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Immortal, can you pull the market up?
In the cryptocurrency market, don't just hold onto spot investments; if altcoins rise 2-3 times, you should be secretly happy.
Market rules are there; don't treat fantasies as meals.
Look at the BTC bull and bear cycles: in 2017, the bull market peaked at 19k, and the bear market fell to 3k. In 2021, the bull market soared to 69k, which was more than 20 times from the bottom of 3k, but from the last peak of 19k, it was only 3.6 times. In this round, the bear market low was 15k; if the bull market peaks at 130k-150k, that's more than 10 times from the bottom, but from the previous high of 69k, it's only a bit more than 2 times. What about the next round? There’s a high possibility of smaller increases.
Now, let's look at altcoins. In the 2017 bull market, hundred-times coins were everywhere, and ten-times coins were abundant; in the 2021 bull market, there were significantly fewer hundred-times coins, but ten-times coins were still quite common. In this round? It's quite good for outstanding altcoins to rise 10 times; for ordinary ones, a rise of 2-3 times is considered reasonable. The key is that most people in the market are buying garbage altcoins; being able to survive is already impressive, let alone expecting a massive surge?
When entering the crypto space, don’t fantasize about easy wealth; accepting your own ordinariness is very important.
New entrants to the crypto space often feel like they are unique trading geniuses, but what happens in the end? They end up doubting life due to losses. To put it harshly, making money is like drinking water; losing money is like breathing; this is the norm in the crypto world.
Every bull market has FOMO emotions at play. For instance, when Bitcoin skyrockets to 100k or 120k, some people shout for 200k or 300k, leading many to chase the highs, resulting in a mess. After the noise, the same saying remains: dust to dust, earth to earth.
So, remember my two points: don’t just hold onto spot investments; knowing when to take profits is more important than holding on without selling; if altcoins rise 2-3 times, don’t be greedy, take some profits and secure them.
This is the true essence of how seasoned players survive in the crypto world!
Follow Uncle Zhao for hardcore insights on the crypto space!
Market rules are there; don't treat fantasies as meals.
Look at the BTC bull and bear cycles: in 2017, the bull market peaked at 19k, and the bear market fell to 3k. In 2021, the bull market soared to 69k, which was more than 20 times from the bottom of 3k, but from the last peak of 19k, it was only 3.6 times. In this round, the bear market low was 15k; if the bull market peaks at 130k-150k, that's more than 10 times from the bottom, but from the previous high of 69k, it's only a bit more than 2 times. What about the next round? There’s a high possibility of smaller increases.
Now, let's look at altcoins. In the 2017 bull market, hundred-times coins were everywhere, and ten-times coins were abundant; in the 2021 bull market, there were significantly fewer hundred-times coins, but ten-times coins were still quite common. In this round? It's quite good for outstanding altcoins to rise 10 times; for ordinary ones, a rise of 2-3 times is considered reasonable. The key is that most people in the market are buying garbage altcoins; being able to survive is already impressive, let alone expecting a massive surge?
When entering the crypto space, don’t fantasize about easy wealth; accepting your own ordinariness is very important.
New entrants to the crypto space often feel like they are unique trading geniuses, but what happens in the end? They end up doubting life due to losses. To put it harshly, making money is like drinking water; losing money is like breathing; this is the norm in the crypto world.
Every bull market has FOMO emotions at play. For instance, when Bitcoin skyrockets to 100k or 120k, some people shout for 200k or 300k, leading many to chase the highs, resulting in a mess. After the noise, the same saying remains: dust to dust, earth to earth.
So, remember my two points: don’t just hold onto spot investments; knowing when to take profits is more important than holding on without selling; if altcoins rise 2-3 times, don’t be greedy, take some profits and secure them.
This is the true essence of how seasoned players survive in the crypto world!
Follow Uncle Zhao for hardcore insights on the crypto space!
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This month it can be resolved
Dogecoin won't sell for less than $1!! Is there a chance??
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This is the transition between bull and bear cycles, not hindsight, the imitation is about to take off.
Is there still a chance in the copycat season? What stage is it at now? Will there be another 50-100 times chance?
I have shared with you guys some predictions about the copycat season before, but many of you may still not understand it. Today I will continue to use model data to make a more direct data forecast for the copycat season.
🔸The above represents the BTC price trend
🔸The red line below represents the ratio of altcoins to BTC
⬜️Let’s first review what happened before the surge in altcoins in 2021?
🔸First look at the BTC situation:
On January 11, 2021, the price of BTC broke through the 17-year high of 20,000 US dollars and reached the range of 43,000. During this process, BTC fell by 30% in January and continued to fall in the next three weeks. During the same period, the decline of altcoins exceeded 50%.
🔸The above represents the BTC price trend
🔸The red line below represents the ratio of altcoins to BTC
⬜️Let’s first review what happened before the surge in altcoins in 2021?
🔸First look at the BTC situation:
On January 11, 2021, the price of BTC broke through the 17-year high of 20,000 US dollars and reached the range of 43,000. During this process, BTC fell by 30% in January and continued to fall in the next three weeks. During the same period, the decline of altcoins exceeded 50%.