My Encrypted 2023 Memories
1. At the beginning of the year, when the price of Bitcoin was 17,000, I had already bought all of BTC. I wrote about it on my Weibo at that time.
2. When the news about CFX’s cooperation with Xiaohongshu came out, I bought $1,000 at the 0.04 position.
3. ARB airdrop, received several numbers of airdrops
4. At the end of March, I spent several hundred dollars on Ordi to collect 10 Ordi cards, but I didn’t get them on the exchange, and I made several times the profit.
5. I spent half a year brushing zks, starknet, and L0. I lost too much money and occupied too much funds. Now I brush it once a month.
6. Regularly participate in Twitter ama every week, the free voice of the Binance community
7. I couldn’t help but play with the contract and play perennial. This is an on-chain derivative. There may be airdrops in the future, but I have already lost thousands of dollars. I hope the bull market airdrops can make up for my losses.
8. I added more than a dozen neon and discord accounts in 2021, and sold them all off-site for $100 per discord account.
9. I am still waiting for the adoption of the Bitcoin ETF and the Bitcoin halving. This is my current memory of 2023.

Cryptocurrency Sector Rotation:
Cryptocurrencies have cyclical sector rotations. Judging from the flow of funds, the cryptocurrency bull market is divided into 4 stages.

Phase One: Bitcoin skyrockets.
The inflow of funds from both inside and outside the circle caused Bitcoin to skyrocket. Subsequently, funds slowly flowed into Ethereum, but it was difficult to keep up.
Bitcoin's pace continued until an inflection point appeared, and Ethereum's increase began to exceed that of Bitcoin.
The second stage: Ethereum becomes the protagonist.
At this stage, the price performance of Ethereum exceeds that of Bitcoin, and the market is beginning to believe that the long-term price performance of Ethereum will exceed that of Bitcoin.
"Bitcoin". At the same time, funds began to slowly flow into mainstream currencies, and the top 20 mainstream currencies began to rise.
The third stage: mainstream currencies rise.
Ethereum outperformed Bitcoin, and the top 50 cryptocurrencies by market capitalization began to surge. Regardless of market capitalization, some new technologies with strong fundamentals
Altcoins are starting to become the focus of the market.
The fourth stage: altcoins are in chaos.
At this stage, many high-quality blue chip coins continue to break new highs. Mid-cap, low-cap, micro-cap cryptocurrencies all at the same time
Continuing to rise, it seems that every coin has surged regardless of fundamentals, and blue-chip coins have far outperformed Bitcoin and Ethereum.

The altcoin craze in 2013 1: The first is the success of Bitcoin 2: Everyone discovered that they can get rich by copying Bitcoin, such as Litecoin, Shark Coin, etc. 3: Hundreds and thousands of similar improved versions of Bitcoin projects have sprung up. Come 4: Some have skyrocketed dozens of times, and some have increased hundreds of times. 5: The wealth of project parties can be freely withdrawn by making money, and the wealth of large households can be withdrawn freely. 6; There are more and more projects, and there are too many different currencies. Funds cannot keep up. 7: The bubble bursts. Many fell by 90% and then fell by 90% again.
The ICO craze in 2017 1: The first is the success of Ethereum 2: Everyone discovered that copying Ethereum can make you rich, such as Quantum, Xiaoyi, etc. 3: Hundreds and thousands of similar improved public chain projects have sprung up. Come out 4: Some skyrocket by dozens of times, some hundreds of times 5: The wealth of project parties can be withdrawn freely, and the wealth of large households can be withdrawn freely 6; There are more and more projects, and there are too many different currencies. Funds cannot keep up. 7: The bubble bursts. Many fell by 90% and then fell by 90% again.
The defi boom in 2021 1: The first is the success of uniswap 2: Everyone discovered that copying uniswap can make you rich, such as sushi, 1inch, etc. 3: Hundreds and thousands of similar defi projects have sprung up 4: Some have skyrocketed Ten times, some hundreds of times5: The wealth of project parties can be freely withdrawn by making money, and the wealth of large households can be withdrawn freely6; There are more and more projects, and there are too many different currencies. Funds cannot keep up. 7: The bubble bursts. Many fell by 90% and then fell by 90% again.

Dogecoin craze from March to May 2021 1: The first is the success of Dogecoin. 2: Everyone found that you can get rich by copying Dogecoin, such as shib, pig, HTMoon, and tutu. 3: Hundreds of thousands of similar pet projects have sprung up. 4: Some have skyrocketed dozens of times, and some have been hundreds. Times, some tens of thousands times 5: The wealth of project parties can be freely withdrawn by making money, and the wealth of large households can be withdrawn freely 6; There are more and more projects, and there are too many different currencies. Money can’t keep up 7: The bubble bursts. Many fell by 90% and then fell by 90% again.

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