At the beginning of a bull market, 90% of retail investors are losing money, just like when the old coins surged last week, most people switched their positions to new coins, after all, many people hold the view of 'buying new instead of old', which makes the new coins' 'car' quite light.

The same happened with the surge in blockchain games last week. I had been optimistic about SAND, but after a period of not rising, I gave up. There are also some voices saying that if there are no coins that have doubled in this rebound, then don't buy. Coins like SAND, which haven't really risen much before the launch, indeed have very few people who can hold on to them.

So today, I chased a few blockchain game coins, and I will see the situation in a couple of days. Many friends are buying AI and Bitcoin ecosystem coins, which is normal for them to have no sound or no rise, because once they surge, it can be several times the increase. But the premise is to hold onto the coins in hand.

It should be noted that in a bull market, only when it reaches mid-term do retail investors start making money.