Today is December 23rd, and Bitcoin has not yet hit bottom.
Boring market, boring garbage time!
Bitcoin BTC, bottom-fishing still needs to wait for a panic big candle...
Those with positions still have to endure; fast bulls have turned into slow bulls, but as long as the bull remains, reaching the finish line is still something to look forward to.
The market is expected to improve as early as January; it always swings from one extreme to another.
When sentiment is good, a few days can see several times the return; similarly, when sentiment worsens, declines can also be bottomless.
This circle has its appeal precisely because of the large fluctuations.
If things are really like the big A, where the dead pig isn't afraid of boiling water, many people are likely to leave.
Making money from trading altcoins this round is really difficult. I've been pondering why this round is so challenging!
It seems that past experiences are completely useless in this round; it's really difficult to make big money with diamond hands this time.
I realized during lunch today that the market has really changed; it's no longer the market we are familiar with.
The application of artificial intelligence in the cryptocurrency space is indeed a dimensionality reduction attack; thousands of altcoins flood the market every day, and as long as there are trades, market liquidity will be diluted.
What this market lacks the least is altcoins; the vast majority of projects have no competitive edge, including Ethereum's previous smart contracts, the security and other competitive edges are being challenged by SOL.
Only Bitcoin has scarcity; all other altcoins do not possess this, which is the root of this bull market being solely a Bitcoin bull market.
From the market perspective, there are more and more clones, all coming to extract liquidity.
It's becoming increasingly difficult for the secondary market to achieve tenfold or even hundredfold gains like in the past. Looking back at the 50 years of experience in Nasdaq, there have been thousands of companies that issued stocks and went public, but only a few have lasting power.
Therefore, we cannot be too obsessed with the gains of altcoins in defining this round of bull market. The market has really changed!
At least we shouldn't have overly high expectations; otherwise, the vast majority of altcoins in the bull market might not see significant gains.
Timely adjustment of strategies to adapt to the market.
Otherwise, you'll eventually be ruthlessly eliminated by the market...