I completely agree with Feige's statement. No mistakes. Those who clearly make money but refuse to sell, believing it can still soar. In the end, it drops and they end up crying everywhere about their losses. I have also lost money, but I feel like I have outperformed many people. I bought at the peak in November 24 and have lost about 15% of my principal since then. Not greedy, not rushed. When I see an opportunity, I buy the dip and run when I've made a profit. Originally, I was down 80% in a year. I managed to almost break even in less than 3 months. I'm still alive, and I can hold on.

Answer some of the most concerned questions from retail investors in the cryptocurrency market

1. How to understand bull and bear markets? Why do many people still lose money in a bull market?

Bull and bear markets are actually the natural rhythm of the market, like waves. A major upward wave is a bull market, and the pullbacks and fluctuations are a bear market. Generally, the first and third waves of an upward movement are very brief, with the second wave pullback lasting the longest, which is that kind of prolonged decline plus sideways phase. Many people fall before the dawn of a bull market because they can't endure that endless bear period.
The main reason for losing money in a bull market is actually buying the wrong position. The essence of trading is to buy low and sell high, but most people do the opposite: they dare to buy only after the price rises and panic sell when it drops.

2. Are altcoins scams? Why do market makers sometimes lose money too?

Most altcoins have no actual value and exist solely for speculation. 99% will eventually go to zero, just changing narratives to deceive the next round.
In this round, altcoins have performed poorly, not only retail investors are losing, but many market makers have also been tricked by exchanges and large investors. Some are caught off-guard after buying the dips and end up panic selling. The cryptocurrency market is a layer of predation, with big fish eating small fish, and small fish eating shrimp; those without connections or strength will be harvested.
When the market is good, large investors easily profit by raising prices, but when the market is poor, no one takes over, and they dump their holdings and run. Even institutions follow the 80/20 rule—those with thicker wallets tend to survive more easily.

3. Why does Bitcoin rise, but altcoins do not follow?

Bitcoin can rise because all the funds and attention are focused on it. Now it is basically linked to the US stock market, with large funds only buying Bitcoin. In the last bull market, liquidity was strong, so altcoins could also rise. But this time is different; with limited funds and new coins peaking quickly, project teams can make money just through market cap management.
ETH and several major star projects have flopped this time, the project teams made money, but the secondary market is lifeless. Retail investors' hot money has gone to meme coins and small-cap coins, while old coins are not only stagnant but have even fallen, with many priced lower than during the bear market. This time, it’s a bull market for mainstream coins, and most altcoins need to be viewed separately.

4. Will there be an explosion for altcoins?
Yes, but it hasn't started yet. Currently, many candlestick charts are fake, and the future market is likely to appear in Q4 2025 to the first half of 2026. As long as there are coins operated by large investors, there will be a wave of market activity. For example, mainstream coins through ETFs, while coins without large investor operations may remain silent this round.