It is meaningless to discuss whether $BTC is a bull market or a bear market at this stage. Only when we look back at history can we judge bulls and bears.
There is a colleague in the department who was born in 1997 and is responsible for editing content for overseas markets, focusing on US stocks. He has studied abroad, drives a Tesla to and from get off work, and has some basic knowledge of Crypto.
He was on duty, and every time he saw Bitcoin rising sharply, he would always ask me with a smile, "Is the bull market coming?" I pretended to be mature and told him, "I don't know, just take it step by step."
In fact, people who have confidence in the market have already bought the bottom in December last year or January this year, instead of waiting until Bitcoin reached US$30,000 and still wondering whether it was a bull market and hesitating whether to buy it.
In a bull market, some people still lose all their money and go bankrupt; in a bear market, some people can still make millions. The market specializes in all kinds of dissatisfaction, and history will teach us how to behave.
Don’t have any beliefs, making money is the way to go. If you have faith in #DeFi in mid-2020, then the second half of the year will be the harvest season. However, after March 2021, if you still have faith in DeFi, you have basically lost all your money.
If you have faith in #NFT in September 2021, it will be a full winter. However, after entering the new year of 2022, if you still have faith in NFT, the current situation is to see a bunch of unsold pictures, leaving tears of regret.
In addition to DeFi and NFT, there are also Layer2, MEME, AI, etc. Every wave of sector hype has a deadline and is a limited game. Ebb and flow, with only BTC and ETH, it’s an infinite game.
What I do every day in my spare time includes:
1. Keep an eye on the K-line, analyze changes in volume and price, observe changes in sectors or individual currencies, and look for reasons;
2. Keep up with the developments of the Federal Reserve and the rise and fall of the U.S. stock market;
3. Read industry news to understand whether there are technological/product innovations, whether there are any major advantages or disadvantages, community sentiment and hot market topics;
4. Eat well, sleep well, and don’t fall in love. A healthy body is the most important preparation for the bull market;
5. Update posts on Binance Square daily as a mark of my progress with the industry.