Today, September 4, the crypto market has seen another sharp drop, with BTC falling below $56,000. There has been no wealth effect or hot spots in the crypto market recently.

This is the first time in more than three years since I entered the circle that I feel the market is deserted. Based on the experience and knowledge accumulated in the cryptocurrency circle, there will be wealth stories from time to time in any market, but this year there are almost none.

In 2021, BTC skyrocketed, various blockchain games became popular, NFT became popular in 2022, various 100x MEMEs were launched, and inscriptions and runes became popular in 2023. The BTC ecosystem ushered in exponential growth.

As we head into 2024, the market has become calm, not only because of the cyclical lows in the crypto market that occur every four years, but also because of the global economic environment.

Whether it is the offline economy, the global stock market, or the crypto market, liquidity is very poor, and "survival" has become a keyword in all walks of life.

BTC current price exceeds $56,000

There is no market, no hot spots, and fewer and fewer discussions in the community.

A friend in the group asked a question: Can the current crypto market still be an opportunity for ordinary people to make a comeback?

In the past few years, holding BTC, ETH, or even DOGE can take off as soon as the market comes, and holding can reap several times the profit;

Catch up with the NFT trend, such as Bored Ape or AZUKI, which can increase from a few ETH to dozens or hundreds of ETH, and may double or 10 times in a short period of time;

In the Inscription Era, from the initial freemint to ORDI of more than 90 US dollars, the profit was tens of thousands of times; the Rune Stone airdrop made the early active players on the BTC chain earn a lot of money.

If you are lucky enough, you may have a hundred-fold chance of getting Tugou MEME, although there are also many people who have lost everything in the primary market.

In these hot spots, only 1% of the early participants seized the opportunity, and none of those who took over later were trapped, but the market had liquidity, players believed in miracles, and wealth stories would spread, but now the market is quiet and lifeless.

As the crypto market continues to develop, there are fewer and fewer opportunities for 100x. As more users enter the market and form a larger economic scale, it will gradually return to the mean and have a development rhythm and growth multiples similar to other industries.

The probability of 10x or 100x in the cryptocurrency world is getting lower and lower, and most people’s income is growing at a slower pace, or it takes longer to achieve exponential growth.

If you believe in BTC and the future of the crypto market, you can also become a holder and gain more than other industries in the next 5 to 10 years, but this holding process is not short-term, you need to be a friend of time and get rich slowly.

Summarizing the ups and downs of the cryptocurrency world over the past three years, some people did make quick money, 100x futures, 1000x MEME; some people cashed out at high points and accumulated huge wealth in the cryptocurrency world.

Wealth circulates in different wallets. Some people make a fortune, while naturally there are also people who lose tens of millions to nothing, leaving behind a sigh.

It may be difficult to get rich overnight in the cryptocurrency circle, but it is still an opportunity for ordinary people. This counterattack may take 5 to 10 years.

Only by being able to endure loneliness and hold on for a long time can you reap wealth. What you earn quickly by luck will also be lost by strength.

It is not easy to earn more value. You need more waiting, more patience, or more skills and more effective execution.

Futures accelerate the flow of wealth

Some people make money by holding on, which requires a lot of patience and the faith to weather the ups and downs;

Some people make money through trading, which requires overcoming fear and greed; some people make money through futures, which requires one in a million luck and heart.

I still believe that the crypto market is an opportunity for ordinary people to make a comeback, but not everyone can succeed easily. I wish you all good luck.