Watching the A-share market surge, many people are wondering: Is there still hope in the cryptocurrency world?
At the beginning of the year, everyone was quite optimistic. As soon as the Bitcoin ETF was approved, the main players began to pull the market, and everyone thought that a big bull market was coming. As a result, the cryptocurrency market suddenly turned around and fell, causing panic among the people.
Since April, the beginning of every month has seen a sharp drop, which has made people start to doubt their lives. On August 5, Ethereum led the plunge, and altcoins fell by more than 30% in 4 hours. That day was really terrible, and no one expected it to fall so much.
Many people failed to catch this overwhelming wealth and closed their positions too early, and could only watch the market go up and down. The bulls basically gave back all the profits at the beginning of the year, and even paid interest. Now everyone understands that the cryptocurrency circle is far more bloody than imagined.
Even experienced investors find it hard to accept, let alone newcomers. However, if you can learn to "respect the market" from this wave of decline, it is worth losing money. This is a lesson for arrogance. If you lose money, you must learn to find opportunities from failure.
Don’t be discouraged, and don’t doubt that the power of the trend has ended. Since the Bitcoin ETF was approved, funds have been flowing in steadily, and the value of holdings has now reached 48.587 billion US dollars. This is much stronger than the bull market in 2020.
Although sub-mainstream and altcoins have performed poorly, the global financial market has been gradually recovering since the Fed cut interest rates on September 19. U.S. stocks, gold, A shares, and Hong Kong stocks are all rising, indicating that a new round of wealth distribution has begun.
As financial investors, we should be excited. This is a new opportunity, and the process of wealth distribution is a reward for the strong. We must improve ourselves in this limited time and firmly grasp this opportunity. Don't follow the trend blindly, otherwise you may become a person who stands guard and blows the wind.
The cryptocurrency market has already broken away from the downward trend since September. With the recovery of the global financial sector, the cryptocurrency market will certainly not be absent. High-quality currencies will definitely get a full increase in this round of market.
So, now is the time to talk about faith. Remember that your goal in the cryptocurrency circle is to make money and achieve wealth goals, not to be a leek. Don't follow the trend and spend more time to improve your professional knowledge and technical foundation. Only in this way can you make unlimited compound interest in the next big market.
Be patient, keep your original intention, and cut off the useless information sources. Especially those communities that see bulls and bears at different times, a small direction a day and a big trend a week, to put it bluntly, are all traps. The rise and fall of coins are all logical, the key is whether you can understand it.
Holding coins is like finding a husband or wife. You need to know a person well enough to decide whether to get along, get married and have children. The same is true for holding coins. You can only invest money if all aspects meet your criteria and indicators. Otherwise, if there is a slight fluctuation, you will be afraid, doubt, and miss the big market or suffer huge losses.
I have always been very clear about my point of view: I have been certain that 2024 will be a big bull market since 2023. Although there are many variables, as long as the trend is there, I believe in my judgment. These are the effective experiences summarized from the past two waves of bull markets.
The momentum of blockchain cannot be reversed and it must be bright. Many countries regard BTC as a strategic reserve, which shows that the future of digital currency is bright. The future of the cryptocurrency market will definitely be a century-long market, and now is still in the early stage. As long as you are professional enough, have money, leisure and time, the cryptocurrency market will accompany you until the moment you can no longer breathe.
So it is nothing to miss a few skyrocketing coins, and it is nothing to be penniless now. The most worrying thing is that you still have the mentality of taking a gamble. No matter right or wrong, you will eventually lose to human nature. The biggest difference between ordinary people and experts in the cryptocurrency circle is that ordinary people always want to seize every opportunity, while experts know how to choose the opportunity with the highest winning rate and the lowest risk.
You don't have to earn a million dollars to make your first pot of gold steadily. 300,000 to 500,000 dollars is also a brand new start according to your own situation. It doesn't matter if you go a little slower as long as you can get yourself out of despair. Keep the pace and compare with your past self. As long as you are on the rise, the future will be beautiful and bright.
