The 'Deadly Trap' of the Crypto Bull Market: Whether Mainstream or Altcoin, I Hope You Don't Step into a Pit

A harsh truth circulates in the crypto world: more people lose money in a bull market than in a bear market. The reason lies in the high market sentiment and the restless atmosphere that sweeps everyone up, creating an anxiety of 'If I don't go all in now, it will be too late'. This leads to a series of blind operations, falling into the bottomless pit of losses.

1: The first pitfall is frequent switching of positions.

In a bull market, the rise and fall of different cryptocurrencies vary greatly. Many people see other coins skyrocketing and immediately can't help but switch their positions to follow. But as soon as they switch, they encounter a 30% drop; and then, the coin they just sold skyrockets by 300%, causing confusion and leading them to switch back, resulting in another significant loss. After several rounds of this, the bull market is gone, the coins are gone, and the principal has also been wasted. It's important to know that trying to precisely time the rise of all coins is purely wishful thinking; the right approach is to hold onto your coins and patiently wait for them to rise.

2: Being fond of short-term trading is also a big pit.

Most people harbor dreams of 'selling high and buying low', but reality often slaps them in the face. In a rush to sell for a measly 30% profit, they end up missing out on 3x or 5x explosive gains. Even more frustrating is that after selling, the coin price soars, and unwilling investors buy back at high prices, putting themselves in a precarious position that is not worth the loss.

3: The most dangerous is casually opening leveraged contracts.

No matter how poor the project's fundamentals are, don't short easily. The forces behind the crypto market can be unpredictable; 'junk' projects can come back to life through mysterious forces, increasing dozens of times; quality projects can also plummet 99% without warning, and the 'heaven and earth needle' that occasionally appears on exchanges can instantly wipe out leveraged players. Therefore, dealing with leveraged contracts is a murky water; it's best to avoid it and protect your principal, as that may lead to a real harvest later.

4: Holding onto spot is better than anything else; those who can endure are the true winners. The Musk concept has already quintupled in a week, have you held on to it??

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