In this bull market cycle, there are 4 main waves
First wave, from January to April 2023, lasted for 4 months, completely emerging from the bear market cycle;
Second wave, from mid-October 2023 to mid-March 2024, lasting for 5 months, started a small bull market,
A small number of people caught many airdrops and dozens, even over a hundred times, opportunities in brc20 and inscriptions.
In February and March, there was also a wave of Depin and AI meme trends on Solana; this was the first wave in this cycle with a profitable effect window.
Third wave, from mid-October 2024 to now, may continue until February to April next year, focusing on new opportunities in various sectors.
Recently, after communicating with friends from the studio, many people have incurred losses in the past few months, mainly for three reasons:
1. BTC continuously shorting, leading to liquidation or severe resistance.
2. Fully invested in garbage altcoins, being slapped in the face by several switches, multiple stop-losses.
3. Heavily investing in memes, especially some new meme coins, facing several waves of 70% losses.
Warren Buffett once said, if you are not willing to hold a stock for ten years, don't hold it for a day. If a coin doesn’t have a long-term holding logic, participating in short-term speculation significantly increases the probability of being liquidated. If you make long-term investments, these coins are far inferior to Bitcoin and Ethereum, and less competitive compared to the leading sectors; thus, some garbage altcoins have little investment and trading value, and avoiding them in the long term is the best choice, otherwise, there is a risk of missing out on the bull market.
