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Recently, many friends have asked me whether the bull market is still going on. I am almost losing my mind.

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Recently many friends have asked me whether the bull market is still going on. I am almost losing my mind.

Why is there a bull market in the crypto? How can we distinguish between bears and bulls? If we don’t think this question through and have no firm convictions, then our mentality will easily collapse under the current ups and downs.

All the valuable coins in the crypto, whether mainstream BTC like Bitcoin or copycat coins like Bitcoin and Sol, can hardly be said to have fundamentals. Even if they do, they are mostly far-fetched. So what can mainstream coins without fundamentals rely on?

Is it the belief in meme, the consensus of decentralization, or the ambition of digital gold?

The most fundamental factor is of course liquidity, liquidity of capital, injected funds, fans in the community, and large institutions that have entered the market.

Liquidity is the root of everything.

The biggest source of liquidity now is capital from the United States and Europe, so the Federal Reserve’s expectation management has such a big impact on the crypto.

The Federal Reserve's expectation management is for the entire U.S. economy, not for the crypto. It will affect the crypto, but it will not emphasize or conceal liquidity for the crypto.

What we need to do is to identify whether the liquidity is still there and whether it will be tightened or relaxed.

So is this liquidity still there?

In the first half of the year, the Federal Reserve has essentially been slowly ending QT. From March to May, Yellen has also been issuing bonds. In the second half of the year, Mr. Bao’s various hawkish remarks cannot change one basic fact: without easing liquidity, the soft landing there will be nothing but talk on paper and a castle in the air.

If you understand this principle, you will know that liquidity is bound to exist and easing is bound to happen. This time is most likely in September, and it will not be so hawkish until the end of the year.

In that case, what are you afraid of?

Hold the mainstream value coins, no matter what price you buy in, I can guarantee you that it will break new highs. This is the basic power of the bull market.

As for your question about how to hype, that is not the question answered in this article.

What I can tell you is that there will definitely be a market in the second half of the year. Hold on to your mainstream currency. When others are pushing up, you are not on the train and you chase the highs.

At that time, you were cut by 30% by a callback

I won’t take the blame for this.

Failure caused by insufficient cognition comes from information gaps, which is essentially due to disconnection between circles.

It is important to embrace a professional circle, which will help you take off and turn around quickly.

You can consult the village chief if you have any questions. WeChat: zknu758

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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