If at this moment you are a young person, holding the hard-earned 230,000 from your parents and wanting to start a milk tea shop, hot pot restaurant, live streaming e-commerce, etc., then you should come to the crypto world to learn something seriously and wait for an opportunity. If at this moment you are a middle-aged person, with a few credit cards in hand wanting to take out a loan to drive for Didi Chuxing or engage in some small business, then you should come to the crypto world to trade steadily. Don't demonize this circle, nor fear it. If you treat crypto world's chip trading as a job, rather than understanding it as to bet or not to bet, perhaps you will find many opportunities. Let's give a simple example. In 2021, if you wanted to exchange 1 million USDT, you only needed about 6.3 million RMB. Today in 2024, if you want to exchange 1 million USDT, you need to come up with about 7.3 million RMB. The RMB has depreciated by about 1 million in cash over the past three years. This is a naked truth of wealth, data won't lie, but reality will make a lasting impression on you. Those who understand, understand. That's all.

Unconsciously, it's already December 24th, 24 years. It seems that the crypto world has suddenly changed overnight, the perception has changed, the prices have changed, and everyone's desires have changed. A month ago, everyone was worried that it might fall below 60,000; a month later, they were all waiting for when it would break through 100,000. A month ago, they were still cursing their slow-growing coins, and a month later, they were just complaining that their coins were not rising as fast as others'. The market is still the same market, the Bull Market is still the same Bull Market. We face various anxieties in the face of the Miss Out market, we wait anxiously for the retracement point, and our hearts are on fire as we sit in the car. All these indescribable psychological feelings ultimately stem from our own cognition and desires.
Studying oneself and keeping a record of one's mental state should be a crucial subjective factor in determining whether you can profit from this bull run. If I ask you now, if you could go back to 2020, do you know how to make money in the crypto world? In fact, for most ordinary people, there's only one word: 'HODL', it's so simple that it doesn't even need explanation. Looking ahead five years, it's probably still this word.
Recently, most of the valuable or top market capitalization coins have started to see gains of more than 100%. This situation can be predicted in advance. As mentioned in the previous analysis, as long as BTC is sideways, there is a high probability that the top 100 AltCoins by market capitalization will experience a rally. As for the coins I have mentioned in the analysis, their gains are impressive, but it's not because I have a strong ability to pick the right coins, but because the market trend has reached this stage. Whether it's institutional capital or retail investors, they need to eliminate low-priced chips at this stage. First, it lowers the cost of the pump in the future, and second, this is the only way to attract more suckers to chase the market. So, there is no need to mythologize me or give me undue credit. As long as you are an experienced old sucker who has been through bull and bear markets, you can basically understand the current market situation.
The so-called Bullish line pulls up all faith, while the Bearish line shatters all illusions. Profits are determined at the moment of purchase, and the Bull Market is unpredictable. Just face it with a calm mind.
I stopped for a few days on a business trip, and it seems that I owe a lot of content without communicating with everyone. Looking at the comments section, there are joys and worries. It turns out that there are some fren and now it's Short Position. At this stage, my personal advice is really not to be afraid of making mistakes. As long as the choice of the underlying asset is not a big problem, it's not wrong to buy at the wrong price. It's really not difficult to hold it until the beginning of next year and double or triple. You have to believe that the funds will spin like a roulette, don't think about what others have in their bowl while holding your own. Past experience tells you that being obsessed with gains and losses will ultimately lead to no good ending.
But one thing you must realize is that the risk is indeed increasing now. When you don't get the low-priced chips, you will definitely have a much higher risk than others. So your strategy can only be to get on board boldly, but be cautious and not greedy when exiting. Those who have low-priced chips may have already used their profits to run during the crazy rise, so they have no too much pressure and can hold on. Therefore, if you start to layout and get on board now, it will test your ability to withstand ups and downs in the future.
The current market feels like boiling a frog in warm water, which can be considered calm before the storm. The volatility of the future trend will definitely increase. Many people lose their chips at this stage, either by short-term take profit or by changing lanes. No matter what your Holdings are now, at this time Node, you have missed the best time, you can only accept this fact, drop your profit expectations, and learn from an experience.
As for some fren who are expecting a 20%-30% major pullback, it will definitely occur regularly and multiple times. But remember, the premise of waiting for a pullback is to be able to determine the interim top. If there is no top, how do you calculate the entry point after the pullback? And those entry points are likely to appear in the form of Long Wick Candle. If you don't catch it, will you still enter a position?