“I just woke up... I opened my eyes and saw that everything has gone up again. Atom is 4000, eths is almost 9000, Lightning Network TT is 3100, BRC420 blue box is 2700, and ORDI is 50.” After greeting the GM, group members began to share the new prices of their positions one by one.

These Tickers, which were once looked down upon by the old investors, have made the old investors who are used to VC narratives and value layouts feel deeply regretful. It feels like déjà vu, just like the days at the zoo. It is really out of the circle, and it is really uncomfortable.

Bitcoin sector still leads the gains

Yesterday morning, Bitcoin returned to above $40,000. After 578 days, the cryptocurrency world has waited too long for this day.

Under the influence of multiple factors such as the continuous inflow of institutional funds, the expectation of Bitcoin spot ETF and the settlement between Binance and regulators, the price of Bitcoin is testing upward and showing signs of breaking through 42,000. In 2023, the price of Bitcoin has risen by 139.9%, which is a good proof that the bull market is not a moment, but a state, and we have already been in this state.

The day after Bitcoin re-reached $40,000, the Bitcoin ecosystem took the lead and saw an overall rise.

As the first brc20 token of Ordinals, ORDI broke through $54 this morning, with a 24-hour increase of 36.28%. ORDI, which was less than $30 at the weekend, almost doubled in two days.

In addition, the governance token BSSB of the Bitcoin-based cross-chain DeFi protocol BitStable rose to $1.9444, up 105.27% in 24 hours. The ERC20 and BRC20 cross-chain protocol MultiBit token MUBI rose to $0.05466, up 41.01% in 24 hours. The Bitcoin Layer2 network Stacks token STX briefly broke through $1.20, up 38.42% in 24 hours.

Obviously, after a brief cooling, the Bitcoin Ordinals inscription market has recovered. Yesterday, the trading volume of mainstream platforms has risen to about 15.94 million US dollars, an increase of more than 200% compared with the recent low of 4.94 million US dollars on November 26.

The huge wealth-creating effect made the old investors who missed out on opportunities sigh with envy: "It's a matter of time and fate to get rich quickly," and quickly asked: "Brother, where is the next Ordi?"

There are only old people who miss the opportunity, but no newcomers

"Can you still get on board now?" This is the slogan of every bull market.

In this bull market, only TIA and SOL are considered good projects in the eyes of old investors, with good teams, good VCs, Binance listings, and hype expectations. All the memes in the Bitcoin ecosystem are completely unexpected.

Since its birth in March, prejudice has been closely associated with the Bitcoin ecosystem, but it seems that it has never given up convincing everyone: "If you are biased, let the Bitcoin ecosystem grow until you have no prejudice."

A screenshot circulated in the Bitcoin ecosystem today shows some real people who used to say Ordinals were dead. @LeonidasNFT, an early participant in the Bitcoin ecosystem, said on his social media: "These people missed out on participating in an ecosystem that grew from nothing to $3 billion in less than a year."

"The college student next door, junior year, 70 atoms, 50 eths", this story has been circulating in the community in the past few days. According to the current price, the assets of this college student next door have reached 700,000 US dollars.

The old guys will just say it’s too high, but the new guys will let you charge.

This may be the biggest difference between new and old investors. Novice investors are often brave and fearless, full of curiosity about the market. However, experienced investors, after experiencing the ups and downs and tests of the market, gradually develop respect and awe for the market. They are more cautious, especially after experiencing the volatility of the bear market, and often withdraw quickly after a small profit.

Therefore, when a new ecosystem emerges, there are often only old investors who miss out, but no new investors. This is also why new investors often have a novice protection period.

Let go of your prejudice and embrace the 20,000-fold increase

The NextDAO community is one of the earliest and most popular communities discussing the Bitcoin ecosystem.

Shep, a core contributor to the NextDAO community, recounted in the Sea Talk podcast how they first came to notice Ordinals by chance in February.

“I don’t remember how I started paying attention to it at the beginning, but when I saw Ordinals, I thought it was something new, so I should pay attention to it and play with it first. There is a saying in the cryptocurrency circle that it is better to speculate on new things than old ones. As long as something new comes out, it is always a good idea to pay attention to it first.”

As a programmer, Shep agrees that BRC-20 has no technical content. It can be said that it is a very inefficient way to issue coins, unlike Ethereum's smart contracts, which are more elegant. At that time, many people in the community were not optimistic about it because it was too primitive and felt like a step backwards, like returning to the old way of keeping accounts with paper money.

“But for me, I think it’s a very creative idea. Issuing coins on Bitcoin has been tried before, but this is probably the largest attempt to really arouse community consensus or community attention. At that time, the entire Ordinals community had actually paid attention to this.”

Everyone was discussing the BRC-20 coin issuance in their WeChat groups. The NextDAO community saw it first and went in to play. "I couldn't play until one or two in the middle of the night. I was too tired. I was very tired. There was no proxy service at that time, so I could only play one by one. I played more than 20 cards and went to sleep. There was a friend in our group who seemed to have played more than 60 cards in one day and one night without sleeping." Shep said.

The cost of printing an ORDI (1000 coins) is between 2 and 3 US dollars. Based on the current price of 50 US dollars per ORDI, the current price of one ORDI is 50,000 US dollars. Ten months later, if it has not been sold, it is a 20,000-fold increase in investment based on the current price.

Keep a normal mind and keep curious. When you think back to the day that changed your life, it was a normal day.