These days, I've been thinking. It can be seen that the development of blockchain technology is becoming more and more complicated, and it is becoming more and more difficult for ordinary people to understand. It goes far beyond the so-called concepts of uniqueness, non-tampering, anonymity and so on. These concepts are the underlying logic of the blockchain, and now these logics can even be said by the stall owner.

Looking back at the bull market of 16, the concepts of ico, fork coin, anonymous coin and public chain are easy to understand. Due to the small market, few institutions pay attention to it. Just send a coin and you can go to heaven, such as Litecoin, the most successful cottage. In fact, its success is largely attributed to the slogan "Bitkin, Wright Silver".

Look at this bull market, defi, nft, Metauniverse, various derivatives, ido, ieo, ifo, Internet of Things, web3.0, cross-chain side chains and so on. Concepts emerge one after another, far beyond people's understanding, let alone newcomers. Many newcomers don't even understand the principle of Bitcoin, let alone their beliefs.

Defi and nft, metauniverse (that is, blockchain games), are relatively good tracks at present, but how many people really understand the value behind them? If you are just a parrot, then you must be the last person to take over. Currency circle is a zero-sum game place. If you don't know who is losing money, you must be the last one to lose money.

In addition, this bull market is already an institutional bull market, and it is a retail bull market at 16. Now that this big stick has been successfully accepted by the organization, it will become more and more difficult for retail investors to make money in this market in the future. Think of a well-regulated and transparent stock market. Retail investors still can't play with institutions. What if there is no supervision?

But the currency circle is neither a big A nor a US stock market, but a combination of the two. Because Chinese and American investors dominate, it can be seen that the currency circle has two characteristics at the same time. With the de-China of the currency circle, it is expected that it will become more and more stable in the future, and even the leader will step out of the characteristics of biased US stocks.

However, going to China is also heartbreaking. You see, the top ten projects in the currency circle are basically dominated by foreign countries. It can be said that it was destroyed by itself and gave up pricing power. Just like a chip, this must be another thing that gets stuck in the future. Look at the powerful Ethereum! How to hurry?

Insufficient vertical shaft, please!

# Bitcoin [Chaohua] # # Ou Yi OKEx# # digital currency #