As more and more capital enters the crypto, the pace of the entire market becomes faster and faster, and the original rules of the game have also changed. The opportunities that existed before may no longer be so easy to seize. If you can keep up with the pace, you can make money; if you can't, you may be eliminated.
Many people have two firm beliefs when they trade in crypto: when a bull market comes, the price of cryptocurrencies will soar; when a bear market comes, the price of cryptocurrencies will plummet.
1. Will the crypto bull market really surge?
Everyone says that when the bull market comes, you can make money by buying any coin. This is true, and it is true to some extent, especially in 2020. But now it is 2024, and if you still think that you can make ten or even dozens of times the return by buying any coin, it will be too difficult.
The US ETF has been approved, and with so many Bitcoins in the hands of governments around the world, the crypto is no longer a place where it can grow freely, but is now strictly regulated. Do you think the market where "all coins take off together" will still appear this year?
From 2023 to 2024, the crypto has entered a new stage. The market trend is completely irregular. Good news does not increase the price, and bad news does not decrease the price. The market is so unpredictable. It is better to buy Bitcoin directly from the beginning and earn a double profit steadily.
The crypto has already seen polarization. For those veterans, the bull market is no longer what it used to be. Many mainstream currencies are no longer strong, and new concept currencies have become the new favorites of the market. As long as you are bold and dare to enter the market, you will have the opportunity to make money; while those who still hold old coins can only ride the roller coaster of wealth again and again, watching the ups and downs of their assets.
For newbies, they prefer to chase hot spots, pay less attention to beliefs, and care more about prices. The cheaper the coin, the more they like it, such as the inscription section and meme section. The more zeros in front, the happier they are.
The past year and a half has proven the difference between old investors and new investors. Old investors stick to the old rules and only have faith, while new investors earn more through aggressive operations. This also shows that the value investment thinking of old investors has been completely defeated by the swing trading thinking of new investors, because the results are there.
However, the crypto is a rapidly changing market, and whether or not you make money today does not mean anything, because everyone is still at the table and no one has left.
2. Will there definitely be a crash in a bear market?
When it comes to a bear market, the first thing that comes to mind is that the price of the currency will return to zero. This makes sense, but it is not entirely correct.
Let's first look at the bear market in 2022. The overall market trend is that there were large fluctuations in the early stage. Some coins rebounded strongly, even close to the previous highs. Slightly weaker ones can also rebound by about 80%. But why do people still sell and then enter the market?
It was not until April to June 2022 that Bitcoin began to plummet and everyone realized the risks.
There is a strange phenomenon in this stage. After a big drop, there will always be some very strange coins, which will quickly pull up the market and rise sharply, attracting everyone's attention and giving people hope.
But overall, the supply and demand relationship in the market is still the same. After the big drop, everyone has gradually sobered up and is no longer willing to take over. Even if the price is very low at this time, they dare not make a move casually.
After all, after several years of speculation in the crypto, I still didn’t achieve financial freedom in the end. I was disappointed and naturally stopped paying attention to it.
Most people who speculate in cryptocurrencies are pragmatic. Because they have little capital and lack professional knowledge, after several years of tossing and turning, they gain nothing and most people will choose to quit. This is normal. There will always be many people who follow the trend and enter the market, but in the end they find it is not easy to make money and quietly leave.
Finally, let’s summarize:
You always think about turning around in a bull market and cashing out in a bear market. In fact, this is just a feeling, or an excuse.
In the financial market, all kinds of miracles are happening every day. Bull market and bear market are just concepts and do not represent everything.
For most people, the crypto is a big pit, or a global casino. Whether you make money or lose money today, it is just an experience.
Only by summarizing and generalizing this experience and turning it into a help to make money in the future can you avoid being confused, see the road ahead clearly, persist for 5 or 10 years, and finally get good results.
So everyone should calm down and look for the reasons in themselves. The external performance is all due to the inner thoughts. If the thoughts are right, the actions will be right, and if the actions are right, the results will naturally be good.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
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