First, always remember one point: investment is against human nature. Especially for beginners. Being too cautious or too greedy is a disaster. Buffett's investment philosophy is still applicable in the cryptocurrency world. When others are greedy, I am afraid. When others are afraid, I am greedy.
Second, there is no such thing as bottom fishing. Entering the market is half the battle. Only by entering the market with real money can you experience the ups and downs. Although there is indeed a lot of room for speculation in the cryptocurrency market, and there are even some cases of getting rich overnight, don't have illusions.
Third, the biggest difference between investment and speculation lies in the mentality. The mentality of speculators is short-term and impetuous. Investors pursue long-termism and risk control. In the cryptocurrency circle, holding a speculative mentality can sometimes make a profit for a while. This temptation is great, and frequent trading directly leads to most people becoming leeks. Although there are still big differences between the cryptocurrency industry and the stock market, overall, long-termists are still the biggest beneficiaries.
More than ten days have passed since this round of Bitcoin halving event, and the price of Bitcoin has also fallen back to around $55,000 as expected. The transaction volume of Bitcoin and Ethereum has increased sharply in the past two days, which is a good opportunity to build momentum.
Before the halving, Bitcoin broke through the historical high and has been under pressure for a long time. The recent repeated fluctuations and pullbacks are relatively normal and reasonable. Perhaps it will attract more institutional and retail investors to rush in, and the consensus of the cryptocurrency market will be further strengthened, and the market prospects will be even hotter.
Many sources predict that this bull market will last until September 2025. It is reasonable to believe that it is only a matter of time before Bitcoin breaks through the all-time high of $73,000 and then breaks through the $100,000 mark. By the end of 2025, Bitcoin may break through $150,000, which will drive the booming development of the entire cryptocurrency market, which is even more worth looking forward to.
——2024.5.2 Mingyuan original
