"I just woke up... When I opened my eyes, I saw that everything has gone up again. Atom is 4000, eths is almost 9000, Lightning Network TT is 3100, BRC420 blue box is 2700, ORDI is 50." After saying hello to the GM , group friends began to share and view the new prices of their positions one by one.
These Tickers, which were once looked down upon by old leeks, have made old leeks who are accustomed to VC narratives and value layout deeply regretful. It seems familiar, just like those days in the zoo. Being out of the circle is really out of the circle, and feeling uncomfortable is really uncomfortable.
Bitcoin sector still leads the gains
Yesterday morning, Bitcoin returned to above $40,000. After 578 days, the crypto has been waiting for this day for too long.
Under the influence of multiple factors such as the continued inflow of institutional funds, expectations for Bitcoin spot ETFs, and Binance's settlement with regulators, the price of Bitcoin is testing upward and showing signs of exceeding 42,000. Throughout 2023, the price of Bitcoin has risen by 139.9%, which is a good proof: the bull market is not a moment, but a state, and we are already in this state.
The day after Bitcoin hit $40,000 again, the Bitcoin ecosystem did its part and rose across the board.
As the first brc20 token of Ordinals, ORDI broke through $54 this morning, with a 24-hour increase of 36.28%. The ORDI, which was less than $30 on the weekend, almost doubled in two days.
In addition, the governance token BSSB of the cross-chain DeFi protocol BitStable based on Bitcoin rose to $1.9444, a 24-hour increase of 105.27%. ERC20 and BRC20 cross-chain protocol MultiBit token MUBI hit $0.05466, a 24-hour increase of 41.01%. The Bitcoin Layer 2 network Stacks token STX briefly exceeded $1.20, with a 24-hour increase of 38.42%.
Obviously, after a brief cooling off, the Bitcoin Ordinals market has picked up. The trading volume of mainstream platforms rose to approximately US$15.94 million yesterday, an increase of more than 200% compared to the recent low of US$4.94 million on November 26.
The huge wealth-creating effect made the old leeks in the miss the pump express with some envy: "Sudden wealth means fortune," and quickly asked: "Brother, where is the next ordi?"
There are only old people who are miss the pump, and there are no newcomers who are miss the pump.
"Can I still get on the bus now?" This is the slogan of every bull market.
In this bull market, only TIA and SOL can be considered good projects in Lao Jiucai's mind. They have teams and good VCs, Binance is online, and the track is expected to be hyped. All memes in the Bitcoin ecosystem are completely unexpected.
Since its birth in March, bias has been closely associated with the Bitcoin ecosystem, but it seems that it has never given up convincing everyone: " If you are biased, then let the Bitcoin ecosystem grow until you have no bias ."
A screenshot circulated in the Bitcoin ecosystem today shows some real people in the past saying that Ordinals are dead. @LeonidasNFT, an early participant in the Bitcoin ecosystem, said on his social media: "These people missed out on participating in an ecosystem that went from nothing to $3 billion in less than a year."
"The college student next door, junior, 70 atoms, 50 eths." This story has been circulating in the community in the past few days. Based on the current price, the assets of the college student next door have reached 700,000 US dollars.
Old people will only say that this is too high, but newcomers will let you rush.
This is perhaps the biggest difference between the old and new leeks. Novice investors are often fearless and curious about the market. However, experienced investors have gradually developed respect and awe for the market after experiencing the ups and downs and tests of the market. They are more cautious, especially after experiencing the volatility of a bear market, and often retreat quickly after making small profits.
Therefore, after the emergence of a new ecology, there are often only old leeks that miss the pump, but no new leeks that have miss the pump. This is why new leeks often have a novice protection period.
Put aside your prejudices and embrace a 20,000-fold increase
The NextDAO community is one of the earliest and most popular communities discussing the Bitcoin ecosystem.
Shep , a core contributor to the NextDAO community, told the Sea Talk podcast about their experience of paying attention to Ordinals by chance as early as February.
"I don't remember how I paid attention to it in the first place. Anyway, when I saw Ordinals, I thought it was a new thing. I should pay attention to it first and play with it before talking about it. There is a saying in the crypto, which is to speculate on the new and not on the old. As long as it is new, When something comes out, you’d better pay attention first. ”
As a programmer, Shep agrees that technically speaking, BRC-20 has little technical content. It can be said that it is a very inefficient way to issue currency, unlike Ethereum's smart contract, which is more elegant. At that time, many people in the community were not optimistic about it because it was too primitive and felt like it was going backwards, like returning to the old way of keeping accounts with paper money.
“But for me, I think the idea is very big. Issuing coins on Bitcoin is something that someone has tried before, but it can really arouse community consensus or community attention. This may be the largest scale. At that time, the entire Ordinals community had actually paid attention to this.”
Everyone was discussing in various WeChat groups what was going on with the BRC-20 coin issuance. The NextDAO community saw it for the first time and went straight in to fight. "I couldn't hit anymore until one or two o'clock in the middle of the night. I was too tired. I was very tired from the fight. I didn't come out for a punching service at that time, so I could only hit one by one. I hit more than 20 cards and went to bed. We There is a friend in the group who seems to have played more than 60 shots all day and night without sleeping." Shep said.
The cost of printing an ORDI (one card includes 1,000 coins) is 2 to 3 US dollars. Based on the current price of 1 ORDI of 50 US dollars, the current price of one ORDI is 50,000 US dollars. Ten months have passed, and if it has not been sold yet, based on the current price, this is an investment that has increased 20,000 times.
Stay calm and curious. When you think back to the day that changed your life, it's a day you think was normal.
