In the financial world, bull and bear markets always alternate, and each such transition makes some people rich. This is the characteristic of this circle, it is very volatile and cyclical. Whenever the number of Bitcoins is halved, those experienced investors will start to hype, but if you don't touch high-risk contracts and altcoins, just simply buy and sell, you have actually started to make money.
I know several young people born in the 2000s who have made tens of millions through the last round of the market. Imagine if they work or do business like most people, it would be almost impossible to achieve such wealth accumulation. Therefore, the cryptocurrency market has given many people, especially young people like them, an opportunity to accumulate wealth quickly. But this does not mean that I want to encourage everyone to enter this market, because this market is very chaotic and there are many people who lose money. While you make money, there are also people who lose money.
Making money in the financial market is actually buying low and selling high. Let's look back at the bottom of the last round. The price of Bitcoin was 3800 and Ethereum was 88. Then when the bull market came, Bitcoin rose to 69,000, and Ethereum doubled 60 times to 4,800. Now it seems that if the US stock market keeps falling, Bitcoin and Ethereum may also be affected. But if the US stock market is good, the bottom this year may be around 17800 and 880. But no one can predict the future market, we can only take one step at a time.
For us retail investors, there is no absolute bottom, only a relative bottom area. If you pursue the absolute bottom, you may miss the opportunity. As long as the decline of Bitcoin and Ethereum exceeds 70%, we can start to adopt a fixed investment strategy and buy some every month, so that no matter how the price changes in the future, our holding cost will remain at a reasonable level. Don't think that you can always buy at the lowest point and sell at the highest point. This opportunity is really rare.
For ordinary retail investors like us, if we want to make money in the financial market, patience is the most important thing. We have no financial advantage or news advantage. The only thing we can do is to wait for opportunities and be more patient than others. Only in this way can we make money in this market.
