I have 20,000 yuan in my hand. How should I operate if I want to enter the cryptocurrency circle?
ETH is deployed with a large position. As the king of altcoins, Ethereum has stronger profitability than Bitcoin and higher security than altcoins. It has a strong market consensus, which means sufficient liquidity. Buying in the right position will have considerable returns. After the 2.0 upgrade, it has entered deflation and there is more room for future growth.
BTC is the first choice for large capital allocation. It has the strongest consensus in the cryptocurrency circle, the highest certainty, and the lowest risk. Bitcoin will not let anyone down. BTC is the first to pull up the market when the bull market starts. For the coin hoarders and fixed investment parties, Bitcoin is also a good choice.
3. A part of the position is configured with high-quality altcoins, which need to be the leader of the hot track and can be optimistic in the long run, ignoring short-term fluctuations. I have always paid more attention to the hot sectors: A1, Web3, L2, chain games, metaverse, NFT, social, RWA, decentralized concepts, new public chains, BTC ecology, pledge, MEME.
4. Learn to accept the "three new" I mentioned before: new projects, new narratives, and new concepts. Most of the old altcoins that have been hyped up in the bull market in previous years will become the dust of history and be gradually abandoned by the crypto market, such as BCH, DOT, ADA, TRX, EOS, etc.
5. As long as the direction of currency selection is correct and the entry point is appropriate, it is not difficult to make more than ten times the profit at the top of the bull market.
