What is your view on the future cryptocurrency market? | Q&A

1. Is it time to adjust the portfolio for the underperforming coins?

Sometimes it's hard to measure a project in the short term; a coin that has performed poorly recently may have its own reasons or market-related reasons.

If it were me, I wouldn't solely judge a coin's performance based on its price.

I would pay more attention to the coin's fundamentals, comparing it both vertically and horizontally. Vertical comparison mainly looks at whether it is better than before and whether the team is still continuing to build; horizontal comparison involves comparing it with other projects in the same field to see if it is lagging behind.

If the fundamentals are lagging, I might consider it, but if the fundamentals are generally sound and it's just the price that is underwhelming, I might still hold on.

2. What do you think about the future crypto market?

I remain optimistic and look forward to the arrival of a true bull market. I still believe that we will see a bull market from the second half of this year to the first half of next year.

3. Is Cake worth holding long-term?

I do not hold Cake and do not know much about this coin. For DEX coins, I only hold CRV.

4. What do you think about the Ton ecosystem?

I do not hold any tokens from this ecosystem, mainly because its positioning is quite awkward. From an application perspective, I think it is still difficult to see whether it can develop a unique ecosystem.

However, I am particularly fascinated by Ton, especially the story behind Telegram. This team has a strong spirit of rebellion in crypto, which I sincerely admire.

This team comes from Russia.

The Russian people, both in modern times and contemporary times, have produced a large number of figures with a strong spirit of rebellion. In the traditional software field, the team behind Telegram is a typical example. In the crypto field, Vitalik is a typical example.

The Telegram team dared to refuse the Russian government to protect privacy. Vitalik has repeatedly stood up against powerful pressure to defend privacy and his ideals—recently he has again criticized a new U.S. bill that infringes on personal privacy.

Sometimes, when I see some highly crypto-colored projects whose teams come from Russia, and I know they have a rebellious spirit, I pay extra attention to them.

5. Is it appropriate to dollar-cost average into Ron after its drop?

Compared to Magic, at least in the gaming ecosystem, I think Ron is currently performing better. But my understanding of it is still quite general, so I think it needs more observation; therefore, I have only bought a small amount and will not dollar-cost average during this cycle.

Magic has taken new measures and is preparing to build its own second-layer expansion system. This approach is quite similar to Ron's. Although it is still too early to say how effective this will be, at least it is empowering the ecosystem, which I think is worth observing.

6. Which Layer 1 coins are worth dollar-cost averaging?

For Layer 1 coins, I only dollar-cost average into Bitcoin and Ethereum, and I do not dollar-cost average into any other coins.

7. What do you think about Sora?

This is a question about artificial intelligence. Coincidentally, I have been learning some knowledge about artificial intelligence recently, so I will try to share my thoughts.

Many people see Sora merely as a video processing tool and extend this line of thinking linearly: we can now make a 5-minute video, in the future we can make a 30-minute video, and later we can make a 120-minute video… Eventually, artificial intelligence will overturn Hollywood and the film industry.

Is this line of thought correct?

Of course, it is, but it is too limited and not broad enough.

It's like when people first saw the internet in the last century; they saw that they could read news on web pages and immediately thought that we wouldn't need newspapers anymore, and the internet would overturn traditional media.

Looking back now, isn’t that association too simplistic?

The same reasoning applies to Sora.

Sora has a very important significance in that it preprocesses data in a video format before passing it to GPT, allowing GPT to process the video.

So the key point here is data preprocessing, which is Sora's core innovation.

Following this line of thought, as long as we can design suitable data preprocessing tools, we can hand over data from various fields to GPT for processing.

In fact, our brains work in this way.

Our senses collect completely different data, but all of it can be processed by the brain. In this process, the core role of our senses is to preprocess the collected data.

According to this principle, as long as we understand how the eyes preprocess data, we can create such preprocessing devices that connect directly to the brain, allowing blind people to have vision just like normal people, or even enabling humans to have vision without physical eyes.

Similarly, if we can create suitable preprocessing devices connected to the brain, we may also possess the special abilities that animals have.