Why is it harder to make money in this bull market than in previous bull markets?
1. The rules have changed
In fact, most people knew about the cryptocurrency market after 2015, so most people did not participate in the bull market before the bull market in 2017. Most people participated in the bull market starting from 2017. Then in 2021, everyone found the rules through the first two bull markets and made money through the rules. Once the rules are broken, basically many people will not think about it, breaking the comfort zone of thinking. Once it is different from their previous operations, there are only two results to face, one is to lose money, and the other is to miss the opportunity.
2. The dealer has changed
Why did the rules change? The main reason is that the dealer has changed. A lot of formal funds have entered this bull market. The bull market has not come yet, and the big funds have already entered the market. Retail investors began to be confused. Is the bull market coming with so many funds entering the market? But it happens that only the mainstream and meme bulls are bullish, and other value coins are standing in line, such as Dash and Qtum quantum coins. There is no action. The dealer knows how to play, and the whole retail investors are disgusted.
3. Retail investors have not changed
In fact, the psychology of leeks has not changed, and they are prone to fixed thinking. Many of them are following the previous rhythm, but the rhythm has changed. Retail investors will not play anymore. They used to study value coins, but in this round of bull market, they directly give you memes and a bunch of air coins to confuse you. And they chase after the rise, but there is no bottom when the air coins fall, and the ones who lose money are naturally retail investors who chase the rise.
Ethereum and its ecosystem have recently ushered in a series of major good news:
First, the SEC permanently suspended its investigation into Ethereum, which means that Ethereum is no longer considered a security, greatly increasing the possibility of Ethereum ETF approval.
Second, July 2 is the deadline for the submission of the S-1 registration document for Ethereum ETF, which is a key node and has attracted much attention from the market.
In addition, August 7 is the resolution time for BlackRock to submit an application for Ethereum ETF, and this event will also have a profound impact on the market trend of Ethereum.
In addition, the exchange shows a large amount of Ethereum's continued outflow, indicating that large investors are actively accumulating this asset, further proving the value and potential of Ethereum.
Therefore, it may be wise for investors to hold more than 20% of Ethereum positions.
In the next two months, Ethereum and its ecosystem are expected to become the main theme of the market
