William: Why is this round of bull market destined to be a long-lasting bull market?
Editor's Note: This article comes fromChatting with William (ID: William1913), Author: William Chen, reproduced by Odaily with authorization.
Editor's Note: This article comes from
Chatting with William (ID: William1913)Chatting with William (ID: William1913), Author: William Chen, reproduced by Odaily with authorization.The reason is clear at the beginning: most retail investors cannot make money in this bull market.The difference between this bull market and 2017 is that it was too easy for retail investors to make money in 2017, and later even many retail investors became bigwigs. Because of the immaturity of the market, everyone in the market, as long as they are in the market, has received a huge gift from the sudden influx of large sums of money.It's like a rainstorm, as long as you don't be so stupid as to find a tree to hide, you can basically get drenched more or less and relieve your thirsty desire.Let’s use an analogy, everyone can understand:The 17-year bull market is "heavy rain", and the 20-year bull market is "partial showers".So why can the bull market last if retail investors can't make (big) money?Few people may have heard of this theory. It is because retail investors cannot make (big) money, no retail investors will grow into big players, and there will be no original retail investors to cut off later retail accounts, and they will always be manipulated by big players. Disk, small players follow the car.A big player, a continuous big player, will consider the health of the ecology, the sustainability of the market, the cycle, and so on. In the vernacular, he will eat the leeks, but he will not dig the roots, and will continue to cultivate them. Even if retail investors are smart and obedient, and willing to participate in the wave, they will always share soup for them to drink.This is sustainable play.But if a retail investor is allowed to grow into a big one, and let him hold a sickle in his hand, then he will not have so many scruples, and he will not be able to make so many considerations.So no matter which market, in the end, it will continue to grow in the rotation of leading assets and high-quality assets, and then with the increase of the overall valuation, there will be room for coins with small market capitalization, which will eventually lead to:"Large households can make money, medium households can earn money, and small households can enjoy themselves."This is a sustainable bull market, but once there is a problem with a certain balance and a "crazy bull" appears, even small households can make money, then I am afraid that a round of major adjustments will be required to correct this mistake.So the best state is that Xiaohu has always had fun, has been participating and losing money but has been playing with passion.Finally, let me describe the psychological journey of retail investors in this round of bull market:You enter the market to buy mainstream currencies, and after watching the show for half a year, you find that Bitcoin is rising, Ethereum is rising, and altcoins are rising, but your mainstream currency is not rising.You reluctantly abandoned the mainstream currency you insisted on, and changed your car to Defi currency, only to find that Defi was turned off, and the old mainstream carnival.So you strengthened your choice even more, and returned to the old mainstream that only pulled the market for two days, so they returned to the place where the dream started, and then, the unilateral Bitcoin market began.For two consecutive months, you shouted in your heart every day, "Bitcoin has risen so much, is it true that the mainstream really doesn't make up for it at all?"
