In the cryptocurrency space, there are early and late entrants. However, many people have bad habits; how many do you have?
The cryptocurrency space is complex, enter with caution.
Carving a boat to seek a sword.
The cryptocurrency market has cycles, which is a widely acknowledged view in the industry. However, the cycles and the processes within them yield different results based on solving problems. It is absolutely not a method of carving a boat to summarize each evolution process. Cognition is very important, and summarization is crucial. We shouldn't think of jumping into a pit for a while. We must timely jump out and have the awareness to summarize and not fall into the pit again. The past bull and bear market transitions have had different evolutionary results. In 2017, Wu Jihan's team raised the issue that Bitcoin's transaction speed was too slow, affecting the trading experience. Thus, a fork coin called BCH emerged in 2017, leading to many fork coins during the 2017-2019 cycle, such as BCD, BSV, and BCHABC. The name of Bitcoin Cash alone has changed several times. Moreover, there was ETH's ICO and private equity. Ultimately, the issues ended in 2019 when LTC migrated the Segregated Witness technology into BTC to solve the transaction delay problem. Why not mention events from 2014 or earlier? Because they are not representative. So we won’t discuss them. Now, what was the starting point of the bull market from 2020 to 2021? DeFi staking mining, because the threshold for Bitcoin mining is too high, requiring enormous costs from capital investment to equipment development and operational input. Hence, DeFi staking mining emerged. In this process, market speculation gave rise to a wave of animal coins, with Dogecoin being a typical representative due to a statement by Musk. Whether it was genuinely said or not, no one knows. However, the result was a variety of animal coins came out. This year? If you are still shouting that Dogecoin will rise, you are just carving a boat to seek a sword. The four bull and bear market transitions are never the same. If you still enter the bull market with the mindset of the last cycle’s animal coins, the outcome is self-evident.

Trump is a very smart person, and the decisions he makes must have corresponding relationships. With such a high debt ratio in the United States and under the conditions of a global financial crisis, it seems that only Bitcoin can address the fundamental issues of the crisis. Do you remember the Bitcoin white paper after the 2008 subprime mortgage crisis? The design of Bitcoin was meant to respond to the global financial crisis. Currently, it seems that other countries are accepting and supporting the role of Bitcoin, apart from our own country. Foreign trade settlements are using Bitcoin. The United States is also preparing to reserve Bitcoin, and that small country has already solved some of its national problems.

I have been thinking about a question recently. If there is no blockchain concept, will the current artificial intelligence appear? How did artificial intelligence become popular? Tesla's assisted driving appeared a long time ago, but the experience of assisted driving at that time was definitely not very good. It can only be said to be new. What is the basis of big data training? Data precipitation, what kind of data precipitation can be used for training. Standardized templates can be used to build templates for artificial intelligence. Platforms like Zhihu can be used for training. The data collection standard is actually the standard established by the blockchain. It is logical and quantitative, and the comparison of variables can appear. People are divided into different levels, and time can also divide people. There are two genders, but many psychological genders have appeared in this society since its emergence. Looks like a woman but is actually a man. The formation of various variables has created the current society. The digital transformation of the world has begun. Whether it is the current Russian-Ukrainian war or the current new energy, they are all moving in this direction. We should realize how to make our own wealth in digitalization. The current construction of artificial intelligence is to replace more labor. If you don't learn some things in the crypto circle, will you be unemployed in the future? How many jobs will enterprises and institutions in the future provide for you.

Since the beginning of mining, I have been studying the changes in computing power. Initially, there were only three companies in the market for Bitcoin mining machines that were very prominent: Bitmain, Jianan Yunzhi, and Yibang International. In 2017, the total global computing power was only 4 EH, which had increased to 59 EH by 2019. By the time of the halving in 2020, it had reached 159 EH, and in 2021 it directly entered 389 EH. This year, it peaked at around 850 EH. Therefore, corresponding price changes allow us to draw conclusions easily. In 2017, it was 120,000 RMB, while in 2021, it directly reached over 60,000 USD. Now, in 2024, it is nearly entering 100,000 USD. What about Litecoin? In 2019, after the halving, the highest computing power was 670 T, and as of last month in 2023, it stabilized at 1 P. In recent days, it has directly increased to 1.5 P. The most popular recent mining machine updates are for LTC miners, and the delivery cycle starts this month. There will be a large number of mining machines coming online every month. How many times does the computing power need to grow? This kind of growth represents the speed of difficulty increase. Currently, the growth rate of Bitcoin difficulty will not see too much increase. When the volume of computing power doubles, the price will double. Currently, LTC's computing power has already increased by 50%. The recent increase in computing power will see a huge change. We will wait and see.

A divergence in the market is about to appear, and a situation where it moves in the opposite direction from the main line Bitcoin will soon occur. I am a ten-year veteran miner. What I see is different from what many others see; starting next month, there will be a large and stable online opportunity for Litecoin mining. The increase in computing power will be very significant. What changes will a large delivery of equipment bring? With the difficulty increasing, computing power rising, and the number of mined coins decreasing, the price will rise rapidly. This is the logic of stable upward movement. Proof of Work (PoW) has always been the main line of this industry. Every excess is an update and iteration. The sales of Litecoin mining machines this time will far exceed that of Bitcoin mining machines. Therefore, the potential for Litecoin to rise significantly this year to next year is huge. Moreover, it will restore Litecoin's price after the last halving. Everyone is watching closely. Eye-catching changes in the market will soon appear.

Now does not represent the future; there may be some factors at play that make the dog coin grow faster at present. However, fundamentally speaking, a culture of tipping cannot have too high of an explosion. Comparatively, why do many people not buy Bitcoin? Because Bitcoin is too expensive. Why do many people like dog coin? Because the hype around dog coin is currently high, thanks to Musk's endorsements. Did Musk really say those things? We need to put a big question mark on that. The market is a space that creates bubbles. Returning to substantive things means removing the bubble. Why not mine dog coin and send Litecoin? Why is it mining Litecoin that sends dog coin? Which one do you favor more? One is an infinitely inflationary dog coin with extremely high transaction fees. The other has 84 million coins, and as of today, there are still over 10 million left. The computing power is still continuously growing; last year, there was already a reduction, but dog coin did not reduce. This indicates that the higher dog coin grows, the more bubbles there are, and the larger the space for a downturn. If Litecoin continues to go down this year, what kind of state will it reach? The latest equipment, a 17g miner, produces only 0.04 Litecoin; isn't that pitifully low? What about Bitcoin's principle? If a 100t device can mine one Bitcoin in a day, could Bitcoin still be at its current price? The essence of Bitcoin mining is chip operation. What is the essence? Is it somewhat of a false proposition that the electricity cost exceeds the product cost? Both are years-old currencies, but the transaction fees are indeed low! Litecoin. No worries, everyone should try using dog coin to make a transfer and see how high the transaction fees are, which determines that its value and price will not be greatly highlighted. The tipping culture is about rewards; you can't possibly tip with trillions of assets, right? Many people say dog coin has increased five times and could go up to 50 times; I think that's just wishful thinking. Which one do you favor more? Share your views. I have been in this industry for ten years as an old miner. I have operated many mining farms, including many large-scale ones with operational teams that I personally assembled. As of today, I still have many people in my overseas team. Moreover, I have a good understanding of data analysis.

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