This is the most depressing time I have ever been in the cryptocurrency circle, including the elderly around me. In fact, the reason for such depressing emotions is not the decline of the cottage market, but the fact that the Bitcoin market has not completed the cottage market decline, which has caused a psychological deficit. This deficit makes people feel desperate.
I am a very optimistic person, but all kinds of people around me are not optimistic. They will always bring you into a vortex of pessimism.
There is a friend who has not played leverage for many years and recently played leverage. I asked him why he started playing leverage? He replied that he was about to quit the circle~ Such examples are everywhere.
But the more interesting thing is that everyone started to talk about technology applications. I visited quite a few communities, and they were all talking about what is the real value of blockchain? Which application layers will be left behind? This may be the deepest thinking left to everyone from the beginning of the inscription to the end of the MeMe cycle in the past year.
I still think that the largest application layer of blockchain will be RWA. In fact, Rwa is already the largest application layer at present, and stablecoins such as USDT can also be regarded as a form of Rwa.
The intrinsic value of blockchain should be Defi, but its centralized finance. It is not accepted by mainstream capital unless you are a member of the mainstream capital faction.
If the Ethereum ETF can be pledged in the future, I think the technical value should quickly return to the currency circle. From the words of SEC insiders, we can see that there is a negotiation window for Ethereum pledge, and from the statements of Wall Street institutions, we can also see that Ethereum ETF pledge is just a matter of time.
So I chose to adjust my position to enter a part of LDO and SSV. I said before that I hope Ldo will be successful in washing the market. It is a good choice for me to enter now. I still have expectations for Ethereum ETF pledge.
