This wave of market can be simply described as "lots of money, foolish people, come quickly".
Once everyone sees a rise, they FOMO (fear of missing out) and rush in desperately. So you will see that no matter what project it is, the opening market value is shockingly high.
But this is not random, it is the normal operation of a bull market: there is too much money in the market and too few good projects, so everyone can only scramble, and as soon as they scramble, the price goes up.
So why did it drop again?
This is called "the self-cultivation of a bull market"—it can't just keep rising foolishly. After a period of rise, take a break and wash out those who are not firm, then the market can be healthier. So don't be surprised; the pullback is for going higher later.
Looking back at history, every bull market behaves like this: quiet when rising, but everyone shouts "dead" when it drops.
Even CZ (the boss of Binance) said that we are only in the mid-stage of the bull market, the craziest time has not yet arrived!
Besides, you see, gold keeps hitting new highs, indicating that globally there is still a "money shortage", and the Federal Reserve has not really started to flood the market. Once the tap is fully opened, that scene...
So, in this up-and-down "boring" market, what is the best strategy?
Don't fidget randomly! Be honest:
· Participate in airdrops
· Join initial offerings
· Engage in simple and stable value increases
Making some steady money is much better than being a vegetable in the secondary market.
Like my own real account, I haven't operated for half a month. Remember our ultimate goal in this market: to make money and then exchange it for more Bitcoin, Ethereum, and BNB.
Especially BNB, just lying in the Binance ecosystem can make money; it is simply a lying flat artifact.
In summary: In a bull market, don't be busy for no reason, hold onto core assets, use idle money for some side business, and wait for the craziness to come.
