Shenyu said, the bear market is coming, what do you think?
Shenyu is a very senior old man in the circle, a man who often feels confused because of too much money. He participated in the mining of BTC, LTC and ETH very early and has rich industry experience. When he was 23 years old and still a graduate student, he had already earned 100 million. At that time, he had been in the industry for less than two years. Until now, money has continued to flow into his wallet like a flood!
In March this year, when the industry was booming, some warned that a bear market for altcoins was coming, but recently they believe that the bear market may last for more than a year.
Alas, prepare for the worst, hold the best expectations, and be prepared to endure another 16-19 months.
What do you think of this view?
As an ordinary retail player, the first element to making money in this market is to have off-market income, that is, you can guarantee basic living without cutting losses after being trapped. As for borrowing, all-in, and high leverage, they may eventually lead to the collapse of your life.
In the worst-case scenario, it is still possible that the bear market will last for more than a year. The current market sentiment is even worse than the 2022 bear market.
The current market situation: no ecosystem, no narrative, all concepts have been hyped up, ETF funds are no longer buying in large quantities, and most of the high-market-cap altcoins are still continuing to be unblocked and suck blood; and the AI technology sector that supports the U.S. stock market has shown signs of weakness after more than a year of hype, and the economy is on the brink of recession.
There are still many people who disagree with Boss Shenyu’s point of view!
Does Shenyu think the bear market is coming? Since the boss of Shenyu mentioned the prediction of "there will be no copycat market in this bull market" in April and May this year, this view is basically correct now. In addition, Shenyu also believed in late July that "be prepared to endure another 16-19 months", which means that the cryptocurrency market has entered a bear market.
It is undeniable that the boss of Shenyu has much more wealth than me, but the more wealth he has, it does not mean that the more accurate his grasp of the market will be. I personally hold a different view.
The more such remarks as Shenyu make, the higher the probability of a big market at the end of this year. Because the market always rises in uncertainty and doubt, and always falls in carnival. Opportunities come from falling, and risks come from rising.
Some people opposed it, while others agreed. Qingtian can only say that different people have different opinions!
In the most recent interest rate cut cycle, Bitcoin fell directly from around 13,000 in July 2019 to 3,800 on March 12, 2020. That is to say, after the interest rate cut, although the decline time was not long, the magnitude was still very scary. Even if the March 12 decline was due to various special reasons and was rare in a century, a 50% drop was very natural and not extreme.
If the US economy is in recession in Q1-Q2 next year, there will be a golden pit (the last drop, similar to the last drop on March 12), and then the market will be immediately released. The real crazy bull market like that in 2021 (please note the wording, I wrote a crazy bull market similar to that in 2021) will indeed come after the second half of the year.
Do you still remember 312 in 2020? After 312, the market was released, and then the real bull market did not appear until Q4. However, from March to October in 2020, it was a fluctuating rise.
Now Bitcoin already has a spot ETF, and the total holdings have reached more than 16 billion US dollars. This is very critical to the stability of Bitcoin. In other words, the fluctuations will not be as huge as before. It is probably irrational to think that Bitcoin will fall to 10,000 or 20,000, but if it falls below 50,000, we will have to wait and see.
Haha, Shenyu said, the bear market is coming, what do you think?
It doesn’t matter what I think. What matters is that time will give the answer.
Finally, let's take a look at the classics of Shenyu:
I just entered the market with a limited amount of funds, no more than 100,000 US dollars. At this time, I should study hard and practice bravely. I devoted myself to the core track airdrop of DeFi and the whitelist mint of popular NFT day and night. Although this road is difficult, it takes a lot of time to collect information, analyze and research to judge the potential of the project, and have strong execution and perseverance to get the wool.
When the funds increase to between 100,000 and 1 million USD, avoid leveraged speculation and stay away from contract-based games. Instead, explore new public chains and L2, follow the rules of the time machine, look for potential projects, obtain chips at low prices, and look forward to finding your own 10x coin. When the funds increase to 1 million to 10 million USD, choose a currency standard, either BTC or ETH, conduct in-depth research, trade appropriately, and repeatedly warn against short selling!
Use low-leverage DeFi lending protocols, such as Dydx, to improve the utility of funds. In addition to trading, you can also get token rewards. It is advisable to observe more, arbitrage more, stick to the currency standard, and pursue its growth. Don't be greedy for every hot spot and every penny. Use arbitrage, staking, etc. to obtain a stable cash flow, calm your mind, and leave wealth growth to time and industry development.
When assets accumulate to tens to hundreds of millions of dollars, it is a small success. At this time, you should improve your family's life, broaden your horizons, improve your fitness, and enhance your cognition and network. Hold on to core assets, avoid big pitfalls, and pursue low-risk appreciation and good cash flow. Stay away from contracts, don't start a business easily, and beware of traps.
Keep your currency-based assets to avoid missing out on opportunities; at the same time, hold stablecoins to meet your needs and be able to take action when the market is falling. Take one-tenth to one-fifteenth of your assets and invest them in the track you are optimistic about. You can enjoy yourself and avoid the danger of being left empty-handed. Therefore, the road of crypto investment is like sailing on the sea. You must be cautious and keep learning to cope with changes.
Since you have read this far, please follow and like before leaving. I am Qingtian, an old investor who sincerely wishes you to get rich!
