I feel this situation is very similar to March 2020, when the U.S. stock market experienced multiple circuit breakers, and the cryptocurrency market also fell apart, to the point where no one dared to buy the dip, and no one knew where the bottom was. I was scared back then too. I didn’t cut my losses or buy the dip; my willpower wasn’t strong enough at the time, and I didn’t even have the courage to buy the dip, feeling that the cryptocurrency market was going to collapse.
However, by the end of 2020, starting from September, it gradually stabilized, leading to the first peak in May 2021. If we make a comparison, this year's months will gradually emerge from the gloom, reaching a peak in 2026.
From the current market situation, Bitcoin hasn’t entered a bear market because it has dropped about 30% from its peak, but other cryptocurrencies are essentially in a bear market, with the vast majority down 70% from their highest points, including Ethereum. In the next cycle, remember to allocate more to Bitcoin no matter what. But another concern has arisen: the main players might see that everyone is allocating Bitcoin in the next bull market, and unexpectedly pull up altcoins instead, making Bitcoin perform poorly and causing everyone to cut losses on Bitcoin. After everyone has sold off, they might then push Bitcoin up. This situation is really hard to predict. In short, it’s becoming increasingly difficult to make money.
The future trend is excessive monetary issuance, where purchasing power halves every 10 years, and society must develop; inflation is unavoidable. Stocks, gold, and cryptocurrencies are considered value investment assets, and focusing solely on short-term gains and losses is not wise.
Investing requires a long-term perspective. When Bitcoin reaches 1 million each, with daily fluctuations of 10,000, you’ll realize how trivial it is now. Don’t doubt the cycle; it’s only a matter of time. I also doubted in 2020 whether the cycle would be so punctual, but the fact proves that the cycle always exists. For the cryptocurrency market, it’s just a difference of half a year to a year; fearing that you won’t make big money, the only way is to focus on yourself, transcend the mundane, operate in reverse, and dare to grasp and believe in the power of cycles and time. Look long-term and far ahead, understand the essence of things, and don’t be swayed by short-term market trends to stand out and excel.