I discovered that understanding the market and actually making money in the market are completely two different systems—

Many people are extremely bullish on a coin, but they insist on waiting for the most comfortable entry point:

BTC goes from 60k to 70k, and they say wait for a pullback;
70k to 80k, they say wait for panic wicks;
80k to 90k, they say it's already rallied too much;
Above 90k they start researching whether it's topped out and about to crash.

Finally it does dip, and suddenly there's an onslaught of macro crises, miner selling, ETF outflows, whale dumps, US elections, interest rate uncertainty—sure enough, they still don't dare buy.

Anyway, they'll always find a new reason not to buy, a new "let's wait a bit longer" excuse in the market!

They spend all day analyzing real estate prices, US stocks, gold, Bitcoin, AI, consumer upgrades, demographic structures—they can talk about everything. But the moment you mention adding positions, it's "let's wait."

Dammit, by the time you see eight straight up days, all you can think about is slapping yourself in regret:

What the hell was I waiting for? Is there really that much difference between 6k and 6.5k? Why didn't I just go all in?

This is also why many people become especially miserable after a bull market ends—

After 2016, plenty of people understood BTC,
After 2020, plenty of people understood the institutional trend,
After 2023, plenty of people understood how ETFs would reshape capital flows.

But the ones who actually captured significant profits in the end? Always a minority.