In every bull market, you will always hear people saying, “This time is different! This bull run is unique because we now have a Bitcoin ETF and institutional investors are participating! However, history repeats itself every time. We see a bull phase, followed by a sharp decline to shake up the newcomers, and then a “hyperclimax run” where altcoins and Bitcoin skyrocket, only to be stopped by a sharp decline that ends the party. Institutions decide when it ends, and most people end up losing money.
People often view dips as a fantastic buying opportunity, rushing into cryptocurrencies thinking they can benefit from the dip. However, they typically hold these assets for years, waiting for them to return to expected levels. The cycle is always the same: different participants, same behavior. It's a harsh reality that the big fish eat the little ones, leaving them confused while the big players feast.
To succeed, you need to learn to navigate the market like the big players. Watch their actions, not their words. They want you to lose, as I have explained in other posts. By understanding and anticipating their actions, you can potentially profit from cryptocurrencies. Otherwise, trading in this market is similar to playing in a casino, only with worse odds.
I hope some of you understand what I'm talking about. This post reflects my opinion only. Thank you for reading. If you found this article useful, please like, comment, share and subscribe. Your support means a lot to me. You can also give me advice about Binance (available on Android and web), which motivates me to continue helping newbies in this market.
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