This title is also the answer to the question I have been thinking about these days. After thinking about it, although it may offend some people, I still post it.
There is a popular meme in the market these days: Bitcoin is rising so much? Is it going to be listed on Binance? Although it is a meme, it reveals the current situation of the market. It seems that listing MEME on Binance has become the only way to make money in the cryptocurrency circle.
After reaching its peak in March, Bitcoin has been fluctuating sideways for 8 months, shaking out countless friends. The entire cryptocurrency circle is like a stagnant pool of water, and the copycats have trapped batches of brave bargain hunters.
The main problems are: 1. The water has not arrived, 2. There is no increase, and 3. There is no endogenous narrative.
Now, 1. the water is gradually coming, 2. the increase of Bitcoin is fully reflected in the ETF; but the 3. point, is the endogenous narrative of the currency circle MEME?
Bitcoin brought about a non-sovereign currency to counter the unlimited issuance of fiat currency, Ethereum brought about smart contracts, and even EOS at that time was under the banner of Blockchain 3.0.
What does MEME bring? On-chain PVP? 10x gold dog every day, 100x big gold dog? Then when we build to the outside world, we can proudly tell them: "Come on, start beating dogs, there are opportunities to get rich every day!" Does it sound a bit stupid?
On the surface, it seems that MEME has revolutionized VC, just like how GME exploded the big short on Wall Street.
The victory of retail investors! It sounds exciting, but if there is no capital pusher behind it, will there still be a victory for retail investors?
Behind extreme PVP is the game and self-satisfaction of existing funds. If it is really the "so-called MEME super cycle", then in the next round not far away, or perhaps this round, the only thing left in the currency circle may be Bitcoin. At that time, it is highly likely that Bitcoin has nothing to do with the currency circle. It may sink to become a U.S. stock, or perhaps it will continue to fulfill its great mission of fighting against legal currency, but there will only be Bitcoin.
The MEME super cycle will eventually complete its mission, which is to drive out good money with bad money and revolutionize the entire currency circle.
Value coins can tell stories, but MEME is as direct as a casino. You just bet money and bet on the size. This is too direct. It directly tears off the disguise and loses the beauty.
Funds may temporarily abandon beauty in pursuit of pleasure, but when the climax subsides, things with beauty, connotation and stories are the long-term solution.
A few questions:
1. How difficult is it to get started with on-chain PVP? Is this the entry point for incremental coin growth?
2. If the trend is on the chain, is it just a way of beating the chain?
3. Do people really make money playing MEME? Or are there just a handful of people using survivor bias stories of getting rich quickly to stir up people's emotions?
Capital is not doing evil, it is just pursuing profit.
On the technical level, it has been confirmed that Bitcoin has entered a new round of upward trend.
Perhaps many blockchain builders have been working hard and innovating silently in the corner; it’s just that their voices are too small and are temporarily drowned out by the colorful MEME wealth.
Does the cryptocurrency world still have a future?
#BTC冲破9万 #美国CPI公布后降息预期上升 #BTC连续破新高，你看到多少？ #PNUT走高 #币安获CCData最高评级
