#比特币投资周期分析 This wave of market movement is really nerve-wracking. I saw in the news that Bitcoin has plummeted, and even those so-called "crypto treasury" companies have started selling off. Isn't this a classic stampede? People who bought at the top are now being forced to sell at low prices just to survive. I've said it before: don't blindly believe those so-called "expert" predictions, like $100,000 by the end of the year—that's just pie in the sky.

As someone who's been through this, I advise all newcomers: don't let short-term price fluctuations blind you. Bitcoin's investment cycle is very long, with a major cycle every four years. It looks bad now, but who knows if it might surge again next year? The key is to control your position size and manage your risk. Don't go all in, and don't use leverage. Stay calm and be patient if you want to survive in this market.

Remember, the most important thing on-chain is to protect your principal. Those get-rich-quick stories are just for listening to—real profits are made by seasoned players who accumulate quietly. Newcomers should focus on learning and improving their ability to identify risks. There are always going to be "chumps" in this market, but only smart investors have the last laugh.