Bitcoin rose from US$60,000 to US$70,500 in two days
Congratulations to those who entered the market decisively a few days ago. Your account has grown a lot. The current market still maintains what I said in my previous article: It is still in the second stage of the bull market.
Bitcoin remains in shock, accumulating strength and trying to break the previous high; of course, it may not rise immediately in the short term, but the probability of a big drop is still very low.
So there is another question: Can people who haven’t entered the market yet buy the bottom?
This problem has always been with every investor. At every stage there will be people who get off the bus and then want to get on the bus again.
Back and forth, stop and go, this is a problem in the investment field: the operating cycle problem. Every time the market moves for a period of time, the market will inevitably correct, which makes many people start to have the idea of selling at the highest and buying at the lowest, which is also commonly known as : Band operation
In theory, the swing band gives people the impression that they will make more money, but in reality this is not the case, because if you operate frequently, you will inevitably increase the probability of losing money.
This conclusion has been demonstrated by countless retail investors in the past. The technical requirements, mentality, and strategy requirements of the band are extremely high. Ordinary investors simply do not have this ability. In areas they are not good at, they want to achieve higher results than professionals. Income, this is impossible, so it also confirms a point: the band is not suitable for the vast majority of people who can truly fully grasp a big bull market. The vast majority insist on long-term investment, which is what the investment field says: A The process from point B to point B is the least difficult and the least demanding; but it is strange in the financial market. The simpler things are, the less people can do them.
On the contrary, many people like to challenge their own cognitive boundaries and do things that they don’t understand or are not sure about, such as contracts, primary markets, and new listings.
This kind of thing is a one-in-a-million thing, but most people are very obsessed with it. They always hope that if they make the right investment once, they will completely turn over. Just like my article has been saying since May 2023 that the currency circle will be a big bull market in 2024. Really People who believe and understand technology should at least double their profits if they buy a few coins that they are optimistic about.
I have written for most of the year that 2024 will definitely be a big bull market, but many people still turn a blind eye, especially the (altcoin series) (cabbage price series) I wrote in 2023 was scolded miserably
They all thought it was because it was not suitable to deploy altcoins at that time, but looking back now, the best time to deploy altcoins is actually July-December 2023. Entering the market at that time means buying in a value depression. The current market has entered a big market. In the second stage of the bull market, it is no longer suitable to be too aggressive. Instead, risk should be given priority.
Because the market has become more volatile, coupled with the impact of news, policies, technology, etc., it will increase the uncertainty of the market, which will cause the market to go out of trend that many retail investors cannot understand. Once you enter blindly, In the market, the fluctuation of account numbers will inevitably greatly affect your mentality.
Once people become emotional, basically any choice you make will be wrong. Opportunities that can obviously make money will be screwed up by yourself. In the end, at the expense of losing money, there are still opportunities for us to make arrangements, but this has a prerequisite. The condition is: it needs to be in a circle. Only in this way can everyone's ideas and actions be consistent, and good results can be achieved in the end.
The current market situation is not that you can make money just by buying a few other people's valuable currencies for nothing. If you don't have enough knowledge, your skills are not in place, your mentality is not correct, and you have no risk management, it can be said that the bull market is the graveyard of countless people.
The financial market is cruel. Losing 100 million yuan is the same as losing 100 yuan. So don’t underestimate the tens or hundreds of U in your hand. If you can’t manage small funds well, the possibility of making big money is zero.
After the market stabilizes at its current position, I will arrange for bargain-hunting copycats and ambush high-explosion hot coins in a small circle, and share daily market analysis#icp #xrp #LUNA $BTC $ETH
