Last night's market surprised many people.
As I mentioned in my previous article, the more Bitcoin rises, the more worried people are about a significant drop.
Some people are afraid that Bitcoin is about to rise to 100,000, wondering if it's at its peak.
Some people are afraid that even if Bitcoin is not at the top, the pullback will definitely be significant.
So the more it rises, the more those who are watching can only be forced to continue watching, hoping for a drop while it keeps rising, always wishing for a decline.
Those who hold coins will also feel fear because of the rise, fearing that they will drop and return to square one, so they are anxious every day about whether to hold or continue to hold.
So those who boasted at the peak of the last bull market: 'Ah, I know for the next bull market, once it drops to a certain level, just buy anything, hold it, and casually earn tenfold, twentyfold, or even dozens of times.' Do these people still dare to say that now?
With the current market sentiment, it's unclear whether it will drop or rise next, and whether the bull market has peaked is also uncertain. How can one casually make money in such a situation?
This is the consequence of casually listening to others and believing in what others say. The person telling you this hasn't even gotten the results but is analyzing the future for you. Do you think it's reliable?
That's how people are; they habitually believe the majority voice. When everyone talks about the market dropping, they believe it. When a group says a certain coin is good, they buy it; when another group says a coin is bad, they think it's trash.
The financial market can fully reflect human weaknesses: greed, anger, ignorance, sloth, and doubt.
Entering the cryptocurrency world, you will find a strange phenomenon: if you work in a physical business, you need to learn skills that match the industry of the company before applying for a job.
To do business, you need to find someone who belongs to that business specialty to guide you. You spend money, send money, and try every means to get others to teach you, then you dare to open a shop.
However, entering the cryptocurrency world is different; everyone feels like they are the chosen ones, thinking they can make money just by being here. It feels like this industry owes you something. You casually join some groups, and you don't care if others understand or not, as long as someone dares to tell you, you dare to buy.
These people tell you to buy when they say it's rising, and sell when they say it's falling. You don't care if others have the ability; as long as someone says it, you dare to act.
You haven't systematically learned, you don't even understand the basics of reading the market, and you don't know what others are saying. You only know to act, and the result? You keep losing money, right?
When losing money, they only blame the bad market or the worthless coin they bought, but they never consider that if they were like a physical entity, they would learn the skills and improve their professionalism.
If you can read the market, you know which cryptocurrencies have value and how to filter valuable coins. Can't you just buy valuable coins at the bottom and sell them at the top? Isn't that how you can make money?
But the vast majority of people don't think so and continue down the wrong path until they run out of bullets and leave this industry in tears.
It's not that you haven't encountered professional institutions or the right people; it's that you've never considered it and always want to gamble or take shortcuts.
