Many traders are overly focused on leveraging positions, eager to make unreal profits with the arrival of the bull market. However, the real focus should be on the spot market. In spot trading, even if prices fall by 20%, there's no risk of liquidation, and you can still buy the dip to increase your holdings.
While making quick gains in the futures market is tempting, spot trading offers a more stable and calm approach. You don't need to worry about short-term fluctuations and can build your position steadily over time.
For instance, Bitcoin recently pulled back to $49K, presenting an excellent buying opportunity for several altcoins. Despite the strong selling pressure across all markets last week—due to factors like the Japanese Yen, Jump Trading selling ETH, and concerns about the U.S. economy—the rise has only been delayed, not derailed.
Rather than seeing this delay as negative, view it as more time to continue buying. The altcoin market is starting to improve, with ETH/BTC showing strength, and ETH ETFs gaining attention. BTC dominance is at its peak, and the outlook is becoming increasingly optimistic.
So, don't get caught up in the futures market or, worse, sell your coins out of fear. Buy and hold, with a focus on the long-term target of 2025. Instead of watching the charts every minute, appreciate the low prices we still have and use this time to accumulate.
See you in the bull market of 2025!
#MtGoxJulyRepayments #BinanceTurns7 #BlackRockETHOptions #MarketDownturn #XRPVictory