Xiao Miao asked a question today: "Which coin do you regret buying the most in this bull market?"

The answers are almost the same. Those who bought altcoins regretted it.

Whether it is the old coins of the last bull market: UNI, DOT, DOGE, or the new coins of this bull market: ORDI, BB, WLD, almost no one made money. The coins bought have been falling and plummeting for a long time, endlessly.

There are too many new coins in the market, just like the A-share market, which are all projects that raise money as soon as they are listed. Most of the funds are concentrated in a few high-quality projects, causing the prices of a few coins to rise higher and higher, while junk coins are ignored unless the market is completely dominated by greed and loses rationality.

It's not that altcoins have no opportunities, but when the market sentiment is not extremely greedy, altcoins have no opportunities.

For example: the greed index reaches extreme greed (above 80). All large-cap coins have set historical highs. The proportion of the top five coins by market value has fallen sharply.

Currently, the top five coins by market value account for more than 80% of the total market value. Most altcoins account for less than 20% of the market value.

In the late stage of the bull market, altcoins will soar together, grabbing market value for a short period of time, and trapping batches of retail investors. This is the law of the bull-bear cycle transition.

When market sentiment is not extremely greedy, altcoins have no chance. But now, the altcoin season is still far away. Keep waiting!

Wait and wait

#牛市启动