The shorter the time period is compressed, the more difficult it is to accurately judge trading opportunities. In the cryptocurrency circle (coin circle), this dream of getting rich quickly in the short term has almost become a common mentality. People are eager for a surge in wealth overnight, which is often an unrealistic fantasy. Because of this, trading in the coin circle is described as a difficult game, in which the short time period makes it more like a gamble that relies on luck. Many people may eventually lose money quickly due to lack of sufficient strength and judgment.
In fact, waiting for an ideal opportunity to buy at the bottom is not out of reach. Generally speaking, one or two such opportunities can always be captured within a year. The only thing that can be confirmed is that the coin circle encounters some unexpected "black swan" events every year, which is a normal phenomenon in this field.
Looking back over the past few years, from the market crash in 2018, to the market bottoming out in 2019, to the 312 incident in 2020, the 519 market volatility in 2021, and the FTX incident in 2022, to the Silicon Valley Bank crisis in 2023 and the ETF bottoming out through the low volume volatility of the previous market, all prove this point.
In these years, there will always be a clear turning point or an extremely favorable position building structure. However, the reason why many people are still losing money is that they cannot wait patiently for the only one or two excellent opportunities in the year, but are obsessed with the fantasy of pursuing huge profits every day.
