2024 is almost over, and for most people, it might be more losses than gains, especially from March to October, it has been very torturous. Of course, it is still torturous now, as the market has experienced significant pullbacks, especially with altcoins; every time there are significant losses, it’s usually retail investors who suffer.
The year 2025 will definitely welcome altcoin season. Many believe this bull market is different from previous ones, but overall it is quite the same without much change. The cycle might just be advanced or delayed for a period, which doesn’t significantly affect the rhythm of the entire bull market. If you understand technical analysis and replicate market conditions, it is easy to comprehend the trends. Of course, the technical analysis I am referring to is about trend indicators; many people prefer oscillation indicators, which require looking at larger cycles, such as weekly or monthly levels.
If the altcoin season comes, can you make money in the crypto market?
The answer is definitely yes. As long as most people do not operate against the trend, they can basically make money, and the profits are quite considerable. Because during the price rise, most people can chase the price up and sell down, it’s actually easy to make money. You can experience earning in a very short time what you would earn in several years or even over a decade in wages. This is also why the crypto market is so attractive; if you seize the opportunity, it is easy to achieve a leap in social class.
But there is a cruel reality.
Most retail investors actually cannot hold onto the money they earn.
On one hand, there’s the fear of missing out at the top of the bull market, when altcoins are flying, and positive news is everywhere, causing retail investors to get lost in this FOMO emotion. Moreover, many influencers continuously shout bullish signals, pushing prices higher, leading many retail investors to hold onto their positions instead of taking profits until the market crashes. In fact, many retail investors might even sell their houses or take loans to leverage during the bull market peak. Once the market crashes, it can take decades for them to recover. Don’t think that you can recover losses in the crypto market unless your understanding improves, allowing you to make money based on your knowledge; otherwise, you will keep losing.
On the other hand, after the bull market ends, a bear market will follow, which generally lasts for more than a year. Many people actually do not stop trading during this year; they tend to operate repeatedly. In fact, more than 90% of those who make money in the bull market will lose their profits during this bear market year, and many even lose their principal. To be honest, the washing out during a bear market is really brutal. Many influencers and retail investors who have not experienced it will suffer greatly, and most people who exit the market do so during this phase. They cannot hold on until the next bull market.
In general, to make money in the crypto market and actually take it out, you really need a very strong understanding. Most people make money in the bull market mostly by luck, without much skill. A few days ago, someone contacted me saying that their influencer had run away; at the beginning of the year, they earned a wave based on luck, later more retail investors sought him out, and after his true colors were revealed, he ran away. There are actually many such people; during the chaotic times, not only do you need to guard against manipulative traders, but you also need to guard against inexperienced influencers. It’s very tough for retail investors.
Finally, I hope everyone can make money during the altcoin season. Opportunities are always reserved for those who are prepared, so wait patiently.
