Many people always think they can precisely grasp the market rhythm—selling at the peak of a bull market and buying at the bottom of a bear market. But the truth is, these so-called 'timings' don't exist, unless you travel through time to look at the price charts.

Why is it said that bull markets and bear markets are only defined after the fact?

When Bitcoin rises from $10,000 to $100,000, everyone will say 'this is a bull market.' But what if it continues to rise to $150,000 or $200,000? When it drops back to $50,000 or $60,000, which do you think is the real starting point of a bear market? The market never gives you clear signals; the so-called 'bull market/bear market' are just labels drawn after the fact.

There are only two actions that can truly be controlled in the crypto space

1. Buy (when to buy, how much to buy)

2. Sell (when to sell, how much to sell)

Everything else—policy changes, market sentiment, manipulative trading—are beyond your control. If you think you can predict trends, that's just luck colliding with reality.

Soaring relies on 'staying in the car all the time,' while crashing relies on 'cutting losses slowly'

- Rapid rise phase: Bitcoin appears to crazily jump from $15,000 to $100,000, but the real surge only lasts a few days. The rest of the time, what you see is just volatility. It's like taking a bus; if you get off midway, you'll never catch the speeding wave.

- Slow decline phase: The process of altcoins dropping from $80,000 to $20,000 is even scarier. You think hitting $50,000 is the bottom, but it rebounds to $70,000 and then continues to drop; by the time it really falls to $10,000, you have long been tortured into a 'numb faction'—after all, no one can endure a 90% drop in altcoins.

The real script of altcoin crashes

Assuming you bought $1 million worth of altcoins, and after rising to $3 million, it starts to drop:

- Dropping to $2.7 million: thinking about waiting to break even, not selling

- Dropping to $2.5 million: telling yourself to wait for another rebound

- Dropping to $2 million: completely giving up hope

- Rising again to $1.5 million: thinking 'let it be this way'

- Finally dropping to $500,000: too lazy to pretend anymore

The whole process resembles boiling a frog in warm water. Crashes never happen overnight; they numb you through 'rise-fall-rise-fall.'

The fundamental reason newcomers lose money

1. Dull perception of downtrend: Those who haven't undergone deliberate training can't perceive the risk of slowly declining prices.

2. Emotionally hijacked trading: Reluctant to sell when in profit, holding onto fantasies of recouping losses, this 'selling coins is like selling sons' mentality will only trap you deeper.

How are true veterans forged?

- The first time cutting losses: heartbroken but clear-headed

- The second time cutting losses: numb but rational

- The third time cutting losses: calmly accepting reality

- The fourth time cutting losses: even feeling that 'timely loss-cutting is truly fragrant'

When you no longer fantasize about a certain altcoin making a 'comeback,' and instead treat every profit as 'timely harvesting,' you have already outperformed 90% of retail investors.

The essence of the market is a game of human nature

- Do you want to get rich quickly? The market will give you a few days of crazy surges

- Do you crave slow declines and gradual increases? The market will make you doubt life through repeated fluctuations

In the end, those who see through human nature are the ones that remain:

- Stay calm in the face of soaring prices

- Immediately exit in the face of a crash

- Never pick up the pieces when the bubble bursts

And you, are you ready to become the one who sees through the bubble?