This weekend was boring. This round of bull market should be the worst in the history of cryptocurrencies. It is getting harder and harder for retail investors to make money. I think there are several reasons:

1. General losses: In the first half of this year, most people lost money, and only a few made profits. Many of the losers are old investors in the currency circle. Even if they have resources and capital, this bull market is particularly harsh, and many people cannot get out of the trap.

2. Collective panic: In the past, people thought that there would be a big bull market two or three months before and after the halving of BTC, but BTC almost finished rising last year. The same is true for altcoins. When everyone thinks the market is coming, it is actually over. After missing BTC, everyone collectively got on the altcoin train, and the result was that there was no rise after getting on the train.

3. Collapse of altcoins: Many altcoins will return to zero. Unlike previous rounds of bull markets, today's consensus logic and investment standards have changed. Altcoins are no longer seen as opportunities, and many people are eliminated as a result. The consensus of altcoins collapsed, and no one paid after the inside story was exposed, and a rapid collapse occurred, burying many people.

4. Collapse of VC consensus: Investors no longer hold high respect and faith in venture capital, and their words and actions have very low trust. 5. Increased difficulty in project entrepreneurship: Project parties need to understand future trends, community needs, marketing and community operations, which are becoming increasingly difficult. There are fewer and fewer successful projects, and retail investors' trust in project parties is also decreasing, forming a vicious cycle. 6. Diminishing crypto dividends: The dividends in the currency circle have faded, and everyone is eager to quickly obtain wealth and freedom, and they are very anxious. After this round of bull market, many people are worried about their future in the circle. 7. Ideological change: This round of bull market has brought many changes in ideology and consensus forms, and everyone needs to re-understand the crypto circle. Don't be impatient, don't be discouraged, don't be happy too early, and don't lose the pattern. 8. Unexpected changes: This round of bull market will make many people's years of accumulation go to waste, and things you didn't expect will happen. After so many years of happiness, it's not too much to be sad once. The cruelty and complexity of this bull market are unprecedented, reminding us to stay calm and rational in the pursuit of wealth! #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #MiCA #币安合约锦标赛 $BTC