A few days ago, the altcoin market had a major pullback, and many friends who didn't defend and reduce their positions in advance panicked under the big drop, basically fleeing at the lowest point.
Before the big drop, I reduced my positions according to plan, but kept several strong assets: $LINK, $UNI, $AAVE, $DOGE, $SUI. Of course, I didn't touch my long-term positions: $BTC, $BNB, $SOL, and $ETH. Then I received some needles, and today I've basically made a lot.
I don't want to come out after the rebound and say I told you so; I just want to summarize the psychological state during these two or three days of flash crashes while the impression is still fresh.
Why are there some coins you can hold onto? While many people panic and liquidate?
1. After holding long-term, you have become accustomed to the volatility of these assets and firmly believe that time is on your side.
Except for SOL, I strongly favor and hold the major coins in this cycle, while the others have been held for over 5 years, often viewing gains and losses in terms of the asset itself. Short-term fluctuations of fiat currency don't affect my mentality much, and I firmly believe that fiat will continue to depreciate in the long run.
2. Have you grasped the logic behind the recent main upward wave?
$UNI, $AAVE, $LINK are backed by the logic of the US regulatory loosening and the renaissance of DEFI. For old money wanting to enter the market, beyond BTC and ETH, they will definitely want more assets with greater potential for appreciation. These are leaders in their respective fields and are most likely to benefit from compliance. For example, today the Trump family started purchasing these coins in large quantities, which is not surprising at all. More old money may follow suit.
$SUI and $DOGE are backed by strong whales. I can responsibly say that the whale behind $SUI is the most decisive and bold I have seen among large-cap tokens in this cycle, and they know how to make things happen. Many project parties are still curious about who is behind the operation, and which market maker is behind SUI.
Many things seem simple, but are actually not easy at all. The fact that SUI has reached its current state must involve masterful operations behind the scenes.
Doge is backed by Musk; I won't elaborate further. As long as he isn't taken down by Trump, Doge will always have high expectations.
3. Do you believe the bull market is still ongoing?
The pullback a few days ago was actually an early run on 'Christmas trading', plus the bulls were too reckless, giving the bears an opportunity to strike alongside market makers (withdrawing liquidity) for a harsh impact.
But actually, Christmas trading is just a small interlude. President Trump will only be inaugurated in January, and we won't see the speed of policy implementation until March. Whether the new token ETFs can pass and whether Bitcoin can be part of national reserves are still uncertain. Many favorable factors are hanging in the air; why be scared into liquidating by a mere interlude?
To summarize:
Beyond chasing various flying alphabets daily, everyone first needs to have a clear trading mainline and logic in mind.
What stage is the bull market at now? Which bags do I have that are sitting on the main narrative, and which are just riding the waves? How much profit do I hope to make from this wave of market? According to my plan, at what stage should I gradually take profits?
Only by clarifying these points can you avoid wasting your time and energy on the endless chase for Alpha every day. When the tide suddenly recedes, you panic and surrender at the slightest FUD.
The bull market is a great retreat, but don't abandon your armor and flee. Try to be the commander of your own assets, rather than just a soldier who listens to KOLs without independent thinking.
