2024 is almost over, and for most people, it may be more losses than gains, especially from March to October, which has been quite torturous. Of course, it is still quite torturous now, as the market has experienced a significant pullback, particularly in altcoins, where retail investors suffer the most severe losses each time.
The altcoin season will definitely arrive in 2025. Many people believe that this bull market is different from previous ones, but overall, they are quite similar, with not much change. The cycles may just be advanced or delayed, having little impact on the rhythm of the entire bull market.
If you understand some trend indicators and look at historical market data, you can roughly grasp the trend. For oscillation indicators, you need to look at larger cycles, such as weekly or monthly charts.
So if the altcoin season arrives, can you make money in the crypto world?
Of course, it’s possible. As long as you don’t mess around with contracts or go against the trend, most people can make some profit, and the returns are decent. When the market is good, chasing highs and cutting losses can be quite easy to make money, potentially earning years' worth of salary in a short time. This is also why the crypto world is attractive, as seizing opportunities can lead to a turnaround.
But there is a cruel reality
Most retail investors actually have no way to keep the money they earn!
On one hand, at the peak of a bull market, all kinds of positive news are flying around, and bloggers are calling for high prices, making it easy for retail investors to get lost, with some even selling their houses or borrowing to leverage. Once the market crashes, it may be too late for a turnaround. To make money in the crypto world, one must improve their understanding.
On the other hand, after a bull market comes a bear market, which usually lasts more than a year. Many people can't resist trading at this time, resulting in all the profits made during the bull market being lost in the bear market, with some even losing their principal. The washout in a bear market can be really harsh, and many newbies and bloggers will suffer significant losses, leading many to exit during this time.
Overall, to make money and hold onto it in the crypto world, one must have a strong understanding. In a bull market, making money often relies on luck rather than skill. Some time ago, someone told me that the blogger who helped them make money just ran away after that. There are many such people, so not only do you need to guard against market makers, but also against unreliable bloggers. It's really not easy for retail investors.
Lastly, I hope everyone can make money during the altcoin season. Opportunities are always reserved for those who are prepared, so be patient and wait.