Overview of altcoins:
Market sentiment is still quite pessimistic recently, and the liquidity of funds is not high, especially the return effect of the altcoin market is very poor. This situation may be a signal to prepare for the next wave of market.
Only when the altcoin market becomes active again, the overall market will change. According to the law of the bull market, after the Bitcoin halving, it usually goes through a sideways period of 4-5 months. But I think the sideways period this time may not be that long. So, be patient and continue to hold, the second half of the market is coming.
We can clearly see that many altcoins have fallen into a stalemate, and even violent rebounds have occurred. Therefore, it can be expected that the time of shock bottoming will end soon.
At this stage, it may be difficult for people who hold coins to hold on. If you want to sell them at a low level, you might as well review the trend of altcoins in the first half of last year.
You will find that your current predicament may only take a few days to get rid of, and it may even double or even tenfold. However, before that, the most important thing is that you must stick to it and keep holding positions, otherwise when the real market comes, you may regret it because of insufficient positions or no positions!
In fact, when the altcoin season comes again, the project you have in your hands may become a ten-fold coin. Therefore, what we need to do now is to ambush as many projects as possible, diversify our holdings, and choose varieties with relatively low market capitalization but large growth space.
In the current cryptocurrency field, the decision of "buy" is more critical than "sell". The difference between this bull market and the previous ones is that those stories of blindly following the trend, buying at will, and then doubling or even 10,000 times are becoming less and less common.
The main reason is that now a large number of institutions have joined the market, and market makers have become more and more professional, no longer as simple and crude as before "market making = price manipulation". The competition difficulty of the entire industry has increased by a level.
In this case, choosing what to buy, where to buy, and which currencies to avoid is far more important than thinking about "how to sell". The cognitive ability of retail investors needs to be constantly updated, and the previous thinking patterns also need to be bravely broken and rebuilt.
For example, we used to focus on the circulating market value rather than the total market value. But if you think about it from another angle, if you are an investment institution, would you rather focus on the circulating market value or the total market value?
How will investment institutions price their assets? This is just an example, and we all need to re-examine and rebuild our logic.
