For example, on June 19, 2022, Ethereum fell to more than 800 US dollars. The reason why it fell so low was that many institutions collapsed, large investors were liquidated, and then the Federal Reserve raised interest rates, and the external environment was very bad, so it fell here.

However, due to the benefits of the Ethereum upgrade, the price increased to more than 2,000 US dollars from June 19 to August 14, directly doubling. Many people think that 25 years is a bull market in the currency circle, which is also based on cycles, and a very obvious symbol of the cycle is the halving of Bitcoin. The upgrade of Ethereum can buck the trend and rise in such a harsh environment, so the halving of Bitcoin It will attract more attention, and the external economy will not be so bad at that time, and it is more likely that the Federal Reserve will release water again.

Therefore, many people including me are making plans, and are ready to buy at the bottom next year. However, people are different. Some people shout that they will buy at the bottom, but they dare not buy when the price really reaches the bottom. Those who dare to buy at the bottom and hold on can make huge profits.

The cyclical nature of the cryptocurrency market will weaken as the price of Bitcoin rises and traditional institutions enter the market, but it is still a very effective indicator at least in the next bull market and the next bull market. Finally, what I wrote is not for everyone to see. If you are the kind of people who always shout about Ponzi schemes and tulip scams, you can leave. There are many people who popularize science, but you don’t read them. You also ignore the growth of the cryptocurrency market and the consensus that has been formed over a long period of time, so there is nothing to talk about.