In a bull market, do you feel like you're incredibly powerful?

Just buy any coin and it goes up, blindly go all-in and still make money, talk about hundred-fold coins non-stop, feeling like the chosen one, with knowledge that crushes everyone else.

But have you ever thought: is the money you're making from skill, or from the cycle?

When a bear market comes, the tide recedes and who's swimming naked becomes obvious.

The once-miraculous moves turn into buying the top, those who claimed to hold long-term get cut at the bottom.

Those who thought they were catching the bottom end up stuck halfway up the mountain.

That's how crypto is: bull markets create gods, bear markets break hearts. Whether you're profiting from insight or cycle红利, once the bear market passes, the truth becomes clear.