When Bitcoin hits a new high, the familiar taste returns

On December 31, 2024, the State Administration of Foreign Exchange issued new foreign exchange regulatory rules, requiring banks to conduct stricter monitoring and labeling of cryptocurrency transactions. This move marks a further tightening of cryptocurrency regulation by the Eastern power, aimed at further curbing potential financial risks.

It’s pretty much expected. Every bull market comes with some targeted events. There are pros and cons, I guess. Anyway, what I remember most deeply is when in 2014 or 2015, we were not allowed to trade gold, which led me to give up and trade futures instead. Later, when I got into cryptocurrencies, it was around 2017 or 2018, when there were also restrictions on IPO issuance, similar to today’s token issuance, where many people previously issued tokens. It indeed prevented a lot of people from being scammed.

After all these years of trading cryptocurrencies, it's become a profession for me. It's not easy to find a fair market to reflect my trading value, to earn money from a fair market, to earn from a global market. Please don’t destroy it. The crypto space is really tough.

There are many forex platforms, and I occasionally dabble in them, but I don’t dare to scale up the funds. U.S. stocks are even more troublesome. Only the crypto space seems relatively reliable. That’s why I chose this profession.

As for trading, I really like the trading rules and models in the crypto space! To quote Ding Yuanying, I just want to find that piece of pure land for my soul! Everyone needs to find their own pure land for the soul!

I will not give up!