What stage do you think the cryptocurrency market is in now?
If we look at it from the perspective of the bull and bear stages, we are now in the middle of the fourth cryptocurrency bull market. A 4-year cycle, a 3-year bear market, and a 1-year bull market. In a 1-year bull market, the first 8 months are basically a slow wash-out decline. The next 2 months are a rush, and the last 2 months are a peak.
Strictly speaking, the bull market started in October 23. So now the bull market is interrupted. There are still more than 2 months left in the bull market. The real outbreak period has not yet come. The outbreak period should be like this from August to October. It will end around May 2025.
Of course, this is not true. This is just my opinion based on history. It cannot be counted. I don’t know if it is right or not. But the law of the past cycle is like this. The cryptocurrency market will not rise or fall all the time. This market is developing very quickly.
It must rise rapidly to finally catch up with the market value of gold. So it is a 4-year cycle and the real outbreak is completed in 3-4 months, that is to say, you wait for 4 years just to wait for those 3-4 months. If you miss 3-4 months, your profit will be gone and you may even lose money.
The currency circle must also have the potential to drop sharply to eliminate scams, junk projects and speculators.
The most important thing about the currency circle is efficiency. It was born to change the efficiency of finance, so it must eliminate junk projects. When the bear market starts, except for BTC and ETH, you can't hold them, and you shouldn't keep the others. There may be only two targets that really cross the cycle, one is BTC and the other is ETH. Others may just be runners-up, so wait patiently for the arrival of the violent bull market!
If you have already configured before, you must have confidence in your position. Fine-tuning is okay, but try not to move the large position.
If you have been losing money and don't know what to do, please see my introduction! !