In this bull market cycle, there are 4 waves of main upward trends.

The first wave, from January to April 2023, lasted for 4 months and completely emerged from the bear market cycle;

The second wave, from mid-October 2023 to mid-March 2024, will last for 5 months, initiating a small bull market,

a small number of people have captured many airdrops and dozens of times, even over a hundred times opportunities in brc20 and inscriptions,

In February and March, there will also be a wave of Depin and AI meme trends on Solana, which is the first window of this cycle with a profit effect.

The third wave, from mid-October 2024 to now, may continue until February to April next year, focusing on new opportunities in sectors.

Recently, in conversations with friends from the studio, many people have incurred losses in the past few months, mainly for three reasons:

1. BTC has been short all the way, leading to liquidation or severe resistance to positions.

2. Full investment in garbage altcoins, several switches have been met with backlash, and multiple stop losses.

3. Heavy investment in memes, especially some new meme coins, with several waves of 70% cuts.

Buffett once said, if you are not willing to hold a stock for ten years, then you should not hold it for even a day. If there is no long-term holding logic for a coin, short-term participation in the game carries a high probability of being cut. For long-term investments, these coins are far inferior to Bitcoin and Ethereum, and are also not comparable to the leading stocks in various sectors; therefore, some garbage altcoins have little investment and trading value, and staying away from them long-term is the best choice, otherwise there is a risk of missing out on the bull market.