Today feels like an official review of the past year or so. It's truly emotional; time flies so fast. How much longer the bull market can last is hard to say publicly.
Overall, God is fair. If you're engaging in serious investment rather than speculation or gambling, whether your wallet is full or empty now basically validates the reliability of your investment framework.
99% of crypto projects are scams—this is not an exaggeration. Most people's situation is akin to finding beauty in ugliness.
In recent years, one of my other important assertions has been that the Chinese crypto community is dead, and I have detailed discussions and organized tweets on this topic. What has been the general situation during the past year or so of the bull market?
90% of Chinese crypto retail investors have likely lost everything because 90% of altcoins are at historical lows. The ETH ecosystem is also a major focus for Chinese retail investors. If you only bought ETH, you wouldn't lose too much. But if you invested in the L2 projects I repeatedly warned about before, you're probably losing big time. As for centralized gambling coins, they aren't even worth mentioning.
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