Some people say: Ethereum in 2024 is very bad and can't get up
Objectively speaking: before August 2023-2024, yes
It neither broke the previous high nor led the Ethereum series of currencies to "break out of the siege"
Especially these few big drops have become the fuse, and the price has fallen again and again, without any responsibility as the "second place" in the currency circle.
This makes ETH holders the biggest group of victims; the greater the hope, the deeper the disappointment.
Why will ETH be so "bad" from 2023 to August 2024?
The answer is simple: because the market value rose too much from 2020 to 2021.
So powerful that it overshadowed BTC’s fame
In the past two years of the last bull market, countless coins have far surpassed Bitcoin in terms of popularity and growth, which was not seen in the two major bull markets in 2013 and 2017.
As the saying goes: Everything goes to extremes and then turns to the opposite. Besides, Ethereum is only the second largest after all. Under the impetus of market sentiment, the price has soared steadily, and the number of fans has also increased exponentially. Invisibly, the bubble is also expanding rapidly.
Therefore, the bear market in 2022 started with a "thunderstorm", a cliff-like drop, such as the collapse of LUNA and FTT, which saw the market value of hundreds of billions of yuan return to zero, which directly confused retail investors.
In the bear market of ETH in 2022, the time and magnitude of the wash are not enough. I also wrote about this in my article at the beginning of 2023: ETH's performance in the future must be weaker than BTC, and 2023 will be a bull market.
Time flies by quickly, and people forget things.
At the beginning of 2023, I said that BTC would rise sharply, but in the second half of the year, BTC continued to rise.
At the end of 2023, I said that there would be a big bull market in 2024, but I was also questioned. Can ETH continue to rise after September? We need to wait until the end of the year to verify it.
After two years of shocks, the bubble of ETH has been almost digested. Although the price is not low and has not dropped below 2,000 US dollars, if you stand at the top of the bull market and look at it now, the price of ETH is not high.
This expectation comes from comprehensive analysis, not based on feelings or random talk. Regardless of whether the outside world believes it or not, I definitely believe it 100%.
People are paying for their own cognition, and the result is just a manifestation.
Don't look for external excuses. No matter what the reason or who caused you to make these choices, they all come from deep in your heart: habits.
These habits will only become apparent to you when you make a big mistake.
Don’t be fooled by the market situation from 2023 to August 2024. There will be no chance for retail investors to talk about BTC anymore.
The transition between prosperity and decline is just a thought away from everyone.
This thought includes: world view, values, outlook on life, etc.
It is difficult to make money, but it is extremely easy to lose money. This is the law and the truth.
Retail investors only focus on money and make choices, and end up losing both money and people
The main force focused on opportunities, eliminated risks, and finally won a great victory
Finally, I hope everyone can be more optimistic, happy, and sunny. Cryptocurrency trading is a boring industry. Countless people are trapped in the K-line trend. They have no family, no hobbies, and no confidants. Please don't do this.
Always think that you will have everything after making money. Once you have this idea, just look at the results of most people who trade in cryptocurrencies in the community.
In addition, some people may think that Ethereum is no longer viable because of its poor performance in the past year?
But I tell you, his performance during the bull market will definitely drop your jaw. Just look at the picture.
The picture shows the exchange rate of Ethereum to Bitcoin. Have you seen it in 2017 and 2021? As long as the bull market comes, Ethereum can double compared to Bitcoin in just two weeks, and it will rise very rapidly, doubling in just one or two weeks.
So don’t worry later, because you see that the market is only recovering slightly now and its increase is already twice that of Bitcoin. When the bull market starts, you will see it soaring to the sky!
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