When the bull market ends, why are the people who make money still in the minority?
BTC already gave the answer early: from 15,500 to 126,000, it rose 8 times—but not many people managed to keep their profits.
Having more experience isn’t necessarily better. In the last cycle, those who got rich through low-cap “shanzhai” coins often develop path dependence, assuming this cycle can be copied again. But when BTC made new highs, the shanzhai didn’t go crazy. What worked in the past may not work in the next cycle.
Even more dangerous is reaching the wrong conclusion after losing money: making 10x from trash coins and then thinking you’ve grasped the method—so you do it again and might end up back to zero.
What I value more now is error tolerance, not prediction. It’s okay to be wrong—what matters is whether you still have capital to keep playing.
So in the end, many people put their positions back into BTC and ETH. It’s not that there’s no risk—it’s that it reduces dependence on “what to trade in the next round.”
Surviving and staying involved matters more than catching a single 100x gain. The market isn’t short of opportunities; what’s missing is whether you still have the qualification to wait for the next one.
BTC already gave the answer early: from 15,500 to 126,000, it rose 8 times—but not many people managed to keep their profits.
Having more experience isn’t necessarily better. In the last cycle, those who got rich through low-cap “shanzhai” coins often develop path dependence, assuming this cycle can be copied again. But when BTC made new highs, the shanzhai didn’t go crazy. What worked in the past may not work in the next cycle.
Even more dangerous is reaching the wrong conclusion after losing money: making 10x from trash coins and then thinking you’ve grasped the method—so you do it again and might end up back to zero.
What I value more now is error tolerance, not prediction. It’s okay to be wrong—what matters is whether you still have capital to keep playing.
So in the end, many people put their positions back into BTC and ETH. It’s not that there’s no risk—it’s that it reduces dependence on “what to trade in the next round.”
Surviving and staying involved matters more than catching a single 100x gain. The market isn’t short of opportunities; what’s missing is whether you still have the qualification to wait for the next one.