When I saw a note about a big boss losing money recently, I smiled insincerely.
It turned out that not only my wallet balance was decreasing, but the big guys were also losing money, and other people in the group were also losing money.
This big guy took over at a high price, got trapped, and sold at a loss. According to this record, he must have lost at least hundreds of thousands of dollars. Of course, the net worth is different. Even if he loses six figures, he still has A8A9 protection.
There was also a big guy in the group who was addicted to contracts and went long on BTC at 27k. He didn’t expect the market to change suddenly and continue to fall. He had lost $100,000 when it reached 26k.
The current BTC price is 25k. I wonder if it can hold up even if I hold on.
The rise and fall in a turbulent market are too rapid, and there is no time to react when opening a contract. You either make a lot of money or lose everything.
The entire crypto market has not had any outstanding performance during this period. The bear market is just around the corner, making it even harder to launch projects. There are also problems such as regulation, hackers, and rug running away from time to time, and the market may fall at any time.
Pay attention to friends in the cryptocurrency circle. Some have left, and some are looking for other opportunities.
For example, some people have taken advantage of the AI trend and used AI tools to frantically output various contents, pictures, texts, and even audio and video, and it seems that each of them can earn tens of thousands of yuan a month. Not only are they selling AI-created works and tools, but some are also selling courses.
Although it may be suspected of being a soft article, AI has undoubtedly improved work efficiency. Some people have found ways to monetize, some are still searching, and many people don’t know how to create and monetize with the help of AI at all.
There are also many people who are doing interactive airdrops, although their investment may be wasted.
For example, various projects such as zk, L0, starknet, Linea, etc., have hundreds of interactive wallets. I don’t know whether there will be airdrop income in the end, or it will just be worthless airdrop.
People who are doing interaction are just investing money blindly without seeing any returns.
Some people created 10 interactive accounts, investing 0.2 ETH in each account, which is an investment of more than 3,000 US dollars; some people created 100 accounts, which is an investment of more than 30,000 US dollars, and an investment of more than 200,000 RMB.
This requires a huge amount of effort. If there is no airdrop income, all the investment will be wasted.
A player said that if the various interactions at this stage are reversed, many people will miss the next bull market, because their funds and energy are invested in the interactions, and they do not buy any valuable tokens at the bottom, and they will miss other opportunities.
There is a view that in a bear market, the currency standard should be used to increase positions, and in a bull market, the U standard should be used to cash out. This seems to make sense.
But how to obtain liquidity to buy at the bottom of the bear market and add more tokens? The economy continues to be sluggish, not only the cryptocurrency circle, but also other industries are shrinking, and it is not easy to make money.
There is also a point of view that says that there is a high probability of an economic recession in the future; and judging from historical data, basically every market low will come after a recession.
Bitcoin has never experienced a similar macro environment. If BTC follows the market in a similar situation, it may break certain habits and models of the 4-year cycle.
After all, the crypto market has only a 13-year cycle, and the predictions here are just a summary of a small amount of past experience. It will take time to verify whether the 4-year cycle is still valid.
Current market expectations may just be the turkey and farmer hypothesis.
Chuxiaochain has been working on ZK interaction recently, and is also working on Linea and starknet, as well as various new project interactions. It continues to invest time and money, and is also understanding and learning about the interactive projects.
But can these projects, such as games, contract deployment platforms, storage websites, DeFi, NFT, decentralized social networking, etc., really solve user needs and change the world?
Is it just a zero-sum game among people in the cryptocurrency circle, and will it all end up in zero?
Some people say that faith is more valuable than gold. When you don’t believe, everything is meaningless. When you firmly believe in it, you can rationalize your thoughts and actions and continue to leave traces of interaction in the circle.
Nothing has been concluded and there are all kinds of opinions. Sometimes we need to stop and sort out how to cope with the possibility of ten or a hundred times more in the future, and also be able to withstand the blow of returning to zero.
After all, no one has promised you a dream of getting rich in the cryptocurrency world.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, I am following web3 and the crypto world.