Many retail investors' key to making money often isn't during the hype phase, but rather during the period when the bubble has completely burst.

Think back to the end of 2018—the price of Bitcoin dropped from a high to $3,200, and the entire community was filled with the narrative "Blockchain is a scam." Project teams started transferring their shells, exchanges were conducting large-scale layoffs, and even market makers began losing money. At that time, no one dared to say they were optimistic, and only a few spoke out.

The same applies to 2022. After the LUNA crash, the market fell into a prolonged lull. Pessimism was overwhelming, as if the entire industry was doomed. But upon closer reflection, this is precisely the most brutal and practical moment to bottom fish.

Based on these patterns, retail investors can actually try this approach: start dollar-cost averaging and accumulating positions at the tail end of the bubble's destruction phase. When the market begins to recover and the capital effect starts to show, moderately increase your holdings. Before retail investors flood in, gradually realize profits. It sounds simple, but sticking to it requires enough psychological resilience.