fengqingyang.base.eth (0xfengqingyang)

From Berachain, to Eclipse, and now the “top-tier” Monad chain — all of them prove the same truth: The days right before a chain’s native token TGE are always the last exit for its ecosystem projects to launch their tokens and escape. As the old saying goes:“Those who lived through it had no time to mourn; those who came later mourned for them.Yet if the later ones do not learn from it, they too will become the ones future generations mourn.”

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Bitcoin May Reach a New High in 2026, Four-Year Cycle Theory in Question According to Grayscale’s latest report, Bitcoin’s 32% pullback since early October aligns with historical averages and marks the ninth major correction in this bull cycle. Grayscale suggests Bitcoin may avoid a deep cyclical bear market and could set a new high next year, challenging the traditional four-year cycle theory. This cycle has lacked the parabolic rallies seen in past bull markets. Market structure has shifted, with capital flowing mainly through ETPs and Digital Asset Treasuries (DATs) rather than retail trading. Privacy coins have outperformed, with Zcash up 8%, Monero up 30%, and Decred up 40%. Meanwhile, the first XRP and Dogecoin ETPs have begun trading. Grayscale also notes that the Fed may cut rates again on Dec 10, and U.S. bipartisan progress on crypto legislation could provide further tailwinds. While short-term volatility remains, Grayscale is optimistic about the 2026 outlook and emphasizes the importance of long-term holding.

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I vaguely remember how MicroStrategy built its Bitcoin position —adding little by little, step by step. Back in 2021 when I first started following them, their average cost was around $12K.Then it rose to $18K, $28K, and by 2023–2024 their entries were around $44K–48K. This year, their average cost has slowly climbed to around $75K —which was basically the cycle bottom right after Trump announced the global 15% tariffs mid-year. Just a thought: seeing so many people shouting “short it” and “chase the dump” is honestly hilarious. It reminds me of the old days when Li Daxiao just posted a “shh” emojiand people would immediately interpret his gesture as a secret signal that markets would go up. Looking at my own comments now, I finally understand how that phenomenon happens.

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Most people slow down at 99 — Charlie Munger doubled down on conviction. https://paragraph.com/@0x952748b3f2971f4b050d7344e2c5be2a6d557a92/charlie-mungers-final-years-still-investing-boldly-at-99-backing-a-young-neighbor-to-build-a-dollar3b-real-estate-empire

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