Yesterday, BTC's trend took a sharp turn for the worse, accelerating its decline, and many altcoins were not spared, hitting new lows one after another. For veterans who have experienced the alternation of bull and bear markets, such a scene is no longer surprising. They know that high risks and high returns always go hand in hand. Without experiencing the baptism of a deep fall, how can we expect the exciting and generous returns?
Looking back at history, taking SOL as an example, its price soared nearly tenfold in 2020, but the good times did not last long. In the second half of the same year, it suffered a nearly 80% plunge. However, the magic of the market lies in its unpredictability. In 2021, SOL once again showed amazing explosive power, and its price more than doubled by more than a hundred times. But the good times were short-lived again. In 2022, SOL experienced a nearly devastating 97% drop, falling to a bottom of nearly $8. However, as we can see, SOL has since achieved an amazing rebound of about twenty times. Ethereum (ETH) and Bitcoin (BTC) also experienced similar violent fluctuations in their early development.
The cryptocurrency world, a world full of variables, has neither an absolute bottom nor an eternal peak. Once you enter it, you need to be mentally prepared to face various possibilities. When market fluctuations become the norm, investors may gradually get used to it, and even find a kind of "numb calmness" in it. No matter how the market changes, the real opportunities are often hidden behind these seemingly chaotic situations. For keen observers, every market turmoil is an opportunity to find new opportunities.
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