This question should be a question for many people❓
At the beginning of 2024, everyone was full of confidence. Bitcoin ETF was approved, and major brands were pulling up the market. Everyone thought that a big bull market was coming. As a result, the cryptocurrency market turned around quickly and took a sharp turn downward. Such a dramatic scene is so frightening.
Since April, there has been a big drop at the beginning of every month, and everyone began to doubt it. Until August 5, Ethereum took the lead in smashing the table, and the decline was also unprecedented panic.
The Shanzhai fell by more than 30% in 4 hours. This was the most nightmare day in 2024 and it was beyond everyone's expectations. Even those who shorted did not expect such a crazy day.
Faced with this overwhelming wealth, many people failed to catch it. Most people closed their accounts too early and could only watch the market go down and then come back.
Needless to say, the long army basically gave back all the profits from the wave of gains at the beginning of the year, and also took the interest. From this result, everyone has discovered that the cryptocurrency circle seems to be far more bloody than we imagined.
Even for an old investor, it is hard to accept it in a short period of time, let alone a newcomer. This is a profound lesson.
What we can learn from this wave of decline is "respect for the market". In fact, it is worth losing money. This result is the price to pay for arrogance. Since we have lost money, we must learn to see opportunities from failure.
Don't be discouraged, and don't doubt that the power of the trend has ended.
Since the Bitcoin ETF was approved on January 1, 2024, funds have maintained a steady inflow, and the current value of holdings has reached 48.587 billion US dollars
Compared with the bull market in 2020, the financial strength has made a qualitative leap
Although the performance of sub-mainstream and copycat is not good, the global financial market has gradually recovered since the Fed cut interest rates on September 19.
The rise of US stocks, gold soaring, A-shares soaring, and Hong Kong stocks all gave the answer.
Now the world is releasing money, and countries are playing games. During this period, countless opportunities will be born, which is enough to show that a new round of wealth distribution has begun. As a financial investor, you should be excited.
This is a new opportunity. The process of wealth distribution is a reward for the strong. You must improve your abilities in this limited time and firmly grasp this opportunity. Don't blindly follow the trend, otherwise you may be the one standing guard and blowing the wind.
The cryptocurrency market has broken away from the downward trend since September. With the recovery of the global financial sector, the cryptocurrency market will certainly not be absent; high-quality currencies will definitely get full appreciation in this round of market.
Therefore, it is time to talk about faith. Remember that your goal in the cryptocurrency circle is not to be a leek, but to make money and achieve wealth goals.
Don't just follow the trend and spend more time to improve your professional knowledge and technical foundation. It will allow you to gain unlimited compound interest in the next big market.
Be patient with loneliness, keep your heart, and cut off the sources of useless information
Especially those communities that see bulls one moment and bears the next, a small direction a day and a big trend a week, to put it bluntly, they are all traps
There is logic behind the rise and fall of coins; the key lies in whether you can understand it.
In this stage of the cryptocurrency world, holding a coin is like finding a husband or wife.
You need to know a person well enough. You need to screen them based on their appearance, personality, family background, financial strength, and other abilities before you can decide whether you can get along with them and finally decide whether you can get married and have children.
It is the same principle as holding currency. You can only invest your hard-earned money if all aspects meet your criteria and indicators. Otherwise, if there is a slight fluctuation and things don’t go as you wish, you will be afraid and doubtful, and then you will either suffer a huge loss or miss the big market and lose money.
Therefore, my point of view has always been very clear. Since 2023, I have been certain that 2024 will be a bull market. Although there are many variables, as long as the trend is there, I believe in my judgment.
These are the effective experiences summarized from the past two bull markets. Whether they are right or wrong, I am willing to pay for them.
I will not doubt myself, nor will I doubt the coins I choose, because I am always tracking the development trends of these coins. As long as they move forward steadily, they will definitely be a "dark horse"
The momentum of blockchain cannot be reversed and will definitely be bright. The US government and many other countries regard BTC as a strategic reserve, just like Hong Kong is betting on Web3.0, and Russia is also opening a digital currency settlement system. These are all bright lights on the road.
The future of the cryptocurrency market will definitely be a century-long market. Now is the early stage. If you invest the rest of your life in such a sunrise industry, there is nothing you can't turn around. Even if you can survive this wave of market and make a little money, these experiences are priceless.
In the future, more people will join, and the cryptocurrency circle will continue to grow. With the blessing of successful experience, it is like constantly adding, making small profits in small markets and countless times more profits in big markets.
As long as you are professional enough, have money, leisure and time, the cryptocurrency world can accompany you until the moment you can no longer breathe, just like Charlie Munger, who lives a carefree and glorious life.
Therefore, missing out on a few skyrocketing coins is nothing, and being penniless now is nothing. The most frightening thing is that you still have the mentality of taking a gamble. Whether you are right or wrong, you will eventually lose to human nature.
The biggest difference between ordinary people and experts in the cryptocurrency world is that ordinary people always want to seize every opportunity, pay less and win the most; while experts know how to choose the opportunity with the highest winning rate and the lowest risk.
Human desires are infinite. You must be cautious with people and things that make you want to increase your greed.
To earn your first pot of gold steadily, you don’t have to make a million. Depending on your own situation, 30-50W is also a brand new start.
As long as you can get yourself out of despair, it doesn't matter if you go slowly. Keep the pace. If others can achieve it in one wave, you can achieve it in two or three waves. Don't compare yourself with them, but compare yourself with your past self. As long as you are on the upward path, the future will be beautiful and bright.
If you are a newbie, you need a guide.
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