What is the cryptocurrency world?
The "coin circle" refers to a group of people who focus on speculating in encrypted digital currencies and even issuing their own digital currencies to raise funds (ICO for short). It is commonly known as the "coin circle" in the industry.
What the financial market needs is precision, not completeness; no one can be perfect in everything, not even the stock god Warren Buffett, so don't fall into the trap. In the field of technology, the most effective way to learn is to know yourself and learn to look inward; when you can control yourself, you will naturally be able to understand the market.
A moody person is a gambler in the cryptocurrency circle; he only sees what is under his feet and never looks up into the distance. Now that the bull market has arrived, the market is accelerating, market sentiment is changing, and all parties are eager to try. This is the current era background.
Two things can be confirmed:
First, 2024 will definitely be the fourth bull market in the cryptocurrency world
Second, the main storyline in 2024 will be WEB3.0
The mission of blockchain is to help humans realize the vision of WEN3.0 and bring the virtual world into reality. That’s why people who don’t understand it always think that the currency circle has no value and that blockchain has nothing to do with currency. I used to explain it, but now I think everyone is right. Everyone can only accept things within their own cognitive scope.
Your circle is only speculating in cryptocurrencies, which has nothing to do with blockchain, because your essence is just for this wealth opportunity, the current bull market. But for me, I see the future development of the times, which will inevitably require the iteration and update of blockchain technology, and "tokens" are the cornerstone for realizing the application of blockchain. This is a question of which came first, the chicken or the egg. Blockchain is the "chicken" and tokens are the "eggs". The importance of the two is "different people have different opinions". Therefore, the trend of the currency circle in 2024 is unstoppable. The so-called going with the trend is not to go long, let alone to go all-in, but to seize the hot track!
There are many hot spots/tracks/concept sectors of all sizes that you can play in 2024, but you can just focus on two tracks/sectors that you are familiar with.
1. Gamefi, one of the heavily invested sectors, is believed to give good returns in 2024.
2. Cancun/layer2/lsd are almost linked together.
3. Bitcoin ecological inscription brc20 and other public chain inscriptions, Bitcoin NFT pictures, etc.
4. Web3 concept narrative. This narrative coin an has also been tepid for 2-3 years. This big bull may be hyped up.
5. AI was just a warm-up last year and may be a big hype this year
6. European Cup
Note: If you count carefully, there are probably more than a dozen hot spots/tracks/sectors. It is impossible to handle them all, so you can just choose 2 tracks as the main focus and 1-2 tracks as the supplement.
Several potential important narratives for Ethereum in 2024:
1.ETF expectations
2. Super strong deflation expectations (other public chains are experiencing inflation)
3. dencun upgrade and L2 ecological outbreak (games, nft, perp, depin, social, AI, inscriptions...)
4. Staking and re-staking protocols lock up a large amount of ETH
5. As competition in L2, DA layer, re-staking, etc. intensifies, the demand for liquidity increases, which in turn leads to an increase in demand for ETH.
Why do these altcoins soar and plummet? Here are a few reasons:
1: Because from the perspective of the industry, among the current leading digital currency exchanges in the market, Binance, OKEX, Huobi, and Coinbase Pro are doing relatively well. They stand at the top of the food chain in this market industry and have the power of life and death over many leeks. Because this industry is not regulated by government national policies, capital can arbitrarily issue ICO tokens in this industry for illegal fundraising and XQ, thereby xbing the illegal income of the people.
2: The whole industry is full of tricks, so when you don’t have enough knowledge about the industry and your experience is insufficient, you rashly invest large amounts of money in a field that you are not familiar with. You just hear from others how much money someone has made by speculating in cryptocurrencies, and you rashly enter this market. I honestly want to tell you that what awaits you in the end is the strange fate of hovering on the edge of losing and making money every day, until you become numb and your principal is slowly diluted, and when you look back, you find it is too late.
Therefore, learning and improving your own cognition and thinking in this industry is the basic guarantee that determines whether you can survive in this market. Even if you want to play, you must find someone who understands the industry rules to guide you. Therefore, I do not recommend that newcomers rush into the industry without understanding it, let alone play with contract futures leverage, otherwise you will not know how you died. I, a conscientious brother, warn you based on my experience as a veteran.
In short, at the top of the cryptocurrency ecosystem are exchanges. Some exchanges are big dealers themselves, and some exchanges can easily manipulate "plug-ins" by using their own information, funds, resources, etc. Ordinary players cannot avoid them, especially contract leverage accounts, which will cause serious losses regardless of whether they soar or plummet.
If you don’t have the skills, don’t risk your life. Don’t play any leveraged contract trading. Moreover, this industry is not regulated, and the chance of losing money in contract trading is very high. Don’t touch it! !
Isn't it the same for us who are trading in the cryptocurrency circle? Can you identify the transition between bull and bear cycles, effectively identify the trading techniques at the bottom of the bear market and the top of the bull market, and ensure effective investment strategies and stable cash flow as the rear guarantee of investment?
Ordinary people are unwilling to accept the truth. They will choose to escape from problems and look for all kinds of reasons outside to comfort themselves for their mistakes, thereby reducing the guilt of their own failure.
However, if we want to grasp the future bull trend in the cryptocurrency world and get the results we want, we need to solve these problems thoroughly.
Otherwise, no matter how many trends come, you will only be a bystander of history rather than a beneficiary of the trend dividend.
Block bloggers who always make money, those who never help you make money, but publicly show their orders once they make money.
How to follow orders? What suits your rhythm is that your mentality is short-term thinking. If you think you can make money in the short term, then follow them. If you want to make money in the long term, then follow the long-term bloggers.
I think paying for knowledge is a must. There are investment research bloggers who do a great job and are great at discovering new projects, but they need to be paid, but this is what they should be. Of course, if you have never made money with him, especially if he publicly claims it, then give up. Because there is no fate.
There are many analysts of all types in the market. Remember to follow only one or two reliable ones. Every analyst has a bull and bear cycle, which means it is impossible to make money all the time. Follow those who have made you money.
It is enough to dig deep into one or two tracks. Then you will be what others call a profitable company.
Finally, it is most important to improve yourself. The money earned by luck or by others will be lost back by cognition when the bull market ends.
Trading is not about getting rich overnight, but about making reasonable profits that are long-term, stable, sustainable, and high-probability, so that you can obtain wealth continuously. Professionalism creates value, and details determine success or failure.
A new year, a new starting point, and new hope
2024 is the year of the bull market. As the exposure of the cryptocurrency circle increases, many newcomers have also entered the market.
However, for most newcomers, conservative investment methods are more suitable and are an inevitable choice.
First, we must clarify the direction of operation
Simply put, it means whether to choose spot or contract, or a combination of the two.
No matter which of the three you choose, you need to be able to identify the trend background of the currency circle and know how to distinguish between bull and bear cycles.
If you don't understand this, you are just a loser in the cryptocurrency circle. Even if you have been in the cryptocurrency circle for 10 years, you will still just lose money. If you don't believe this, you can verify it yourself and consult those old losers.
Therefore, friends who want to invest a small amount of money in 2024 must first figure out whether it is a bull market or a bear market. This is the most critical point. Without this support, you will not be able to hold on to any coin you buy.
Because once the market fluctuates, you will be afraid of returning to zero. These fears are caused by not understanding the bull-bear cycle.
If you know it is a bull market, there is nothing to be afraid of. Falling is normal because the main trend is rising.
The market trend is getting faster and faster. Personally, I think that at present: it is best to split it into two, half of which is used to buy mainstream coins with relatively small risks (such as ETH), and the other half is used to buy altcoins with valuable potential.
For altcoins, it is safer to choose L2 sector, because there are favorable support, which is relatively clear; as for inscription type coins, it is better to play less, although the potential is great, but the risk is also great
The capital is small to begin with, so you must not take too much risk. Otherwise, you will lose money in a bull market and have not accumulated any successful investment experience. This is a big loss.
Therefore, the investment method of small funds must be to win steadily, rather than the market's view of risking a small amount for a big gain, because your trial and error cost is very low, and you will have no chance if you make a mistake once.
Don’t be fooled by the wrong views in the market. Once you believe them, it’s only a matter of time before you fall into the trap.
The article ends here. Next, I will do a detailed market analysis and share the bull market strategy layout in Jiao Liuqun. The big copycat market is coming. I am preparing to layout a spot password in the near future. The short-term increase is expected to be more than 30%. If you want to follow, just click on my avatar.
#ETH #BTC #SOL #PEPE #DOGE
