A few days ago, a friend spent 150,000 to buy 'Bitcoin Gold,' purchasing 1T (Note: the unit needs to be confirmed as '1 piece' or '10,000' etc.). He said he wanted to go all in, even planning to invest all his demolition compensation, and firmly believes these coins will be worth at least 100 million in the future.
He knows I have been in contact with cryptocurrencies, so he shared this 'wealth password' with me, actually hoping for my recognition.
He said the price of Bitcoin is already too high, and he missed the opportunity, believing that the future is the era of cryptocurrency and he can only rely on this to turn things around.
I didn't want to extinguish his enthusiasm, so I didn't directly say that the coin he bought is not good, but instead talked to him about how Bitcoin has survived numerous 'zeroing' predictions, what market tests it has gone through, how it built global consensus, and why other coins find it difficult to replicate this success. I also analyzed the current state of the cryptocurrency circle and what fields can still make money. We talked for about 20 minutes.
As a result, I clearly couldn't convince him—he still firmly believes that 'Bitcoin Gold' will eventually be great, even though he can't provide any supporting reasons for this belief. All I could do was tell him the normal logic of how things develop.
In the past cryptocurrency circle, after each Bitcoin halving, when a bull market came, it was common for altcoins to rise tenfold; but now, even making three times is difficult.
The value of cryptocurrencies comes from consensus: Bitcoin has long-term consensus, while some meme coins may only be fleeting trends. Projects like 'Bitcoin Gold,' which have not been filtered by the market and are forcefully marketed to outsiders, have extremely weak consensus. I can't find any reason to buy it.
Many people think that a coin is just a string of code, but its value is essentially the accumulation of market consensus—if more people recognize it, its value is high; if no one recognizes it, it is worthless.
"Bitcoin Gold" is hardly mentioned in mainstream communities, and I've never seen discussions in groups, indicating that its traffic and consensus base are nearly zero. Such a project is very unlikely to last until the market discovers its value, and the probability of holders making money is minimal.
This kind of 'consensus' driven by human hype is completely different from the consensus naturally filtered by market capital.
Making money in the current cryptocurrency circle is becoming increasingly difficult.
In the early years, understanding some trading techniques, buying low and selling high in Bitcoin was easy to double profits; now it seems that every time you buy, it drops, and every time you sell, it rises, as if the system is siphoning off chips—actually, it's the market makers who are harvesting the trading spread.
Nowadays, unless you master complex quantitative arbitrage techniques, it's difficult to earn even 0.x% every day. Essentially, this is a program harvesting retail investors who lack patience and understanding.
Currently, most people in the cryptocurrency circle choose to trade contracts and do short-term trading because the threshold is low, leading to an exceptionally crowded path, destined to be filled with cannon fodder.
There are very few people who can patiently hold onto coins for several years without moving; even those who invest regularly and earn 50% in a few months are rare.
The common problems of retail investors are: lack of patience, laziness, fear of trouble, dread of difficulty, aversion to losses, and fear of missing opportunities.
On the flip side, as long as you have patience, are willing to do what others find troublesome, and are not swayed by emotions, you can become one of the few winners; making money is just a matter of time.
I found that the options trading depth on Binance is very poor, while OKX is slightly better. As the "first in the universe," the insufficient depth of Binance options indicates that there are too few participants.
However, fewer players mean it is a blue ocean opportunity. Options are easy to learn but hard to master, and most tutorials on the market don't even mention volatility.
Someone told me that if you thoroughly understand 'options' and 'volatility,' you can surpass 99% of options players in the cryptocurrency circle.
I recommend that friends in the cryptocurrency circle focus on studying this; they will quickly create a gap. Sometimes it's not that your ability is insufficient, but that the track you chose is too competitive.
I recommend two books: (Learn Options in 3 Hours) and (Options and Volatility Pricing). You can learn the content of courses that others charge thousands for by spending just a few dozen yuan—wish you all success.
However, things that require long-term learning are destined for few people to persist. Just like regularly investing in coins, because few are willing to do it, competition is small, and this is the true blue ocean.
Today, a fan asked me: "Is it worth spending hundreds of thousands to learn airdrop projects?"
I believe that squeezing airdrops is essentially an information gap. There are many free tutorials available now, and once you master the basics, there's no threshold. Although squeezing airdrops has become extremely competitive, it is still suitable for those without capital but with time.
However, spending hundreds of thousands is definitely not worth it. If you spend a few thousand to twenty thousand to consult professionals and learn their management methods and detail optimizations, it might be worth considering. After all, the airdrop market is already a semi-red ocean.
Following Su Ge closely, using precise strategy analysis and investing millions in AI big data for strict selection, can you secure an unbeatable position? The market never lacks opportunities; the question is whether you can seize them. By following experienced and right people, we can earn more!
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