Development opportunities and concerns for the encryption industry in 2024

Opportunities and Considerations for the Crypto Industry in 2024 PHP editor Youzi brings you opportunities and precautions about the encryption industry in 2024. With the rapid development of the digital economy, the encryption industry has become a popular investment area. In 2024, the cryptocurrency market is expected to expand further, with major cryptocurrencies such as Ethereum and Bitcoin expected to continue rising. In addition, the development of the NFT market will also bring more opportunities. However, investors need to be aware of market volatility and risks, while maintaining sensitivity to technological developments in order to seize industry opportunities.

• Bitcoin’s upcoming halving.
• Ethereum’s upcoming Cancun upgrade.
• Bitcoin ETF may pass.
• The Federal Reserve may start cutting interest rates.

In addition to these benefits, there are also positive signals within the encryption ecosystem.

• The continued prosperity of Ethereum’s second layer scaling.
• Institutional investors and big funds are entering the Mingwen ecosystem and starting to invest in Mingwen-related projects.
• The game ecosystem will have a number of works supported by famous capital coming online this year.
• The social ecology is being driven by games like xpet, which is driving a new wave of entrepreneurship.
• A large number of projects will launch token airdrops this year.

These signals are indeed exciting and strengthen my confidence that the crypto ecosystem will usher in a new bull market this year or next.

We will soon have the opportunity to realize the fixed investment that we have insisted on for more than a year.

In today’s article, I would like to remind retail investors of things to pay special attention to in the upcoming bull market.

Opportunities and precautions in the encryption industry in 2024

The first one is to live until the end of the bull market and never fall before dawn.

More specifically, what I have been emphasizing is that we need to save at least 18 months of living expenses so that no matter what happens, we can keep our lives functioning and not be forced to sell our assets .

At the end of 2022, we ushered in a comprehensive unblocking, and all of us are full of expectations and excitement looking forward to a fruitful 2023.

However, the facts are extremely cruel: in the past year, what we have actually experienced is the disappearance of several industries, the collapse of several top 500 real estate companies, and the downsizing of a large number of companies...

I live in a first-tier city, and my office is the central business district of this city. The vacancy rate of this office space has been higher in the past year. Some offices that used to be rented for a long time now change businesses every now and then. A considerable portion of the street-facing shops on the first floor have always been vacant.

What I heard most from my friends last year was "flexible employment" and "reduced budgets."

Under such circumstances, 2024 may still be a challenging year for each of us ordinary people. Therefore, we still cannot take our livelihood security lightly this year.

Work hard and make money, we must persist until the bull market.

The second is that in the upcoming bull market, we will see a prosperity in the market. It seems that there are "opportunities" everywhere, but many of these "opportunities" may also be traps.

Is this environment a good thing or a bad thing for us retail investors?

I think it’s all possible:

It’s possible that we will seize our own opportunities and achieve a class jump in one leap;

But it’s also possible that we will be among them Being disoriented, not only did you fail to seize the opportunity, but you also lost the chips you had finally accumulated.

So how do we deal with this situation?

I recommend that you deposit a large portion of your fixed investment assets into a hardware cold wallet no matter what. For more conservative users, you can even put all your assets in a hardware cold wallet.

This part, especially Bitcoin and Ethereum, can bring us stable and predictable income in the bull market.

This part of the assets cannot be taken out until the bull market is realized.

The remaining part can be used to participate in new projects or change positions, or not to participate in any new projects or change positions at all.

I believe that as long as we do these two things well, we will at least hold on to the bottom line, and at least we can lock in our fairly high certainty of returns in the future bull market.

I wish our readers all the best and good luck in 2024.

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