of several departments. When I shared this with other friends of mine, their thoughts were the same as I had at the beginning, but I tried my best to explain it but failed.
A friend of mine even argued with me that playing stocks is better than trading cryptocurrencies. Several other friends laughed and thought I was possessed. I explained to my friend that stock trading is based on stocks, while trading cryptocurrencies is based on cryptocurrencies. Both are valueless in themselves, but are given value. My friend told me that stocks are regulated by the China Securities Regulatory Commission. I laughed at the time. I replied to him that you are right, but what do you think of the A market? He doesn’t play stocks and doesn’t know what the market is like. The answer I gave was “ok”. I silently opened Binance to check my sats
But I wondered why many wealthy people want to make their children U.S. citizens. Don’t they worry about their children’s personal safety? Regardless of the safety over there, are these wealthy people stupid? In fact, this is still based on my own perception (my own thoughts without having been to the United States)
The reason why I wrote this article is mainly because I read an article about the country's encouragement of blockchain research a few years ago, and the recent 2023ccf also emphasized the promotion of the development of the metaverse and web3. I combined it with the recent application of Bitcoin ETFs in the United States and the fact that there are currently two compliant exchanges online in Hong Kong (I am in one of them), learned about the company's background, and then I told my friend that we could think of a business that we could develop on web3. This would be a hot spot, but people's perceptions are different.