Today we must talk about two painful truths in the crypto world!

Recently, people in the circle have been saying, "Don’t just hold onto spot trading," and "Altcoins will only rise 2 - 3 times at most in this bull market." Wow, they were directly criticized to pieces! Some people say they don’t understand a bull market, asking how it can be a bull market if it only rises a few times? I initially wanted to retort, but then I thought, forget it — you can never wake someone who is pretending to be asleep.

Some people never know the pain until they hit the wall! I just want to ask you all, for those who are stubbornly holding onto altcoins, did you make a fortune or ride a roller coaster and lose badly in this bull market? Still using the old records from the previous two bull markets, if you don’t lose, who will?

Let’s speak frankly, which industry doesn’t slowly move from a period of benefits to a saturation period? The crypto world is no exception to this rule! Take Bitcoin for example; in the 2017 bull market, it surged to $19,000, only to drop to $3,000 in no time; then in 2020, the bull market started again, and in 2021 it skyrocketed to $69,000, flipping over 20 times from the bear market bottom, which is still 3.6 times compared to the previous peak. Now looking at this round, everyone generally predicts the bull market peak to be around $130,000 - $150,000. Even if we count from the $15,000 bear market bottom, that’s just a little over 10 times, and compared to the previous peak, it’s only a bit more than 2 times. What about the next round? Even if we can’t predict the exact numbers, it surely will rise less than now!

The same principle applies to altcoins! In previous bull markets, it was easy to catch coins that would rise a hundred times, and there were plenty of ten-times coins. By the 2021 bull market, hundred-times coins became rare, while ten-times coins were still common. In the current market, somewhat strong altcoins can rise ten times, and those junk coins can be considered lucky if they rise 2 - 3 times! The key is that most newcomers lack discernment and only pick junk altcoins to buy. If I say they can rise 2 - 3 times, isn’t that realistic enough?

Brothers and sisters who just entered the crypto world, hear my advice: quickly let go of the fantasy of overnight wealth! Don’t think you are the chosen one who can make money lying down in the crypto world. To be honest, I have seen too many people come in with extreme confidence, thinking they are trading geniuses, only to lose their pants before realizing — making money in the crypto world is harder than climbing to the sky, while losing money is easier than drinking cold water!