Must Read for Beginners! The Truth Behind Losses in the Cryptocurrency Bull Market, What is the Fundamental Reason Behind It?
1. Fear During the Transition from Bear to Bull Leading to Missed Opportunities
As the bear market ends and enters the initial stage of a bull market, beginners are trapped by bear market thinking. During the initial rise, fear holds them back, causing them to miss the golden opportunity to build positions at low levels.
2. Hesitation and Misjudgment in the Midst of a Bull Market
After the bull market trend becomes clearer, excessive caution often leads to fantasies of price corrections to buy at lower points. If judgment is wrong, buying can lead to being stuck, or even trapped at a temporary peak, missing out on further gains.
3. Short-Sighted and Impulsive Mentality of Short-Term Speculation
It is hard to resist the allure of frequent trading; with slight profits, there is a rush to sell, making it impossible to enjoy the long-term appreciation benefits, missing out on substantial profits in continuous short-term operations.
4. High-Risk Hazards of Excessive Leverage Usage
Overconfidence or being lured by high returns leads to recklessly using leverage while ignoring its huge risks. A slight market fluctuation can result in liquidation and financial ruin.
5. Greed and Blind Chase for Gains at the End of a Bull Market
At the end of the bull market, market frenzy spreads, controlled by greed, and beginners disregard risks, frequently increasing positions to chase gains, ultimately getting trapped at the top, facing a significant correction alone.
How to Determine if the Bull Market Will Continue?
Closely monitoring Bitcoin's trend is a simple and effective method. As long as there is no large-scale selling and liquidation of Bitcoin, it is highly likely that the bull market will continue.
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