"Seemingly useless, but with far-reaching effects, advice that accompanies a lifetime"
1. Mental adjustments in a bull market
Erroneous behaviors: Frequent portfolio adjustments, betting on pullbacks, and blindly adding leverage.
Correct mindset: Focus on long-term holding to avoid missing out on high returns in the latter half of the bull market.
2. Common mistakes made by beginners
Persisting in short selling: Being overly bearish in a bull market can easily lead to continuous losses.
Frequent trading: Trying to capture short-term pullbacks often leads to missing out on overall profits.
Blindly adding leverage: It is recommended to control the leverage ratio at 5%-10% of total assets to avoid excessive risks.
3. Future trends and influencing factors of Bitcoin
Price prediction: Bitcoin prices may break through $150,000 or even $200,000, with greater potential in the latter half of the bull market.
Company investment behavior: Several US companies have included Bitcoin in their strategic reserves, leading to a simultaneous rise in stock prices. In the long run, such behavior may bring leverage risks.
Miner behavior: In the current price range, some miners have chosen to take profits, but the market still has new buyers stepping in.
4. Market risks and Bitcoin security
The security of Bitcoin itself is not affected by company crashes or exchange bankruptcies; the risks mainly come from the behavior of users and participating institutions.
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Conclusion and recommendations:
1. Adhere to long-term strategies in a bull market, avoid excessive trading and blind leverage.
2. For ordinary investors, control the leverage ratio and invest the main funds in the spot market.
3. The later stage of a bull market may bring higher returns, suggesting patience to hold and seize the trend.