This round of bull market is destined to be a bull market for old investors. Newcomers and those who have not experienced a complete cycle and are solo in the cryptocurrency circle have no chance to participate. The entire web3 community is cold and silent.
At present, BTC has been seriously controlled. In the eyes of retail investors, the price of the currency is too high. Retail investors basically focus on Ethereum or other cottages. Now the whole audience is watching the performance of the big cake alone, constantly sucking blood and breaking new highs. Once it encounters a drop, the cottages are collectively blind.
Recently, Binance has been crazy about issuing new coins. Binance has recently launched 6 new projects, further diluting the market that is already illiquid! There will be many callbacks in the middle of the bull market. We just need to survive this wave of callbacks and wait for the arrival of good market conditions. The bull market is not over yet. You can still buy small when it drops a little and buy big when it drops a lot!
But some investors are still optimistic about the future of Bitcoin and believe that they should accept and adapt to a 20% callback in the bull market. This is just a "buyable callback" rather than the end of the bull market. The overall trend of the market is still upward, and the current adjustment may only be a short-term fluctuation, and higher price levels may be ushered in in the future.
What do you think about this?