Bull market and Altcoin: thinking beyond traditional cognition
In the crypto, the bull-bear cycle is indisputable. However, the rhythm and specific performance of each bull market are very different. In previous bull markets, Bitcoin often peaked first, and then Altcoin began to explode. But this time, will the situation really develop as in the past?
Many people now believe that Bitcoin will rise sharply in the future, while Altcoin will continue to be quiet and in a bear market. Another part of the view is that from now on, high-quality Altcoin with potential and value will explode first, while Bitcoin's increase will be relatively limited. The collision of these views makes people think, should we plan this bull market in the same way as the last bull market? Or, will we miss future opportunities because of over-reliance on past experience?
Has the BTC bull run quietly begun?
Is it possible that the big Bitcoin market has actually started quietly? Since BTC bottomed out and rebounded to 52,000 seven days ago, everyone may still think that this is just an ordinary rebound. Little do people know that this may be the beginning of a bull market. The crypto often predicts that the bull market will break out in a certain period of time (such as October), but Bitcoin often does not let you follow the routine, it always catches you off guard.
It is impossible for everyone in the crypto to make money, and this is its charm. Market liquidity is expected to gradually recover in the fourth quarter, and the rhythm of this round of bull market seems to be more persistent. The wide fluctuations in the past six months have caused the Altcoin to fall all the way, and spot players are at a loss. Contract players have also suffered heavy losses in the frequent "Heaven and Earth Needle" market. In this extreme market, it is particularly important to keep calm and think.
Bullish expectations for Altcoin
In fact, from a longer-term perspective, regardless of the definition of bull and bear markets, the crypto market will see a multi-fold rally once or more every year. Going back to 2017, there are opportunities every year, it just depends on whether you can seize them. In the so-called bear market, the rally often ends in just one month; in the bull market, the real big rally generally lasts about 3 months.
There are three conditions to trigger a market: a deep enough drop, low sentiment, and a long enough consolidation. Based on previous experience, such a stage takes about 5 months. Perhaps, this time we should expect a "copycat bull market" rather than a "copycat bull market".
Bitcoin halving and bull market trend
Bitcoin will be halved in 2024. Many investors have suffered huge losses in the bear market last year, especially leveraged players. Many of them have fallen forever in the upcoming bull market. We used to be eager for market fluctuations, hoping to get rich overnight and enjoy a star-studded life. However, in the end, we realized that real wealth has nothing to do with the market trend, but depends on whether we choose the right trend and stand in the right position.
Keep a steady mind and embrace the future
The bull-bear transition of the market is like the changing of seasons in nature, with its own rules and rhythms. The bull market may be on its way, so there is no need to be impatient. As long as you keep a normal mind and move forward steadily, everything will naturally unfold in the best way. In this storm, calmness and wisdom are the best weapons to survive the bull and bear markets.
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.
If you want to know more about the secret of wealth or have any questions, please follow the official account: Crypto Conan
