If the altcoin season in the crypto world is coming, can you really make money?
2024 is almost over, and for most people, it may be more losses than gains, especially from March to October, which has been quite tough. Of course, it is still tough now, as the market has experienced a significant pullback, especially in altcoins, and retail investors often suffer the most during each downturn.
The altcoin season will definitely arrive in 2025, and many people believe that this bull market is different from previous ones. In fact, overall, it is quite similar, with not much change; the cycle may just be advanced or delayed by a period of time, which does not significantly affect the rhythm of the entire bull market.
So if the altcoin season arrives, can you make money in the crypto world?
Of course you can. As long as you don't mess around with contracts or operate against the trend, most people can make some money with decent profits. Because when the market is good, chasing up and selling down can be quite easy to profit from, and you might earn several years' worth of salary in a short time. This is also why the crypto world is attractive, because seizing the opportunity can lead to a turnaround.
But there is a cruel reality.
Most retail investors actually cannot hold onto the money they make!
On one hand, at the peak of the bull market, various positive news is everywhere, influencers are shouting high prices, and retail investors can easily get lost, with some even selling their houses or borrowing to leverage. Once the market crashes, they may find it impossible to recover. To make money in the crypto world, one needs to improve their understanding.
On the other hand, after the bull market, a bear market usually lasts more than a year.
Many people can't resist the urge to trade during this time, and as a result, the money made in the bull market is lost in the bear market, with some even losing their principal. Bear market liquidations can be quite harsh, and many newcomers and influencers suffer significant losses, leading many to exit the market.
Overall, to make money and keep it in the crypto world, one must have strong awareness. Making money in a bull market often relies on luck, not skill. Recently, someone told me that the influencer who helped them make money then ran away.
There are many such people, so not only must one guard against market manipulators, but also against unreliable influencers. Retail investors really have a tough time.