The performance of A-shares has attracted widespread attention recently. Due to the previous rapid rise, many people failed to keep up with the pace and were left behind by the market. Then they chased in at a high level and were directly trapped at the top of the mountain.
Cryptocurrency has many similarities with the stock market. In fact, we should not expect the market to soar by thousands or even tens of thousands of points overnight. This expectation is neither realistic nor healthy. The most ideal market trend is a steady bull market, with prices rising gradually and gradually washing out, increasing the holding costs of investors.
Recalling the process of Bitcoin gradually rising from 10,000 points to 30,000 points, and then from 30,000 points to 60,000 points, each step was accompanied by washing out. Now that the price of Bitcoin has reached 60,000 points, the next step may be to continue washing out, and the target may be 90,000 points or even higher. In this process, some people will inevitably suffer losses, and some people will choose to cut their losses and leave the market. This is the norm in the market.
My advice to everyone is that Bitcoin should be your cornerstone in the cryptocurrency market. No matter how the altcoins fluctuate, holding Bitcoin is the key. At the same time, don't hold on to it, but be flexible. We are optimistic about the prospects of the cryptocurrency market and Bitcoin in the long term, but this does not prevent us from short-term swing operations.