Crypto Arena: Thriving in the PvP Market Battle
To begin with, I’d like to explain the different types of markets and why the market is currently in a PvP stage.
According to the opinion of Degen Spartan, there are two market modes: PvE and PvP (analogous to video games).
In PvE mode, you trade against newcomers who generally know nothing about the market, making it relatively easy to outsmart them. In this mode, your main goal should be to accumulate the maximum amount of fiat currency.
In PvP mode, however, you trade against experienced crypto traders. In this case, everyone tries to devise a strategy to outperform others, and since others are not idle either, you have to constantly improve or even come up with new strategies for successful earnings. In this mode, your main goal should be to accumulate the maximum amount of BTC/ETH.
Currently, we are in the PvP stage of the market. This can be understood from these factors: a constant decrease in the supply of stablecoins, meaning liquidity is literally draining from the market (since May 9, 2022, the total supply has dropped from 186 billion to 124 billion, you can see it here), funds’ investments in projects at levels from 2018–2019 (projects lack funds from investors -> they have nothing to distribute to the public -> the public doesn’t have money to buy worthless altcoins), apart from meme coins and short-lived DeFi Ponzi schemes, nothing is being pumped.
So, what should you do now?
Many Twitter users advise “lowering your IQ” and buying meme coins, but as I mentioned in one of my previous posts, in 99% of cases, only “degens” and sellers of “shovels” (software for meme coin speculation) profit from meme coins.
My advice is that if you don’t have the skills to outplay most experienced crypto traders, it’s better to simply wait out this market stage by buying BTC and ETH. In this case, inaction in terms of both money and saved nerves will be much more profitable than taking action.
If you still can’t stay idle, engage in retro drops, try creating your own projects (you might not earn much, but at least you’ll gain valuable experience to use in the future), develop your social networks (given the current attention economy, having your audience guarantees that you can earn through advertising, promoting your projects, or anything else).
But if you’ve already lost a lot in the market over the past couple of years, as a wise person once said, “If you’ve lost everything, at least be happy that you’ve got nothing left to lose.” In this case, on the current market, you’re unlikely to earn much, as good earnings often require substantial investments. So, I recommend finding a job at a factory or working for someone else and simultaneously trying your luck where serious investments aren’t needed, gradually rebuilding your capital with caution.
