As an old hand who entered the market in 2016 and has experienced multiple bull and bear markets, let me share my views:
Every round of bull and bear markets creates wealth for some people; this is a characteristic of this circle. Strong cycles and high volatility mean that every halving event will be hyped by traders. As long as you don't play contracts or scams, you're already making money. I've never seen anyone who made a lot of money and was able to exit completely. I know three post-00s who made over ten million in profit in the last round of the market. If they relied on other means of working or doing business, it would be very difficult to accumulate wealth in a short time. If the cryptocurrency market did not have a wealth creation effect, it would be impossible for so many retail investors to enter. Not to mention whether they can make money, it has given many ordinary people hope.
Under normal circumstances, a post-00s individual who has just graduated from university and entered society has no connections, no funds, basically belongs to the category of 'three noes' (no connections, no money, no experience). It's extremely difficult to earn millions by just working or doing business. However, I am definitely not advocating entering this market. On the contrary, this market is very chaotic, with many people losing money. If you make money, someone else must be losing money.
In the financial market, making money still relies on buying low and selling high. Speaking of buying low and selling high, we should discuss the last round's bottom. The bottom of the last bear market was at 312, with Bitcoin priced at 3800 and Ethereum at 88. The peak of the bull market was at 69000, with Ethereum at 4800. If math is not your strong suit, please calculate how many times Ethereum has multiplied, which is 60 times.
At present, if the US stock market keeps falling, the big brother and second brother will find it hard to stand alone. If the US stock market is doing well, this year's so-called bottom might be 17800 and 880. As for what the market will be like in the future, it mainly depends on the actions of the Americans. Who knows? It's all about taking one step at a time.
For retail investors like us, there is no absolute bottom, only relative bottom zones. Pursuing an absolute bottom may lead to missed opportunities. As long as the declines of the big brother and second brother are over 70%, a dollar-cost averaging strategy can be adopted to start investing every month. Regardless of the future fluctuations of Bitcoin, the cost of the dollar-cost averaging position will always remain at a reasonable value. Don't think about buying at the lowest point and selling at the highest point; people like that are basically inviting misfortune. Such low-probability events have little reference value.
For ordinary retail investors like us,
Wanting to make money depends on the timing of entry and the cost of holding positions. Position yourself during a bear market and wait to profit in a bull market.
Currently, for ordinary users, if you want to make money in the financial market, you must have more patience. Patience is the only factor you can decisively control. As for capital advantages and information... in a situation where you have no advantages at all, it's better to wait patiently for opportunities. Only by being more patient than others can you earn their money.
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like and leave a message, and I'll take you through the bull market to stand firm in the market and seize this major opportunity!
