Bitcoin has remained at $94,000 for almost 10 days, which is another precarious trend.
The cryptocurrency world in 2024 had a good start. I thought it would be smooth sailing, but no one expected it to be so torturous.
Even though we expected a bumpy ride at the beginning of the year, it was somewhat beyond our expectations.
This makes me feel more deeply that the development of the cryptocurrency industry has exceeded the imagination of countless people.
Both the speed of application and the amount of capital inflow exceeded market expectations.
Therefore, the trend this year is very strange. It is slow to rise when it should rise, and slow to fall when it should fall.
The only normal trend is Bitcoin, which has maintained its healthy state.
The correlation between altcoins and Bitcoin is becoming less and less; it is completely different from the trends of the past three bull markets.
The era of all coins rising together is already a very distant matter; this is the power of trends and the charm of change.
Everything needs to follow the trend; simply being yourself will definitely be drowned by the pace of the times.
In 2024, the cryptocurrency market has entered a regular investment phase; it is no longer the wild era.
To take even a penny from this market, you must rely on your strength; without strength, you can only lose money.
So, don't fantasize about making a quick profit and exiting completely; that is impossible.
Bitcoin is no longer an object for retail investors; the only route suitable for retail investors is contracts.
However, contracts are a rare path, and only 1% of people here will truly make money.
If you don't understand anything, it's recommended not to play with contracts; it's no different from giving away money.
Bitcoin and altcoins have already polarized; I've emphasized this perspective since April of this year.
No matter how Bitcoin moves, the era of altcoins rising together will no longer occur.
The truly valuable altcoins will only be a small number of currencies. If you want to make money in altcoins, you need to follow professional institutions.
Analyzing, assessing, and selecting a good coin by yourself is more difficult than playing contracts.
Many people may not realize it, but think about your years of experience in trading coins: besides Bitcoin and Ethereum, which coin would you dare to buy heavily and hold firmly?
Don't focus too much on the fluctuations of the market; the more you pay attention, the more you will lose money.
What truly makes you money is professional ability, unique insight, and choices made after deep research.
This world is very fair; you must meet the threshold of how much you put in before you have the right to say you make money.
Just like in the cryptocurrency world, if you haven't experienced a few deeply painful losses, thinking you can leave with millions from the crypto market is just a fantasy.
Therefore, whether there will be a bull market for altcoins or whether they will crash is not the most important; what truly determines whether you make money is whether your thinking aligns with the logic of the crypto market.
Finally, I want to share a quote with everyone:
Every path you walk in life is actually a form of insight.
Having seen the world in all its forms, one can be indifferent to the warmth and coldness of the world.
All experiences ultimately become light, illuminating the path ahead.
