Someone get 10 times in the crypto market, someone lose all ssets
A Twitter player said this.
In 2018, he spent 1.7 million to buy a house. This year, he needed money, but he couldn’t sell it for 1 million. He had to take out a mortgage for urgent need of money, but he only borrowed 700,000.
At present, the transaction volume of houses in various cities is relatively sluggish, and the real estate market is priced but not marketed. The transaction volume has shrunk greatly, and real estate companies in many regions are struggling to maintain operations.
This player was too obsessed with futures in April and May this year, which led to a liquidation and almost zero assets.
He has been struggling in the crypto market for many years, upgrading and fighting monsters all the way to 2024. The last round of bull market brought him huge profits, but the contract profit and loss was too large. No matter how much he earned, if he didn’t put it in the bag, he might return it to the market in the end.
In 2018, the price of BTC fell from more than 17,000 US dollars at the beginning of the year to more than 3,200 US dollars at the end of the year, with the largest annual decline exceeding 80%.
If he had bought BTC with 1.7 million instead of a house, he could have bought more than 70 BTC at the low point, which is now worth more than 20 million yuan, making he a multi-millionaire and able to sell at any time; but today, 700,000 yuan can’t buy 2 BTC.
Of course, if he put it all in the crypto market, he may lose all the futures, and he won’t even have a house, nor the 700,000 he can sell his house for.
The crypto market is full of huge uncertainties, and no one knows what the best outcome is; some people make money and some lose money, and the currency circle has greatly changed the way assets are distributed.
Recently, the price of BTC has fallen from more than 70,000 US dollars to more than 50,000 US dollars, falling for 4 consecutive weeks. The huge drop has caused both spot and futures to be trapped, and the market is not active.
Without sufficient liquidity and new narrative hotspots, various communities are silent, and everyone is waiting for the next round of opportunities.
From the recent profit opportunities, the airdrop for staking JUP at the beginning of the year has finally been launched. According to the staking income ratio, the staking income is about 10%. Staking 1,000 JUP can get 100 JUP airdrops, but the airdrop unlocking time is 30 days.
The 10% income is not bad, but the JUP price has also fallen from the high of $1.8 to $0.79. If you don’t buy JUP staking at the initial price of 0.5u, and buy it at a high point, the airdrop income cannot offset the loss of the currency price drop.
If it is a long-term position, it doesn’t matter.
I have been paying attention to the TON ecosystem recently. There are many zero-cost mini-games. These mini-games are very similar to the previous WeChat mini-games. Many of them are operated and launched by domestic teams.
Relying on the 900 million user base of telegram social tools, mini-games have good players and activity, but whether there is a wealth effect is the ultimate goal of players.
For example, NOTCOIN was launched on Binance, allowing many early game players to obtain certain airdrop income. The recent Telegram Cat, Telegram Squirrel, and Telegram Travel Frog launched in internal testing are all games in the TON ecosystem.
Without other new gameplay, zero-cost games may attract a new wave of traffic. The current price of TON is US$7.4, and its market value has ranked TOP8. It is a new public chain with high popularity. I don’t know if it can shine in the next bull market.
Each market has a specific development law, and there are limits to ups and downs, and no one can accurately predict it.
Just like it is impossible to predict the trend in ten days or half a month, will it soar or plummet, or go sideways? The market fluctuates back and forth. The important thing is how to participate in long-term games, how to stay in the market, and continue to gain benefits.
The above is just my personal opinion, no investment advice. I am CryptoLola, I am paying attention to the encryption market and web3.
