The halving moment that retail investors have been looking forward to every four years has turned out to be somewhat disappointing. Before the halving, the price of Bitcoin plummeted, causing retail investors' chips to be halved first.
This kind of market with a sharp drop in the early morning and then a quick recovery is really hard for ordinary retail investors to bear.
A fan told me these two days that this year's bull market is really too difficult. The continuous decline has spit out all the money earned before, and lost hundreds of thousands in a few days. Not to mention other retail friends, everyone's life is not easy.
So, why did it fall in the past two days? In fact, it is related to news at the international level. The worsening conflict in the Middle East and the continued rise in oil prices may lead to continued high inflation. The Federal Reserve may also further postpone the time point for interest rate cuts. These news have created external pressure on the market. However, Bitcoin itself did not fall much, but the altcoins plummeted.
Why did the altcoins plummet? Because the frequency of new coins listed on major exchanges is too high, but the market funds are limited and the funds are dispersed, resulting in the continuous decline of altcoins. Even if it rises, the increase is very small.
A fan asked, will the market continue to fall? Is the bull market over? Can we still enter the market now? I think the bull market is not over yet. Because the total market value of altcoins has not reached the peak of the previous bull market. Although many tokens have been added now, it is only a progress in the mid-term of the bull market at most. I think altcoins will still have a period of explosion.
Moreover, good news such as the approval of the spot ETF of the financial management party and the US interest rate cut cycle have not been fully implemented. So I think there are still opportunities. For example, the RW sector, AR and sports economy sector, as well as the meme sector that we have been paying attention to have performed very well recently. Many altcoin projects are now also at a bargain price and are worth paying attention to.
In addition, the Bitcoin ETF has also been approved, which is much more significant than the significance of the Hong Kong WEB3 plan last week. This event proves that the value of Bitcoin has been recognized. Although the dealer may be washing the market and washing out the undetermined retail investors, this is also for the subsequent light-weight battle.
Finally, I want to say that in the bull market, many people know that it will rise for a long time, but they just can't hold the chips.This is actually a question of mentality. We must have clear plans and goals for our investments, and be clear about whether our capital turnover is sufficient and whether we can accept the callback psychologically. Learn to control emotions and overcome greed and fear. Trading is a long process, and patience and confidence are indispensable. I hope that everyone can keep their original intentions in this difficult period and wait for the wind to come together.
