Suddenly, a spring breeze arrived overnight, and thousands of pear trees bloomed. It has indeed been quite pleasant these past few days, with several accounts changing daily. The predicted trends and expected numbers are slowly coming to fruition. There is no particular excitement or excessive thrill; for most coins in the account, the current pump may just be the beginning. It is still necessary to maintain a steady mindset and calmly observe the subsequent market developments.

In the past few days, two waves of friends have come, and amidst the toasts and exchanges, it's inevitable that they'll boast about the profits made in this round of bull market. I have no great waves of emotion inside; having experienced two cycles in this space, if I were still as reckless and young as I was back then, today's outcome would likely be filled with scars. You may see me now enjoying the fruits of victory with ease, but the countless sleepless nights and the helplessness of healing alone during account drawdowns over the past few years are things you cannot see.

If you are currently in profit, there is no need to be too excited; this road is still long. You deserve this harvest, and right now it's just the spiritual compensation for the hardships you endured at that time. In the days to come, there should be more surprises for you. If your account has already tripled, there is also no need to be too proud; the numbers in your account truly becoming the numbers in your bank card is what is truly called securing your gains. Remember more the psychological feelings from those darkest moments in the past, as your current gains may just be the most important stepping stone for you to cross classes in the future. This is just the beginning.

In the crypto world, the principal amount is very important. The size of the capital directly determines your choice of profit-making avenues and the stability of your mindset. When the principal reaches a certain critical point, making money becomes quite easy. By 2025, the crypto world will have moved past the era of rapid wealth accumulation through primitive means. With the passing of stablecoin legislation marking a historical turning point, regulatory and standardization efforts from the government will gradually be implemented, and the rules of the game will only become more refined. Yesterday, OKB saw a threefold surge in one hour; on the surface, it appears to be a price spike during the bull tail phase, but in reality, it fired the first shot in the legal and compliant dispute over JYS. There are many reasons behind this, and I will sort this out tomorrow and discuss it in the subscription updates.

I vaguely remember that the start of the altcoin season during the bull market of 2020-2021 began with the narrative of the token burn mechanism of B某B from that year. At that time, the price soared from 6 yuan in March 2020 to 690 yuan in May 2021, and 币an also became the largest JYS in the world. I believe many seasoned investors made several times to over ten times their profits that year, and even in this bull market, there are still many seasoned investors holding this token, including myself.

And yesterday's explosive pump of OK, could it also be a signal that the season of knockoffs has begun? Although history does not simply repeat itself, what remains unchanged is human nature. According to past experience, we are likely to see a lively competition among platforms B, with each platform bringing out their best tricks to attract new capital flow, just like the recent competition among the three giants in the food delivery industry; when JD started the fight, Meituan had to respond, and Taobao and Ele.me also had to join in.

The beautiful country announced in early August the entry of pension funds into the market, and major institutions and listed companies accelerated their layout for ETH in July and August. Moreover, after the inflation data was released yesterday, the probability of an interest rate cut in September has greatly increased. We have reason to believe that the incremental funds that the crypto circle has been eagerly awaiting have actually been slowly seeping into the market. As ETH is about to challenge its historical high in the coming days, the overall market heat and discussions have become active. The big shots behind the platform coins are at the forefront of aligning with traditional regulatory compliance, and they are well aware of when the opportunity will mature. To put it simply, the faster the platform coins comply, the quicker the projects related to real-world asset tokenization (RWA) will land, which will also further promote competition among various public chains.

At this point, you should have a rough understanding of the upcoming layout logic. Whether it's the choice of RWA coins or the configuration of public chain coins, remember to choose coins that have attributes of American capital. The better the underlying infrastructure, the more aligned the narrative direction is with the needs of the US government, the greater the probability of an explosion in the future. Try to avoid selecting coins that promote things like Shitu CFX as the first legitimate public chain of the great China. Those who understand will understand, and I won't elaborate further.

After experiencing this round, everyone understands the significance of altcoins. The older generation of retail investors often say that more than 95% of altcoins are meaningless; their existence is merely to divert market funds and serve as tools for trading BTC and ETH from retail investors. When I first entered the space, I didn't fully understand the meaning of this statement, as everyone fantasized about becoming a tenfold or hundredfold winner in life during the chaotic times. However, after going through many trials and tribulations, I realize that the choice of coins and persistence are the most important lessons in creating wealth.

There are just over 100 days left until the end of 2025, and the traditional four-year cycle bull market may soon come to an end. I believe that most coins have already left the peak of this bull market in 2024, and only a few valuable mainstream altcoins will see the final frenzy alongside the movement of ETH. This journey is not easy, as everyone's experiences and holdings are different, which will inevitably lead to some unpredictable results during this time: some exit safely, some sell out in fear, some get stuck at high positions, some re-enter the market, and some boldly short. Various examples remain vivid in my memory. I always believe that the history of human nature will repeat itself, so in the next half month, I will gradually organize a series of updates titled "Written Before the End of the Bull Market," to share and exchange my personal thoughts and steps with like-minded friends, and to kick off a few live streams on this theme.

The biggest fear in investing is not losing money, but rather standing still. Last weekend, I talked with a classmate who trades futures about investment systems. He helped me analyze the summaries of the past two rounds of positions, and what he said left a deep impression on me: "In 2017, BTC was close to 20k, and in 2022, it was still 20k, holding the coin for five years and actually staying in place. But what happened during these five years? It dropped from 19k to 3k, then rose to 69k, and then fell to 15k."

Speaking of ETH, it was close to 1400 at the beginning of 2018, and by the end of 2022, it returned to 1200. It seems like it has been stagnant for five years, but the fluctuations in between have hidden countless opportunities, dropping from 1300 to 88, then surging to 4800, and falling back to 880... Just take a look at the trend since last year through the ETF... it’s simply despairing.

For those without a strategy, this is just a thrilling roller coaster; but for those with a system, every rise and fall is a springboard for wealth appreciation. Targets without significant fluctuations are not good targets. Given the economic capacity, once you understand the basic principles, you can choose to invest regularly and hold long-term, becoming friends with time. However, if you want to further immerse yourself in the market, it’s best to establish your own trading system to track and operate a target for the long term; what you might gain is not just paper wealth.

Let's break it down further. If you have a compound interest mindset combined with strategy, even if you grasp just two cycles, wealth growth will be rapid.

True investment is not about gambling on luck, but about defeating time with a system. Cycles will repeat, but only those who are prepared can seize opportunities and turn time into the best friend. Suppose the four-year cycle in the crypto world still holds, if you first earn three times on a coin, and then use that tripled capital to earn slightly conservatively two more times in the next cycle, that would be a sixfold return. But if you want to directly hold a coin and see it grow six times, the initiative may not actually be in your hands; there are very few who can truly hold on to it. This is the charm of exponential growth; although it is also about being friends with time, in this process, you will have a further tangible improvement in your skills and understanding, and these will accompany you to wealth throughout your life.

I happily toasted him three times, thanking him for being so detailed in helping me summarize and understand why professional-level financial talents come to the coin circle is a dimensionality reduction attack. At our age, it is already rare to be willing to share so openly and sincerely; he was right, I have indeed stabilized my operations and holdings in this bull market. Perhaps I cannot be financially free like him, but at least I have found a new way to survive in life.

Yesterday, while reading comments, I realized that I also have the support of the yellow V. Thank you to the platform and everyone for their support and recognition. Unknowingly, I have been writing for four years. Today, while reviewing, I found some past dynamic texts on the old computer, and I have many feelings about it. Unfortunately, most of them cannot be posted due to size issues. I will adjust them another day and share them with everyone. I hope that everything goes smoothly in the coming time and blessings abound☕ #BTC再创新高#