Who says a bull market can be blindly followed to get rich? I looked back at the 2021 K-line chart, and the screen was filled with stories of hundredfold gains, as if anyone who hopped on then was a guaranteed winner. But everyone who truly experienced that cycle knows— it wasn’t celebration, but a psychological battle that lasted over half a year.

Every day, people were torn: should I sell if it rises 10%, or if it drops back to the original point, I think it’s over? Several months of sideways movement were even more tormenting. The market is like a clever hunter, suddenly striking when you just gained confidence, and then setting a fire at your most desperate moment.

The data is right there:

Back then, over 70% of retail investors frequently entered and exited after Bitcoin surged and retreated, ultimately losing to those who held their positions stubbornly. Nearly 90% of altcoins with hundredfold concepts shrank over 95% from their peaks, and even now, new investors are still trapped in those positions. Statistics show that less than 3% of addresses have completed the entire cycle and hold the full position.

Why is that? Because those who survive are not the loudest FOMO chasers, but the "hard men" who hold onto their chips tightly amid volatility. The main players are actually designing an emotional trap—your FOMO and panic are all calculated into their plan.

There’s only one way to break through: be calmer than them, endure longer than them.

Don’t go all-in at the peak, don’t flee in panic. The key is to build a cognitive defense line—know why you entered, why you continue to hold, and when it’s time to exit. This isn’t about being smarter than the market, but about preventing emotions from leading you by the nose.

There are plenty of opportunities this year. Topics like DOGE, PEPE, SHIB continue to stay hot, and funds are looking for the next exit. But no matter how strong the trend, it’s governed by this iron law: greed is the biggest killer.

The true winners only care about one thing: staying in the game is more important than guessing the top or bottom. It’s not about always going all-in without moving, but about participating steadily within your understanding, not being crushed by short-term fluctuations.

This is the truth of a bull market—it doesn’t reward the smart, only those who can hold on.