Recently, Bitcoin has been fluctuating around 66,000. However, the entire market gives people a very abnormal depression. Bitcoin fluctuates slightly, and the copycat will fall by 5-10 points. What exactly is the reason for this? I personally think that the following points may be the cause! 1. After the ETF is passed, the entire market will gradually embrace supervision. Although blockchain is decentralized, how can it be decentralized as long as there are people? I believe that any project in the circle, except Bitcoin, as long as VC and R&D all withdraw, then this project means that it is basically useless. Since it is a centralized thing, it may be regulated under the next formalization. In the case of imperfect supervision now, it is likely to be liquidated by supervision in the future. This may be one of the reasons. 2. Although the blockchain circle is still very immature, as time goes by, the number of participants in the entire market is increasing, and the infrastructure is becoming more and more perfect. For newcomers, let’s not talk about it. For old leeks, they are becoming more and more savvy. They will not fomo because of the sudden popularity of a project or a sector. The entire fomo sentiment cannot keep up, and it cannot drive the entry of newcomers. The wealth-making effect is constantly weakening. 3. Participants in the circle no longer pay for VC. In the past, many participants were optimistic about large VC platforms and institutional platforms, but as more and more people were harvested, both new and old players began to wake up. With the high market value of various tokens listed on the market, various unlocking and release of broken issues, the confidence of the entire cottage market is gradually weakening. This may also be a reason for the rise of the inscription ecosystem. As a player, I no longer accept VC's plate. I use GAS to engrave the fully circulated inscriptions myself. However, with the birth of runes, the reason why the inscription ecosystem suddenly began to decline may also be because the essence of runes is that runes destroy the concept of inscriptions. Runes may become VC's playthings.
4. From the birth of the project to testing to issuance, from the primary market to the secondary market, NFTs and tokens have all become assembly line products. When there is no more innovation in anything and everything, and they all become assembly line products, they may become tools for capital harvesting. There is no more innovation, no new gameplay, and they are all rehashing old things, changing the skin, the packaging, and the content. The gameplay has changed slightly, but the people are still the same people, and they will always get tired of it. I know many people who play in the secondary market who don’t like new coins and like old coins. However, with the start of this wave, the old coins no longer have as good a market as the last bull market. Although it is the early stage of the bull market, this wave of bull market may no longer be as crazy as the previous bull markets. I feel that the current bull market has been affected by the overall environment and changed its original trajectory.
The above opinions are personal complaints. If you have different opinions, then you are right😀, you can comment and exchange ideas!
