The crypto market seems to be very lively recently, with the US dollar rate cut and Bitcoin rising, with the price breaking through $66,000 again.
But the market is not active and there are not many new entrants.
A big shot once said that it is the lack of liquidity in the market rather than the lack of liquidity in pockets.
More people are waiting and watching, waiting for the right time to enter the market, while others are exiting or lying flat. The market is silent, and it seems that no one is playing anymore.
To sum up, among the players who are still active in the group, some have made money and continue to stay in the market, waiting for opportunities;
Some people are unwilling to accept losses and want to find opportunities to make it back; more people no longer pay attention to group messages and just let the price go up or down at will.
There was a player who entered the market in 2021. He bought both local dog and contract. He doubled his money from 100,000 to 1 million, but he failed to hold on. He has lost another 200,000. Local dog went back to zero, contract liquidation, and he started from scratch again.
There is also a player who only pays attention to the cryptocurrency circle in his spare time. He does not know how to study the market and cannot keep up with the hot spots. He just hoards BTC and continues to buy when it goes up or down.
He bought at 69,000 and also bought at 20,000 $BTC . He invested his spare money over the past three years and accumulated 0.8 BTC.
It is often said that people with small capital are not suitable to buy BTC because the price of Bitcoin is too high.
Most meme or contract leverages seem to achieve 10x or 20x returns in a short period of time, but if they are not sold out in time, they will most likely return to zero.
Just like Dogecoin and Shitcoin that became popular in 2021, they once became hot memes on the streets, attracting many people into the crypto market.
Some people bought 0.7u $DOGE and 0.00008u $SHIB under the FOMO market. Both of these memes have fallen by 80%, and those who entered the market at that time were trapped.
Although those who bought BTC in 2021 were once trapped at a high of $69,000, at least they have been freed from this round of new highs.
The highest price in history of Bitcoin is more than 73,000 US dollars. Those who hoarded BTC spot in the last round still made some profits.
Many people enter the crypto market with the goal of getting rich overnight, and they will use whichever method can double their money the fastest.
Some people doubled their profits from 1000u to 500wu in one month by playing contracts;
Some people buy local dogs and turn 1wu into 20wu. These people who make money quickly, if they are lucky and everything goes smoothly, they really become rich overnight and the wealth effect is maximized.
If there is no profit-taking, a huge rise or fall will cause the contract to be liquidated; if you do not sell out in time, MEME will return to zero, the pool will be closed, and all profits will be returned to the market.
You make money quickly, but you lose money even faster.
Those on-chain players with wealth stories may have invested hundreds of thousands or millions of dollars in trial and error, watching the movements on the chain day and night;
I invested in 100 on-chain projects, 99 of them went down to zero, and only one skyrocketed and made back all my losses.
If you don’t have the capital for trial and error, the energy to watch the market, the efficiency to run fast, and the familiarity with on-chain operations, playing with local dogs means losing money.
There are still many people whose wallets are filled with various zero-value memes purchased in 2021.
From time to time, I see the words "value investment returns to zero, brainless all-in gambling makes you rich" in the group.
Especially when a certain meme increases 10 or 20 times in 2 hours, viewers are indeed envious and jealous, but it is unknown whether they are just making profits or just hype.
Some seek excitement, others look for value investments;
Some people believe that BTC will rise to 150,000 or 1 million US dollars, while others just speculate, buying low and selling high, and rushing to wherever there is an opportunity.
Bitcoin has been online for 15 years. No one was interested in it at first, but now its price is over 60,000 US dollars. It has created many billionaires and is also changing the world's payment methods. How it will develop in the future will only be revealed in time.
Those who believe continue to follow, those who doubt can just watch the fun, leave everything to time and take it easy.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
