He made $500 a day in the bear market

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18 Jan 2024

I have seen several news and short stories in the past two days, and perhaps we can also understand the basic status of the current bear market from a side perspective.
Some interactive studios have closed down one after another.
I received a group advertisement from a WeChat friend, selling DCs for 3 cents each. He was working in an interaction studio before and led some people to interact. As the bear market deepened and no airdrops were seen, the cost of investment and labor increased, so we had to stop losses and stop business.
Searching “studio, bankruptcy” on Twitter will show some players sharing information about the closure of interactive studios around them. In a sluggish bear market, it is indeed not easy for small studios to persevere.
Especially for players who have no accumulation, lack resources and funds, and have rushed into the market under the stimulation of several airdrops at the beginning of the year, it is inevitable that they will not be able to persist.
Only studios that have gained something from early airdrops such as ARB and APT, or have invested large amounts of money, will have a greater chance of survival.
During this period, there are popular L2 interactive projects such as zkSync, Starknet, and Linea. I don’t know what airdrops will be harvested in the future.
Active projects in the zksync ecosystem
Someone exchanged 1 million usdt for entry.
There is also a boss in the group who asked friends in the group to help exchange 1 million usdt to enter.
This is a real boss. If you switch to BTC, you can get nearly 39; if the bull market comes back, even if BTC conservatively doubles, you can still earn 1 million US dollars in 1–2 years.
Entry time is very important, just like whether you buy a certain project when it rises on the left or when it falls on the right, there will be completely different results.
Bitcoin continued to rise in 2021, once rising to 69k. At that time, 1 million usdt could only buy 14.4 units, which was a lower point than now. The opportunity to enter the market is important, but whether you can survive it is the key.
Boring Ape NFT floor price 27.88ETH
Someone made $500 a day.
The bear market is sluggish and there is nothing going on, but some people are still making money secretly.
Last week, a boss recommended a new social tool in the group, the web3 version of WeChat, and you can also grab USDT red envelopes. The boss sent tens of thousands of USDT red envelopes on the new social tool, and some users who registered multiple accounts grabbed hundreds of USDT.
Those who followed the game at the beginning were able to make hundreds of dollars. I have no experience, I only registered an account, and I got a total of 100 USDT, which was also an unexpected gain. Only the first to eat crabs will have the opportunity to profit.
A few days after it went online, this social tool stopped issuing big red envelopes, and people who entered the site the next day had no chance to grab the red envelopes.
Under any market situation, there are people who make money secretly, and the window of opportunity may be just a few hours.
The current price of BTC is 25800
El Salvador is Educating All about Bitcoin
After El Salvador adopted BTC as its national legal currency in September 2021, it has also vigorously promoted Bitcoin payments. BTC can be used to pay in stores on the streets of El Salvador, and digital currency transactions are available to everyone.
Recently, there is news that El Salvador will launch Bitcoin education in public schools across the country in 2024, so that Salvadoran citizens can understand Bitcoin and digital currencies starting from basic education.
Nayib Armando Bukele Otes, the young president of El Salvador who was born in the 1980s, has single-handedly made El Salvador, a small and unknown country, one of the key words in the encryption world.
BTC payments on the streets of El Salvador
The crypto market has been in the doldrums for quite some time, and there is little chance of a big rise in the near future. Perhaps the market will become active again, attracting topics and liquidity when most people give up and leave the market.
Opportunities and risks coexist in any market. Only those who can survive can seize the opportunity. The bear market is boring, learn more about the market and wait for the next time.
The above is just my personal opinion, no investment advice. I am Chuxiaolian, and I am paying attention to the encryption market and web3.

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