Web3 says:
When the tide goes out, you will know who is swimming naked.
In the early morning of December 16, 2023, I couldn’t sleep all night as I watched the ecology of Inscription on Twitter becoming more and more abundant. There were so many good projects in Inscription, and it was so difficult to lose money. It's like the beach is full of young girls in bikinis, it's so dizzying that you can't even find anyone swimming naked.
market situation
Since the brc20 hotspot was launched, the web3 circle in 2023 has become an inscription circle. People who caress about their hair are going to make inscriptions, people who do research are going to make inscriptions, people who play chain games are also going to make inscriptions, and everyone is running to make inscriptions.
Even if they don't know how to fight, or don't even know if they are fighting, they will still get an inscription record worth a hundred times the profit. Just send a string of inscribed messages and thousands of friends will rush in.
I checked Twitter all night, and 90% of it was about old inscription community marketing, new inscription playing tutorials, and inscription market analysis. I earned a small goal by staying up late playing inscriptions. Oh my god!
The amazing thing is that you can hardly see a thread where people lose money by playing with inscriptions. That is to say, it is difficult to lose money in this track with an absurdly high rate of return. Almost all players in it make money, with returns of 100 to 80 times. If you are not careful, you can make tens of millions and quit the circle.
True Depth
Curious and greedy, I clicked on several inscription trading platform websites. Guess what I saw?
1. Base20 platform, nearly 4 months, total transaction volume 562e, converted to US dollars: 1.23 million US dollars, the depth is very general, only sell orders can be placed.
2. Atomicalmarket platform, where the leading ones are #ATOM, #REALM, and #AVM, with a total 24-hour trading volume of 2.6 million US dollars. This trading depth is indeed acceptable, and only sell orders can be placed.
3. Etch platform, led by#ethsand #Facet, has a total 24-hour trading volume of 808e, equivalent to US$1.77 million. This is also possible, but you can only place a sell order.
4.#BNBInscription trading platform data is not displayed and no comment is made.
5. #magiceden, @solana chain’s inscription market, the leader #Sols, has a 24-hour trading volume of 7.74 million US dollars. It can be sold immediately, but the buy order depth is only 27,000 US dollars. After 27,000 US dollars, there is a price gap of up to 87%. . .
6. Let’s not talk about BRC20. Several leading ones have already been traded as tokens, and the volume is huge. This article only talks about those inscriptions that have not yet been traded as tokens but are shouted about being launched every day.
Let’s take the highest sols as an example. What does a 24-hour trading volume of 7.74 million US dollars mean?
Have you heard of $BNT $DUSK $CLV $BAL recently? I don’t think so, because you can hardly see these coins on Twitter at the moment, but their trading volume is also $7 million. I just looked for them randomly.
The inscription masters will ask, are they as high as SOLS? This increase is indeed very tempting, but how many inscriptions with such a high increase can have sufficient trading depth? Sols has a buying depth of 27,000 US dollars. If you increase it by 1,000 times, can you sell it, or even get a buying order?
There are so many inscriptions on the public chain. You all know how much the real transaction volume is and how deep the water is. I won’t say any more nonsense. What I want to say most is the following.
Be aware of your influence
Web3 is bound to have CX, everyone knows this, but there has to be a scale. My goodness, people on Twitter talk about how much money you can make from inscriptions every day, and keep persuading people to make money. In the end, they just say that profits and losses are at your own risk and leave it at that.
In each group, people are either working on inscriptions and missing out on hundreds of times the profit, or selling at dozens of times the price.
The greater the influence, the greater the responsibility. Please pay attention to your own influence. Although you are responsible for your own profits and losses, ask yourself, don’t you make money from your fans? Please cherish your followers, because some of them really trust you, and think that a person with tens of thousands of fans should not talk nonsense to deceive them. Some of them have just entered the circle, and they really can’t tell the directions. Who hasn’t been a fresh leek?
At least consider that those who lose money are human beings too, so please show some respect to them, okay?
Disgusting market trends
The main purpose of my posting this article is of course to attract traffic, and secondly, I am really angry. Since everyone knows that the end of the bubble is air, it is better to promote it in moderation. Don't make it so exaggerated and don't make web3 a mess, okay? It is already a mess.
Or, can you please share a record of a rare loss? Can you share a record of selling at multiple times the profit and cashing in the profits? Can you, Gods of War?
Once this article is published, I am sure many people will scold me, but I have so few fans that I guess few people will see it, so I just want to vent my anger on those who have similar views as me. The discussion about the inscription is all written above, and I will not argue about anything elsewhere. Please remember this sentence, the blockchain will remember what everyone has done.
