First Stage: Rebirth (January 2023 - January 2024) At this stage, the fatigue of the bear market looms over the entire crypto industry. A cold atmosphere pervades the market, with the previous bear market collapse still the focus of attention for investors and media, and layoffs continue. However, amidst this seemingly bleak environment, prices quietly begin to recover, with Bitcoin's price tripling. But most investors, due to being in a state of loss from previous investments, hardly notice this change. Only seasoned cryptocurrency investors who have experienced more than two cycles, armed with sharp market insights, realize that the bull market has quietly begun. For most, however, they still do not believe that the bull market has started and remain immersed in the shadows of the bear market.
Second Stage: Excitement (February 2024 - Early November) Starting in February 2024, the market enters the excitement stage. Prices of some coins are close to historical highs, and market stories begin to return, but only a few each quarter. Within the cryptocurrency field, everyone clearly knows that the bull market has arrived, but strangely, friends outside the industry do not pay much attention. The phenomenon of layoffs has basically ended, but recruitment has not yet restarted on a large scale, leading to a relatively closed state of the whole industry. Investors find themselves in a complex emotional state of both excitement and anxiety, excited about the market's rise while also worrying that this is just a temporary rebound. Overall, however, life is relatively good for investors at this stage, as those in the cryptocurrency field are starting to profit. It feels like the calm before the storm, as the market is brewing greater changes.
Second Stage: Euphoria (Begins after the presidential election on November 5) Currently, we are in the euphoria stage. This stage officially begins after the presidential election on November 5 and is a delightful moment. Almost every investor is making money, but speculators have not yet rushed into the market on a large scale. The prices of the assets owned by investors continue to climb, many have already surpassed historical highs. In the past, new market stories would appear only a few times each quarter, but now new stories emerge every week.
Fourth Stage: In the end, new stories will emerge almost every day. At this stage, the market exhibits an extremely optimistic sentiment, with every new idea viewed as a 'good' idea. Every person with fans is considered a genius, and they all have their insights on new market stories. Someone will certainly make money on this week's popular coins and will not shy away from showing off. This easily triggers other investors' 'fear of missing out' (FOMO), and seeing others make money while they miss the opportunity can frustrate investors.
At this stage, new market stories continuously give rise to new coins, with prices rising daily, making it difficult for investors to own all the coins that are increasing in value. This leads to a sense of regret and unwillingness when hearing about other popular new coins experiencing even more rapid growth, even if the coins they invested in this week have seen good gains. It feels like missing out on one excellent opportunity after another to achieve greater wealth.
I am preparing for the upcoming layout of the divine order!!!
Comment 168, get on board!!!
Impermanence brings impermanence brings impermanence brings!!!
Important things are said three times!!!
