Bitcoin has risen from $15,000 to $73,000, and has recently pulled back from its high to its current level.

The market performance during this period can be regarded as a period of consolidation. So what will happen after the consolidation? The possibility of a decline is very small. According to the wave theory, there may be a wave of $50,000 next. This means that in the next six months, Bitcoin may soar directly to around $110,000 in a wave of market conditions. I hope everyone can look at the long-term and not be bothered by short-term ups and downs.

After being trapped, some investors are unbalanced in their mentality and operate frantically, trying to recover their losses by being "smart". But whether you are a novice investor or a "big boss" in the currency circle, such crazy operations will eventually lead to a dead end. Even Buffett dare not operate like this, because there is no hope of survival on this road. Everyone must recognize their position and avoid thinking of themselves as "Buffett". After all, even Buffett dare not take such risks.

Recently, some people have spread rumors that the era of long-term investment is over and that now only short-term arbitrage can make profits. This is complete nonsense, and everyone must not believe it. Long-term investing remains an effective strategy. The key is to be patient and not be fooled by short-term fluctuations.