In the early stages of a bull market, BTC will slowly rise, standing out, leading ETH to rise as well. At this time, some good mainstream coins will follow suit, other coins will rise slowly, and a few altcoins will explode, while most altcoins remain quiet.
In the mid-bull market, BTC and ETH will fluctuate and rise, mainstream coins will gain momentum, and altcoins will start to take off.
In the later stages of a bull market, BTC will fluctuate and decline, while ETH may continue to soar. Mainstream coins will surge one after another, and the highlight altcoins of the next bull market will soar several times, even dozens or hundreds of times.
At the end of the bull market, BTC may see a drop of thousands or even tens of thousands of points, followed by a slight recovery. The first major drop will recover quickly, giving the illusion of mere adjustment. After two or three such drops, the bull market will be declared over. If you find yourself stuck at this point, please do not hold onto false hopes, and cut losses in a timely manner. Otherwise, your capital will be dragged into an abyss.
There are many opportunities in a bull market, especially in the later stages of a bull market, where altcoins are flying around, and many altcoins surge several times, making one envious. The urge to follow suit or hastily choose certain promising but yet-to-explode altcoins to invest heavily in can lead to waiting confidently for their explosive growth. This mindset is best avoided; it is merely gambling on luck and is no different from gambling itself, completely unrelated to investing.
Every bull market gives rise to many 'scam' altcoins, which often have strong gimmicks and seem to have powerful backgrounds, with extremely rapid price increases. Please resist the temptation; only after the tide recedes do we see who was swimming naked. When BTC crashes and a bear market arrives, these altcoins will be halved, quartered, or even close to zero.
If you really can't resist the temptation, you can only invest a very small amount to play around. Even if you make a small profit, do not get overly excited and invest heavily. Absolutely do not, absolutely do not, absolutely do not. This is akin to gambling, and gambling does not guarantee continued good luck. It doesn’t matter if you make a hundred wins; what matters is that one loss could wipe out all your capital. Don’t fantasize about investing heavily in an altcoin and becoming rich; this is as unrealistic as buying a lottery ticket and dreaming of hitting the jackpot, which is an extremely low probability event. Playing with small amounts for entertainment is fine, but considering it as an investment is a grave mistake.
Capital is always the most important.
If you accidentally make a poor investment and get stuck, preserving your capital as much as possible is the most important thing. When the cryptocurrency market crashes, be willing to cut losses in time to save most of your capital and maintain your base. There is still hope for a comeback. Patiently wait for the cryptocurrency market to hit rock bottom, then use the remaining capital to buy the dip. Don’t get stuck and accompany the cryptocurrency market in its crash; many times, if you buy a stuck coin and sell it before the market crashes, you might lose at most 50% of your capital. If you ignore it and let it fall, holding on until the end, when the coin drops to the market's bottom, the remaining capital will almost have no chance of recovery.
