Dialogue with Bitcoin ecosystem leaders: Will Bitcoin inscriptions迎来 a second spring?
The Bitcoin market will have three major catalysts: first, the BTC halving, which is less than half a year away; second, the approval of a spot ETF, which is highly likely to happen and will become the strongest booster for the next bull market; third, the prosperity of the Bitcoin ecosystem.Author: Bitget
Recently, Bitget held an X Space in its Chinese community themed "sats launched on Bitget, will Bitcoin inscriptions welcome a second spring?" to discuss the recent rise of the Bitcoin ecosystem. The participating guests included several OGs from the Bitcoin ecosystem community: ordi community - Office Worker Xiao Chi, sats community - Master Zhong, BTCs community - Sun Xin.x, shib community - btc520|Crow.x, honk community - Long E.x, rats community - Crying Rice, whee community - Purple Qi Dong Lai.
The following is the transcript of the community dialogue:
Main Text
Host: Hello, good evening everyone, welcome to the AMA jointly hosted by Bitget Chinese and Bitget Builder Chinese. I am the host of this Space, Sylvia, and I am also the operation head of our Bitget VIP. The first question we are discussing today is what is the most prominent advantage of the Bitcoin inscription market compared to traditional spot trading?**
Master Zhong: The biggest advantage is decentralization, there is no risk or worry about project parties running away. Additionally, there won't be various smart contract vulnerabilities. There is no need to authorize all sorts of random websites. Moreover, the startup environment for new projects is relatively fairer.
Kumi: I think the most outstanding advantage is fair distribution. Many newcomers, project parties, VCs, and market makers have the opportunity to compete on the same stage. It allows us ordinary investors to also gain profits, and I believe this is the most prominent advantage.
BTC 520: To summarize, there are three keywords: one is distribution dividends, one is holding dividends, and the other is construction dividends.
Office Worker Xiao Chi: I mainly want to share two points, the first point is full circulation. The second is rapid price increase. Because of its unique trading method, the price increase becomes very spiral. We need to see both the good and the bad aspects.
Sun Xin: Its purely on-chain gameplay makes it highly transparent. We no longer have to look at the faces of VCs, institutions, or project parties, nor do we have to worry about inexplicable crashes, unlimited unlocks, vulnerabilities, etc. So its first major feature is that the minting rights are in the hands of retail investors, and the second feature is that the pricing power is also in the hands of retail investors, or rather, in the hands of participants.
Purple Qi Dong Lai: The inscription track belongs to ordinary retail investors, everyone has the opportunity to participate, and the most original primary chips circulate in the hands of all retail investors through Mint. So it indeed shows that it is very fair. However, it also has a disadvantage; it can easily shrink by 70%, 80%, 90%, or even 99% overnight.
Long E: The most prominent aspects are definitely fairness and safety, and it has a large natural mass base because everyone is minting coins together, which creates a certain mass base for the B2C20 series in the initial stage.
Host: We all know that Bitcoin will halve in May next year. I would like to ask the teachers to predict what state the Bitcoin ecosystem will reach after the halving, and when would be a suitable time for ordinary users to participate?**
Sun Xin: From my understanding, this market will stack three layers of buffs. The first is the BTC halving, which is less than half a year away. The second buff is the approval of the BTC spot ETF, which is highly likely to happen and will become the strongest booster for the next bull market. The third is the prosperity of the Bitcoin ecosystem. For newcomers, I think they should pay attention to the following aspects when joining the Bitcoin ecosystem:
- When entering the inscription ecosystem, do comprehensive research and avoid FOMO.
- Learn to manage risks and keep them within a bearable range.
- Maintain a learning mindset.
Long E: When we play BRC 20, we need to control our positions and also dare to invest some. If you see something you recognize, you should work hard for that project. Secondly, invest proportionally and layout accordingly, and you still need to be able to hold. Lastly, choose some recognized communities to delve deeper into this sector and explore more opportunities.
In addition to the intense discussions and exchanges among the guests, enthusiastic audience members also joined the discussion. Here are the questions users are most concerned about regarding the inscription ecosystem.
Enthusiastic Audience Member: I bought the Shiba community's inscription, and I want to ask what kind of ecosystem Shiba will have in the future?
BTC 520:
I have shared information about Shiba inscriptions before. The main direction of the community now is to focus on building the foundation. As for what actions will be taken in the future, it is actually hard to say. Only by doing these foundational things well can we attract many big players to enter. Because many things are uncertain, I maintain a relatively calm mindset; as long as the foundation is built, everything will follow. Including what you can see, Shiba is building a global consensus community, and we can also voluntarily do some things to form more consensus.
