BTC is $58,000 Can you still make money in the crypto market?
I didn’t pay much attention to the crypto market during my vacation some time ago. The market went up and down, and the account balance was sometimes high and sometimes low.
When I introduced what cryptocurrency and blockchain are to new friends, and discussed how to make money in the crypto market, I couldn’t give any effective advice.
If you don’t have too much time to watch the market, don’t participate in a certain MEME at the first time, and don’t play contracts, it’s not easy to double your money quickly.
In 2009, the Bitcoin program was launched and everyone can get it for free;
$1 of electricity can mine about 1,000 BTC, the initial cost is $0.001, and the current price is $58,000, an increase of 58 million times in 15 years.
Of course, these data are meaningless.
After all, almost no one holds a BTC from beginning to end, and almost no one believes that the BTC obtained for free at the beginning will rise to nearly $60,000;
Just as most people now cannot predict whether BTC will continue to double or return to zero in 10 years.
If you enter the crypto market now, can you still make money in the currency circle?
Two friends of mine both entered the cryptocurrency market at the beginning of this year, one played spot and the other played contracts, and now they are both on the road to making back their investment.
Spot players did make some profits under various MEME market conditions at the beginning of the year, and their account balances once tripled;
But under the MEME plummeting market conditions in the first two months, the account balance dropped sharply, and part of the principal has been lost.
Fortunately, there are always opportunities for spot trading, but I don’t know if the MEME in his hands can rise again.
Contract players invested 50,000 USDT, which once doubled to 450,000 USDT, but also exploded in the extreme market conditions some time ago, and currently lost 20,000 USDT.
Now adjust the contract strategy, hoping to make it back in the future market and continue to find wealth opportunities in the crypto market.
If you are optimistic about the future of the crypto market, any time is an opportunity to enter;
But for players who have no time, energy, or technology, it is not easy to double.
Treating the crypto market as another way of investment and being a friend of time may still give you a chance,
but being a holder is not easy. There will be a disruptive development phase in the market, and you will also have negative emotions about the market and the future, so it is not easy to hold on.
Blockchain may have greater development in ten years, and cryptocurrencies may have more use cases,
but this process is full of risks and unknowns, and it may succeed or fail. The investment is continuous and requires a long time to verify.
Treating cryptocurrencies as one of the asset allocation methods and putting it in a longer time period may bring unexpected surprises,
but the investment may succeed or fail, and there are certain risks.
The crypto market is currently in a bear market, with no hot spots and little liquidity, and the various currency communities are not as lively as before.
Investment is a long-term process, with bull and bear markets constantly switching.
The current market rarely has 10x or 100x opportunities in a short period of time, but compared with other industries, there are still more opportunities and it is relatively fair;
There are fewer and fewer stories of getting rich overnight in the currency circle. Only those who keep their original intentions and have faith can stay in the market, and those who stay in the market must also benefit.
I hope everyone can harvest their own wealth stories and opportunities in it.
The above is just my personal opinion, no investment advice. I am CryptoLola, I am paying attention to the encryption market and web3.
