I am Lao Bai, and I'm here to update everyone again! This week, the crypto market has seen a pullback, and everyone has started to fall back into anxiety! Many friends who were silent when BTC was at 120,000 and Ethereum broke 3,500 have started to become active, but the way they are active is: 'Is it my turn to pay again this time?'
Has crypto ended?
Lao Bai first expresses his views, it is not over yet! Even in a bull market, a pullback is very normal! At any stage, all kinds of voices can make people panic and FOMO! In other words, as long as there is a pullback, there will be moments of 'mutual insults'!
The biggest positive this round is coming from Ethereum! Capital has started to intervene, but is such a grand display merely to raise the price for a wave of unloading? If this were a small project with no vision, this would be common, but for traditional capital, this is not common!
In this ups and downs process, various situations are created to make everyone give up their chips, and in the end, they buy back! This process will not just end all at once! So Lao Bai remains confident about this!
In the community, I let my friends who missed out on Ethereum this round take a layer of spot positions! Of course, the above views are not investment advice!
In fact, regarding the market outlook, Lao Bai believes it is not over yet, but a lot of information is complex and intertwined; if you get too deeply involved, it may not be a good thing for retail investors! After all, both energy and attention are limited!
Friends who are familiar with Lao Bai know that Lao Bai's biggest outcome is in Bitcoin and this round of Ethereum! Although countless opportunities have emerged in this process that could change one's destiny, such as inscriptions, Bitcoin ecology, various memes, and earlier Ethereum NFTs (like Bored Apes, etc.).
But I still focus on doing what I believe will yield results! I make good layouts on the things I am most confident about, provide more capital, and then stretch out the time to wait for the harvest! Maybe I won’t necessarily make more money than everyone else, but this is the action within my cognitive scope! Taking this opportunity to share with everyone! And once again sharing this poster with all my friends!
Is it hard to make money this round?
I believe everyone has a very clear feeling that this market cycle is extremely difficult for retail investors! The reason is undoubtedly the reduced margin for error; after all, issuing coins is incredibly easy nowadays!
And as the number of targets increases, the incremental capital in the market is far from keeping up with this speed, which is also the core reason why the 'shanzhai season' has not yet arrived! As an old player, Lao Bai's perception is particularly obvious; in the past, as long as there was a concept, when the market came, it didn’t matter what the situation was, it could easily hit the ground ten times.
Now in this situation, taking this wave as an example, many low positions coming up to double is already great, this comparison is too obvious, like@WalletConnect and WCT, there are too few strong performers in this round! This is also the core reason why everyone isn't making money!
Seeing the essence through the phenomenon
The crypto circle is a market filled with various voices, anxious, fearful, FOMO, and many times we are influenced by this noise, leading us to overlook that our accounts need to grow in reality!
Many people expect to capture every opportunity, buying low and selling high, buying at the lowest point, selling at a relatively high point, then buying back, and finally selling at the peak! But truly executing this, everyone can ask themselves if they can do it; Lao Bai believes that if they could, they wouldn't be in the group saying 'Teacher, which one to chase today'!
So returning to reality, Lao Bai believes that large positions should still be made with certainty! For Lao Bai, it's dollar-cost averaging, and for everyone else, it might be something different! But in any case, don't be swayed by the noise, and don't fall into the FOMO mentality; this is the first step we need to take!
Perhaps everyone thinks Lao Bai is being a backseat driver, or that the current price is too high, but Lao Bai wants to say, when I dollar-cost averaged into Ethereum, everyone thought at the time, 'Ethereum is a pile of crap'!
Summary
Let's summarize, Lao Bai believes that the main narrative so far in this round is Ethereum backed by capital! The Ethereum ecosystem series, everyone should keep an eye on it; correspondingly, the previous hot narratives (AImeme), NFT... and many other sectors that haven't risen likely also have opportunities for catch-up! Of course, all the above content is just personal opinion and not investment advice; friends, DYOR!
