Why do you still lose money in a bull market?

The crypto market is indeed rebounding, but the era of blindly buying coins and getting rich overnight is long gone. To make money in this market now, you need real skills, the ability to see where the money is flowing, and knowledge of which projects can truly survive.

**Where is the money flowing now?**

First, major funds are entering Wall Street. The Bitcoin ETF has changed the game—big institutions are deploying through ETFs, planning for long-term positions of 3 to 5 years. If you're still doing T+0 trading and trying to profit from daily price swings, it's definitely more challenging now. Making pocket change this way is getting difficult.

Second, genuine opportunities are in projects with real applications. DePIN has become incredibly popular lately—you buy hardware devices that share your home network or storage space, and you continuously earn tokens. This model has already been tested and proven. AI + blockchain is even more popular now—projects providing computing power and data labeling for AI training are raising funds one after another. There’s also RWA (real-world asset on-chain)—bringing real estate, bonds, and other traditional assets onto the chain for trading, offering stable returns. For those seeking steady investment, this is a good choice.

Old methods still work, but the barriers have changed. Doing DeFi liquidity mining or participating in new projects to earn rewards still has potential, but the required operational precision is increasing. However, there’s a hassle-free approach—holding $BTC and $ETH, staking directly, and earning staking interest that can surpass many bank savings products, with decent passive income.

**Why do some people still lose money in a bull market?**

To put it bluntly, the market has evolved into a game for professional institutions, making it much harder for amateurs to extract value. Many people's problems include:

Still buying meme coins and participating in scam projects. The market has long split into two worlds—the ecosystem of mainstream coins and that of altcoins is completely different.

The rhythm is always a beat behind. Getting shaken out during dips, chasing after highs during rallies—always buying at high prices.

Investing all their living expenses. A 10% dip can trigger panic, making it impossible to hold through volatility, let alone enjoy long-term gains.

**How to trade now?**

Honestly, the current market is one where professionals are extracting money from amateurs. The rules are more brutal than before. If you still want to participate, these tips might help:

Invest with spare money—don’t risk your entire wealth. Less financial pressure means a calmer mindset.

Spend time researching new sectors and projects. Don’t just watch K-line charts; understand the actual operation logic behind concepts like DePIN and RWA.

Be mentally prepared to hold for 2-3 years. Short-term volatility can be intense, but as long as the project survives, there are real long-term opportunities.

Diversify your holdings—don’t put all your chips into a single coin.

The crypto market offers as many opportunities as risks. The key difference is whether you truly understand what you’re investing in.