The market this season:
- When the crowd is still hitting CEX while pushing DEX, CEX shares sml => First chase
- When the crowd realizes that CEX is a scam, DEX is the new promising land, then DEX dumps sml, almost going to zero => Second chase.
- There is still a part of U waiting to catch the bottom but is scared by BTC dropping to 5x 6x, 75k is afraid to buy. To shake off this part of U, a series of new coins are offered making the crowd itchy to hit buy, and finally dumping the new coins while pushing the old coins that no one holds => Third chase but this time it's much lighter than the first two, however, missing the upward wave.
The market is ever-changing, the meta changes rapidly, requiring players to be extremely quick and always alert! I have been fortunate to see the game clearly throughout this period but sometimes still fall into traps (specifically NIL😅). Ultimately, it's hard to always win against the market, what we should strive for is: to increase the win rate, optimize profits each time we win, and minimize losses each time we lose.