It's a bear market now, not that you can't make money, but that it's extremely difficult. Bitcoin's price has been long below the ma200 and ma50, with all kinds of violent pump-and-dump schemes. Especially for spot traders, making money is harder than with futures because the probability of price going up is lower than going down.
In the previous bull market, there was a long two-year bull run. You could enter casually without worrying; the price was always rising. Now, it only oscillates at low levels with various fake breakouts. Given this, why not find a shitcoin and do short contracts at low leverage? No, no, no. It's just like the stock market crash of 2015, where a few trash stocks surged wildly. There will always be a few trash coins that skyrocket. If you're not careful and sell to a crazy coin, you might be done for. During this phase, the price repeatedly tears apart your cognition and confidence. It can suddenly surge without warning, then pull back sharply, then consolidate sideways for a long time, then suddenly find a direction and surge again, then pull back. Long-term, this will completely destroy your faith. When you’re repeatedly pulled to the point of breaking, and you see neighbors making huge profits buying silver, gold, or AI tokens, you give up your belief and leave the crypto world. That’s when the bull market returns.
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It's a bear market now, not that you can't make money, but that it's extremely difficult. Bitcoin's price has been long below the ma200 and ma50, with all kinds of violent pump-and-dump schemes. Especially for spot traders, making money is harder than with futures because the probability of price going up is lower than going down.
In the previous bull market, there was a long two-year bull run. You could enter casually without worrying; the price was always rising. Now, it only oscillates at low levels with various fake breakouts. Given this, why not find a shitcoin and do short contracts at low leverage? No, no, no. It's just like the stock market crash of 2015, where a few trash stocks surged wildly. There will always be a few trash coins that skyrocket. If you're not careful and sell to a crazy coin, you might be done for.
During this phase, the price repeatedly tears apart your cognition and confidence. It can suddenly surge without warning, then pull back sharply, then consolidate sideways for a long time, then suddenly find a direction and surge again, then pull back. Long-term, this will completely destroy your faith. When you’re repeatedly pulled to the point of breaking, and you see neighbors making huge profits buying silver, gold, or AI tokens, you give up your belief and leave the crypto world. That’s when the bull market returns.