This round of bull market cycle in the crypto world has indeed been quite torturous. Only BTC is rising, and the basic rhythm is as follows: Phase One: BTC breaks a new high for the first time, and some altcoins also reach new highs, with most experiencing significant gains; Phase Two: BTC retraces by 20%, while others retrace by 50%. Phase Three: BTC breaks a new high again, while others remain sluggish with only minor increases. Phase Four: BTC retraces by 30%, and other coins are halved again, with most retracing by over 60%. Phase Five: BTC approaches its previous high, while other coins are halved compared to their peak. In summary, BTC repeatedly hits new highs, while others repeatedly hit new lows.
Holding BTC can be considered worry-free, while holding other coins is nerve-wracking. If one had only held BTC a year ago, it would have at least quintupled by now. In the next cycle, remember to only buy BTC and not other coins. However, based on the previous patterns in the crypto world, it is an undeniable fact that other coins have larger gains than BTC; the problem lies in the timing, which has not yet arrived. Therefore, it’s surprising that we are already in this situation. If you didn’t invest in BTC in the early stage, investing in BTC in the mid-stage doesn’t seem meaningful. It might be better to invest in these significantly dropped mainstream coins, as after such a drop, the rebounds will be more frequent, and the final gains could match or exceed BTC.
Recently, ETH has surged dramatically. I feel there’s no need to overly praise Ethereum; it has dropped significantly. Its lowest price has already fallen to the peak of January 2018, which is quite terrifying. One can only say that there’s no risk in continuing to hold ETH, so that’s definitely not a problem. Saying it has risen is quite exaggerated; other mainstream coins have also increased by 50%. One can only say that ETH’s rise gives hope to altcoins.
I feel that it will be around June or July when altcoins can truly walk out of the shadows, and a bull market will definitely come. For now, we can only do our best to prepare and wait. The best entry time in the crypto world is also very brief, and the best profit time is also very short. Missing the best selling time will lead to long-lasting regret. The trend in the crypto world is not flatlands, not hills, not at sea, not in rainforests; the trend in the crypto world is more like the towering mountains, where you can see above from the valley, but you cannot know how deep the valley behind the mountain peak is. The real crypto world is even more perilous because you have no idea where you stand. Only after completing the journey can you stand from a god's perspective to review it. This is indeed an adventure.
