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Remember it takes two cycles to get rich

All Cryptocurrencies

by COINS NEWS 193 Views

It takes two or three cycles to get extremely rich in crypto. A cycle is basically a bear and a bull market. The catalyst for this is the bitcoin halving (block reward getting cut in half) every four years. When Bitcoin halves the market usually go crazy and a bull run starts. This starts with BTC rising then ETH, then BTC falls, ETH goes up/sideways and alts go crazy. Then in the multi-year bear market the alts get destroyed and BTC regains its dominance. Here is a countdown for the next halving:

https://coinmarketcap.com/halving/bitcoin/

When everyone is a noob and in their first cycle usually it's already too late. Most people heard about the hype wave in the middle of the bull run or close to the top and buy a lot of shitcoins at the top thinking they will be the next greatest thing ever. Then the whole thing crashes and people sell at a loss. Thing is as long as you aren't too deep in shitcoins if you just held onto your ETH/BTC it will go up eventually. Buying in the last cycle's top would be amazing now, and that's what people in 2025 will be saying about today.

In the second cycle, you are smarter, aren't as diversified into shitcoins, and hopefully accumulated during down trends. Now HODL and congrats. You did it.

submitted by /u/mybed54
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