With the participation of global capital, the pace of the cryptocurrency market is getting faster and faster, the underlying logic has changed, and the dividends of the times have also changed. If you can keep up, you will "eat meat", but if you can't keep up, you will be "eliminated"
For many people who trade in the cryptocurrency world, there are two deep-rooted beliefs in their hearts: a bull market will skyrocket, and a bear market will plummet.
01. Will a bull market in the cryptocurrency world necessarily mean a surge in prices?
There is an old saying in the cryptocurrency circle: "The bull market is coming, and you can make money by buying any coin."
Yes, it is undeniable that if the "mad bull" comes, the price of any coin will rise, just like in 2020.
However, in the cryptocurrency world of 2024, if you still want to buy a coin and get a 10x or even dozens of times return, it will obviously be impossible.
With the passage of the US ETF, including the large amount of BTC seized by various governments, the cryptocurrency industry is no longer a freely growing industry, but is subject to strict control. Do you think the market where thousands of coins are soaring will still exist this year?
From 2023 to 2024, it can be said to be a brand new beginning. There is no pattern in the various trends. Good news does not increase, bad news does not fall, the main theme is: impermanence
So it is better to go all-in on BTC from the beginning and make a steady profit of doubling the market.
The polarization of the currency circle has already formed
For old investors: the bull market is different from the past. Many mainstream currencies are no longer strong, and new concept currencies have become an absolute new force. As long as you are bold and dare to enter the market, you will have opportunities to make money. On the contrary, those who hold old currencies will ride the wealth roller coaster again and again.
For newbies: They enter the market for hot spots. They don’t have much faith, but focus on price. The cheaper the coin, the more they like it. Just like the inscription section and meme section, the more 0s there are in front, the more they like it.
This year and a half has fully verified the difference between old leeks and new leeks. The old leeks stick to the rules and only have faith, while the radicalism of the new leeks has brought good results.
This is also the game between the two forces in the current currency circle. Obviously, the value investment of the old leeks has been completely defeated by the band thinking of the new leeks, because the results are here
However, the cryptocurrency market is a volatile one. Whether you make money today or not does not mean anything, because everyone is still at the table and has not left.
02. Will there definitely be a crash in a bear market?
When it comes to a bear market, everyone’s first impression is: return to zero. This statement is both right and wrong.
Why do I say so?
Let’s first look at the overall trend of the cryptocurrency market in the 2022 bear market. In the early stages of the bear market, the cryptocurrency market fluctuated greatly. Some coins rebounded strongly and were able to reach near their previous highs.
The weaker ones can also rebound by nearly 80%, but why do people still sell and continue to enter the market?
When the main bear market wave came, which is from April to June 2022, as Bitcoin "plummeted", everyone realized the risks.
There is a very strange phenomenon at this stage. After a big drop, there will often be some very "monster" coins, which will rise sharply and attract market attention, giving everyone hope.
But overall, the supply and demand relationship in the market is here. After the big drop, everyone has gradually come to their senses. No one is willing to be the buyer.
No matter how low the price is, I dare not buy it casually.
After all, after several years of cryptocurrency trading, I still failed to achieve my wealth goal. I was disappointed and naturally blocked everything.
Most people who speculate in cryptocurrencies are pragmatic. Because of their limited financial resources and lack of professional knowledge, after several years of hard work, they gain nothing and most of them will quit the circle.
This is also normal, because there are always many people who follow the trend and enter the market, and finally find that it is not so easy to make money, and then quietly leave the market.
The last paragraph: Summary
In fact, you always think that you can turn around in a bull market and cash out in a bear market. These are all feelings, or excuses.
In the financial market, miracles happen every day. Bull market and bear market are just concepts, not all.
For most people, the cryptocurrency world is a pit, a global casino. Whether you make money or lose money today, it is just an experience.
Only by summarizing and generalizing this experience and turning it into a helper for making money in the future, can you not be confused in the present, recognize the next direction, devote your life to it, persevere for 5 or 10 years, and finally get good results.
Everyone, calm down and look inward for the reasons. All external manifestations come from the thoughts and intentions in your heart.
If you think correctly, it will drive your behavior, and if you behave correctly, you will get the desired results.