(The true retail investor's opportunity lies in the beginning of a new narrative; understanding this article is enlightenment!)
Every time Bitcoin breaks through on a weekly level, it signifies that the cryptocurrency world is starting a brand new hot narrative. Opportunities like the 2017 ICOs, 2019 IEOs, and 2021 DeFi and GameFi are all genuine opportunities at the track level.
It's easier for everyone to make money during these times.
However, not everyone can grasp each major narrative and re-bet on other tracks during the cycle rotation. The dilemma of entering the market lies here. Therefore, in addition to the spirit of continuous learning, one must also possess the ability to step out of the comfort zone and consider the opportunities brought by other tracks.
The true launch of the Bitcoin ecosystem last year was at the end of August and ended in early April. Deep participants were basically well-rewarded, but from April to July it was a period of Bitcoin fluctuation, making it quite uncomfortable with no money-making opportunities, except for the emergence of the narrative prototype of Sol.
However, the emergence of a narrative depends not only on market consensus and timing but also on people. During this time, the market experienced the transformation of tokens, the issuance of tokens on Twitter (Blink), and a short-term craze for hybrid Bitcoins, continuously fluctuating. The real opportunity appeared in late October when the AI meme track was formed, and Goat launched its first move, funded by A16Z, a rapid surge of an AI project, followed by a large number of new asset launches. The market formed a collective force, leading Binance to introduce new track tokens like Squirrel and ACT. However, the overall pace of the track's rise was too fast, and the starting point was relatively high, making it quite difficult for retail investors to catch on if they are not sensitive to information.
As we approach the end of 2024, not making money but gaining experience. May we find our own opportunities in the next new hot narrative.
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