Logically, when the market rises, there should be cheers and applause, but the actual situation is quite the opposite.
The reason is that many people missed this round of market trends, and some still hold onto altcoins that they bought at high prices, which have not yet made a profit and may even be in significant loss.
Why are so many people missing out? Because of 'inertia of thought'.
Since 2023, the main players have spent two and a half years cultivating the thinking of retail investors.
Bitcoin has been rising from 15,000 to 120,000 since 2023, while Ethereum has gone the opposite way, rising and then falling back, back and forth, especially with a major drop in April this year.
In this way, the main players have successfully made retail investors 'hate' Ethereum. Anyone who says Ethereum is good will be attacked by retail investors; I am one of the 'victims', and I feel so innocent.
It is precisely because of this that when Ethereum fell to 1400, the market was completely disappointed with Ethereum and no longer optimistic about it. Therefore, in this round of increases, as soon as Ethereum rises a bit, people sell and cannot hold.
When Bitcoin rose from 1400 to 1800, many people said a major drop was coming; when it rose from 1800 to 2800, even more people said a major drop was imminent. Yet, amidst everyone's doubts, it has now reached 4300.
I wonder if everyone has noticed the problem: many people make investment decisions based on the current market trends and the present situation to judge the quality of the market and the quality of certain coins.
Because Ethereum has gone up and then down in the past, because Ethereum has not outperformed Bitcoin in the past, and because Ethereum has not performed well in the past two years, Ethereum is not good and will not be good in the future.
This can be expressed by the idiom 'carving a boat to seek a sword'.
Investment is about the future of the investment itself, not the present. What everyone sees now, what I see, what you see, what he sees, is all the same.
What everyone knows and sees is definitely not real; this is the financial market.
The financial market is all about who can see what others cannot, filtering out what is currently visible, and through understanding of the industry, noticing clues in the market to foresee things that have not happened yet, thus seizing opportunities in advance.
What I mentioned above is that everyone focused on Bitcoin and the Bitcoin ecosystem, thus missing out on Ethereum and the Ethereum ecosystem, leading to a cold market; this is one aspect.
On the other hand, those who hold onto altcoins and see Ethereum breaking new highs start to doubt whether their altcoins are good since they have not yet returned to last year's highs, questioning whether the coins they purchased are indeed good.
Many people regret not buying Ethereum; if they had bought Ethereum during this round of increases, they would have gained more. Ethereum has risen to 4300, and if there is even a small pullback, the altcoins will drop significantly, wouldn't that be a huge loss? Should I sell now?
These are another issue that leads to poor market sentiment.
Let me first share my viewpoint: when Ethereum rises, valuable cryptocurrencies will certainly rise, but not all coins will rise.
This involves a very, very important and key issue.
Can you predict in advance which sectors and which cryptocurrencies will be the hotspots for future development? Which coins can be bought that are at the bottom, and which coins should not be bought because they are at a high position?
Actually, let me ask a painful question: before Ethereum did not rise this time, didn't many people say Ethereum was not good? So now, when they say altcoins are not good, is it really that altcoins are not good? Or is it that they did not understand the future direction?
Inertia of thought is very scary. If one did not have the ability to judge the market previously, and because of past inertia of thought failed to foresee Ethereum's market condition, then more opportunities ahead will also be missed because of inertia of thought.
Investment needs to solve two problems: 1. Technical analysis of the market. 2. Choosing the right cryptocurrencies.
What will the future be like? Will we see a major drop or a major rise next? We need to understand the market. If you are stuck on this issue now, you won't even consider the second question: what to buy.
So when you read my article and feel that what I said makes sense, thinking that we are currently in a bull market and that prices will continue to rise, you need to choose the right cryptocurrencies. Bitcoin has risen to 120,000, and Ethereum to 4300, and you have already missed the best positioning opportunity.
What should you buy next that can minimize risk while maximizing returns? Which coins are likely to rise next, and what should you buy to avoid missing this market trend? This requires a clear understanding of the industry's development and the ability to foresee future directions.
If these problems are not solved and the thinking generated by these problems is not changed, one will always feel that rising assets are impressive and chase after them, while thinking that those that have not risen are trash, and will never achieve good returns and results.
If the next valuable cryptocurrencies explode and you did not position yourself in advance, you can only be a spectator.
