Just looking at the speed of gains in traditional markets can help you understand why cryptocurrencies are so crazy. It took gold half a year to rise 50%, silver only a month, platinum a week, and palladium surged 50% in three days— even tin by the roadside can rise 50% in a day. So the question is: how long does it take for cryptocurrencies? After all, this is a truly incremental market.



Historical data is right in front of us. In the first two bull markets, many coins achieved their entire gains in a single day. MASK started at $0.5, soared to $75 within a few hours; DYDX, YGG, ICP, and others also experienced similar madness. Honestly, everyone who enters the crypto world will go crazy sooner or later; the only question is when. Those who lost more than ten times are essentially just late to the party—they bought coins from early entrants at the top at high prices.

Altcoins can indeed achieve financial freedom quickly. Early crazies can buy in at the bottom and then cash out at the top for late crazies. This is the game rule of the crypto market. FOMO at the top is human nature. When Ethereum reaches 10,000, most retail investors are still dreaming of 20,000. To avoid losses, the key is to stay calm at the top—exit early, and you won't face tenfold losses. But the reality is, most people do the opposite.
MASK11.51%
DYDX2.22%
YGG1.66%
ICP2.61%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
airdrop_whisperervip
· 1h ago
It's really crazy, being the sucker's fate.
View OriginalReply0
CryptoSourGrapevip
· 6h ago
If only I hadn't hesitated when buying MASK back then... Now it's all too late, I'm just a tenfold loss victim.
View OriginalReply0
FastLeavervip
· 6h ago
Staying up late is indeed a sin, but it's ridiculous to say it lightly.
View OriginalReply0
AltcoinMarathonervip
· 6h ago
just like mile 20 in a marathon, catching the bottom is where the real race begins—most people just sprint into the finish line backwards tho. macro perspective suggests we're still early, but yeah, timing the exit hits different than timing the entry.
Reply0
ZenMinervip
· 6h ago
Exactly right, but the execution is too difficult. Staying calm at the top? That's simply not something humans can accomplish.
View OriginalReply0
CompoundPersonalityvip
· 6h ago
Basically, it's a game of timing. Those who make quick money are always the early birds, and latecomers are the bagholders. --- That wave of MASK was indeed crazy, but how many could have truly sold everything at 75U? --- Bottom-fishing and top-selling—easier said than done. --- Tenfold losses are mostly the result of FOMO. Getting out early can really make life more comfortable. --- Rapid iteration in the incremental market, but risks also double. This cannot be ignored. --- The problem is that people who know where the top is simply don't exist; only armchair strategists after the fact. --- The crypto world is just a cycle of early madness and late madness harvesting. Choosing the wrong time really leaves you with no way back. --- Who didn't dream of Ethereum reaching 10,000? But the result was a slap in the face. --- Shitcoins can make you wealthy very quickly, but for most, it's just a rapid process of being weeded out. --- The key is mindset. Very few can avoid FOMO at the top. --- Even Shitcoins can surge 50% in a day. What’s impossible in the crypto world? But everyone has to face the probability.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)