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Current Status of Cryptocurrency Industry
Take a look at the current status of the cryptocurrency industry:
Total market value: 2 trillion
Btc+Eth: 1.4 trillion (Btc=1.12 trillion Eth=0.284 trillion)
Stablecoin: 0.17 trillion
Other altcoins: 0.43 trillion
Of which Btc+Eth accounts for 70%, stablecoin 8.5%, and other altcoins: 21.5%
Before the last bull market, the total market value of Btc was about 270 billion, 72 billion, and the rest of the altcoins were 140 billion
Compared with the last bull market, Btc increased by 4.1 times, Eth increased by 3.9 times, and the rest of the altcoins increased by 3 times.
So, after 4 years of bull-bear cycles, Ethereum did not outperform Bitcoin, and the altcoins did not outperform Ethereum. In addition, Bitcoin and Ethereum both increased by about 4 times on average, 4 times in 4 years, but the altcoins seemed to have collapsed, and many people suffered very, very, very serious losses. The reason is that although the total market value of the altcoins increased by 3 times, the number increased by more than 30 times. Therefore, many altcoins have actually been falling for a long time, especially in the past six months, many altcoins have fallen by more than 80-90%, and many mainstream altcoins have also fallen by 60-80%.
This brings us back to another topic, that is, the market value share of Btc+Eth is still 70%. In the past 6 years, the total market value of Bitcoin+Eth has basically accounted for 70% or even higher in the entire industry. Therefore, except for the specific time window of the main bull market or the outbreak of some new sectors, the proportion of Btc+Eth in any crypto holding at any time must be 70%, or even more than 80-90%, for investment to be safe, otherwise it is easy to have systemic risks.
Many people feel desperate about the current market and see no hope of making money. However, in the past history, whenever 90% of people collapsed and despaired and left the market without caring, the market was quietly brewing. Kong Ge's intuitive judgment is that the market should not be far away. Now to the end of the year, we should pay more attention to market dynamics. If there are new opportunities and outbreaks, we must participate as soon as possible and exit in time. If you enter the market late, it is often difficult to exit.
