The low price of Bitcoin a few days ago was more than 56,500 US dollars. In recent days, it has continued to rise to a high of 65,500 US dollars, an increase of more than 13%.
The crypto market experienced a huge drop in late April and early May, but the market has recovered.
Many people believe that the market will eventually rise, but they dare not add positions amid continued downward sentiment, and some even sell at a loss and leave the market. In the end, prices return but their positions are gone.
Some people earn more the more they operate, while others get less balance the more they operate.
Chuxiao Chain has been in the crypto market for more than three years, but has never understood the market and has not dared to make bold moves. He can only make money within his understanding.
Fortunately, I didn’t lose everything all at once. I followed the market honestly and was beaten by the market from time to time.
When the market was rising in early April, I regretted that I had too few positions and added positions at the high point, but the market plummeted before I could see the gains;
I did not cover my positions after the sharp drop, but just lay low and waited for the market to recover.
It is really difficult to predict the market.
Following the market and being a holder is probably the slowest and dumbest way. It won’t make you rich overnight, but it won’t lead to losing everything either.
I am unable to accurately predict the market and ambush potential tracks. I just focus on various projects with small positions in multiple tracks, hoping to seize the profit opportunities brought about by the overall market rise.
Of course, the safest option is spot BTC, which has a smaller increase and is not easy to return to zero, and many people think it is too slow.
One of my friends in the group played by investing heavily in a project. He went from being an ordinary debox player to a big player.
Debox is a web3 social project. If socialfi can become popular, the debox project should have very good returns.
From the chain, this group member’s wallet address holds 342 debox animal NFTs, while the total number of the five series of NFTs is only 10,240, and he himself holds 3%.
He is now staking NFTs and receiving vdbx points every day. He has no losses at the moment, but if he does not cash out, the funds will remain invested in it.
Selling now is just to protect the principal, but everyone is striving to double the money, and set a result of 5 times or 10 times.
According to the average NFT price of 0.4ETH, he has invested 40wu and 300wr. Perhaps it may become a small goal in the future, or it may return to zero.
Seeing him investing more and more, his group members were worried for him, but no one could accurately predict the future trend, either becoming rich and free or starting from scratch.
Each player has different amounts of capital, focuses on different gameplay, has different energy and cognition, and focuses on different tracks.
Some people make a lot of money playing inscriptions and runes, while others don’t even have a Bitcoin wallet;
Some people open contracts and earn hundreds of thousands of yuan from one long and one short position, but in extreme market conditions, one order may go bankrupt and return to zero.
Some people are trading in altcoins. When the market soars, they can earn 30% in one wave. When the market plummets, the profit will be halved. They may be thrown off the train and unable to keep up, or they may be trapped and have no time to get off.
I have been investing in BTC for a while, but the price is too high now and I can’t afford it anymore. I also don’t know which method is the best.
I'm not sure whether I should diversify my investments into different baskets, or whether it's better to go all in on one project and get deeply involved.
Even after being in the circle for such a long time, I am still frequently affected by market fluctuations. Sometimes I follow the various fomo sentiments randomly and end up losing the big picture while picking up sesame seeds.
Someone concluded that Warren Buffett's investment performance over the past 20 years was 554%, which did not outperform the S&P 500's 568%.
In the crypto market, there are very few projects that can outperform BTC. Going back and forth not only requires a lot of time and energy, but also the cost of trial and error.
Some people pursue the idea that slow is fast, while others pursue roller coaster-like excitement. There is no unified way of playing and result, and it is only in great uncertainty that huge profits can be achieved.
How do you get involved in the crypto market?
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.