FOMO is more painful than being trapped, but patience is more valuable than impatience.

Recently, there's an interesting phenomenon: as the crypto market starts to heat up, many friends around me are beginning to feel anxious. After chatting, I realized—they see the market soaring wildly, but their own accounts remain stagnant or even in loss.

If you're experiencing this, don't rush to deny yourself. Based on years of observation, this is not only normal but also, to some extent, the healthiest sign at the beginning of a bull market. What you should be wary of is that relaxed state of everyone making easy money—usually, that means the market is nearing the end.

Why does this happen? We need to first understand the "annoying" nature of the early bull market.

**Market rotation is so fast it’s dizzying**

You’ll see a certain sector surge by 20% today, only to switch to another leader tomorrow. If you keep chasing hot spots, the most common result is: funds enter the market, get absorbed by institutions, and then get trapped at the mid-level. This game of chasing gains and selling declines is easiest for beginners to fall into.

**Market fluctuations test your psychology**

In the early stages of a bull market, it’s rarely a smooth upward climb. Most of the time, it’s a rhythm of "enter two, retreat one" or "enter three, retreat two." Every time there’s a pullback, people ask themselves: Has the bull market really arrived? When the mental defense weakens, they quickly lock in small profits at the first sign of gains. And then? The price turns around and multiplies several times.

**Lack of confidence leads to hesitation**

People who have experienced a bear market tend to be overly cautious. Any rebound in the early market makes them alert. Slight profits make them want to lock in gains, fearing that the hard-earned money might depreciate again. While this mindset is understandable, it’s precisely the main reason for missing out on big opportunities.

**So, what should you do?**

The core logic is actually simple: stop chasing hot spots, return to fundamentals. Find a few directions and coins you truly believe in, establish a reasonable position, and then hold patiently. Don’t always think you need to participate in every wave, nor get caught up in short-term rises and falls.

Remember, true wealth is accumulated when others are in despair. The anxiety at the beginning of a bull market is actually the best time for you to adjust your mindset and develop patience.