In the past few days, Bitcoin has risen from 24k to 26k, but the market has become even quieter.
The group is not active anymore, there are fewer people bragging, and no one is asking if they can buy at the bottom. A big shot said that when everyone can’t stand it anymore, sell at a loss and leave the market and start cursing, it will be the quietest, and that’s when the opportunity comes.
I saw a piece of news these days, but I didn't verify the authenticity. It said that a rich and beautiful woman in the cryptocurrency circle named Chen Xiyu lost 3.71 million RMB in a contract explosion and chose to commit suicide by taking medicine. It's a pity.
Choosing to end one's life at a young age may be because one is carrying too much psychological pressure and has made a huge loss, so one chooses to be free.
From the moment you start playing with contracts, you have chosen a path of no return. You want to get rich overnight and accumulate quickly. You may have moments of successful profit, but the final result is that everything goes to zero, and you lose both your money and your life.
Today I also saw a summary of a big shot. He made 30 million from 600,000 in 4 months. It is really impressive.
I haven't verified the authenticity, and it may be suspected of being a soft article because this big guy is planning to open a paid course recently.
But this big guy is really sincere. He posted the address and records on the chain. Anyone who is interested can go and take a look.
In this market, those who can seize opportunities and invest capital can indeed make dozens of times their money.
In the crypto market, there are small hot spots every once in a while. If you enter the market at a low price at the beginning and cash out when it is bustling, you can still make dozens of times the profit.
Speaking of the recent past in 2023, there are ordi from brc20, pepe from meme, BoringPunks, and earlier there are ARB, Blur's airdrop, and various memes in between.
Those who can set up the game (dealer) and call orders (cx) can make money by hyping up the market after the layout; but retail investors who are late in getting information, who enter the market with fomo, are the ones who take the blame, and without exception, they are trapped.
If you can't catch the early bus, you might as well miss it. At least you don't lose money.
Everyone is tempered and baptized by the market in different ways, and everyone makes and loses money in different ways.
If you want to stay in the market, you need to have a good ability to withstand pressure. You need to be able to withstand surprises that are ten times or a hundred times greater, and you also need to be able to accept starting from scratch; you need to be able to enjoy the excitement of going to the moon, and you also need to be able to withstand no one paying attention.
For example, in the boring and sluggish market conditions during this period, what you are doing will determine what the future will bring.
Some people play contracts and lose their capital, or even their health and life;
Someone rushed to the local dog, and the money increased by 10 times in an instant, but before he could put it in the bag, it returned to zero;
Some people have interacted and spent a lot of gas. I don’t know whether there will be an airdrop in the future or the project party will say that we have failed.
Some people make fixed investments, and the purchase price is getting lower and lower. Is there really a chance for it to take off again in the future? It is unknown.
Some people are optimistic about a project, go all in, and wait for the future to succeed or fail;
There are also people who do nothing and invest nothing, waiting for the market to become clearer before making choices and investments.
There is no unified way to play, nor is there a completely accurate way, because no one has a standard answer.
I have been in the circle for more than two years, and this is my first time experiencing a bear market. I heard that every bear market is very tragic.
Watching BTC fall from 69k to 26k, I feel emotional. The initial price of BTC purchase was 55k, and the spot price has shrunk by two-thirds.
During this period, I have been interacting with zkSync, LayerZero, starknet, Linea, Lens, zetalab, Polygon zkEVM, and various temporary tasks, paying attention to market hotspots and experiencing different ecological projects.
However, during the interaction process, people will periodically doubt the significance of these operations, and even experience a market crash, falling into self-doubt. Is the value of these operations still zero?
Of course, no one has the answer now, but since you are involved, just accept the ups and downs.
The above is just my personal opinion, no investment advice. I am Chu Xiaolian, I am following web3 and the crypto world.
