In this bull market cycle, there have been 4 major waves

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, lasted for 5 months and kicked off a small bull market,

some people caught many airdrops and opportunities for several times, even over a hundred times, in BRC20 and inscriptions

In February and March, there will be another wave of Depin and AI meme market on Solana, which is the first window of the cycle with a profit-making effect

The third wave, from mid-October 2024 to now, may last until February to April next year, focusing on new opportunities in the sector

Recently, after communicating with friends in the studio, many people have been losing money over the past few months, mainly for three reasons:

1. BTC has been shorting all the way, leading to liquidation or serious resistance

2. Full positions in junk altcoins, several switches have hit back, multiple stop losses

3. Heavy positions in memes, especially some new meme coins, with several rounds of 70% losses

Warren Buffett once said, if you’re not willing to hold a stock for ten years, then don’t hold it for even a day. If a coin doesn’t have the logic for long-term holding, participating in short-term speculation runs a high risk of being cut by the market. In long-term investments, these coins are far inferior to Bitcoin and Ethereum, and they cannot compare to the leaders in various sectors; therefore, some junk altcoins have little investment and trading value, and the best choice is to avoid them in the long run, otherwise, there is a risk of missing out on the bull market.