The second layer consists of investment institutions like BlackRock and Grayscale.
The third layer consists of token issuance teams with funding and technology.
The fourth layer consists of miners, arbitrageurs, and C2C market makers.
The fifth layer consists of major players above A8.
The sixth layer consists of various opportunists in the crypto space, airdrops, and seasoned players in the primary market.
The seventh layer consists of traditional traders who transition from the futures market and stock market to the crypto space, primarily focusing on contracts with spot trading as a supplementary.
The eighth layer consists of ordinary people who see others making big profits in the crypto space and impulsively join.
The ninth layer consists of those who understand nothing, know nothing, and are pure novices who come in to give away money.
These nine layers basically cover the entire crypto space. You can see which layer you are in; within each layer, there are people who have become wealthy, and there are also others.
Those who have gone bankrupt directly (except for the first layer); the crypto space is this fair.
Why do people in the first layer only make profits without losses? I'll briefly explain how the whales in the first layer make money. Before every bull market starts, the token issuance teams approach the whales, creating hype around a new hot topic (defi, NFT, etc.), kicking off the bull market. The whales only need to stake their Bitcoin on the project, and then the project will skyrocket by hundreds or thousands of times, attracting a large wave of people from layer five. After they come in, the project team and the whales start to pay back the money of the rich, while the money from the novices is split 70/30, and the whales turn that money into Bitcoin.
BTC has started to rise again, thus beginning the prelude to the bull market. Just think about how this round of inscriptions, led by ordiR, and sats+ is played. Once Bitcoin rises by 3 to 5 times, the whales will exchange part of their Bitcoin for promising altcoins (basically, they pick altcoins that are in promising sectors), and the altcoins will start to rotate, generally ranging from 10 to 100 times. When the crazy bull market arrives, they will start to sell off, exchanging for USDT. When they sell off, the market will come to life, and they will buy the dips in batches, only buying Bitcoin, and in every bull market, their Bitcoin holdings increase.
Do I envy them? I definitely envy them, the separation of substance and shadow, but they deserve it. I heard about Bitcoin back in 2016, I didn't believe him at that time, thinking it was just a Ponzi scheme to scam money. Most of the whales went all in back in 2013. After going all in, they promoted it everywhere, like Amway. The development of Bitcoin has their contributions; they deserve the wealth they have now.
The point of sharing this is to tell everyone, regardless of how much money you have, ask yourself how much crypto do you own? Bitcoin!
