#加密货币监管框架 Seeing the regulatory authorities' stance this time, I have to be honest: over the past three years, I have seen too many people get caught in the crypto market, and every time a regulatory risk warning is issued, it can become a market turning point.

Do you remember the announcement in May 2021? Bitcoin dropped over 30% that day, crashing from 43,000 to 30,000. Several friends I know who were using leverage were liquidated that day, suffering heavy losses. Then in 2022, during the NFT wave, the Internet Finance Association issued a notice, leading Tencent Huanhe and Alibaba Jingtan to tighten their controls immediately. Many small and medium platforms shut down due to liquidity shortages, and those still chasing high prices are trapped until now.

Now it’s happening again. This time, seven associations jointly issued a statement with a clear message: virtual currencies cannot be circulated or used within the country, and tokenization of real-world assets has not been approved by any department. Wu Qing’s remark, "Those who can’t see clearly and can’t control it are resolutely not expanding their business," hits the nail on the head — this is not a warning to retail investors, but to institutions that want to do crypto business.

What I want to say is, instead of constantly focusing on new tracks and opportunities, ask yourself: how much time is left in this project’s lifecycle? What are the regulators doing? The people who truly make money are never those chasing highs at the peak, but those who stay sober when others are greedy. Those "unclear" things should really be avoided. Living longer is far more important than making quick money.