Recently, I read Ray Dalio's "Changing World Order" again Each time I read it, I feel different. The first time I thought it was about countries; the second time about systems; this time, I discovered he was talking about us - how ordinary people survive in the gaps of order transitions. Dalio says history is not linear, but cyclical. Each country goes through similar cycles: Rise → Prosperity → Debt Expansion → Internal Division → External Conflict → Collapse → New Order Replacement. The Netherlands rose through trade and navigation, Britain through industrial revolution, the United States through finance and technology. But ultimately, they all moved towards high leverage, internal division, external wars, and declining global trust. These are not exceptions, but historical "high-frequency patterns". It sounds like a story of the past. But looking at the United States and the global situation now, we are actually experiencing these things. The US has printed too much money, but the world is moving towards "de-dollarization" Political polarization, populism, and elite divisions are completely tearing apart World order becomes increasingly difficult to maintain, with more conflicts Asset prices are artificially high, young people see no hope, can only rush towards a new world In other words: The old system hasn't collapsed, but it's already "unable to run". And while the system hasn't collapsed, something more mature is quietly growing: 🪙 This is Crypto. Crypto is not a technology, it's an experiment in order. Bitcoin is a response to central banks' uncontrolled money printing Ethereum is a reorganization of contracts and clearing is the first step in on-chain "credit reconstruction" USDT has become a real-world dollar substitute, ubiquitous in underground payment systems in Latin America, Middle East, and even China Non-Fungible Token is an atomic expression of copyright and ownership, where on-chain confirmation and distribution logic first decouples from "legal affairs" BTC Fi ecosystem is Bitcoin's counterattack in self-built financial functions (Babylon, Bitlayer, Mezo...) You might say these things are chaotic, risky, immature... right, but this is the norm in the early stages of system replacement. Did you think there were no scams during the industrial revolution? People sold "air locomotive stocks" then, but some also invested in Standard Oil. Our current situation is essentially: Standing at the tail of the old order, stepping into the prelude of a new order. Crypto is very much like the internet in the 90s, even more complex. Because this is not just an upgrade of "information transmission", but a reconstruction of "finance + governance + cognitive structure". We participate in various Token Generation Events, farming, front-running, investing in infrastructure every day, Many times we think we're playing a game or grabbing a meal, But actually, we're betting on the basic rules of the next order. So the key question is not "which coin can multiply several times", But whether you truly understand: what future are we betting on? For example: Are you optimistic about "financial freedom" or "regulatory encirclement"? Are you looking from the perspective of on-chain trust system evolution, or just making a quick short-term profit? Do you understand the "Bitcoin asset redeployment logic" behind BTC Fi, or just treat it as another meme story? Judging the structure behind this is the real big opportunity in this era that you only need to "get right once or twice". Dalio says: "History doesn't repeat, but it rhymes." Crypto is an extremely accurate rhythm. But to understand this rhythm, you must first admit: we are no longer beneficiaries of the previous system. So we must change our perspective: Not to "predict prices", but to participate in writing rules. Not to focus on what the project team will do next, but to see what position this narrative represents in the entire cycle. In this environment, anyone's advantage is brief, and cognitive structure is the ultimate moat. Bubbles can be utilized, short-term participation is possible, but what's truly worth persisting is structural choices that align with historical direction. You are not speculating, you are re-betting an order. Don't get lost, don't rush, don't run around following hot trends. Understanding this cycle is the real alpha.

@RayDalio

Is the new order of crypto coming?

Everything will turn to its opposite, extreme happiness will lead to sadness, and extreme adversity will lead to prosperity. Crypto bull and bear markets also change in this way... So whether it is trading or writing articles, paying attention to emotions is also a way to discover trends. Of course, there is a difference here. The more people trade, the more worthwhile it is, and the more articles you write, the more worthwhile it is. But it may be different for airdrops. You have to find a moderate one. If you are too enthusiastic, you will probably be reversed.