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The most disastrous bull market in history, the ideological and consensus changes in this round are enormous.

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This year is the worst in crypto history

In the first half of this year, most people lost money, and only a few made money. Moreover, many of those who lost money were old investors in the crypto, and there are quite a lot of people with resources and capital. This is the most hateful bull market. Many people are impossible to get out of the trap.

Fear brought by collective consensus: According to previous thinking, there will be a big bull market two or three months before and after the halving of BTC, but BTC almost finished rising last year. The same is true for altcoins. When collective consensus believes that the market is coming, it is just the end. Everyone missed the BTC collectively and joined the altcoins. The result is that you will never rise again after you get on board.

The world of copycats has changed dramatically: many copycats will return to zero. Unlike the previous rounds of bull markets, today's consensus logic, judgment criteria, and investment logic have all changed. Copycats are not included in the list. The changes of the times have eliminated too many slow-reacting people. It is a pity that the updates and iterations of this circle are far beyond the general level. The copycat consensus has collapsed, and the inside story of the copycat has been revealed, and no one will pay for it. This consensus effect has begun to occur rapidly, and many people will be buried.

The collapse of VC consensus: people no longer have high respect and faith in VCs.

The trust in what they say, do, and think highly of has been greatly reduced.

The difficulty of starting a business for project parties has increased again: project parties need to understand future trends, community needs, market and marketing, and community. It is becoming increasingly difficult.

Therefore, successful projects are getting smaller and smaller, and retail investors’ trust in project owners is also decreasing, forming a vicious circle.

Cryptocurrency dividends fade: The tension of the crypto dividends fading, everyone is trying to quickly gain financial freedom here, and they are very impatient. Most people are worried about where they will go in this circle after this round of bull market in the crypto circle.

This round of ideology and consensus has changed a lot. We need to keep up with the times and have a new understanding of the crypto world. Don't be anxious, don't be discouraged, don't be happy too early, and don't be too fussy.

This round will return the years of accumulation of many people who did not leave the table. Things you could not imagine will happen in this round. After so many years of happiness, it is not excessive to make you sad just once, right?

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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