The cryptocurrency market has been hitting new highs, but very few have made money. Aside from those who are heavily invested in cryptocurrencies, those holding mainstream and speculative assets are currently in a loss state. Those who entered the market in March of this year are even worse off, having ridden a roller coaster that shows no signs of returning to previous highs.
Everyone believes that this bull market does not have a season for speculative projects, for the following reasons:
1. The market for cryptocurrencies is already large enough; the main forces do not need to gradually release their holdings by pulling up the price to 5-10 times as they did before (after removing the high price and the buyers, they only earn 1-2 times). Currently, the cryptocurrency market is deep enough, and countries will gradually treat cryptocurrencies as strategic reserves, with listed companies, funds, and ETFs entering the market one after another. The main forces can achieve profitability at very low costs.
2. The cryptocurrency ecosystem has already stagnated, what does that indicate? The best speculative projects have been abandoned by the main forces, further confirming the viewpoint in the previous point.
3. Retail investors are waiting for the main force to carry them, and I think the main force may not be very smart, but often they are only a little smarter than retail investors, actually not much, just a little. Is it normal to have someone who is just a little smarter than you carry you? And it's a smart person who has already made a lot of money.$BTC #
