📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
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📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
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📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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Today Bitcoin broke its historical high of 116,800. Let's talk about my views on the alt season. Is there still a chance for this bull run?
In this cycle, many people are discussing the topic of alt season. Some say that alt season will come again, while others say there will be no more alt season. I will state my conclusion: the outbreak of alt season will come again, for the following reasons:
1. Anti-humanity: The advantage of retail investors is their ability to summarize, but their disadvantage is also their ability to summarize. During the bull run in 2017, Bitcoin and altcoins soared together, and then the bear market in 2018 came, with altcoins collectively going to zero. Although Bitcoin experienced a significant drop, it was obviously much milder compared to altcoins. Thus, everyone remembered this lesson and started buying BTC heavily in the subsequent bear market. Then in the bull run of 2021, altcoins exploded. As long as one held on until the end, the returns were several times or even dozens of times. The increase in Bitcoin compared to altcoins was negligible, and many Bitcoin holders missed out on this great bull market. After this market trend, everyone started summarizing again, stating that in the next cycle, they would buy altcoins in advance and be diamond hands. Now we have entered this cycle, with a BTC bull run and an altcoin bear market, which has continued until now, resulting in a phenomenon of coexistence of bull and bear markets. When the next cycle comes, retail investors will summarize again, and by then, they will hoard large amounts of BTC. Once the altcoin market becomes vacant, it will be easy to pump it up and prosper.
2. Project Operation: Always remember one thing, capitalists do not do charity. The money invested will eventually be recovered with interest. After the wave of 24 and 25 years, altcoins collectively reached zero, and retail investors have basically exited. Now, the chips in the market's altcoin projects have mostly been reclaimed by the project parties. The project parties now have enough cheap chips, making it easy to operate and control the market later on. With just over a hundred thousand dollars, they can create a market value of tens of millions. Once the collective pump starts, the market's enthusiasm will be ignited immediately, and everyone will blindly chase the rise. Chasing highs and selling lows is a common trait of retail investors.
4. To summarize, a more violent bull run during the alt season will come again, and it will be very crazy. In other words, the alt season bull market will continue to exist as long as the crypto industry is still here. The recent altcoin bull, if it doesn't come in the second half of the year, will definitely come in the next cycle.