Ordinary people can make a big profit in the crypto world only after experiencing two bull markets.
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In January 2017, when the price of BTC was only around 1000, many people would see the news, but due to their doubts and hesitations, they would not buy in.
Soon after, btc rose to five or six thousand, and some wealth creation myths emerged. These people were still hesitant, but some would take out some money to try their luck. As a result, btc rose to 10,000 yuan, and they felt that they hadn't made enough money, so they would continue to add investment. The amount of investment added later would be slightly larger than the previous investment amount.
This second investment is definitely larger than the first one.
Then BTC continued to rise, and the myth of wealth creation continued to unfold.
So the sucker boldly added more investment, which may be larger than the previous investment amount, and bought it at nearly 18,000 instead of over 10,000.
At this time, BTC experienced a pullback, falling to 14,000. The suckers boldly caught the bottom, and later BTC rose to 20,000. While the suckers secretly celebrated their correct bottom fishing strategy, BTC fell back to 16,000.
Given the text in Chinese Simplified: "那鉴于上次的抄底经验，韭菜会接着进行抄底，这个时候btc实际上已经开始崩盘了，早期的获利者已经了结离场了。"
The translation in English is: "Given the previous experience of catching the bottom, the suckers will continue to buy the dips. At this time, BTC has actually started to collapse, and early profit-takers have already exited."
But the suckers are still catching the bottom, btc has fallen below 16,000, fallen below 10,000, fallen below 8,000, fallen below 6,000, and even fallen below 4,000.
At this time, two situations will arise. Some suckers, unable to bear the pressure, will choose to cut loss at the bottom of the bear market and leave in despair.
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Certainly, there are also a few people who choose not to move and get a 21-year cycle, which is a blood profit.
Many people who choose not to move have finally breakeven after going through the difficult ordeal of the bear market. A small portion of them may choose to sell after breakeven. (It's easy to fall into the trap of selling right after breaking even on a bull market).
There is also a possibility that some people did not sell at 16,000 and the price rose to 20,000. Based on the pattern of the previous cycle, they thought that Bitcoin might fall, so they sold it.
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Afterwards, we saw that BTC continued to rise and reached a peak of 69000.
Bull and bear alternations, many people who entered the market in 2021 will be like those in the previous wave.
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History repeats itself. Those who chose to continue to invest and those who bought in batches at 45,000 and 30,000, just like in the previous bull market, are now trapped. We are now in a bear market phase that will continue to drop endlessly until it reaches a major bottom at 15,000.
Suckers who couldn't withstand the pressure chose to cut loss, while others chose to hold on until 23 years later when the market surged again to 40,000-50,000. Many people chose to exit to break even. Those who continued to hold on and realized the start of the bull market made a lot of profit.
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In every bull market, BTC has proven one thing: those who dare to sell high and buy low, those who dare to sell when there is a buzz, and those who dare to buy when no one is interested will definitely profit from it. BTC has never let anyone down.
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So far, the sucker has also summarized the experience, as long as BTC is bought at a relatively low price, dare to hold it, and in the next cycle, there will definitely be an opportunity to double it.
Suckers secretly made up their minds that they must seize the opportunity to buy the dips in the next bear market. However, when the next bear market comes, they will find that the price is even higher than the price they sold at. In the eyes of suckers, BTC will continue to fall, so they may not dare to buy the dips after all.
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Cryptocurrency speculation is the realization of cognition, and without cognition, one cannot make money.
Ordinary people entering the crypto world need to go through at least two bull and bear cycles before they can establish their own investment system.
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