This round of bull market is the most tragic and complicated one in the history of cryptocurrency.

1. General losses: In the first half of this year, most people suffered losses, and only a few people were able to make profits. Especially some old leeks who have participated for a long time, even if they have abundant resources and principal, can hardly escape being cut.

2. Collective panic: In the past, people generally believed that Bitcoin would usher in a big bull market before and after the halving, but last year's increase in Bitcoin was almost completed. There is a similar situation with altcoins. When everyone expects the market to be coming, the market has actually entered the correction stage. After missing Bitcoin, everyone collectively chased altcoins, and the result was that there was no rise after buying.

3. Collapse of altcoins: Many altcoins face the risk of returning to zero. Unlike in the past, today's market consensus and investment standards have changed. Altcoins are no longer seen as investment opportunities, and many projects are facing dissolution. The consensus of altcoins collapsed. Once the inside story was exposed, investors sold them one after another, causing the market to collapse rapidly, and many investors suffered losses.

4. The consensus of venture capital was shaken: investors' trust and awe of venture capital were greatly reduced.

5. Difficulties in starting a project: Project parties must adapt to future trends, understand community needs, and be proficient in marketing and community operations, all of which make it increasingly difficult for projects to succeed. There are fewer and fewer successful projects, and retail investors' trust in project parties is also declining, forming a vicious circle.

6. Diminishing crypto dividends: The dividends of the crypto market are fading rapidly, and many people are eager to quickly gain wealth and freedom. This anxiety is becoming more and more prominent in the market. After the bull market, many people began to worry about their future in this field.

7. Ideological changes: This round of bull market has brought many changes in ideology and consensus forms, and we need to re-examine the crypto market. Respond calmly, stay rational, don't be too optimistic too early, and don't lose the overall perspective.

8. Unexpected changes: This round of bull market may make many people's savings for many years go down the drain, and many unexpected things have happened. After years of enjoyment, it is inevitable to encounter a setback.

The cruelty and complexity of this bull market are unprecedented, reminding us that we need to remain calm and rational in the pursuit of wealth.