This scene seems to take me back to the tumultuous times of March 2020, when the US stock market experienced daily dramatic plunges and circuit breakers, and the cryptocurrency market also fell into chaos, with everyone feeling insecure, and discussions about the bottom became fraught with anxiety, while the idea of bottom-fishing almost disappeared. I too could not escape the norm; I neither dared to make a bold cut nor to rashly bottom-fish, and my heart was filled with worries about the apocalypse of the cryptocurrency market.
However, the rapid reversal of the plot later was astonishing: starting in September 2020, the market gradually warmed up, and by May 2021, it soared to new heights. Learning from this, the second half of this year may usher in a turning point, and by 2026, we may once again witness a new historical peak. #美国加征关税
The current situation is strikingly similar to those years, and I am already eager to act, ready to invest in Ethereum again. Bitcoin has only fallen 30% from its peak, which is not enough to be called a true bear market, but many other cryptocurrencies have already sunk deep into the bear market, with Ethereum and others plummeting over 70% from their highs. However, after experiencing the last bull market, I know well the way of holding coins: the more Bitcoin, the better.
But new difficulties have emerged: if the market makers see the public's desire to hoard coins, they might deliberately neglect Bitcoin, instead hyping up altcoins, enticing retail investors to sell their Bitcoin at a loss, and then pump the price after retail investors are out. Who can bear such a strategy? Nowadays, the path to making money increasingly tests the resilience of one's mindset.
Words from the heart: Do not be fooled by short-term fluctuations; the operations of this year may all be in vain. Bottom-fishing now is indeed a rare opportunity, as coin prices have fallen to rock bottom, making it the right time to position. In the next decade, the trend of currency devaluation is unstoppable; what costs a hundred yuan today may require two hundred yuan to purchase in ten years. Digital currencies like Bitcoin are like the goose that lays the golden eggs; there is no need to overly focus on momentary ups and downs—when Bitcoin reaches ten million and Ethereum two hundred thousand, what will today's fluctuations amount to?
The cycle repeats itself, just like the changing of the seasons; though occasionally late, it has never been absent. Back in 2020, I too doubted whether 'this time is different', only to be harshly confronted by reality. The cycles of the cryptocurrency market may deviate by at most half a year to a year; only by enduring loneliness can one taste the fruits of victory. Let us encourage each other!
Follow Uncle Jin: The trend is ahead, the layout comes later!!!
