Bitcoin Trading Diary 20231221 - Will the market P2E game that repeats every four years also have a recurring bull market?

 I think it's been about 4 years since I entered the coin market and started trading

I'm going to study about my past situation,

Every four years, it rises and falls based on the half-life of Bitcoin.

Altcoins Flutter More Than Bitcoin During the Rising Period,

After the fire is over, it crashes. 

In the long run, holding only bitcoin for a long time has a good return.

But the downside is that seeing altcoins going up much steeper

feel a sense of relative deprivation

People who have endured these cycles a few times endure those temptations

It's based on bitcoin

I also bought a lot of altcoins because I didn't experience the market 4 years ago

I also lost a lot of money. 

And thanks to this, it helped me understand and study the market. 

A lot of altcoins disappear. 

And among the altcoins that survived during the terrifying chill

There are things that I can ride on the grill, but I can't 

There are many things that are just buried in memory. 

In the end, the developers continue to develop and upgrade according to trends

Altcoins follow a huge flow,

Things that don't are similar to general businesses that disappear. 

But it's such a good environment to buy and sell it 

The foam is so severe that it just fluctuates rapidly. 

Before two cycles, the main character was Deepa. 

It proved that you can do something business-like with coins

It was called the next generation of finance. 

And the next cycle, four years ago

DeFi + NFT + P2E + Metaverse was the craze. 

There were a lot of coins that went up 100 times in a year or so

Some have gone up more than 1,000 times. 

Of course, there are a lot of things that are down more than 90% there now. 

What other themes will lead the fire this time?

What I'm curious about is that Depay compensates for the problems of the first generation 

In the next cycle, we're going to raise Layer 2 to solve the fee or speed problem

It introduces order books and systems of various central exchanges in a full method

It evolved and also played a role in the next Buddhist scene (not the main theme, but it's a supporting role)

In this cycle, he was the main character of the previous cycle 

NFTs, P2E, and Metaverse have upgraded like Depay 

Will you improve the problems of the first generation and participate as a supporting actor, 

Or I wonder if the theme won't see the light of day because it's completely eliminated. 

Maybe people who like marketing and the media 

I'll also come up with a new term and push it to the main theme. 

Because it's good to make people suffer. 

And isn't the thing that was popular before that out of date? 

Didn't you fail four years ago? 

I heard a lot of people went bankrupt after investing in it??

Because of these memories, I think they are supporting actors at best, not leading actors. 

But as we've seen in the evolution of DeFi 

There are a lot of speculators who are rushing to this ecosystem to get money,

There are also many real businessmen looking at the future of blockchain and betting on the possibility. 

They're not just disappearing people

Even during the cold ice age, we continued to develop and correct the mistakes of the previous generations

We are upgrading after finding improvements. 

If the developers of the projects are serious, they will climb this fireplace and bear fruit. 

And among the main characters of this theme, there are a lot of scams 

It is a theme that has not yet been verified, so there is a risk that it will pour out more steeply when the downturn begins. 

The three areas mentioned above are NFT, P2E, and metaverse 

It is the same separately, but in fact, it will be grouped into one area that is entangled and entangled with each other. 

And he played a role in this fireplace, too

It shows more practical use than it used to be 

It will grow into a main branch. 

Exy INFINITE, who was the leader of P2E during the last bull market, and some games

The reward that came out just by playing every day was about 50,000 won a day (the coins got expensive at the time)

Of course, the price of the coin has fallen a lot now. 

The person who cleaned up and came out before the downturn began would have had quite a big return. 

Invest 10 to 15 minutes a day and 50,000 won???

So, there were many people who operated several cell phones and turned them on. 

I'm definitely not encouraging you to do that. 

I trust and support projects with developers who can see the future

We need to help the ecosystem by collecting coins and doing activities as users themselves. 

Blockchain allows me to play a role as a member of the ecosystem 

It's a system in which the reward for that role comes back to me. 

The existing society is not a reward based on my role

Compensation comes from the rules set by the world. 

That even if I work hard, there may be no reward. 

It is the blockchain system that can change it and there are many people who develop it for it. 

Still, blockchain Bitcoin is a fraud 

I wish I could understand. 

There are a lot of scammers going around in Seoul, 

It is said that in the Joseon Dynasty, there was a saying that Seoul is a place where you can go when you close your eyes. 

Seoul is little different from talking about being a phony and fake and collapsing like Babylon. 

In the next fire, the former protagonists come back. 

Focus on sorting out the jade among them. 

If you found it? Wouldn't it be okay to bury a small amount of money?