I have been playing in the cryptocurrency industry for eight years, and I have experienced too much. Looking back on the past, it is simply an accelerated version of the bloody evolution history: 2017, the era of picking up money, was also the era of my first bucket of gold. The cryptocurrency industry was just beginning to belong to the barbaric, courage driven, and magical era. The slogan of the blockchain revolution resounds throughout the sky, that is, an individual can launch an ICO by publishing a white paper. You don't need to understand the technology, just have the courage to throw money into projects that you don't understand, and you can enjoy the craziness of doubling in a day. This is the largest incremental market, full of gold rush dreams and new leeks, making money depends on FOMO! 2021: It is also a relatively easy time to make money, and at this time, one's assets have been flipping again and again! Institutional entry, narrative driven, DeFi，NFT、 The metaverse... grand narratives come one after another. As long as you believe in Bitcoin, digital gold, and the story of Ethereum's global settlement layer, and grasp the leader, you can become rich in the torrent of institutional liquidity. This is a shining moment for long-term believers, with a clear track and narrative as king. 2024-2025: Personally, I think it will be difficult to make money, and there will be no more imitations in Shanzhai. Relying solely on the ability to identify track trends to make money, driven by information. In the depths of the bear market, the narrative begins to spiral inward. AI+Crypto, Layer2, RWA (Real World Assets), Memecoin... Hotspots quickly switch and have extremely poor sustainability. One second, I was still immersed in the story of a certain application chain, and the next second, all the funds ran down to rush for Tugou Coin. The key to profitability lies in the extreme sensitivity to industry dynamics, technological advancements, and community sentiment, as well as the agility to run after speculation. And next, only alpha hunters who are proficient in PVP can make money. In the game of Purgatory, zero sum game, the current cryptocurrency circle has completely become a arena for top hunters. Incremental depletion: In addition to the temporary liquidity brought by ETFs, most of the time it is the stock funds that mutually pocket various assets. Information speed homogenization: Twitter and Discord make any Alpha turn Beta within minutes. Your opponents are scientists and quantitative robots who are spread all over the world and work tirelessly 24 hours a day. Tool dimension reduction strike: Just looking at the candlestick is no longer enough. The ones who can make money are experts who can analyze on chain data, use scripts to whitelist, deploy sniper bots, and even deploy contracts themselves. Here, making money no longer comes from faith, but from being smarter, faster, and more ruthless than other players. Be proficient in emotional cycles, build warehouses when the market is in despair, and ship during the FOMO of the entire population; Be good at using leverage, but also have extreme risk control, otherwise one black swan will be completely eliminated. The future cryptocurrency circle will be a comprehensive PVP of cognition, tools, mentality, and resources. Either become a hunter proficient in all weapons, or you can only become a nutrient for others.