Two weeks have passed and I am thinking about what will happen next

This bull market and bear market are very different from the 20-24 year cycle

It is not like the big bull market in 20-21 (unlimited QE)

It is not like the bear market in 21-22 (industry leverage cleanup)

- Structured bull market: A small number of tokens may have market-making plans and funds, so they can rise; most projects have consumed funds and expectations in the past three years, and it is difficult to pull the market again (the standard is some public chains, DeFi and GameFi projects that were financed in the last round of bull-to-bear financing) Here I would like to praise manta, alt layer and other awesome project parties, the right time, right place and right people

- BTC ETF: Americans are not stupid, they only buy BTC; they have a low preference for copycats

- Exchange strategies are conservative under the regulatory background: there are very few attempts such as Binance on Spaceship and OKX on Shib, and there are basically no Ponzi projects that last for more than a month

High FDV and low circulation: This is the specialty of FTX and SBF. People and exchanges of this generation seem to be unable to handle it. New coins are supposed to be a good show in the bull market, but this time they are particularly rubbish, especially OKX new coins. Most of Binance's new coins can still be pulled up, but OKX new coins are all rubbish VC Chinese who only come to reduce their holdings

The biggest problem encountered by copycats: the last round of project owners and investors carried out dumping and reduction of holdings (because they were burning money to death), and a large number of VC projects are still waiting to be listed, so there may be a market after these projects are completed

At the same time, pay attention to high financing, recent financing, fast coin issuance projects and chain big dealers. These projects still have money, while others may have already bet everything on one throw

There will still be opportunities to buy new coins, but the winning rate will not be very high, so it is recommended to take a break
Avoid the so-called high-valuation VC coin issuance trend

As someone who almost committed suicide in the bear market, I have summarized a bear market survival guide: 1. Keep a lot of cash/interest to ensure your life 2. Be prepared to be unemployed at any time 3. Keep your hands off, especially quit contract trading 4. Research new projects every day, join communities/make friends with people who share the same interests, and establish connections with team members and other basic operations 5. Make friends with more young people, those born in the 2000s, 2005s, and even 2010s 6. Avoid the idea of ​​a quick victory in one battle, and don’t fall into the mentality of Wang Guo’s theory 7. Exchange space for time, and accumulate small victories into big ones Talk about more later

VCs are everywhere in the bear market, buying shares at low prices.
Each project is 10-1000 times.
That is, the current projects will fall by 90%, and then fall by 80%.
They all make money.
They say it is so difficult to do.
If you don’t make money, it’s locked.
The leeks believe it.
Continue to take over this magnificent bull market.
My idea is not to believe, not to buy, not to take.
Now all kinds of titles and big institutions are meaningless to me.
What xxx founder, various funds, how much financing.
Useless friends.
This is just like your seemingly awesome college classmates.
Won countless awards and top 0.1% results.
But so far,
The only thing they are worth talking about is how awesome their fathers are.
If hard work is useful, what’s the use of fortune-telling? ?

You can only buy
$BTC $ETH $SOL

The transaction volume of projects such as $W suddenly disappeared. Now the daily average is about 5 million. The contract transaction volume has also sunk to the bottom. From the SEC's investigation of Jump and the resignation of Jump's CEO... Jump's market making has a big problem... It has reached the point of withdrawing liquidity. Who will be the next one?

Why can't we make a lot of money?

Because we can't make a lot of money
So we can't make money
What does it mean?
Money is used to "earn"
It's not used to earn

Now we understand earning
We think of investing or working
That is, money makes money or pays labor

There is always a paragraph in Water Margin
Earn Lu Junyi to the mountain
In the Three Kingdoms, it is
Lu Bu earned the city gate and killed the generals in!

Britain from the Atlantic Ocean to the Indian Ocean
The United States from the East Coast to the West Coast
For hundreds of years, it has been earned by the country
The charity of capitalists now is also earned
Making a lot of money has a bit of this meaning

We always think we are whiskey. We always wait for people who understand us to taste it. In fact, we finally find that we are all ibuprofen. Those who come to us are all seriously ill.

What we have to do is very simple. Now we keep buying. Students from Ivy League schools are dropping out and going all in. Traditional funds are shouting that crypto is the future. Grandpas and aunties are telling the story of Bitcoin in person. Coinbase is on the top of the Apple Store. At that time, sell every coin in your hand to every outstanding MBA graduate from Peking University and Tsinghua University who is unwilling to be a slave. By the way, short the copycat positions held by the beauty institutions who spent 300,000 yuan on beauty treatments. Then drift away. In a KTV in a small fourth-tier county, you and your friends opened a bottle of 1982 Lafite to celebrate the beginning of your life of enjoying the future, feeling overwhelmed and doing nothing.

The law of the capital market

May is poor, June is desperate, July is a turnaround

September is golden, October is silver

Wait alone
Endure silently

Working hard at the wrong time is a thankless task. The harder you work, the more you fail. But it often takes a long time for people to realize that they are working hard at the wrong time. But the investment is already irreversible.

500,000 yuan can't buy a girlfriend or love
But you can find a rich and beautiful overseas student who will work for you for two years
Or you can find 10 pure college girls who will call you boss when you are a web3 interaction engineer intern
At worst, you can buy 10 nights of xx
But you can't buy anything

I counted the projects that were only listed on OKX but not on Binance. Except for runecoin, I don’t know about the others, but they are definitely Chinese projects. As long as you bought on the OKX secondary market, you have basically lost money at any time point until now because almost all of them are at new lows. This is the best bull market. I also sorted out the new coins on Binance. Let’s put it this way. It’s much better and there is money to be made. At least it gives everyone the opportunity to make money by gambling on the secondary market. However, these new coins on OKX really don’t give you any chance to escape. They are diving down every day. Why use the closing price on the first day? Because this is the true portrayal of most people. If you use the ATH time to calculate, that is, the time when the historical highest point of the coin price was born, I am a leek who cries even more because most of the new coins on OKX meet at the peak on the first day. The new coins on Binance basically have a wave of market trends afterwards.

I just finished watching the first season of Billions this weekend... I caught up a little late
But it's a good thing I watched it now so I didn't watch it for fun
Everything in the first season tells us a truth

What is the meaning of work, life, hooking up, running around, playing golf, attending concerts and drinking, having dinner, SM, and finding someone else's wife?

The meaning is to let you get more insider trading

Then the bull market gradually got better

Mainline
- BTC and BTC ecology
- SOL and SOL ecology
- New public chain/new protocol/innovative technology

Trap
- Any game project
- Ecological project of new public chain

Cheap (play early)

Reasonable chip allocation (buy more)
Simple and easy to understand logic (hold on)

The world is changing very fast

Only one month has passed
VT has bought a car that can accelerate from 0 to 100 km/h in only seven seconds
Pokee is drinking champagne in Singapore and overlooking the night view
Big Brother Moji has moved into a mansion in Los Angeles
Doodles' new property sold for millions of dollars and thanked God for his gift at church on Saturday
The Goblin team celebrated and bought a manor in Australia
Robby drove a Maybach and ate lobster
OKX's operations and BD continue to reply to the Tugou community and earn a year's salary
ZKasino eats hundreds of thousands of lido's interest every day
Doing the wildest Dubai periphery

Friends in the rights protection group
Filled with airdrop invitation links without any big hair
Spreading screenshots of the contract order community
People are counting on another
Group members who have lost so much that only online loans are left
To organize an effective counterattack
But so far they have not
See any formal legal documents

I have smelled the smell of Pinduoduo's cuts
Silently shut down everything

The voices in the Twitter space are fading away
Our future is in a fascinating mist
Reflecting the scattered and bizarre

Hooked is still almost interesting, but its popularity is catching up with the current stepn. If it is highly popular during the launch period, it will only catch up with the stepn that has been for more than half a year. The popularity is actually less than expected, but in a bear market, there is such traffic transaction volume and possibility The number of new user registrations is a very good project. No matter how fud this data is, it is much better than most blockchain projects.

Binance: Confident in the industry, expand recruitment OKX: Confident in the industry, expand recruitment FTX: Confident in the industry, spend money bybit: Lay off 30% of employees and then lay off 30%

I heard that someone used 3000U to kill 15 million U today and earned a small target of 30,000 yuan in 2 minutes... Binance punished the hacker but not the arbitrageur, and it seems that Binance did not block this account. It seems that many things are going on. One of the ways before the masses is individual heroism and miracles

Singapore is starting to be fooled. Temasek lost hundreds of millions of dollars by investing in FTX. GIC invested in genesis and it feels like it is almost gone. Behind the scenes, the Singapore government and its face are footing the bill. Well, the Americans screwed up and screwed Singaporeans. Token will be very popular after 2049. Under the big historical cycle of decline, in the small cycle, the tide rises and falls. Talented people emerge from generation to generation. In the end, everything is behind the trade off. You have what you have and you lose what you don’t deserve.

It seems that we are back in the middle or end of 2018. Buterin’s discussion of the governance function of governance tokens is very unreasonable. The boss of Rabbit Hole said that the crypto game cannot be sustained because there are not enough people. Everyone doubts that the tokens are ineffective, saying There are various reasons why token economics are unsustainable, and even airdrops are not a suitable marketing strategy.

All in all, a crypto world scam