April 25, 2024 Grandpa checks in
CZ's case has touched the hearts of many people in the B-circle. It is reported that the judge recommended 36 months in prison. Before the final verdict on April 30, 161 relatives and friends of CZ submitted a petition to the judge. Among them, He Yi reviewed a series of things related to CZ and the B-circle, showing a side of CZ that few people know. CZ, once the richest Chinese and the undisputed leader of the B-circle, founded the BN trading platform, whose value and revenue-generating ability are comparable to those of high-tech companies in the United States. It provides convenient services to hundreds of millions of users and promotes the development of the B-circle with his own actions.
I have always said that the long-term optimism of crypto assets is not entirely due to the Bitcoin code itself, but the continuous building of talents and funds attracted by this mechanism. The same logic applies to the long-term optimism of Ethereum. With a prosperous ecosystem, high-quality innovation atmosphere, excellent engineering talents, etc., its value will continue to grow. The best example is BNB. A large part of CZ's efforts are reflected in BNB, but don't forget that the contributions of people like CZ and Vitalik are not just one or two tokens, but the entire B circle.
There are thousands of projects of all kinds in the B circle. People are used to being attracted by prices and ignore whether the value of the project itself is growing. There is nothing wrong with speculation itself, but if you blindly pursue short-term price increases, or even hope for a surge, it is a behavior with a very low winning rate and wastes the exponential growth space of the B circle. For example, it is wrong to talk about the pattern of copycat projects. They should be treated with a speculative mentality. Whether the intrinsic value of a project grows in the long run depends on whether someone is building it for a long time.
In terms of the market, short-term adjustments are needed. The big cake has a small retracement at this position, which means that the adjustment I mentioned has not yet been in place. In fact, neither the time nor the number of shocks have reached the standard of adjustment, so the market will be dominated by small shocks in the future. As for the next direction, further observation is needed. If it continues to weaken, it will step back to 60,000 again. It is highly likely that this support will not be broken. As long as it is not broken, it can continue to be bullish. To put it another way, if it really breaks, it will just find a bottom, and there is no need to worry about holding the spot.
Thank you for your attention and likes.