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Hello everyone, I am Brother Liang Xin. I am sitting in front of the computer and it’s time for the Daily Talk, Brother Liang’s theme field. You are all familiar with me. I am still busy every day, typing non-stop for you young people, and regularly popularizing industry hot information and gossip to you. Brother Liang Xin has been committed to providing Internet self-media, and is determined to create the first industry information cutting-edge self-media output content, revealing the dark insider routines of various capital pools and currency circles and blockchain.
The recent increase in the Ethereum series is not bad. As the leader of the entire series, ETH's weekly line broke through the bottom that had been fluctuating for nearly 1 and a half years. Since there was no huge volume when it broke through, it fluctuated for four weeks to accumulate strength.
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.
What will happen in 2024? This is unknown, but through the market conditions, there will be countless clues. Through the research and analysis of these intricate information, many "truths" can be drawn.
At least 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 may be 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.
At this point, many people will ask Brother Conscience, why do these altcoins rise and fall so sharply?
Here are a few reasons I can tell you:
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, 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.
So a reminder: Don’t take risks, don’t play any leveraged contract trading, and this industry is not regulated, the probability of loss 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.
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.
