Whenever the bull market and the bear market alternate, there are always some people who buy at high points. Why is this?

In the financial market, retail investors often play a tragic role. Whether in a bull market or a bear market, retail investors are always led by market sentiment, and the result is often chasing ups and downs, and eventually getting into trouble.

Judging from the performance of the market in 2021, at the end of the bull market, a large number of retail investors and funds poured in like a tide, fearing to miss the last wave of dividends in the bull market. The rush to buy led to a sharp rise in the market at the end of the bull market.

However, the closer to the peak, the greater the risk, and many retail investors were eventually trapped at the highest point and became victims of market adjustments. Correspondingly, at the end of the bear market, retail investors panicked and sold, eager to stop losses, and even directly uninstalled the exchange.

This phenomenon is also reflected in the younger generation of investors. The post-00s began to stay away from the crypto market, not opening accounts, and not buying coins. In contrast, the previous generation of post-90s and post-80s entered the market more actively when facing market fluctuations.

The current market situation is also difficult to predict, but we should see that the downturn in the market is often when most people dare not enter the market again. Brave investors may find more opportunities at this time.