Crypto bull markets donât just happen overnightâthey evolve in distinct phases, each with its own unique vibe, opportunities, and challenges. Buckle up, because weâve officially entered Stage 3: Euphoria. Letâs explore what that means for you, your portfolio, and the market.
Phase 1: Rebirth (Jan 2023 â Jan 2024) đ±
This was the period when most people were still licking their wounds from the bear market. Apathy reigned supreme:
Sentiment: Media focused on market blowups. Layoffs continued.
Market Action: $BTC quietly rallied 3x, but it felt like a dead cat bounce.
Who Thrived?: Only seasoned crypto veterans with 2+ cycles under their belt noticed the bull market had quietly begun.
Phase 2: Excitement (Feb 2024 â Nov 2024) âĄ
This stage saw early signs of recovery and narratives sparking life back into crypto.
Sentiment: Crypto insiders embraced the bull market, but the outside world stayed skeptical.
Market Action: Some coins reached all-time highs; narratives reemerged, but only a few per quarter.
Your Circle: Friends still werenât texting about crypto, and the space felt oddly insular.
Phase 3: Euphoria (Nov 2024 â Mid-2025) đ
Will Trump Take Bitcoin to the Moon? đ
Welcome to where we are nowâthe most fun and chaotic stage of the cycle.
Key Moment: Euphoria officially began on November 5th with the presidential election.
Market Action: Everything is blowing past ATHs. Narratives are emerging weekly (soon daily).
What to Expect:
New coins launching left and right.
FOMO is at an all-time high.
Private markets heat up; VCs and hedge funds rush to allocate.
Hiring wars kick off as protocols offer lucrative token packages.
đĄ Advice: Know your limits. Whether youâre trading, building, or investing, understand the trade-offs of your strategy.
Phase 4: Disconnection (Mid-2025 â Beyond) đ
This is where things get⊠weird.
Sentiment: Delusion takes over. Everyone believes prices will go up forever.
Market Action: Random coins 10x in a week. Fortune 500 companies announce massive $BTC purchases. Grifters raise millions overnight.
Cultural Impact:
Athletes and celebrities launch tokens.
Crypto dominates headlines and pop culture.
Companies spend billions on marketing; decentralization becomes a buzzword.
đĄ Warning: Arrogance and laziness can be costly in this phase. Stay sharp, and donât get swept up in the madness.
How to Prepare for Whatâs Next đ
Focus on Fundamentals: Choose quality projects with strong use cases and development teams.
Manage Your FOMO: You canât own every moonshot coinâfocus on your strategy.
Build Relationships: Connections in crypto will help you navigate the volatility of this stage.
Take Profits: Donât let greed stop you from cashing out. Stage 4 euphoria can blind even the most seasoned investors.
Final Thoughts âš
The next 12 months are going to be a wild ride. For those who focus, 2025 could be life-changing. But stay humbleâStage 4 will punish arrogance and complacency.
Above all, remember to enjoy the journey. Crypto isnât just about profits; itâs about being part of a revolution. Letâs build together. đ«Ą
Now, whatâs your plan for Stage 3? Share your thoughts below! đ
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