Why do many people lose money in a bull market? Because the sentiment in a bull market is largely driven by FOMO (Fear of Missing Out), and the market is filled with stories of getting rich quickly, which can easily dazzle people.
In such a restless market environment, it becomes particularly difficult to remain calm. During a bull market, many people easily lose their direction. In fact, we should adopt a "subtraction" strategy, learning to let go rather than blindly chasing every seemingly promising project.
For example, coins like FIL, EOS, ARB, although they may experience a surge, I prefer to quickly take profits when opportunities arise and then exit, concentrating most of my energy on mainstream projects, while appropriately allocating a small portion of my energy to smaller potential projects. Even if these choices are wrong, they will not affect the overall market returns; but if the choices are right, it is equivalent to obtaining mainstream returns.
Currently, altcoins are still in a rebound and catch-up phase. Unless significant applications emerge in certain ecosystems, it is difficult for these coins to maintain long-term upward trends. For example, Bitcoin may consolidate around $100,000, meme coins are also adjusting, and funds are starting to flow into the altcoin sector, driving a short-term market rise. The rise of some obscure old coins is mainly driven by concentrated institutional capital, and this kind of increase is often difficult to sustain.
