Personal views on the future market
I believe there will definitely be copycat coins, and they will be super copycat coins.
The crypto circle is composed of Bitcoin + altcoins.
If the bull market is only for Bitcoin and a few altcoins, it will undoubtedly be a devastating blow to the development and future of the crypto industry! If the bull market ends here, then in the near future, the crypto circle will cease to exist. If only Bitcoin remains, its impact on global finance will be limited, and the crypto circle will no longer have the wealth effect, which would ultimately drive Bitcoin to zero! If in the future institutions and all retail investors only recognize Bitcoin, and no one buys any other coins, and project teams issue coins that go to zero, with no institutional investment, then undoubtedly all altcoins will go to zero, including the likes of Ethereum, leaving only Bitcoin.
Do you think this is possible?!
I think it's impossible!
During the current bull market, although Bitcoin has been the standout performer, constantly draining altcoins and pushing Bitcoin to new highs, Ethereum has been unable to break through and has only retraced, while altcoins have continuously hit new lows! After such a long wait, the vast majority of retail investors and large altcoin holders have begun to lose patience. Then this sudden and powerful market correction struck, marking the strongest washout in history, causing countless people to be liquidated and lose everything, setting historical records! Many people began to exit the market, and some even contemplated life and death!
Now, retail investors who have not yet exited the market are trembling in fear, extremely anxious, not knowing where the future is heading, whether the bull market has ended or the bear market has arrived. Are you asking yourself this question every day?
Having said so much, in my opinion
This is just an adjustment of the bull market, the bull is far from over
The copycat coins have not even arrived, how could the bull market end?
Flowers paired with beauties, no matter how beautiful the beauties are, they still need flowers for embellishment!
If there are no copycat coins, the crypto circle will cease to exist, institutions will not be able to raise funds, exchanges will no longer have billions in transaction fees every year, the market manipulators will no longer find people to manipulate, old investors will exit, and new investors will no longer flood in. Such a large opportunity for profit can create huge wealth effects and tools to harvest global users. Do you think it will just fall?
The answer is no!
Believe in yourself!
The bull market is still ongoing. Once the consolidation is complete, it will soar to new heights, still a super bull market,
Those who get off the bus will never be able to get back on, regretting waiting four years for the next cycle,
Now is your chance to change your life's destiny!