In a complete bull market, cryptocurrency prices usually go through the following stages:
Initial Rise: The price first surges 3 to 5 times, followed by a possible correction of 50% to 80%, bringing the price back to near the starting point of the first wave.
Main Rise: After experiencing the initial adjustment, the price will start the main rise, possibly surging 5 to 20 times, reaching the peak of the bull market, after which the bull market ends, and the price may face a decline of up to 95%.
Many investors often underestimate their ability to choose coins while overestimating their ability to hold them. To achieve a hundredfold coin, one must be prepared to endure significant pullbacks and profit reversals, as well as the accompanying fluctuations and psychological pressure.
In summary, the fluctuations and adjustments in a bull market are inevitable. Successful investors need to possess patience and psychological resilience to persist through the ups and downs of the market and ultimately achieve profits.
