Really, stop deceiving yourself. Thinking that after surviving the bear market, you can just lie back and make big money when the bull market comes is the biggest scam in this circle.
The bear market doesn't just grind experience; it completely wears down your mental state. You become fearful of drops, anxious about losses, and when you see a slight rebound, your first reaction is to think it's a trap. If you make a little profit, you panic, afraid of being caught again, and your courage has long been lost to the downturn.
When a real bull market finally goes wild, even holding good coins, when it rises by fifty percent, you get scared and quickly sell to secure your gains, only to watch it soar dozens or even hundreds of times afterward, left only to slap your thigh every day, and when you think about getting back in, you don't dare. The more it rises, the more anxious you become, completely missing out.
On the contrary, the newcomers who just entered, knowing nothing and having never lost, blindly buy and hold, end up accidentally reaping significant profits.
But the worse fate is that the money earned by luck cannot be held onto by newcomers at all. Once the bull turns into a bear, all previous gains are given back, and some even dare to invest more money or take loans to jump in, ultimately losing everything.
The scariest thing isn't losing money; it's that illusion of sudden wealth which will be etched in your bones. What was clearly luck feels like your own skill, leading you to become restless and unable to settle down in life, always thinking about gambling again for a comeback, and you end up completely ruined.
The harshest aspect of the crypto world is this: the bear market takes away your courage to make money, while the bull market gives you the illusion of being a stock god, and in the end, it's not just money that gets swallowed, but the mentality of a normal person.