In California in 1849, the Gold Rush swept through the West. Thousands flocked there, dreaming of striking it rich overnight. But German immigrant Levi Strauss didn't follow the crowd to mine gold; he saw another opportunity—the miners' pants were constantly tearing, creating an endless demand for durable workwear. He sewed jeans from canvas and sold them to prospectors, building an empire. Yet most of those who actually went underground lost everything.
175 years later, the same story is repeating. Nvidia's latest earnings report shows Q3 revenue reaching $57 billion, a 62% year-over-year increase, with net profit soaring 65%. The global AI boom has turned GPUs into scarce commodities, with the entire industry working for it.
The cryptocurrency world is no exception. From the ICO bull market in 2017, to the DeFi explosion in 2020, and now in 2024 with Bitcoin spot ETFs and Meme coin waves, each cycle repeats—retail investors entering, project teams raising funds, VCs striking it rich. But have you noticed that the ones who truly make money without risk are always the trading platforms and infrastructure providers?
No matter how the market fluctuates, buyers and sellers must use exchanges. In a bull market, they earn fees; in a bear market, they profit from increased competition as trading volume declines. The crazier the market, the more trading demand there is. And those retail investors and project teams going all-in on a single coin or narrative are the ones really gambling with luck.
History doesn't repeat, but it often rhymes. The biggest winners are rarely on the battlefield—they're the infrastructure players at the top of the food chain.
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CryptoCrazyGF
· 1h ago
Damn, it's the same logic again... So winning by default must mean infrastructure, right?
View OriginalReply0
NFTFreezer
· 11h ago
Ha, it's the same old trick again, selling shovels will always make more money than digging for gold.
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So, we're all working for the exchanges.
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Wait, should I quickly open a exchange? LOL
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Nvidia is really just sitting there counting money this time, everyone is fighting over GPUs.
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Got it, next time go all in on infrastructure directly, no more messing around with coins.
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This rhyming phrase in history is amazing, retail investors never learn.
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Selling jeans makes a fortune, mining results in total loss, what about us?
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It seems that true wisdom is to be an intermediary, this logic makes sense.
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It happens every round, but some people still can't get out, sigh.
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Infrastructure providers stabilize arbitrage, this is the ultimate brain.
View OriginalReply0
HackerWhoCares
· 11h ago
It's the same old story again: those selling shovels always make money, while miners always lose. The crypto world is now like this—exchanges sit back and earn transaction fees, and we're still debating which coins to buy.
View OriginalReply0
TokenSleuth
· 11h ago
So, the right path is to run an exchange; retail investors are still sleepwalking there.
View OriginalReply0
PanicSeller69
· 11h ago
Not this "selling shovels theory" again... but it really hits the point. Every round, someone loses everything, while the exchanges end up laughing last. It's a bit messed up.
In California in 1849, the Gold Rush swept through the West. Thousands flocked there, dreaming of striking it rich overnight. But German immigrant Levi Strauss didn't follow the crowd to mine gold; he saw another opportunity—the miners' pants were constantly tearing, creating an endless demand for durable workwear. He sewed jeans from canvas and sold them to prospectors, building an empire. Yet most of those who actually went underground lost everything.
175 years later, the same story is repeating. Nvidia's latest earnings report shows Q3 revenue reaching $57 billion, a 62% year-over-year increase, with net profit soaring 65%. The global AI boom has turned GPUs into scarce commodities, with the entire industry working for it.
The cryptocurrency world is no exception. From the ICO bull market in 2017, to the DeFi explosion in 2020, and now in 2024 with Bitcoin spot ETFs and Meme coin waves, each cycle repeats—retail investors entering, project teams raising funds, VCs striking it rich. But have you noticed that the ones who truly make money without risk are always the trading platforms and infrastructure providers?
No matter how the market fluctuates, buyers and sellers must use exchanges. In a bull market, they earn fees; in a bear market, they profit from increased competition as trading volume declines. The crazier the market, the more trading demand there is. And those retail investors and project teams going all-in on a single coin or narrative are the ones really gambling with luck.
History doesn't repeat, but it often rhymes. The biggest winners are rarely on the battlefield—they're the infrastructure players at the top of the food chain.