caiyongjian
@caiyongjian
Why didn't most people make money in this cycle? But when we feel powerless, we always like to find a "scapegoat" to blame, such as exchanges, project owners, KOLs, etc. However, the current situation of this round of encryption is the result of the joint evil of everyone on the chain, and no snowflake is innocent.
1 reply
1 recast
1 reaction
caiyongjian
@caiyongjian
1. Let's start with the source of money, VC: In 22 years, I helped many European project teams find financing, and most of the replies I got at that time were - only invest in public chains and infrastructure. Well, some small VCs may really have few graduates from serious financial majors, so they can only follow the big brother to invest. A deck has more than a dozen people. If the big brother invests, we will invest. If the big brother doesn't invest, we won't invest. As a result, all funds are concentrated on the so-called "high-market-value VC coins" that came later, and some projects that only require very little money to build well died in the bear market because of the broken capital chain.
0 reply
0 recast
0 reaction