I will explain the reasons and logic below.
Traditional financial markets operate five days a week and four hours a day. The currency circle is 7*24 hours. The time difference is more than 6 times. The speed of development must be more than 6 times worse.
The stock market cycle is bull and bear every 7-8 years. After the bull market in 2015, by 2023, the bull market will be fast. The reason is that the new leek has grown up, worked for 7-8 years, graduated, made money, and now has a deposit of 100,000 to 500,000. Then they will be attracted by the good market and rush in to make a profit.
Don't worry about whether it will attract you or not. It will definitely happen.
Let's take a simple example. If you are doing a business now, you have bought a villa and a luxury car. People know how you make money. If there is no threshold, will others come to do it? They will definitely come. This is a rule and cannot be changed by will. If there is no threshold, there will definitely be competition to lower the average income of this industry.
Just like the net profit of real estate is 5-8%. The net profit of selling cars is 9-13%. The net profit of Taobao e-commerce is 15-25%. The profit of live broadcasting is 5-15%. This is a rule and there will not be much change.
The conclusion is obvious: as long as there is money to be made, everyone will come. Even if they want to dig for gold in Africa, they will go.
The bull-bear cycle of the cryptocurrency world is 3-4 years. It should be 1-2 years, right? Why is it 3-4 years? It's very simple, because the leeks have not saved enough money, and they have no funds coming in.
For the bull market to start, first the leeks have to cut their losses, and then the leeks also make money off the market and have capital, so that the bull market can start. There must be a reason for the 3-4 years.
The average person's savings are enough to live for about 6 months. Most people are like this. Then the borrowed funds can also allow them to live for about 1 year, that is, one and a half years. Therefore, the coins bought by the leeks are trapped and will not be sold within a year and a half, because they can still survive. The savings and credit card can allow them to produce for about a year.
The bull market ended in December 2021. So it has only been a little over a year, which is far from enough.
As mentioned above, the leeks must have money before the bull market can begin. So when the leeks run out of money at this time, they will go out to work. The money they earn should be enough for their own living. At this time, they have no money to buy, so they will keep paying attention to the cryptocurrency circle, watching the assets fall and rise, and torturing themselves like this.
Looking at the lines, I would inexplicably fantasize that if I buy here and sell there, I can still make 10 points. If I do it a few more times, wow, I will turn over. Then I just think that because I have no money, it is impossible to get rid of the trapped stocks. In the end, there will definitely be a big black swan bad thing in the market, such as the masks in early 2020, and then the price of the masks fell by 50% within an hour. Then at this time, there is no money in hand. Seeing that the coins you have hoarded are either zero or only tens of thousands are left, you simply sell them and take them out for living expenses.
Then I left the cryptocurrency circle painfully, and then I will sell all of them around the end of 2023-2024. Then I will slowly make money on my own, because I have to live, I will save money, save 5,000-10,000 a month, and after saving for about a year, I will have 50,000-100,000 funds. At this time, the bull market basically starts slowly, because the assets you sold are absorbed by the dealer. Then the chips are reduced.
The market is full of bad news. The currency circle is unstable. There are so many bad news, but the currency keeps rising. You don’t understand why it keeps rising. You want to buy when it drops. Holding the 100,000 yuan in your hand, you want to get rich overnight. Just wait, but the market won’t fall. It doesn’t give you any chance to buy. You buy high and are afraid of losing money. It’s so annoying to see others making money. You torture yourself for countless nights, suffer from insomnia, and blame yourself for not having the courage.
Finally, around May 2025, the market has taken off, and the price of Bitcoin is 100,000 U per coin. At this time, there is good news everywhere in the market. Anyway, all you can see is good news. Then you feel that Bitcoin will reach 300,000 U per coin, and you feel that you are going to be rich, so you buy it all in, make money and borrow money, buy it all by swiping your card, and open all the contract band skills. But in the end, you find that the 200,000 you invested has turned into 400,000. You have never made so much money in the cryptocurrency circle in your life. You tell yourself that Bitcoin will definitely reach 300,000 U, and then your goal is to be a millionaire. You look forward to a better future, you can change a house and buy a good car.
Finally, one afternoon, the sunset was so dazzling, but the sky was suddenly covered with dark clouds, blocking the only sunset light. With a thunder in the sky, it rained heavily that afternoon. It soaked the earth and everything. The pie suddenly fell by 30%. Your profit was only 80,000. You told yourself to hold on a little longer, and sure enough, it came back 10 points the next day, and then on the third and fourth days, all the profits were wiped out and turned into costs. You worked hard for two years, watching others make money, how could you possibly withdraw with your capital intact? You decided to take a gamble and borrow money to cover your position. Finally, after a year, your 200,000 plus the 100,000 you covered your position became less than 40,000. Finally, a bad news, you were out in tears again. Because you had to repay the borrowed money, you finally cut your losses. After cutting your losses, the market rose back to the price you bought. You are so helpless.
You have been thinking about why you can't make money in a bear market, and why you can't make money in a bull market. Why can't you make money all the time? Why doesn't the market go up even when there is good news? It's very simple, because if you don't sell, the market won't go up, and if you don't buy, the market won't go down. Your thoughts are the thoughts of most people.
Then you saw my brother Xu in Binance Square. Brother Xu gave you some advice and taught you a sentence from "Biography of Merchants": Buy cheaply as if they were pearls and jade, and sell expensively as if they were dirt.
You followed Brother Xu without hesitation at this moment, you finally realized the truth, and you started to hoard coins. In 2029, you finally completed your first 1 million in your life. You are thinking, if you met Brother Xu in 2023, wouldn’t I be a multi-millionaire in 2029?
You look at your assets, recalling all the bitterness, and sigh. Your girlfriend left you, your family looked down on you, and your relatives didn't like you during the Chinese New Year. Other people's children are already able to help with cooking. At this moment, you realize how stupid you were before.
You finally turned from a leek into a qualified investor. You looked at the countless leeks being eliminated and the coin friends around you falling one by one. You gasped in surprise, thinking I was so lucky. What would my life be like if I hadn't met Brother Xu?
You sighed in your panic: Fortunately, there is Binance Square.
