Let's talk about the view that in the crypto world, Spot cannot be held and most alts in this bull run only have a 2-3 times increase.
Recently, I said that in the crypto world, you can't just hold Spot; a bunch of people criticized me. I said that altcoins might see a 2-3x increase in this bull run, and a bunch of people criticized me, saying that a few times isn't a bull run. I originally wanted to discuss the theory, but then I thought better of it; good words are hard to convince the dead ghost. So I ask you, in this bull run, are those holding alts making more money or those who have been on a rollercoaster? And you still use the experiences from the last two rounds in this round; you won't lose your life. In an industry, where there is a period of dividends, there will also be a saturation period, and this is inevitable. On the other hand, every round of bulls and bears of BTC can also be clearly seen. BTC 17-year bull market, with a high of 19k, after the bear reached 3k, the 20-year bull market opened, and the 21st reached a climax of 69k, more than 20 times from the bottom of the bear market, and about 3.6 times from the last round high of 19k. Looking at this round again, if 15k is the low point of the bear market, the high point of the bull market is generally seen at 130k-150k, which is more than 10 times from the bottom of the bear, and more than 2 times from the high point of 69k in the last round. And what about the next round? The specific point increase is unknown, but the increase is lower than this round is a high probability event, the same reason for copycats, 17 years of bull market 100 times coins can be seen everywhere, 10 times the currency is as much as a cow's hair, 21 years of bull market 100 times the currency is relatively few, 10 times the currency is more common, then this round of bull market, excellent cottages rose 10 times, garbage cottages rose 2~3 times is more reasonable, most of the leeks on the market are likely to buy garbage cottages, so I said that the next bull market cottage can rise 2~3 times is there a problem? Entering the crypto world, first abandon the idea of getting rich overnight and accept your own ordinariness. This may make you feel embarrassed, after all, nine out of ten people who are new to the crypto world often think they are trading geniuses among thousands. After suffering many losses and losing a lot of money, you'll understand: before entering the circle, everyone says making money in the crypto world is as easy as drinking water, but unexpectedly, losing money is as natural as breathing. Compared to all the "hype" in a bull run, I think the most damaging thing for retail investors is still: not knowing how to sell, or when Bitcoin hits 100k or 120k, a bunch of people jump out to see the ones at 200k or 300k, and the entire network FOMO, with the rhetoric of "eternal bull market" making a comeback. After the hustle and bustle, dust returns to dust, earth returns to earth. Remember my two points: in the crypto world, you can't just hold spot coins, and don't expect altcoins to rise 5 or 10 times; a 2 to 3 times return is a good profit-taking target.
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Let's talk about the view that in the crypto world, Spot cannot be held and most alts in this bull run only have a 2-3 times increase.
Recently, I said that in the crypto world, you can't just hold Spot; a bunch of people criticized me. I said that altcoins might see a 2-3x increase in this bull run, and a bunch of people criticized me, saying that a few times isn't a bull run. I originally wanted to discuss the theory, but then I thought better of it; good words are hard to convince the dead ghost. So I ask you, in this bull run, are those holding alts making more money or those who have been on a rollercoaster? And you still use the experiences from the last two rounds in this round; you won't lose your life.
In an industry, where there is a period of dividends, there will also be a saturation period, and this is inevitable.
On the other hand, every round of bulls and bears of BTC can also be clearly seen. BTC 17-year bull market, with a high of 19k, after the bear reached 3k, the 20-year bull market opened, and the 21st reached a climax of 69k, more than 20 times from the bottom of the bear market, and about 3.6 times from the last round high of 19k. Looking at this round again, if 15k is the low point of the bear market, the high point of the bull market is generally seen at 130k-150k, which is more than 10 times from the bottom of the bear, and more than 2 times from the high point of 69k in the last round. And what about the next round? The specific point increase is unknown, but the increase is lower than this round is a high probability event, the same reason for copycats, 17 years of bull market 100 times coins can be seen everywhere, 10 times the currency is as much as a cow's hair, 21 years of bull market 100 times the currency is relatively few, 10 times the currency is more common, then this round of bull market, excellent cottages rose 10 times, garbage cottages rose 2~3 times is more reasonable, most of the leeks on the market are likely to buy garbage cottages, so I said that the next bull market cottage can rise 2~3 times is there a problem?
Entering the crypto world, first abandon the idea of getting rich overnight and accept your own ordinariness. This may make you feel embarrassed, after all, nine out of ten people who are new to the crypto world often think they are trading geniuses among thousands. After suffering many losses and losing a lot of money, you'll understand: before entering the circle, everyone says making money in the crypto world is as easy as drinking water, but unexpectedly, losing money is as natural as breathing.
Compared to all the "hype" in a bull run, I think the most damaging thing for retail investors is still: not knowing how to sell, or when Bitcoin hits 100k or 120k, a bunch of people jump out to see the ones at 200k or 300k, and the entire network FOMO, with the rhetoric of "eternal bull market" making a comeback.
After the hustle and bustle, dust returns to dust, earth returns to earth.
Remember my two points: in the crypto world, you can't just hold spot coins, and don't expect altcoins to rise 5 or 10 times; a 2 to 3 times return is a good profit-taking target.