I know a lot are enthusiastic that the bull market season is once again here. Yes it's true, every market has its apex season as well as down times. How you understand what a bull market is can help curtail possibilities you never imagined. The urge to get rich quick can also be accompanied by a result that makes you broke or even poor, it a matter of decision, where and when you made it.
Focusing on the cryptocurrency market, we saw a lot of individuals posting how they made lots of bucks trading the crypto especially the bitcoin market. A lot may feel left out while others may also be drawn to test dangerous waters. 'No risk, no reward' I guess?, I wouldn't entirely say so; there come certain times when it's more of being careless and undisciplined. It's you becoming vulnerable and going out for risk with an unfair risk/reward ratio. If paraventure its works, its luck and nothing else.
What am I trying to point out here? Simple, ignore market hypes if you have less. A lot may feel it's time to make more money with less but I'll tell you it's more of time to 'make more with more', period. I could remember I wrote a similar article; the bulls have favorites, it will add more insight to what I am saying.
Those that thrive in the bull market are not medium investors adding to that if you are among the least of the medium; wouldn't want to use the word poor just to be professional. That said, we need to understand how the market works, it's a game of early strategy and patients.
Like it happened on Tuesday when 'a sneeze' happened in the cryptoverse leaving a lot with empty pause. Who do you actually think lost in that market dip? Of course medium investors, those that can do 10x or 20x with $500 to $1000 dollars just to claim the whole market in a flip. The $1.1 billion liquidation must have swept off their entire market history leaving them with an empty portfolio.
I personally don't admire the idea of trading the crypto market with your capital. When looking at how volatile the entire system can be. It's best to build up your portfolio ahead of bullish days so you'll have to trade profits. Entering a bull market when all are green candles can be very confusing and tricky, it's as if you should take profit everywhere and before you know it, you'll be taken.
What medium investors fail to understand at such state is that they are always at this apex market 'out-capitalized', it's difficult to find few sand drops in a bag of rice. How many actually make a fortune when entering a market during its hypes? I guess little if not none.
Medium investors must learn to be prepared
I rather buy more with little and wait for the bull season rather than day trade little for more during all green candle markets. I am seeing a lot of medium investors already out for the year because of that single liquidation. The case seems different for the market whales, especially those who purchased these assets when it was at its pre-seasons. We know the market can be successful if you have that investment power, its always a big game changer.
We have seen this platform to be a place where many days of gain can be wiped out in just one negative outcome. All the losses that will be accumulated during this bull market, a high percentage of it will go to medium investors who wish to turn rich overnight. If medium investors could know the value they could draw out during a bear market, they would have put more effort into researching good projects that will provide that steady positive return.
It's safer to trade a bear market, things may seem slow yet they are always productive. You get to ignore hypes and pressure making you to focus more on raw anmarket . Can you imagine how much you could have made if you were trading the dip during bitcoin bearish season, you wouldn't even need bitcoin to pump two, three or four times before you hit the needed target if you are just here for the market price.
This is one of the things we fail to realize early, the fear uncertainty and doubt (fud) that a market is bearish and may soon dust off causes the 'abandon ship' mentality. When we see these long run green candles we decide to 'come on board' once again with our little bucks, what we fail to know is that we are always a finger flip away from being offloaded.
To conclude, let me add, Inasmuch as you could see the market as a get rich quick scenario, the reverse can also be the case. Yes you could be poor overnight. When and how much you enter the market with plays a huge role in your trading lifespan. I know there will definitely be casualties even in the midst of green candles, one just happened and we can't really tell when the next will occur. Pursuing market hype will always come at a cost and the situation becomes worse when you are just a medium investor. No matter the tactics you may apply here, I do not get much convinced, it may be just luck and when you run of it, a single blow may send you out of this moving ship.