Why do many people lose money in a bull market? This is mainly because they are impatient and always follow the market sentiment and blindly chase the rise. When the MEME currency rises, they chase after the MEME currency to buy. As a result, they cannot wait for the upward trend and rush to catch up with the old coins when they start to adjust. When the old coins start to correct, they rush to switch to other varieties such as L2. So busy, but ultimately accomplishing nothing.
However, it is important to understand that funds will rotate. Every sector has its opportunities for speculation, and patience is crucial. As long as the currency you hold is not hopeless, there will always be a day of harvest.
As the price of Bitcoin continues to rise, the overall market conditions will become more intense. New incoming and outgoing funds will focus on altcoins, and a large-scale altcoin market is bound to come. In this process, patience is key.
In a bull market, holding currency and waiting for it to rise is a stable and reliable way to make profits. Unless you are convinced that you are a master and can accurately grasp strong currencies, it is best not to operate blindly. Otherwise, you may be busy and accomplish nothing.
