Early bull market
No one believes that the bull market is coming and is still desperately shorting the market. However, Bitcoin has begun to rise quietly, and altcoins are also following quietly, but everyone thinks this is a rebound. The long-short ratio of Bitcoin and altcoins remains at a low level, and retail investors have not gotten on board with Bitcoin.
Mid-bull market
Bitcoin skyrocketed, but retail investors did not buy Bitcoin and could only chase altcoins. The long-short ratio of Bitcoin remained low, but the long-short ratio of altcoins was already high. Then Bitcoin began to make a small correction, while altcoins suffered a critical hit. Those who opened long altcoins with contract leverage were liquidated.
Mid to late bull market
Bitcoin has skyrocketed again, and the altcoins have just recovered. The long-short ratio of Bitcoin has begun to develop towards a high level, while the long-short ratio of altcoins is still at a low level. Retail investors have discovered that Bitcoin is still the most profitable, so they cleared out their altcoins and even cut their losses, all with the goal of chasing the rise of Bitcoin.
Late bull market
Bitcoin started to rise slowly, and even plummeted before rebounding. Everyone thought that Bitcoin would reach a new high. At this time, altcoins began to soar. The long-short ratio of Bitcoin and altcoins was already at an extremely high level, but retail investors had already switched positions to Bitcoin and missed the crazy rise of altcoins. After switching positions to altcoins, at this moment, the bull market was declared over and the sharp drop officially started.
Most people think that if they only buy Bitcoin spot and hold it, they will definitely make money. Now many people have this idea, just holding on to Bitcoin spot, but in every bull market, 95% of people lose all their money. Have you noticed that most people lose all their money in the bull market! Why is this?
The reason is very simple. There is nothing wrong with such an idea. What is wrong is that you overestimate your determination and perseverance! I won't read it anymore. The idea is very beautiful, but most people can't help but find out the current price of Bitcoin through various channels. Many people say that after I buy the spot of Bitcoin, I will never sell it. I don't care about the rise and fall in the future. I will just ignore it! Anyway, I will hold it! You underestimate the main force's ability to wash the market. Suddenly, there will be a waterfall of 10,000 points one day, and you will cry. This wave can drive most people off the bus. You say you have strong psychological quality? If it doesn't work the first time, come the second time. Then it will go sideways for a few months. The market looks shaky, and all kinds of negative news are flying all over the sky. You look at it and feel panic. Maybe you can withstand the previous few waves of offensives, and then there will be a few more waves, and then cooperate with the negative news. Over time, your psychological defense line has collapsed. This set of combined punches can basically get rid of 90% of people. You said you have a very strong psychological quality, but you just don't want to get off the bus? I pulled up a few thousand points, and then suddenly dropped it, then pulled up a few thousand points again, dropped it again, pulled up again, and dropped it again. Would you be tempted? Take a short position, right? I am watching the profit of several thousand points go to waste, and it will drop anyway, so I can just catch it again. Well, congratulations, you were tricked into getting off the bus! There is a bigger wave of people, wow, it has risen so sharply, it must be the dealer deliberately pulling up the market to sell, shorting!! It will definitely fall. As a result, it has become fertilizer, and it is still pulling up, right? Continue to short, it must be pulling up to sell, shorting! Continue to be fertilizer! Keep going short, keep exploding. Keep exploding, keep going short!
Think about it, is this the case for these people? Those who missed out on opportunities and were thrown off the train are slowly waiting for a correction, but the market never comes back. The longer they wait, the higher the price goes. The fomo sentiment has reached its peak, and the market has also reached a high point. They can’t help it and chase the longs, but the result is a big drop and they have to sell at a loss!
There are many crashes in the bull market. In fact, when the bull market comes, what you need most is confidence, and someone who can give you a boost. Someone who can constantly recharge your faith. Many people know this truth, but few can really do it. Don't think that everything will be fine in the bull market. In fact, your psychological test has just begun.
I don’t know if there are any loyal fans who share the same idea as me! Let’s take it together! The community will release high-quality ideas and wealth signals as soon as possible, welcome! Stay tuned, and we will fly together in 2024.
