1. Does making big money rely on technology? No, it depends on the market, or the general market trend, and the supporting trading system that can set goals, maintain a mentality, and resolutely implement the rules during the ups and downs of the general market.
2. The higher the level of the market, the less it has to do with technology, and the greater the error tolerance rate for operations. All you make is money blown by the strong wind. At the same time, the higher the requirements for mentality. As long as you abstain from greed, you will earn more and less. difference.
3. The smaller the market level, the higher the technical requirements, the smaller the operational error tolerance, the higher the transaction cost, and the harder it is to make money. Concussion is the period when it is most likely to cause trouble.
To make money by investing in the currency circle, the most important thing is to understand your abilities. You need to know what money you can earn and what money is beyond your ability.
There are indeed people in the currency circle who make money by playing with contracts, betting on bullshit, and short-term speculation, and even get rich overnight. To play contracts and short-term speculation, you must have a very high technical level and trading sense. Only a few people can be suitable for these operations and make money. If you want to imitate others in playing contracts and short-term speculation, first ask yourself, do you have the skills and abilities required for these operations? If you don't have it, you rush in and just give money to others!
If you don’t have the skills and abilities required for the above operations, will you have no chance to make money in the currency circle? of course not! For most ordinary retail investors, if they learn to read trends, learn to identify valuable and potential projects, follow the trend, and operate in the medium and long term, the chances of making money are still great! From today on, don’t be careless, study hard, improve your knowledge, and choose operations that suit you. When the bull market comes, you will definitely make money! come on!
Ordinals secondary market transactions continue to be sluggish (Figures 1 and 2), while the performance of Inscription in the primary market is not bad (Figures 3 and 4), indicating that a considerable number of people still have expectations for the market outlook. Will there still be a bull market in the Ordinals market?
Establishing investment thinking in the crypto field
Investors who have had some experience in the crypto ecosystem have probably encountered the following situations: some projects that clearly look unsustainable suddenly become popular, some projects with obvious logic problems suddenly rise, and some projects suddenly become popular. Projects that obviously followed an abnormal path suddenly appeared on the "hall of elegance"... Although these projects eventually appeared as prototypes and eventually died, there are some players and some sensitive investors who can seize the opportunity. Take advantage of such fleeting opportunities and become rich and famous overnight. After seeing too many examples like this, many investors will sigh like this: As long as they can make money, it doesn’t matter what the project is. In turn, many investors will form the habit of chasing hot spots and following the trend driven by this kind of thinking--no matter what the project itself is, as long as it becomes a hot spot and has a high probability of making money in the short term, then it will be possible. Catching one is a matter of "no matter what project it is." This may seem reasonable, but in practice, I have observed that this type of investment is difficult to sustain in the long term. why? Because this kind of investment method lacks investment logic or a fundamental investment main line. Even if an investor who invests in this way seizes the opportunity to make money in a hot spot, he may not really understand why this hot spot is hot? How long will this heat last? Is this craze a value discovery or a short-term hype? In other words, it is difficult for investors to understand where the real hot spots of this project are and whether there is room for continued growth in this hot spot.
Base chain official cross-chain bridge: https://bridge.base.org/withdraw, it takes 7 days to return to the Ethereum main network
Unofficial cross-chain bridge:
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Rising tide lifts all boats, stablecoin supply determines market trends
There is a saying that "a rising tide lifts all boats". The water in the financial market is the amount of funds. Only the amount of funds can drive the price rise. Therefore, the most critical indicator to judge the market trend is the growth of the amount of funds. And specifically in our crypto circle, it is stablecoins. of supply. The crypto market has recently fallen into a bear market and cannot extricate itself. The main reason is the lack of incremental funds. In other words, the supply of stablecoins has not increased but has fallen, which determines the current bear market state.
The market bottomed out a little bit in the past two days, and yesterday it once reached around 30K. At this time, there were leeks in the market that did not shout "the cows will come back soon". It is normal for this kind of recognition to be harvested. Unsurprisingly, after rising to around 30K, the market fell back to around the 29K integer support level. The judgment of the market should be based on a comprehensive analysis of market fundamentals, capital and technical aspects, rather than calling bulls back as soon as they rise.
It is normal for the market to rise and fall. To master the ability to judge trends, you need to learn more and improve your cognition.
In the bear market, formal projects have no profit-making benefits, so Dogecoin MEME coin came into being. At this time, retail investors should guard the bullets in their pockets and not be fooled by coins that are a hundred times or a thousand times. The lessons learned from the BASE native dog in the past two days should be remembered well.