I saw a player’s self-narration on Twitter these two days.
I spent 1.7 million to buy a house in 2018. I needed money this year, but I couldn’t sell it for 1 million. I had to take out a mortgage loan for urgent need of money, but I only borrowed 700,000.
At present, the transaction volume of houses in various cities is relatively sluggish, real estate is priced but not sold, the transaction volume has shrunk significantly, and real estate companies in many regions are struggling to maintain operations.
This player was too obsessed with contracts in April and May this year, which led to a margin call and almost zero assets.
He has been working in the crypto market for many years, upgrading and fighting monsters all the way until 2024. The last bull market brought him huge profits, but the contract profit and loss were too large. No matter how much he earned, if he did not lock in the money, he would eventually return it to the market.
In 2018, the price of BTC fell from more than US$17,000 at the beginning of the year to more than US$3,200 at the end of the year, with the maximum annual decline exceeding 80%.
If you had used the 1.7 million to buy BTC instead of a house, you could have bought more than 70 BTC at the low point, which is now worth more than 20 million yuan. You would have become a multi-millionaire and could have sold it at any time. But today, 700,000 yuan can hardly buy 2 BTC.
Of course, if you put all your money in the crypto market, you might lose all your contracts, and you won’t even have the house, nor the $700,000 you could get from selling the house.
The crypto market is full of huge uncertainties, and no one knows what the best outcome will be; some people make money and some lose money, and the cryptocurrency circle has greatly changed the way assets are distributed.
Recently, the price of BTC has fallen from more than 70,000 US dollars to more than 50,000 US dollars, and has been falling for four consecutive weeks. The huge drop has caused both spot and contracts to be trapped, and the market is inactive.
Without sufficient liquidity and new narrative hotspots, each community is silent and everyone is waiting for the next round of opportunities.
Judging from the recent income opportunities, the airdrop for staking JUP at the beginning of the year is finally online. According to the staking income ratio, the staking income is about 10%. If you stake 1,000 JUP, you can get 100 JUP airdrops, but the airdrop unlocking time is 30 days.
The 10% return is not bad, but the price of JUP has also dropped from a high of $1.8 to $0.79. If you did not buy JUP at the initial price of 0.5u for staking, but bought it at a high point, the airdrop income would not be enough to offset the loss from the price drop.
If it is a long-term holding, it doesn’t matter.
Chuxiao Chain has also been paying attention to the TON ecosystem recently. There are many free games. These games are very similar to the previous WeChat games, and many of them are operated and launched by domestic teams.
Relying on the 900 million user base of the Telegram social tool, small games have a good number of players and activity, but whether there is a wealth effect is the ultimate goal of the players.
For example, NOTCOIN was launched on Binance, allowing many early game players to obtain certain airdrop benefits. The recent Telegram Cats, Telegram Squirrels, and Telegram Traveling Frog, which were launched in internal testing, are all games in the TON ecosystem.
Without any other new ways to play, the zero-cost mini-game may attract a new wave of traffic.
The current price of TON is US$7.4, and its market value ranks TOP8. It is a new public chain with high popularity. I wonder if it can shine in the next bull market.
Every market has its own specific development rules, and its ups and downs also have their limits, which no one can accurately predict.
Just as it is impossible to predict the trend in ten days or half a month, will it skyrocket, plummet, or go sideways?
The market fluctuates back and forth, but what is important is how to participate in the long-term game, how to stay in the market, and continue to reap returns.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
