为什么这些术语在加密航天中很重要

如果您是加密货币世界的新手或曾经是一名老式交易者，那么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.

在加密货币的动态领域，价格表现出持续的趋势，经常遇到两个术语：牛市和熊市。这些术语在股票交易中常见，在数字资产的背景下也具有相关性。

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>如果您准备利用下一个公牛运行的加密货币或寻找可靠的多样化方式，那么最简单的切入点之一就是通过安全的钱包。首先，您可以轻松购买Solana并将其安全存放在可靠的钱包中。

What Is a Bull Market?

什么是牛市？

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.

牛市的特征是几周或几个月内价格持续上涨。在加密货币域中，当图表表现出绿色蜡烛的优势时，牛市就很明显，交易者的普遍情绪令人欣喜，并且对新历史最高时期的高度进行了广泛的讨论。

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.

包括投资者热情，正面新闻报道，例如比特币ETF的批准，机构的大量投资以及零售交易者兴起的兴趣，包括投资者热情，诸如投资者的热情，诸如投资者的热情，包括投资者的热情，包括投资者的热情，促进了这种乐观。

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.

从2020年末到2021年的这段时期见证了加密货币市场上令人印象深刻的牛市。比特币经历了惊人的激增，从低于10,000美元到高于60,000美元的高价，而以太坊遵循类似的轨迹。

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，在这段时间里，莱特币，索拉纳和卡尔达诺等山寨币目睹了爆炸性的增长。随着价格飙升到新的山峰，媒体的聚光灯在加密货币空间上明亮地发光。

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，这种极端看涨的另一面是非理性的旺盛。交易者可能会从事风险行为，例如仅仅因为其他人正在这样做，从而引起FOMO（担心错过）。

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.

虽然在公牛跑步中产生利润相对容易，但也有可能通过追逐小型泵或进入位置太晚而亏本。

What Is a Bear Market?

什么是熊市？

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，熊市的定义是价格持续下降的定义，这可能跨越几个月，因为市场的趋势下降。在这种情况下，随着贸易商恐慌出售其位置，市场活动逐渐陷入困境，这种语气转变为恐惧。

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.

熊市通常会在快速跑步时出现，这可能会筋疲力尽，或者当政府监管或宏观经济趋势等重大事件在市场上施加压力时。

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.

推动牛跑的强大购买压力会减少，并且随着价格下降，弱的手（较小的位置或低风险承受能力的人）逐渐冲出了市场。

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年公牛奔跑之后，加密货币市场进入了一个熊市，该市场一直持续到2022年和2023年。在此期间，比特币从历史上的高点下降了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.

由于媒体的关注较少，交易者讨论市场的较少，因此坚持自己的职位的人必须做出关键决定。有些人在恐惧中屈服并出售了硬币，而另一些人则被称为Diamond Hands，选择继续致力于投资。

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.

这里的关键要点不是惊慌。熊市不是终点。这是一个重置，为认真的投资者提供了一个以较低价格积累自己喜欢的硬币，了解加密的基本原理并为下一波牛的准备。

How Bull Markets Affect Altcoins Like Litecoin

牛市如何影响莱特币等山寨币

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.

公牛在加密货币市场上的运行产生了广泛的影响，不仅影响比特币，而且影响较小的山寨币。这些硬币，例如Litecoin，以其处理交易的速度和可靠性而闻名的较旧的加密货币，在市场乐观期间倾向于经历大幅价格飙升。

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.

在过去的公牛周期中，莱特币表现出一种与比特币同时迅速飙升的习惯。在其投资组合中寻求多元化的交易者通常会在其篮子中包括莱特币，并且其流动性使其成为那些想在市场集会时快速行动的人的首选选择。

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，如果您准备在加密市场上大写，那么在周期初期积累一些精选的山寨币可能是明智的举动。

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.

旨在从更广泛的市场集会中受益的人中的一个普遍策略是尽早购买莱特币并在整个周期中持有。这种方法使交易者可以参与最受欢迎的山寨币之一的潜在收益。

What to Do in Each Market

在每个市场上该怎么办

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.

在加密货币市场的不断变化的景观中，保持知情和适应能力对于成功至关重要。公牛和熊市都为交易者带来了不同的挑战和机遇。

During a bull run:

在公牛跑期间：

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

众所周知，市场价格上涨（牛市）和价格下跌（熊市）之间循环。

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

这两个术语都用于描述持续几个月的趋势，与称为“校正”的较小市场波动相反。

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

这些术语最有可能是交易股票的人，但它们同样适用于加密货币市场。

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

“牛市”一词源于俗语，“过早地出售熊的皮肤，该词