The current market is a paradise for memes. Apart from various memes, there are still no new narratives in the market.
The market entered the correction phase on April 1st. As of the end of this month, it has been a full six months of adjustment. During these six months, I have been suffering just like everyone else and have been baptized by this market.
Back and forth, what is tested more is human nature, patience, and whether we can bear the torment brought by the wash! Many friends cut their losses and left the market in this process. There is no other way. Maybe most of them need to make a living. Not many people really use their spare funds to play.
BTC is now around 63,000, ETH is now around 2,600, BTC is about 15% higher than the highest point of 73,777, ETH is still about 35% higher than the highest point of 4,093
Over the past week, the on-chain market of the ETH mainnet can no longer be described as simply "lively". Bao's interest rate cut has revived the already active on-chain market: there is a golden dog every day, and there are two or three waves of market every day on weekends. The mainnet Gas also soared to around 70Gwei. It is expensive to breathe on the chain.
As for the recent on-chain market, it is more accurate to describe it as "separatist chaos". The weekend, which is fleeting in the eyes of workers, is quite saturated and fulfilling for on-chain players.
However, as the market has evolved, new concepts are obviously not enough to satisfy PVP’s enthusiasm. The Meme market has upgraded from “finding concepts” to “rolling angles”: as soon as a new hype concept appears, various tokens with the same name emerge like mushrooms after rain, and various new, old, big and small self-justifying angles take turns to play.
The rotation of various narratives has brought about a market value of tens of millions of yuan one after another, and various myths of getting rich quickly have also appeared one after another. However, in the on-chain market, there are stories of "getting rich quickly", and naturally there are also stories of "losing money quickly".
Some so-called "narratives" that arise in an instant are often untenable. The fragile enthusiasm that arises from a celebrity's words can also be extinguished immediately because of a word.
However, this "fragility of narrative" was precisely exploited by the conspiracy group, who set traps for players one after another to manipulate human nature during this passionate weekend.
The circle is really sad now. Since the half-year wash-out stage, people have become more and more disgusted with VC copycats with high market value, but there are always people in the MEME circle. It is really sad when a circle has only one narrative. The current copycats really have no stories to tell...
Although people complain about the single narrative in the cryptocurrency world, there is no shortage of opportunities to make money?
In the past two days, whether it is Neiro or DOGGO or Hippo IP or Musk's Mars, they are all filled with hundreds, thousands, and millions of times myths.
The whole industry is discussing memes. Only memes can cause carnival and discussion.
It’s the sadness of the industry
But it also shows that a huge change is about to happen in the industry
There is never a shortage of opportunities in the cryptocurrency world. Even in a bear market, there will be several coins that increase tenfold in a year, and Bitcoin will have an increase of more than 30%. Not to mention the bull market, there will be many coins that increase hundredfold and several thousandfold in each round. Do you say you lack opportunities?
You tell others that you are the evangelist of this industry! You want to be the builder of this industry, but when you open your wallet, you see that the 3-digit USDT is guarding your 64-digit wallet address. What’s the point?
Be a vulgar person, greedy for money! Lustful! But a gentleman loves money, but he gets it in a proper way. A gentleman loves a beautiful lady. 99.99% of people come to the cryptocurrency circle to make money, and there are very few who want to change the world, but you and I are not.
Since we are here to make money, all our actions should be carried out for the purpose of making money.
at last
The market environment is constantly changing, but the fact that the market is a negative-sum game remains unchanged. Be flexible and adaptable according to the situation. Don't be blinded by survivor bias, and don't blindly go all in. Always remember that the majority of people are still losing money.
