When the market is not good, it is more convenient to think The greatest value of Bitcoin comes from consensus, which is derived from the unlimited issuance of fiat currency. Everyone's wealth is constantly diluted, and they can only work hard to be the screws on the social machine, while the upper echelons such as printing money enjoy the benefits. So a characteristic is required, which is scarcity, that is, limited total quantity. Nowadays, it's not advisable to force a face in the cryptocurrency industry. It seems that several projects have been issued. This is the sadness of the industry and the misfortune of the times. If we can freely issue more shares, why not invest in stocks? The issuance of stocks also needs to be reviewed by the China Securities Regulatory Commission, and the cryptocurrency market is a huge trust crisis where project parties can issue stocks if they want to. There is no audit or regulation in place, and it is a pure primitive forest. Project parties and retail investors are completely unequal, whether in terms of information, financial strength, or discourse power. It is even more terrifying to have unlimited coins to sell, and Li Ka shing cannot buy them all. These additional issuance projects were all issued a few years ago, some even fell by more than 99%, and generally fell by more than 90%. In other words, they sold out their own stocks and found that there were still a bunch of fools playing with them. Moreover, it is quite expensive to launch new stocks on the exchange now. It is better to speculate on oneself. Without chips, they are unwilling to buy on their own, even if it falls by 90% compared to when cashing out. In theory, it's all about poor living, scheming, wealth rising, and conscience. In the cryptocurrency industry, these project parties are real offspring. They are often teams working overtime, and there are few who buy their own tokens by themselves. They really feel that the business they put in their youth is valuable, and they will definitely risk their lives to buy it. If they have some money, they will buy it. I have seen such a chairman in the A-share market, who buys his own stocks after receiving salary and bonuses. I have not seen him in the cryptocurrency industry before, and all I see are small tricks and calculations. From top to bottom, it's the same. Perhaps Musk's decision to shut down CZ is because he's too low. After all, he's so rich and still cares about the three fruits and two dates of the Chinese chives. But it has to be said that at least he can serve the interests of BNB users, even though he knows he's online a bunch of dog poop. Listing on the US stock market is a big narrative, not everyone on Earth has dollars, bank accounts, or US stock accounts. Taking the cryptocurrency industry as an example, I think many people do not have a US stock account because opening a US stock account now requires a Hong Kong card and historical trading records. China is considered a strong country among developing countries, and those small countries are even more problematic. If it weren't for cryptocurrencies, I think half of the people in the cryptocurrency industry might not have access to the US dollar. With Bitcoin, post-1994 traders have trading needs, and stablecoins, everyone is indirectly holding US dollars. When American stocks are put on the chain, the first thing is that they can trade 24 hours a day, and the second thing is that they can air drop their assets to American stocks and conduct defi. Naturally, some original American stock users will be attracted to the currency circle. For example, I am a Wal Mart shareholder, and other Wal Mart shareholders can trade 24 hours a day. They can also collect tokens and pledge Wal Mart b to get some income. Naturally, I will also want to enter the currency circle. Some people in the cryptocurrency industry are worried about being siphoned off by the US stock market, which will definitely have an impact. It depends on which side is more attractive, and overall the benefits outweigh the drawbacks. This may be something that some big players in the industry actively promote. The greater the ability, the greater the responsibility, rather than studying that pile of dog poop every day. Although the cake can be made bigger, narrow mindedness will always be manipulated, dumped, and constantly promoted, with only the focus on attracting new customers. Does the exchange really not have the ability to constrain project parties? Can't those with obvious misconduct be taken down? In fact, from observation, the main reason why some currencies are truly delisted by exchanges at present is that the trading volume is too low and there is no profit or loss. Therefore, it is not that they cannot be delisted, but rather that it goes against their own interests. In terms of private communication, the project team is still afraid of exchanges, especially large exchanges. However, the major exchanges are still in the stage of imitating A-shares to establish limit up boards, voting for coin listing, and unlimited black box coin listing. They may still be quite proud and think they are great, and have once again entered the community. That's right, nowadays most coins on Binance are equivalent to graduation, and repeated insertion and training are in line with interests. If you shoot, it will be in the mode of Buddhist sages. Of course, this is also the biggest tragedy of the platform. Second tier platforms can still enjoy a period of "potential Binance" student life, while first tier platforms graduate. A while ago, there was a guarantee of 200-300 million yuan in circulation on the first line, but recently it seems that the maximum circulation is only a few tens of millions in a week. The counterfeit market is too clear. If it is an A-share market, it will probably adopt the form of suspending IPO, but this is the cryptocurrency circle.