The bull market has already started, but it is destined to have nothing to do with most people
Many people naively believe that when the bull market comes, they can make money and get rich. This is the fantasy of new investors who have never experienced a cycle.
I saw an article before that said it would take at least 3 cycles for an average person to make money by themselves.
In the first cycle, you read all kinds of myths about getting rich quickly and enter the market with confidence. Those with a high risk tolerance even borrow money. But in the end, you basically cannot keep your wealth and are taken away by various routines and traps.
In the second cycle, you have learned the lessons of the previous cycle, learned the basic operations, understood the K-line, volume and price, understood the basic cycle rules, and learned to divide the warehouse.
The bull market is here, and you watch the price of the currency soar along with the market sentiment, and you are extremely excited. Your position begins to double, and you have tasted the sweetness of making money. You think it will continue because the market sentiment is still optimistic. But the bear market comes unexpectedly, and you haven't learned how to sell yet, so you are likely to go on a roller coaster ride with the market.
By the third cycle, you may learn to make money in this market.
These three cycles are difficult to violate unless you can follow experienced people, but this is difficult.
Recently, many newbies have come to me, and the first question most of them ask is, Brother Huang, how much money can you make in the cryptocurrency circle? Really, when I heard this, I was a little speechless. In the cryptocurrency circle, there are indeed many people who have made a lot of money and achieved class crossing, but will that be you as a newbie?
In fact, as a newcomer to the cryptocurrency circle, the first thing you should think about is the risk, not how much money you can make. Instead, you should think about how much money you have invested in this project. What will you do if you lose the money? Will it affect your life? How big will the impact be?
For novices, the first thing to do when entering the circle is to master the most basic knowledge in the circle, such as exchange registration, recharge, withdrawal and transfer, how to add a network to the Little Fox wallet, how to find the contract address of the token, and how to add tokens to the wallet through the contract address.
For example, newcomers to the Bitcoin ecosystem must first master the installation, recharge, withdrawal and transfer of Unisat, Xverse and OKX wallets, how to switch the address types of these wallets, how to switch between the main network and the test network, how to issue new inscriptions through platforms such as ID and GeniiData, how to buy and sell BRC20 tokens in markets such as Unisat, how to find NFT collections in the Me trading market and how to buy and sell NFTs, etc.
As a novice, all of these need to be put into practice. When there is a project, you can start with a small amount of trial and error, to practice, and participate with an attitude of learning from scratch, and slowly accumulate experience, instead of thinking about how much money you can make right from the start. If a newcomer does not improve his execution and learn, even if he happens to make some money now, sooner or later he will lose it back due to a weak foundation or other reasons.
There are many opportunities in this circle. The secondary market has not been good recently, but conversely, when the overall Bitcoin ecosystem is good, the secondary market must be weak. The secondary market is weak, and the primary market is strong.
Of course, if you say you don’t understand and don’t want to touch it at all, then don’t touch it. Take a good rest during this period. This is a rare adjustment period in the bull market, so take a good rest for a while!
