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In a complete Bull Market, the coin price usually goes through the following stages:
Initial Rise: The price of the coin first increases by 3 to 5 times, followed by a possible pullback of 50% to 80%, and the price falls back to near the starting point of the first wave.
Main Rising Wave: After the initial adjustment, the price of the coin will start the main upward wave, which may increase by 5 to 20 times to reach the top of the Bull Market, after which the Bull Market will end, and the price of the currency may face a decline of up to 95%.
Many investors often underestimate their ability to choose coins, but overestimate their ability to hold coins. To gain a hundredfold coin, one must be prepared to withstand significant retracements and profit reversals, as well as the accompanying volatility and psychological pressure.
In summary, the fluctuations and adjustments in a bull market are inevitable. Successful investors need to have patience and psychological resilience in order to persevere and eventually achieve profitability in the market's ups and downs.