The cost of silence will definitely be the continuous fermentation of "bad money driving out good money," and the "consensus" devastation it brings to the industry is the most fatal.

Written by: haotian

If you want to continue making a living from Crypto, you must understand the following truths:

1) Looking back on past cycles, the crypto industry has to face near-death experiences almost every cycle to be reborn. Falling by 90%, 80%, or 70% before taking off again is the norm. High volatility is indeed the foundation of the industry, but don't forget, an extremely strong resilience is also present; it cannot die;

2) CEX exchanges have never been the savior of the crypto industry; in some respects, they don’t even belong to the crypto industry. The practice of trading platforms "taking a cut" is eternal, and it doesn't matter whether the platform trades mainstream cryptocurrencies, MEME coins, or US stock futures, oil, and precious metals;

3) While there are indeed many VC project "scams" in the on-chain narrative innovation this round, it will still be monumental narratives that ultimately lead the crypto industry out of its slump. Just like the DeFi of 2020, the NFT of 2022, the inscriptions of 2023, and the Agents of 2024, the continuity and height of the narrative determine the thickness of the bull market and the difficulty of post-bubble reconstruction, but without "innovative narratives," the crypto industry really cannot survive;

4) There is a surge of voices on Twitter CT that are either in a frenzy of Fomo, sharp and pointed, or in conflict and opposition; all of this is really just a manifestation of the poor secondary market conditions. It’s worth taking a look at, just for leisure. If the day comes when the crypto industry faces a steep decline, no one will be able to remain unscathed; it’s still true that all you great "US stock traders," should certainly show reverence for the journey you have taken;

5) Those who have benefitted or early profit OGs, some have retreated to cultivate themselves, some have gone behind the scenes to do harm, and some are still stubbornly preaching. This is not scary; what is more frightening is that most people have chosen "silence." The cost of silence will definitely be the continuous fermentation of "bad money driving out good money," and the "consensus" devastation it brings to the industry is the most fatal.