Recently in the community, people have been saying 'don’t hold onto spot trading' and 'altcoins in this bull market will at most double or triple,' and wow, they were immediately blasted! Some people criticize them for not understanding a bull market, questioning how a few times increase can be considered a bull market? I initially wanted to retort, but then I thought, forget it—you can never wake someone who pretends to be asleep; some people won’t know the pain until they hit a wall! I ask you, those who are holding onto altcoins tightly, did they make a fortune in this bull market or take a roller coaster ride and suffer huge losses? Still using the old history from the last two rounds to apply to now, if you don’t lose, who will?
Let’s be honest, which industry doesn’t slowly transition from a period of profits to saturation? The crypto world is no exception! Take Bitcoin as an example; during the bull market in 2017, it surged to $19,000, only to drop to $3,000 in no time; in 2020, another bull market started, and in 2021, it skyrocketed to $69,000, increasing more than 20 times from the bear market bottom, even compared to the previous high, it was still 3.6 times higher. Looking at this round, everyone generally predicts a bull market peak of $130,000 to $150,000; even if we start from the bear market bottom of $15,000, that’s just a little over 10 times increase, compared to the previous high, it’s only a bit more than 2 times. And what about the next round? Even if we can’t predict the specific numbers, it will definitely increase less than it does now!
The same principle applies to altcoins! A few years ago during the bull market, it was easy to catch coins that increased by a hundred times, and coins that increased by ten times were everywhere. By the 2021 bull market, hundred times coins became rare, and ten times coins were still relatively common. Now in this market, a decent altcoin might increase by ten times, while those worthless coins are fortunate to increase by 2 to 3 times! The key is that most newbies lack insight and specifically choose to buy garbage altcoins; am I not being practical enough when I say they can increase by 2 to 3 times?
Brothers and sisters just entering the crypto world, listen to my advice: quickly give up the fantasy of becoming rich overnight! Don't think of yourself as the chosen one who can make money in crypto effortlessly. Honestly, I've seen too many people come in with an inflated sense of confidence, thinking they are trading geniuses, only to lose so much that they nearly end up broke before realizing—making money in crypto is harder than reaching the sky, and losing money is easier than drinking cold water!
What’s even more frustrating? When the bull market comes, everyone gets hyped! When Bitcoin rises to $100,000 or $120,000, there are always people shouting about reaching $200,000 or $300,000, and the whole network is frantically chasing the rise, with the slogan of 'always a bull market' echoing loudly. What’s the result? When the tide goes out, only then do we know who’s swimming naked, and in the end, everyone has to pay the tuition!
