Can people in the crypto world sleep at midnight?
If you stay up until one or two o'clock, and finally fall asleep, you wake up again at four or five o'clock, grab your phone to take a look, and can't fall asleep again.
During a bull market, every group is buzzing, profit screenshots are everywhere, 100,000 turns into 1,000,000, 1,000,000 turns into 10,000,000, and indeed, there are quite a few. During this time, prices rise, purchases happen, and it's a frenzy.
If you have a position, then basically you wake up from a good sleep to find your assets have increased significantly. You will think this is going to make you rich, I have to do something.
So you call your friends, telling everyone you are about to get rich, bringing them along to play. You started with 500,000, have already made 1,000,000, and in a few days it becomes 2,000,000, you will think about wanting 5,000,000.
You originally thought you would stop once you made 5,000,000, but unexpectedly it reached 10,000,000, and finally 10,000,000 started to turn into 9,000,000. You think it’s just a correction, but the market never recovers from then on. You buy this and that, hoping to make another wave to 10,000,000, but now there are no opportunities. The market drops sharply, falling to 5,000,000 in one day, and you no longer care about this.
Might as well not look at it, 5,000,000 becomes 2,000,000, all your fantasies are shattered, your heart aches like a knife, unable to sleep at night, pounding your chest in extreme discomfort, and finally, 5,000,000 becomes 500,000. You never knew it had fallen 80%, and it could fall 90%. You experienced sudden wealth for the first time, and also went through a bull market; that is what a bull market is. Before it arrives, everyone doubts whether it will come, but once it comes, you never doubt it will end.