Can altcoins still be played?
Some people assert: "There will never be another altcoin season." This statement is heard every time altcoins plummet, but the altcoin season still arrives as expected, marking the critical point when the bull market turns to a bubble.
In each round of the bull market cycle, the first to emerge are large-cap coins such as Bitcoin and Ethereum, followed by platform coins. New concepts and narratives gradually replace the old ones. At present, the new narrative has not yet clearly emerged, but it will definitely surface in the later stage of the bull market. It is worth noting that this is by no means the previous concepts such as DEFI, Tugoucoin or Metaverse.
Until the bull market is nearing its end, the old altcoins and currencies will begin their performance. In the final stage of the bull market, which may only be one or two months, these old altcoins will quickly soar several times and reach their peak, and then the bear market will come, and the market will be in a mess...
Given that Binance Coin has successfully broken through a new high, is it still worth investing in altcoins?
My point is that it is indeed worth considering, but the key lies in "position control." Investors should invest with a fixed position ratio.
Currently, Bitcoin has fallen by 12% and Ethereum has fallen by 14%. The decline of altcoins has generally reached about 50%. After many people made profits on Bitcoin and Ethereum, they believed that Bitcoin had broken through its historical highs and the spring of altcoins was coming. In pursuit of higher returns, they exchanged their coins for altcoins. However, the result is often a significant reduction in profits and even losses in principal.
Altcoins do have investment value, but investors should always keep this principle in mind: "Small positions, fixed ratios, and never take risks with heavy positions." Use small positions to gain possible huge returns, but at the same time ensure that losses are within a controllable range!
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