Those in the know understand that a bull market is not an overnight get-rich-quick scheme; it has its own set of steps. By mastering these four stages of a bull market, you can make money alongside the rhythm and avoid significant losses. Let's take a look at these four stages to help you become an expert in the market!
Stage One: Market is Quiet, Prices Hit Bottom
Before the bull market begins, the market is incredibly quiet, and everyone thinks cryptocurrency is doomed. Prices are falling to the lowest point, and mainstream coins and altcoins seem forgotten. But at this time, some people are quietly positioning themselves, preparing to buy at the bottom. This is the starting point of the bull market; you need to have the vision to see the opportunities here.
Stage Two: Prices Slightly Rise, Everyone Observes
The market is starting to show some movement, with prices rebounding slightly. At this point, news starts to increase, and discussions on social media are emerging. But most people are still observing, saying this is just a small rebound, not a real bull market. You must understand that at this time, smart people and veterans have already started to act; you need to keep pace with them.
Stage Three: Prices Soar, Everyone Celebrates
At this stage, the market is absolutely buzzing! Prices are rising like a rocket, and stories of financial freedom are flying everywhere. Both mainstream coins and altcoins are surging, and even newcomers can't resist jumping in. Everyone feels this is a great opportunity to make money, and the market is boiling. But remember, this is also the most dangerous time; you must stay calm and not let excitement cloud your judgment.
Stage Four: Prices Peak, Plunge Begins
Every bull market eventually comes to an end. When the market is so hot that even the street vendors are talking about Bitcoin, you need to be cautious. After prices peak, the plunge begins. Mainstream coins fall first, then altcoins follow with a slight rebound, and then they also decline. Panic spreads, and the previous money-making myths are shattered. At this point, you need to run fast and not get caught at high levels.
These four stages of the bull market are a psychological battle. Whoever can see through the market's patterns can win in this game. Do not get trapped by momentary greed; learn to stay clear-headed in the celebration, as this is how you can truly make money in a bull market.
Recently, I plan to position myself with a potential coin that is ready to explode, doubling my investment should be quite simple. I am also looking for some potential coins to hold until the end of the year, expecting a growth space of over 10 times is not a problem. If you want to follow along, check my bamboo leaves, leave a message, follow, like, and golden skirt.