Is the bull still there? What are you thinking? This trip has only covered about 50%; now it’s a pullback and it's only 15%. Why do you think you can keep running without refueling?

Don't say it's a bull market; even individuals cannot keep running forever. They walk a bit, run a bit, take a pullback to rest for a while, and then continue to walk and run. Isn’t this normal?

What? Your account is not down 15%, but 50%. This is how it is when playing with altcoins; it has never changed. The bigger the storm, the more valuable the fish becomes. The financial market has always been like this: 7 lose, 2 gain, 1 break even. If you don’t have comprehensive wisdom or a plan, isn’t it natural to become one of the 7 in the market?

Do altcoins have value? If so, what is the value of their existence? Of course, altcoins and 'shitcoins' have their own value.

First, as an entry point to attract more people to get rich quickly; second, to get more people who hold Bitcoin to exchange for these altcoins and then diversify the Bitcoin they hold.

Bitcoin achieves circulation and distribution to everyone in various ways. The more people who receive it, the more people recognize it, and the more recognition it gets, the greater its value.

The market will not change based on personal will; it won’t make you rich just because you want to get rich. I know that before entering the crypto circle, you all possess a spirit of overcoming difficulties and fighting against challenges with strong will. This excellent spirit may make you very successful in your industry, with a strong personality, but when the market is against you, you will not yield or retreat, but continue to fight until you are destroyed.

You forgot that you chose the wrong target. You overcame difficulties and fought against challenges, but if the direction is wrong and the tools are wrong, how could there possibly be results?

Trading is also a form of practice; learn to recognize mistakes, correct them promptly, adjust direction, and walk towards the right path as soon as possible. Especially with contracts and high leverage, many people should have felt this deeply in recent days; the most painful thing in the world is liquidation.

Altcoin spot trading is already risky, not to mention contracts and high leverage; these even riskier things can easily cause confusion. The most stable in the crypto circle is Bitcoin, which is steady and reliable.

So, you want to study Bitcoin, gain a deep understanding of Bitcoin, rather than altcoins. Lu Xun said, if you talk to me about Bitcoin and you don't hold any Bitcoin, what are we even talking about? To be honest, if you don’t hold any Bitcoin at all, you will be looked down upon in the circle. After playing for a few years without any Bitcoin, what can you say you are doing?

Give up the idea of making quick profits from altcoins in the short term; participating with a calm mindset like managing finances is the best attitude.

Give up the daily chasing of highs and lows; even for altcoins, it takes time to ferment asset value. Waiting for 'expected' surprise returns on some quality altcoins is not impossible.

In the short term, this approach seems quite 'ostrich-like', and you might have a floating loss of several tens of percent in your account. However, as long as the varieties you invest in are not too bizarre, extending the cycle to several years will likely lead to decent returns.

Do not engage in short cycles; short cycles require too high a mentality, emotion, and technical skills. As the operation level decreases, market changes become faster and harder to grasp, and you are more likely to be affected by emotions. If your abilities do not support playing at a small level, then don't play; otherwise, you will incur serious losses and might even hold positions until your capital is exhausted.

The cryptocurrency investment market is a long-term benefit market. If you look at 3, 5, or even 10 years, Bitcoin and quality altcoin assets that can survive across cycles will still have tremendous upside potential. This is an inevitable result of global wealth migration.

However, in the short term, a market that has been hitting new highs recently will certainly experience counter forces. Moreover, this industry is rife with rumors, and many new friends will experience the process of being harvested repeatedly by rumors and fluctuations. Therefore, short-term market fluctuations are completely normal.

When does the altcoin season come?

According to historical data from previous cycles, the best time to invest in altcoins is in the first quarter of the second year after the halving, which is around February to March 2025.

But this does not mean that the altcoin prices in February and March are the lowest; it just means that this time period is the most suitable. You do not need to experience the waves of bloodshed in altcoins from 2022 to 2024.

I have said before that the timing of entry is more important than the price of Bitcoin. This strategy applies not only to Bitcoin but also to altcoins.

The only thing in the world that can yield without labor is poverty, and the only thing that can create something from nothing is dreams. There is no market that doesn't make money, only thoughts that don't make money. The market may be cruel, but as long as you are willing to walk, if you come to an understanding, there will always be a path. I have always been on the road, waiting for all of you to join me!