As we welcome the Lunar New Year, Web3 Westward Expansion presents a special edition—"10 Whys for the Year of the Snake: Top 10 Lunar New Year Questions." We invited Winston Hsiao, Co-founder and Chief Revenue Officer of XREX, and Andrew, Chief Economist at XREX, to demystify hot topics around holiday dinner tables through beginner-friendly explanations and macroeconomic perspectives. Below is the full transcript.
Q1: Bitcoin surpassed $100K! Should I still buy?
(Key Themes: Market Entry, Risk Management, Long-term Holding)
Andrew:
I believe buying in 2025 isn’t too late. Focus on avoiding "becoming the韭菜 (rookie investor)":
- Mindset: Treat volatility as inherent—30–40% drawdowns are normal. Only invest what you can afford to lose.
- Strategy: Dollar-cost averaging (DCA) and holding long-term outperform emotional trading.
Winston:
The best time to buy was yesterday. Bitcoin’s cycles repeat every 2 years—fear and hype are constant. Newbies should:
- Start small with DCA.
- Understand Bitcoin/Ethereum fundamentals first.
FAQ:
Why is holding so hard?
Human psychology struggles with volatility. Bitcoin’s major gains often cluster in just 10–20 days yearly—patience is key.
👉 Learn how to DCA effectively
Q2: How do I buy Bitcoin?
(Key Themes: Exchange Steps, ETFs vs. Direct Ownership)
Winston:
Avoid asking others to "buy for you"—self-custody matters. Options:
- Exchanges: User-friendly apps (e.g., XREX).
- ETFs: For stock investors (e.g., U.S. spot ETFs).
Andrew:
Skip "concept stocks" like MicroStrategy—they add unnecessary leverage. Stick to direct Bitcoin exposure.
Q3: How will Trump’s presidency impact crypto?
(Key Themes: Policy Shifts, National Reserves)
Winston:
Crypto is now electoral policy—expect friendlier regulations. But market volatility remains (it’s not a political hedge).
Andrew:
National Bitcoin reserves (e.g., U.S. proposals) validate its store-of-value role—but adapt to volatility first.
Q4: How to handle crypto’s wild volatility?
(Key Themes: Investor vs. Trader Mindsets)
Andrew:
Short-term trading = gambling. Long-term holding = investing.
Winston:
Volatility is neutral—traders profit from swings; investors ride upward trends.
Q5: Why are nations hoarding Bitcoin?
(Key Themes: Institutional Adoption, Macro Trends)
Andrew:
Bitcoin’s fixed supply appeals amid fiat inflation. Countries like the U.S. and China are early adopters—growth potential remains.
Q6: Can crypto trading mirror stocks?
(Key Themes: Accessibility, Tools)
Yes—fractional purchases and ETFs make entry easy. But education (e.g., XREX Academy) is critical to avoid mistakes.
Q7: Why can’t I buy groceries with Bitcoin?
(Key Themes: Use Cases, Store-of-Value)
Winston:
"Use台幣 to spend; Bitcoin to appreciate." It’s digital gold—not a payment tool.
Q8: Is Web3 a good career shift in 2025?
(Key Themes: Industry Cycles, Skill Demand)
Winston:
Caution! Boom-bust cycles mean job instability. Learn during bulls, join during bears.
Andrew:
Diversify—only commit if passionate.
Q9: How to engage with Web3 casually?
(Key Themes: Self-Education, Community)
Study projects post-work. Start with Bitcoin/ETH before diving into DeFi or NFTs.
Q10: Where to learn crypto basics?
(Key Themes: Resources, XREX Academy)
Winston:
XREX Academy offers free foundational courses—bridge knowledge gaps safely.
Final Thoughts
Crypto hinges on education and self-awareness. Whether investing or discussing at dinners, focus on long-term principles over hype. Happy New Year!
Hosted by Yoyo Yu, Winston Hsiao, and Andrew. Brought to you by XREX—rewriting finance with blockchain.