Hello everyone, I am Brother Ming!

The fourth bull market in the cryptocurrency world still requires a group of “new leeks” to enter the market. At this stage, everything else is a minor problem. The most important focus is: the fourth bull market.

Everyone knows that a bull market needs financial support to be pushed forward, but apart from the financial aspect, there is another more important factor, which is: there needs to be enough retail investors entering the market to ensure the operation of the bull market and that there are people to take over.

This is also an essential part of a bull market. So how do you judge whether there are retail investors entering the market? Here are some of the bases I have summarized:

First, we need to see whether the number of Bitcoin and Ethereum holding addresses is increasing steadily.

Second, major currencies have begun to establish official communities

Third, the big Vs and old investors who had previously retired from the industry began to revive

Fourth, major offline conferences in the cryptocurrency circle began to be frequently organized

Fifth, projects related to the cryptocurrency industry are becoming more active

6. The number of free and paid communities in the cryptocurrency world has exploded

The above 6 points are the best reflections of market activity. Many people who entered the cryptocurrency circle in 2021 were basically brought into the cryptocurrency circle inexplicably.

Some were pulled into the cryptocurrency group by strangers, some were brought in by social media reports, and many were brought in by their friends who made money...

Basically, the only way for retail investors to enter the cryptocurrency circle is to enter during the bull market, because now social pressure is high and it is difficult to make money, and the wealth effect of the cryptocurrency circle is very attractive. Most of the people who entered the bear market in 2022 have basically been washed out.

With that kind of decline, coupled with various black swan events in the cryptocurrency circle, few people can withstand such losses and pressure. To see this, you only need to look at the people around you who are speculating in cryptocurrencies. Are there more of them in 2022 or 2021?

2023 is a transitional period and a key stage from the bear market to the bull market. It is also mainly to wash out unsteady retail investors. Although BTC has risen from US$15,487 to US$37,980 this year.

But the market is not much better than last year. Most people did not make a big profit this year. On the contrary, more people lost money. Is the market bad this year? In fact, judging from the current results, the market is very good.

There are many coins that have seen very good increases, and there are quite a few coins that have increased by more than ten or twenty times. However, this only increases the fantasies of retail investors, who think that as long as they bet right once, they can turn things around.

For the sake of momentary pleasure, they keep gambling, and the result is that they keep losing money. Up to now in 2023, they still haven't woken up. If I say: plan for the next bull market, they won't believe it, and will not take it seriously. But I want to tell you that the most important thing right now is: prepare for the next bull market with all your strength, and focus all your attention on this point. Anyone who understands technology and has experienced bull and bear cycles knows the importance of a bull market. If you grasp it well, it will at least solve the financial problems for the next four years.

If you miss it, you will have to wait for the next four years. If you make a mistake, it will inevitably make the already poor family worse off. I hope that after reading today's article, everyone can realize that the next focus will be on 2024, rather than focusing on the last 40 days of 2023 and taking a gamble to change their destiny.

If you find the article helpful and can solve some of your doubts, you can move your hands: like, follow, and forward it!

I’m Brother Ming. I’ve been in the trading market for more than ten years. If you have any questions, please contact Brother Ming. Welcome to chat!