Do you fully understand the nature of creating seasons in the crypto market? The key point lies in the trading pairs. In this thread, I will explain the seasons in a bullrun cycle.
To understand how seasons work, you need to change your perspective on btc and alt. If you consider BTC like real-life currency, all altcoins are commodities created for business.
The ultimate goal is to sell goods and earn money, or in other words, sell altcoins to earn BTC. This process is divided into 3 main seasons:
Season 1: Attracting cash flow
Season 2: Collecting goods
Season 3: Discharge goods and collect money
» Season 1: Attracting cash flow.
BTC is the King of the crypto market, the thing with the best brand recognition in society.
If you go out there and say that GMX is just
But saying Bitcoin X100 times is different, the listener will immediately understand what the problem is xx. Obviously I've heard about it for a long time, have I missed my chance? And so, many confused thoughts kept pouring into their hearts 🎼 ... motivating them to learn more.
Therefore, in any bullish cycle, BTC needs to be the first bird to fly first. Combine many news from this and that to pull users into the market to start a business season.
The second reason is in the trading pair: currency / commodity. Is it true that the more valuable money is, the more goods you can buy? Therefore, the wisest way is to increase the value of currency to collect more goods in the second season.
» Season 2: Collecting goods.
After pushing up the value of currency, merchants began using expensive coins to buy cheap goods.
» Season 3: Sell goods and collect money.
Once the goods are filled in the warehouse, the pump will operate, goodnews will be released to advertise the goods to the sky.
Please note, while BTC is swishing or decreasing but ALT is increasing, the amplitude of the ALT/BTC pair will be stretched much more than that of USD.
The final step is to release goods to collect money when the traders realize that the market is mature enough. Goods will be transferred to the next generation, while traders collect money to prepare for the next crop.
You see, traders do everything just to take away your BTC. For them, BTC is truly currency, something that needs to be collected and stored.
Stablecoins are also just a conduit for easy exchange of goods that do not have alt/btc trading pairs. The most stable stablecoin can still collapse but BTC cannot. When BTC collapses, the monetary system collapses and the entire economy also goes away.
ETH is an exception to the crypto market. If BTC is King then ETH is Queen. It's like a competing currency with BTC that bookmakers need to store, so we have a small season of ETH after BTC. And a new season is NFT which is also closely related to ETH.
During a bull cycle, the bookies can repeat this process many times until the market is fully stretched and then explodes, entering a new bear cycle.
