I had a deep chat with an offline friend in Changsha who was A9 for a whole day. He was once A9, but now he has been demoted to A8 because his 10 million U assets were exposed on 519.

We met for tea at 2 pm yesterday, took a walk after a working lunch at 7 pm, and continued to drink tea and talk from 8 pm to 11 pm. Today, the team leader specially wrote a summary of the communication.

To sum up the cryptocurrency world in the past two to three years, it can be summed up in one word: difficult! ! ! !

Before he was invited to participate in 2049, he was considering the cost of air tickets and hotels. Is it necessary to go? It will cost at least 30,000 R. I smiled and said it shouldn’t be! ! ! He also answered: It’s not a matter of money, it’s a change of concept and age.

He said that the past two years have been tough for everyone and no one has made any money.

First, let’s look at the project party issuing the currency. The main problem is that the big exchanges cannot list it, and the small exchanges dare not list it. They are afraid of losing the brand and being questioned, and they cannot explain the community trust that they have accumulated with great difficulty.

The difficulty of the exchange is very obvious. The transaction volume cannot be increased, and no income can be generated. The traffic is also constantly divided. The winner-takes-all brand makes it impossible for small exchanges to survive. If you want to spend money to attract traffic, they are all Mao Party studios. Even if you give benefits, you can't retain the transaction volume. The traffic is not as good as Taobao and Pinduoduo in China before. They still retain people to continue to consume. Survival is extremely difficult. My friend said directly that if this situation continues by the end of this year, many small exchanges will run away. The captain also agrees with this point. This is not to scare or create anxiety.

It is difficult for investment institutions. If they invest, they will lose money. If they don’t invest, they will have no chance. If there are good projects, they only want your resources and not your money, so you can’t invest. If there are bad projects, they only want your money and you dare not invest. You live in fear of eating up all your resources.

It is difficult for retail investors. Retail investors are at the bottom of the cryptocurrency circle. The entire kingdom is in dire straits. What else can they do? They use their living expenses to subsidize the cryptocurrency price, but they still keep their dreams. They shed tears and swear to make 1 million and hold on.

The people who are doing a little better are KOLs, but the market is not cooperating, and the KOL community is getting smaller and smaller, but there are more and more disputes. There are still many people who want to refund their membership fees, and many people who cannot get their principal back because of the failed project promotion. Fortunately, the captain has never set up a WeChat group. . I am not a KOL, and I have never promoted any projects. Don’t take the projects that are randomly sprayed on Binance Square seriously. We are all adults. But don’t worry about the captain’s hard life. I have my own main business, and I also maintain a technical team to do development, and I have been doing low-yield hedging strategies.

A small number of people are dedicated to making rebates. They established channels in the early stage, which others once looked down upon. My friend said that the person who had the greatest impact on him in 2049 was a rebate person, who made an average of 300,000 U per month, and 800,000 U per month from October to April last year. The conclusion is to do things that are continuous and have cumulative benefits.

Another way to live a better life is to work as a strategy quantitative institution. The captain has always been involved.

A9 still has the cognition that matches A9. The whole communication content is very comprehensive. I also found that he has a super ability and super vigorous energy. Basketball and reading are compulsory courses. He is not addicted to alcohol and sex. He rarely communicates with people offline. The people he communicates with offline are basically his family and basketball friends (the captain also likes basketball very much). He habitually solves all work problems online. In his opinion, it is not work that needs to be entertained, but human relationships, which is too tiring and exhausting.

Because I benefited a lot, I was very happy to spend an hour writing. I shared it with my teammates. I hope my teammates can also benefit from it.

Today I made a small change in my position, switching from a portion of my Ethereum assets to BNB assets $BNB

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