Top Traders, Why Do They Prefer Bear Markets?

The reason is simple. If we understand trading as a business, when purchasing goods, we certainly hope to buy low and sell high, with a larger price difference being better. In a bear market, there are plenty of undervalued cryptocurrencies, which are low-priced simply due to market trends, not because they are of poor quality. This is a great opportunity to stock up massively, and it is exactly what top traders look for.

Top traders possess a trading mentality that spans both bull and bear markets. They have a more comprehensive perspective and can view bear and bull markets more objectively. Moreover, they all have a contrarian trading mindset.

I have always emphasized that trading requires going against human nature. When the market drops, everyone is fearful and sells off in large quantities; when the market rises, more people frantically chase the price up. This is human nature. But top traders certainly understand how to overcome the disadvantages of their own human nature and know how to utilize human behavior to make money. This is what Buffett meant when he said, 'Be fearful when others are greedy, and greedy when others are fearful.'

So, no matter what you do or which industry you are in, if you want to stand out, there will definitely be many uncomfortable aspects. Only by enduring hardships and honing your character can you truly earn the money that others cannot.