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The price of Bitcoin once again exceeded US$41,000. In the past few months, it had been fluctuating at more than 20,000 US dollars, and it took just over a month to rise to a stage high of US$41,800.
This price has returned to $40,000 since April 2022.
At the beginning of 2023, the price of BTC was 16k, with an annual increase of more than 150%. Those who bravely entered the market or added positions at the beginning of the year can make money now.
After the price of Bitcoin rose, various brc20 and memes rose to varying degrees. Ordi, the first BRC20 token, broke through a new high. After rising for 4 consecutive days on November 30, the price rose to a historical high of $44.5.
Of course, every time there is a big rise, some people are happy and some are sad. Most people are not happy because they did not predict such a huge increase.
Some people added less positions and made less money,were unhappy; some people went short and failed to keep up with the band,were unhappy; some people went short and went in the wrong direction and were unhappy; some people bought all kinds of meme were unhappy after returning to zero.
It is difficult to predict the rise and fall of the market. Without in-depth analysis and research, it is difficult to predict trends.
Two days ago, a friend said that he invested 100,000 yuan last year and now only has 12000 left;
He bought DOGE,SHIB and several popular tokens last year, but they would have dropped 88% today. Now he don’t know whether to clear out and sell them all, or to ambush the next 100x coin.
He asked me to give him a 100-fold chance of recommending the next one. Which one can he buy? There is nothing I can do.
If I could really know which is the future opportunity, wouldn’t I become rich overnight? Why would I need to work hard on self-media, learn web3, and pay attention to the encryption market?
For individual players who don’t have time to research, can’t keep up with hot topics, and can’t follow the narrative, BTC may be the best choice.
ORDI minted one piece from a few dollars in the beginning, and now the price of an ORDI has exceeded 44 dollars. Someone has no technical foundation, cannot understand the ordinals protocol, cannot use the web3 wallet, and cannot mint on the chain. Naturally,he cannot grasp the brc20 chance.
Even when Ordi launched Binance with a $10 opportunity, most people couldn’t understand it, didn’t follow it, or didn’t know about it at all.
Nowadays, all kinds of BRC20, such as sats, rats, mice, drag, etc., are still only games for a few people. If you have the cost of trial and error and are not afraid of losing money, you can try it. If you succeed, you will have a hundred times the chance. If you fail, you will lose gas fees.
Of course, there are also many people who have lost thousands of dollars to played various BRC20, but there is still no return.
The market follows the 80/20 rule, and only a few people make money; most people can only make money within their cognitive range. If you don’t understand brc20, don’t know how to cast on the chain, don’t know which one is a hundred times, is it possible to track a relatively certain opportunity?
For example, BTC was 16k at the beginning of the year and is now 41k, an increase of 151%; ETH was 1,200 US dollars at the beginning of the year and is now 2,250, an increase of 87.5%.
There are hot spots in the encryption market all the time. People with big ideas are thinking about new ways to play, trying to solve user pain points, and promoting the application of blockchain technology in traditional markets.
From the decentralized issuance of BRC20; to various L2s to solve the scalability of Ethereum and save transaction gas fees; to various socialfi to allow players to make money while socializing; to RWA, real assets on the chain and other defi gameplay…
New gameplays are emerging one after another. If you have spare capacity, try new ones. Spend a certain amount of trial and error costs to participate in various new gameplays. You may have unexpected results;
If you don’t understand the basic concepts, don’t fantasize about doubling your investment a hundred times a day. Just stick to the long-term strategy and avoid losing too much.
Of course, even if you choose Bitcoin as an investment target, it is not easy to hold it.
A friend sold 1.5 BTC for 26k US dollars in March. I don’t know if he regrets it now.
There are thresholds in the crypto market. Only by respecting the market and abiding by the rules will you gain.
Don’t simply envy and envy others. They must have made investments that you didn’t make at some time before, leaving behind blessings.
The above is just my personal opinion, no investment advice. I am CryptoLola, and I am paying attention to the encryption market and web3.
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