Why is it difficult to make money in a bull market?

In addition to the complex factors of the market and altcoins, let's delve into the main reasons why many investors find it difficult to make money in a bull market:

Some people are cautious about high-market-cap or soaring-price currencies, thinking that they have risen too high and dare not easily get involved. Take PEPE as an example. When I was asked about the currency worth holding for a long time in November last year and January-February this year, I always mentioned PEPE. I firmly believe that PEPE has the potential to replicate the glory of SHIB and has at least ten times the growth potential. Now, PEPE has proved this and has achieved ten times growth this year. This is undoubtedly a profound lesson for those who missed the opportunity because of concerns about market value or high prices. Because in this year's bull market, PEPE is one of the few currencies that have performed well.

Some investors choose to change their positions when the market fluctuates and falls, which is a very dangerous behavior. They don't seem to treat digital currencies (such as USDT) as real assets. Take the recent situation as an example. Many investors choose to change their positions when the market adjusts, but they often switch back and forth between altcoins that lose about 20%. This operation will actually only exacerbate losses, because switching from one currency that has lost 20% to another is likely to continue to face similar losses. This strategy is still prevalent in the current market.

Another type of investor is impatient and finds it difficult to hold on to potential altcoins for a long time. They expect to see significant gains within a week after buying, otherwise they will choose to sell. When these currencies really start to explode, they may regret their previous sales and try to buy at a higher price, but the result is often that they are stuck. This mentality of "buy must rise, sell if it doesn't rise" is one of the important reasons why many investors find it difficult to make profits in the bull market.

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