Cryptocurrency Trends and Market Analysis
1. Controversial Events in the Crypto Community
Dispute between He Yi and CZ: Community users criticize Binance executives He Yi and CZ for damaging the atmosphere of the crypto community. He Yi responded on Twitter, saying that "nitpicking" is not a constructive behavior, and denied the claim that Binance has destroyed blockchain. The author believes that most of these critics are speculators rather than practitioners.
Interpretation of MEME Coin Slang:
"Nitpicking" refers to extracting vocabulary from celebrities' Twitter accounts as a gimmick for issuing coins, with different public chains having corresponding focus (e.g., BSC chain focuses on He Yi/CZ, Ethereum focuses on Vitalik).
"Pouring" is a term for offloading assets, describing the act of transferring assets to others.
2. Investment Risks in MEME Coins
Author's View: Retail investors are not advised to participate in MEME coin trading, as there are profit opportunities but the risks are extremely high. Key issues include judging the existence of market makers, identifying the sources of "smart money", and distinguishing between autonomous decision-making and following the trend in investments.
Industry Status: Exchanges must cater to market demand by listing popular MEME coins; this is a result of commercial competition rather than a moral choice.
3. Bitcoin Market Analysis
Recent Trends: Bitcoin has retraced 16% of its gains from the previous two months, and the market has shown characteristics of severe volatility. After the liquidation event on October 11, market liquidity primarily relies on contract liquidation (if long positions are excessive, the price drops; if short positions are excessive, the price rises).
Investment Recommendations:
Under the current market conditions, a 35% drop may be the limit, and prices starting with 8 are suitable for regular investments.
The U.S. Treasury's inclusion of Bitcoin in its strategic reserves is a long-term positive, but large funds primarily play a supportive role rather than driving short-term increases.
4. Summary of Industry Views
Critique of Token Economics: The author pointed out two years ago that the essence of token economics is circulation model design; truly valuable companies will not emphasize this concept.
ARK Investment Forecast: Cathie Wood predicts that gold will peak in 2026 and Bitcoin will follow an independent trend, but the author believes that her analysis is overly idealistic, and actual developments may be accompanied by bubbles and reshuffling.