At the end of July, Bitcoin closed with a long upper and lower shadows, closing at $64,628. The highest point in July reached 70,079, which was a hot spot for speculation on the Bitcoin conference. It fell back after the conference. July was an eventful month, with the German government selling coins and Mentougou selling pressure. The long upper and lower shadows indicated that the battle between bulls and bears was extremely fierce.
A 100% interest rate cut has been shown for September, which is nothing more than a cut of 25 points or 50 points. Since it is 100% certain, there is no need to expect it. It has been factored into the current trading price. To put it simply, don't expect to make any money from the expectation of an interest rate cut.
Then the only expectation left for those of us who hoard coins is the expectation of a bull market cycle.
I have been frugal and saving money all the way through the bear market, and my returns have basically doubled or more. The market has risen too much, and the purpose of the market's back and forth fluctuations is to screen out those who have real confidence in the bull market. The real confidence means that if they say they will hold it for 4 years, then they will hold it for 4 years, or if they say they will hold it until 2025, then they will hold it until 2025.
There are very few people like this, and very few of them can make money in the end.
We only have one criterion, which is to look at time, not price. We have no way to predict or control prices, and we have no way to make long-term and stable profits from price changes without any advantageous information.
Time is something we can control. How long we hold on is a measure of determination, and how long we can wait is a measure of patience. It is difficult for people without determination and patience to make money through the process from a bear market to a bull market.
A bull-bear cycle lasts for 4 years. This round of bull market was indeed very difficult. It broke through the bottom unexpectedly, and adjusted for 5 months in a positive situation, directly destroying 50-70% of the market value of many promising copycats. Very few people made money in the second round of bull market. Countless people were trapped.
My strategy is still to buy when I have spare money, add to my position when the market falls, and never hold on. I usually read novels, play games, and watch TV series, leading a comfortable life, waiting for the bull market.
If the bull market doesn't come, there is no need to panic as I have money to support my life. Because I never thought of making every penny by all-in and leveraging.
If a bull market comes, the wealth level will rise to a higher level, and people will be more worry-free. The state of being rich is simply indescribable.
I know that the bull market will not break out so easily and make people who just enter the market make a lot of money, but I know that the bull market will definitely come.
People who have just entered the market can only earn a small amount of money. The real big money belongs to those who have been in the market for 3 or even 5 years. They make money from time.
The mentality of the two is definitely different. Time has already marked everyone's price. How much you can earn depends on how long you stay in this circle. #BTC
