The recent market seems to be falling every day. After finally rising, it falls a little every day, and many coins return to their original positions.
Coupled with Shenyu’s previous remarks, this round of bull market may not have a copycat season, which makes many people start to worry. Is it true that there is no hope for copycats in this bull market?
For those who have limited funds and want to try their luck in the cryptocurrency world, copycats are their only chance. They think the prices of Bitcoin and Ethereum are too high, and there is not much room for growth if they buy them. If they want to make a comeback in the bull market, they can only rely on copycats.
The current cryptocurrency world is no longer the same as it was in the past.
The development of anything is constantly evolving and will not remain unchanged.
Through the recent ZKS airdrop results, everyone should have clearly felt that last year it was retail investors who benefited from the airdrop, but now it is retail investors who are being benefited from the airdrop.
Looking back from last year to this year, Bitcoin has broken new highs, but many currencies have not moved at all. Because the Bitcoin ETF was approved in the first quarter of this year, a large amount of funds entered the market, the market rose, and many people rushed in to hold heavy positions, but they were all deployed at high levels.
Therefore, there are very few people who really make money in the market in the past two years.
Most people are losing money after entering the circle. The main reasons are as follows:
First, the wrong currency was selected
This round of bull market is not hopeless for copycats, but among the hundreds of thousands of targets, only a few can rise. When you don’t understand the development of the industry and have insufficient knowledge, you can only pick up leftovers.
I don’t understand the coins I bought, so even if I’m lucky enough to buy a coin that’s going up, I only buy a small position and most of my funds are at a loss.
Second, the timing of buying is wrong
If you choose the wrong currency and don’t understand the fundamentals, at least you can use the technical aspects to help you increase your winning rate and reduce the probability of loss.
When you think a coin is going to rise well, you can also check the market to see if you can buy it later, so as not to buy it at a high price.
Third, I know how to buy but not how to sell.
There are few coins that can rise in value. It is possible that some people are lucky enough to encounter coins that rise well.
I don't know how to sell. I either run away after making a little profit, or I hold on to my stocks even when the market has peaked. I can't grasp the good opportunities. God has given me the opportunities, but I don't work hard to improve myself and I don't have the ability to grasp them.
In this market, the appearance of the market is changing, but the essence of finance remains unchanged, and human nature never changes.
This year's copycat season will be particularly cruel and heartbreaking. If you want to turn things around, you can't just rely on luck.
Because it's not just you, too many people are counting on luck
Even if God has given us this luck, we must have the strength to handle it.
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