Can the crypto world still be a platform for ordinary people to counterattack?

Today, September 4, the crypto market has another sharp drop, and BTC has fallen below $56,000. There is no wealth effect or hot spots in the crypto market recently.

For the first time in more than three years since I entered the circle, I felt that the market was deserted. From the accumulated experience and knowledge of the currency circle, no matter what the market is, there are wealth stories from time to time, but there are almost none this year.

In 2021, BTC skyrocketed, various chain games were hot, NFT went out of the circle in 2022, various hundred-fold MEMEs were launched, and inscriptions and runes were popular in 2023, and the BTC ecosystem ushered in exponential growth.

Entering 2024, the market has become quiet, not only because of the cyclical low point of the crypto market every four years, but also because of the global economic environment.

Whether it is the offline economy, the global stock market, or the crypto market, liquidity is very poor, and “alive” has become a keyword in all walks of life.

The current price of BTC is more than $56,000

There is no market and no hot spots, and there are fewer and fewer discussions in the community.

A friend in the group asked a question: Can the current crypto market still be an opportunity for ordinary people to counterattack?

In the currency circle of the past few years, holding BTC or ETH, or even DOGE, can take off when the market comes, and holding it can reap several times the income;

Catching up with the NFT trend, such as Bored Ape or AZUKI, it can rise from a few ETH to dozens or hundreds of ETH, and in a short period of time, it is possible to double or 10 times;

In the era of inscriptions, from the initial freemint to ORDI up to more than 90 US dollars, tens of thousands of times of income; Rune Stone airdrops made early active players on the BTC chain earn a lot of money.

There is also a chance of a hundred times if you are lucky to rush to the local dog MEME, although there are also many people who run away and return to zero in the primary market.

In these hot spots, only 1% of the early participants seized the opportunity, and none of those who took over later were trapped, but the market has liquidity, players believe in miracles, and wealth stories will spread, but now the market is silent and has no vitality.

Bored Ape floor price 11.59ETH

The crypto market continues to develop, and there are fewer and fewer opportunities for 100x. As more users enter the market and a larger economic scale is formed, it will gradually return to the mean, with a similar development rhythm and growth multiples as other industries.

The probability of 10x or 100x in the currency circle is getting lower and lower, and most people are earning income at a slower rate, or it takes longer to achieve multiple growth.

If you believe in BTC and believe in the future of the crypto market, you can also become a holder and get more income than other industries in the next 5 to 10 years, but this holding process is not short-term, you need to be a friend of time and get rich slowly.

Rune stone that once rose to 0.1BTC

Summarizing the ups and downs of the currency circle seen in the past three years, some people do make quick money, 100x futures, 1,000x MEME; some people cash out at high points and leave, accumulating huge wealth in the currency circle.

Wealth circulates in different wallets, some people make huge profits, and naturally some people go from tens of millions to zero, leaving a sigh.

It may be difficult to get rich overnight in the cryptocurrency circle, but it is still an opportunity for ordinary people. This counterattack may take 5 to 10 years.

Only by being able to endure loneliness and holding for a long time can you gain wealth. What you earn quickly by luck will also be lost by strength;

To earn more value is not easy to achieve, you need to wait more, be more patient, or have more skills and more effective execution.

futures accelerate the flow of wealth

Some people make money as holders, which requires great patience and the belief that they can withstand ups and downs;

Some people make money by trading, which requires overcoming fear and greed; and some people make money by futures, which requires one in a million luck and heart.

I still believe that the crypto market is an opportunity for ordinary people to counterattack, but not everyone can succeed easily. I wish you all good luck.

The above is just my personal opinion, no investment advice. I am CryptoLola, I am paying attention to the crypto market and web3.

Can the crypto world still be a platform for ordinary people to counterattack? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.