Crazy bull market, where will the second half go?

The trend of Ethereum in the past two days seems to have gotten rid of Bitcoin and stepped out of its own independent market-in the case of Bitcoin sluggishness, Ethereum has begun to hit new highs. As of writing, Ethereum has surpassed $2,700.

But despite this, if we carefully compare the gains of Bitcoin and Ethereum since they crossed the previous round of peaks, we can see that Ethereum is lagging behind Bitcoin to some extent.

Bitcoin has risen 1.8 times (=3.4/1.9) from its peak of $19,000 in the previous round to $53,000 at the time of writing, while Ethereum has gone from its peak of $1,400 in the previous round to $2,700 at the time of writing. USD, rose 0.93 times (=1300/1400).

So in terms of growth alone,The growth rate of Ethereum is almost half that of Bitcoin, and I believe that when the peak of the bull market is reached, the growth rate of Ethereum will not lag behind Bitcoin. And now the bull market is still going on, so there will be room for Ethereum to rise in the future.

I haven’t looked at the market of various small currencies for a long time. Today I suddenly took a look at their market on a whim, especially when I looked at some of the coins I had decided to invest in. I was really moved.

For example, MakerDAO, I once set a regular investment price of less than 500 US dollars, but as of writing, its price has reached 4100 US dollars. The increase is more than 7 times higher than the regular investment price (=3600/500). This is something I couldn't have imagined when I made the regular investment.

This increase is higher than the increase of my fixed investment in Ethereum. Friends who have been reading my articles know that the fixed investment price of Ethereum that I wrote publicly in the early years was 400 US dollars. From that price to now, the increase of Ethereum is probably less than 6 times.

MakerDAO is an old project in the field of digital currency. It has experienced the last round of bear market. The lowest point of the last round of bear market once fell below $200. It is a bit surprising that there can be such a rebound in this round of bull market. .

This is enough to show that the fierce market in the bull market requires us to expand our imagination.

Although the gains of many coins have been very high, I still think that the bull market still has room to rise, so I continue to hold all the coins I bought and sold none.

Some friends once had this question: Since you are optimistic about the market outlook and think there is still room for growth, and you haven’t sold any coins yourself, what should you do if there are new friends who want to invest in digital currencies?

In the previous article,I think it's better to wait until the bear market, but if you must buy, then I recommend buying Bitcoin and Ethereum. And at this stage, Ethereum is more worth buying, because we have analyzed earlier, relatively speaking, the increase of Ethereum is lagging behind.

But now friends who enter the market to buy coins must pay attention. Compared with Ethereum’s fixed investment price of 400 US dollars, it has now increased by nearly 6 times. In the future, how long and how high can Ethereum continue to rise? , this is difficult to estimate, so such friends should always pay attention to risks and position control at all times.

A friend earlier asked me if I would sell all the coins when the bull market was realized?My current plan is that I will not sell all Bitcoin and Ethereum, but will keep at least 10% in my hands forever, and I may sell all other tokens, and then slowly buy them back in a bear market.

Yesterday, some readers left a message and continued to ask questions about mining. For mining, if you look at it from a longer time period (more than 4 years), you can enter the market at any time, as long as you can withstand the torment of the bear market in the process. In my opinion, Bitcoin reaching $1 million can be seen in our lifetime, so as long as Bitcoin does not reach this price in a day, then mining can enter the market at any time.

But the bear market entry mining I gave is to use limited funds as much as possible to obtain as much profit as possible through timing and selection.

This is actually the same as fixed betting. If we extend the timeline, we can say that as long as Bitcoin has not reached $1 million, we can enter the fixed bet at any time. There are indeed such friends around me. He has continued to invest in Bitcoin for the past 5 years, including the peak of the bull market in 2017, until today. But this kind of tolerance, this kind of strong heart is probably difficult for many ordinary investors to achieve.

In short, I hope that every investor, when making a decision, not only considers the present, but also considers the long-term, various complex situations that may occur in the future, and whether they have strategies and a good attitude to deal with those complex situations.