Today is December 23, and Bitcoin has not yet found its bottom.
Boring market, boring wasted time!
Bitcoin BTC, waiting for a panic big red candle to buy the dip...
Friends with positions still have to endure; the fast bull has turned into a slow bull, but as long as the bull is still there, reaching the finish line is still something to look forward to.
The market will likely improve as early as January; it always shifts from one extreme to another.
When the sentiment is good, a few days can see several times the increase; similarly, when the sentiment turns bad, the decline can also be bottomless.
This circle is attractive precisely because of the big fluctuations.
If it’s really like the big A, where the dead pig isn't afraid of boiling water, I guess many people will leave.
It's really hard to make money in this round of altcoin trading, and I've been thinking about why this market is so tough lately!
It seems that past experiences are completely useless in this round; it's really hard to make big money this time.
I realized at noon today that the market has truly changed; it is no longer the market we are familiar with.
The application of artificial intelligence in the crypto space is truly a dimensionality reduction attack. Thousands of altcoins flood the market every day; 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 real moat, even including Ethereum's previous smart contracts, whose safety and other moats are being challenged by SOL.
Only Bitcoin has scarcity; all other altcoins do not, which is the root cause of this bull market being solely about Bitcoin.
From a market perspective, there are more and more copycats, all coming to siphon off liquidity.
It's increasingly difficult for the secondary market to achieve tenfold or even hundredfold returns like before. Looking back at the experience of Nasdaq over the past 50 years, there have been thousands of companies that issued stocks and went public, but only a few have truly lasted and thrived.
Therefore, we cannot be too obsessed with the growth of altcoins in defining this bull market. The market has truly changed!
At least we can't have overly high expectations; otherwise, most altcoins may not see much increase in the end of the bull market.
Timely adjustments to strategies are necessary to adapt to the market.
Otherwise, sooner or later, it will be ruthlessly eliminated by the market...