December 30, 2024
2024 is almost over, and for most people, it may be a case of more losses than gains. Especially from March to October, it has been quite torturous. Of course, it is still very painful now because the market has experienced a significant pullback, especially in altcoins, where retail investors often suffer the most severe losses.
The altcoin season will definitely arrive in 2025. Many people believe that this bull market is different from previous ones, but overall, they are quite similar, with not much change. The cycle may just be a bit earlier or later, but it does not affect the rhythm of the entire bull market. If you understand the technology and can replicate market trends, it is easy to comprehend the movements. Of course, the technology I am referring to here is trend indicators. Many people like to use oscillating indicators, but then they need to look at larger cycles, such as weekly or monthly charts.
So, if the altcoin season arrives, can you make money in the crypto space?
The answer is yes. As long as most people do not engage in contrary trading with contracts, they can basically make money, and the profits are quite decent. Because during the price increase, most people can chase up and sell down, making it relatively easy to earn money. You can experience earning funds equivalent to your salary for several years or even over a decade in a very short time. This is why the crypto space is so attractive; if you seize the opportunity, it is easy to achieve a leap in social class.
But there is a harsh reality
Most retail investors actually cannot hold on to the money they have earned.
On one hand, there is the fear of missing out (FOMO) when the market peaks. During a bull market, when altcoins are flying and positive news is frequent, retail investors can become lost in this FOMO emotion. Furthermore, many influencers constantly shout about the bull market, continuously pushing prices higher, which prevents many retail investors from taking profits. By the time the market crashes, many retail investors may have even resorted to selling their houses or borrowing money, using leverage is very common. Once a significant drop occurs, it can take decades to recover. Do not think that if you lose money in the crypto space, you can earn it back unless your understanding improves and you can make money based on that understanding; otherwise, you will continue to lose.
On the other hand, after the bull market ends, a bear market will follow, which generally lasts more than a year. Many people have not been able to control themselves during this period, repeatedly making trades. In fact, over 90% of those who made money during the bull market will lose their profits during the bear market year, with many even losing their principal. To be honest, the bear market is really brutal; those who haven't experienced it, including some influencers and retail investors, will suffer greatly. Most people who exit the market do so during this phase; they cannot endure until the next bull market.
In general, to make money in the crypto space and actually take it away, a very strong understanding is needed. Most people make money during a bull market purely by luck and do not have real strength. A few days ago, someone contacted me saying that their influencer had run away, having made some money at the beginning of the year by luck. More retail investors came to him, but later, after his true nature was revealed, he fled. There are actually many such people. During the chaotic period, one must not only guard against market manipulators but also against inexperienced influencers; it’s very tough for retail investors.
In the end, I hope everyone can make money during the altcoin season; opportunities are always reserved for those who are prepared. Be patient and wait.
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