為什麼這些術語在加密航天中很重要

如果您是加密貨幣世界的新手或曾經是一名老式交易者，那麼很可能有人向您提到“牛市”或“熊市”。

In the dynamic realm of cryptocurrency, where prices exhibit persistent trends, two terms are frequently encountered: bull market and bear market. These terms, common in the world of stock trading, also hold relevance in the context of digital assets.

在加密貨幣的動態領域，價格表現出持續的趨勢，經常遇到兩個術語：牛市和熊市。這些術語在股票交易中常見，在數字資產的背景下也具有相關性。

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>如果您準備利用下一個公牛運行的加密貨幣或尋找可靠的多樣化方式，那麼最簡單的切入點之一就是通過安全的錢包。首先，您可以輕鬆購買Solana並將其安全存放在可靠的錢包中。

What Is a Bull Market?

什麼是牛市？

A bull market is characterized by a sustained increase in prices over several weeks or months. In the cryptocurrency domain, a bull market is evident when the charts display a predominance of green candles, the prevailing mood among traders is euphoric, and there is widespread discussion of new all-time highs.

牛市的特徵是幾週或幾個月內價格持續上漲。在加密貨幣域中，當圖表表現出綠色蠟燭的優勢時，牛市就很明顯，交易者的普遍情緒令人欣喜，並且對新歷史最高時期的高度進行了廣泛的討論。

This optimism is fueled by a combination of factors, including investor enthusiasm, positive news reports such as the approval of Bitcoin ETFs, substantial investments from institutions, and the burgeoning interest of retail traders.

包括投資者熱情，正面新聞報導，例如比特幣ETF的批准，機構的大量投資以及零售交易者興起的興趣，包括投資者熱情，諸如投資者的熱情，諸如投資者的熱情，包括投資者的熱情，包括投資者的熱情，促進了這種樂觀。

The period from late 2020 through 2021 witnessed an impressive bull run in the cryptocurrency market. Bitcoin experienced a remarkable surge from below $10,000 to highs above $60,000, while Ethereum followed a similar trajectory.

從2020年末到2021年的這段時期見證了加密貨幣市場上令人印象深刻的牛市。比特幣經歷了驚人的激增，從低於10,000美元到高於60,000美元的高價，而以太坊遵循類似的軌跡。

Furthermore, altcoins such as Litecoin, Solana, and Cardano witnessed explosive growth during this time. As prices soared to new peaks, the media spotlight shone brightly on the crypto space.

此外，在這段時間裡，萊特幣，索拉納和卡爾達諾等山寨幣目睹了爆炸性的增長。隨著價格飆升到新的山峰，媒體的聚光燈在加密貨幣空間上明亮地發光。

However, the flip side of this extreme bullishness is irrational exuberance. Traders may engage in risky behavior, such as buying an asset simply because others are doing so, giving rise to FOMO (fear of missing out).

但是，這種極端看漲的另一面是非理性的旺盛。交易者可能會從事風險行為，例如僅僅因為其他人正在這樣做，從而引起FOMO（擔心錯過）。

While it is relatively easy to generate profits in a bull run, it is also possible to lose money by chasing small pumps or entering positions too late.

雖然在公牛跑步中產生利潤相對容易，但也有可能通過追逐小型泵或進入位置太晚而虧本。

What Is a Bear Market?

什麼是熊市？

On the other hand, a bear market is defined by a consistent decrease in prices, which can span several months as the market trends downward. In this scenario, the tone shifts to fear as traders panic sell their positions, and activity in the market grinds to a halt.

另一方面，熊市的定義是價格持續下降的定義，這可能跨越幾個月，因為市場的趨勢下降。在這種情況下，隨著貿易商恐慌出售其位置，市場活動逐漸陷入困境，這種語氣轉變為恐懼。

Bear markets typically emerge following periods of rapid bull runs, which may become exhausted, or when significant events such as government regulation or macroeconomic trends exert pressure on the market.

熊市通常會在快速跑步時出現，這可能會筋疲力盡，或者當政府監管或宏觀經濟趨勢等重大事件在市場上施加壓力時。

The strong buying pressure that drove the bull run diminishes, and as prices decline, weak hands (those with small positions or low risk tolerance) are gradually flushed out of the market.

推動牛跑的強大購買壓力會減少，並且隨著價格下降，弱的手（較小的位置或低風險承受能力的人）逐漸衝出了市場。

Following the 2021 bull run, the cryptocurrency market entered a bear market that persisted through 2022 and 2023. During this time, Bitcoin dropped more than 70% from its all-time highs, and altcoins experienced even steeper declines.

在2021年公牛奔跑之後，加密貨幣市場進入了一個熊市，該市場一直持續到2022年和2023年。在此期間，比特幣從歷史上的高點下降了70％以上，而Altcoins的下降甚至更高。

With less media attention and fewer traders discussing the market, those who held on to their positions had to make critical decisions. Some capitulated and sold their coins in fear, while others, known as diamond hands, chose to remain committed to their investments.

由於媒體的關注較少，交易者討論市場的較少，因此堅持自己的職位的人必須做出關鍵決定。有些人在恐懼中屈服並出售了硬幣，而另一些人則被稱為Diamond Hands，選擇繼續致力於投資。

The key takeaway here is not to panic. A bear market is not the end; it is a reset that provides an opportunity for serious investors to accumulate their favorite coins at lower prices, learn about the fundamentals of crypto, and prepare for the next wave of the bull run.

這裡的關鍵要點不是驚慌。熊市不是終點。這是一個重置，為認真的投資者提供了一個以較低價格積累自己喜歡的硬幣，了解加密的基本原理並為下一波牛的準備。

How Bull Markets Affect Altcoins Like Litecoin

牛市如何影響萊特幣等山寨幣

Bull runs in the cryptocurrency market have a broad impact, affecting not only Bitcoin but also smaller altcoins. These coins, such as Litecoin, an older cryptocurrency renowned for its speed and reliability of processing transactions, tend to experience significant price surges during periods of market optimism.

公牛在加密貨幣市場上的運行產生了廣泛的影響，不僅影響比特幣，而且影響較小的山寨幣。這些硬幣，例如Litecoin，以其處理交易的速度和可靠性而聞名的較舊的加密貨幣，在市場樂觀期間傾向於經歷大幅價格飆升。

In past bull cycles, Litecoin has displayed a habit of surging rapidly in tandem with Bitcoin. Traders seeking diversification in their portfolios will typically include Litecoin in their baskets, and its liquidity makes it a preferred choice for those who want to move quickly when markets are rallying.

在過去的公牛週期中，萊特幣表現出一種與比特幣同時迅速飆升的習慣。在其投資組合中尋求多元化的交易者通常會在其籃子中包括萊特幣，並且其流動性使其成為那些想在市場集會時快速行動的人的首選選擇。

Therefore, if you are preparing to capitalize on the next bull run in the crypto market, it might be a wise move to accumulate a few select altcoins early in the cycle.

因此，如果您準備在加密市場上大寫，那麼在周期初期積累一些精選的山寨幣可能是明智的舉動。

A common strategy among those aiming to benefit from the broader market rally is to buy Litecoin early and hold it through the cycle. This approach allows traders to participate in the potential gains of one of the most popular altcoins.

旨在從更廣泛的市場集會中受益的人中的一個普遍策略是儘早購買萊特幣並在整個週期中持有。這種方法使交易者可以參與最受歡迎的山寨幣之一的潛在收益。

What to Do in Each Market

在每個市場上該怎麼辦

In the ever-changing landscape of the cryptocurrency market, staying informed and adaptable is crucial for success. Both bull and bear markets present distinct challenges and opportunities for traders.

在加密貨幣市場的不斷變化的景觀中，保持知情和適應能力對於成功至關重要。公牛和熊市都為交易者帶來了不同的挑戰和機遇。

During a bull run:

在公牛跑期間：

It is common knowledge that markets cycle between periods of rising prices (bull markets) and falling prices (bear markets).

眾所周知，市場價格上漲（牛市）和價格下跌（熊市）之間循環。

Both terms are used to describe trends that last for several months, in contrast to smaller market fluctuations known as 'corrections.'

這兩個術語都用於描述持續幾個月的趨勢，與稱為“校正”的較小市場波動相反。

These terms are most likely familiar to those who trade stocks, but they are equally applicable to the cryptocurrency market.

這些術語最有可能是交易股票的人，但它們同樣適用於加密貨幣市場。

The term 'bull market' is derived from the saying 'to sell the skin of the bear prematurely, and the term

“牛市”一詞源於俗語，“過早地出售熊的皮膚，該詞