Ethereum is half-dead, the altcoin season is nowhere to be seen, why is this Bull Market even harder than the bear market?

Original Author: Aylo

Reprint: Lawrence, Mars Finance

First of all, this cycle is indeed difficult, don’t let anyone fool you that it’s not difficult. But the reality is, each cycle is harder than the previous one. The number of market participants is increasing, the competition is getting fiercer, and the veteran players are smarter, so naturally there are more people who fail in the end.

If you didn’t heavily invest in BTC or SOL during the bear market, you probably didn’t make any money, and may have even gone crazy. If I didn’t use SOL as the unit of account, I would probably be suffering a lot.

Yes, there are indeed some individual big winners in this round, but I bet, if you heavily bet on these assets, you are very likely to give back a portion or even a large part of your profits in the end. After all, most people won’t stop after a big profit, they always feel that the “cycle is not over yet” and want to take another gamble, the result is giving back the money they earned.

The principle of ‘playing foolish games and winning foolish prizes’ always applies, but sometimes the process is just extended for traders and gamblers.

So, why is this round so difficult?

01, Post-Traumatic Stress Disorder (PTSD)

In the past two rounds of large-scale cottage coin cycles, most currencies have experienced a 90-95% crash. The collapse of Luna and FTX has exacerbated the industry’s chain reaction, and the market has fallen even harder than expected. A large number of heavyweight players have been liquidated, and the encrypted lending platform has not yet recovered.

Post-traumatic stress disorder (P