A brief talk about bottom fishing
The one who sells is the master, and the one who buys is the apprentice. I will start thinking from the role of the apprentice.
Basically, there are two extreme situations for bottom fishing opportunities. The first is the black swan, and the second is the continued sluggish trading volume.
1️⃣Black Swan
The black swan is the best bottom fishing opportunity. Other people's toads want to eat swan meat, our goal is - "toads want to eat black swan meat
2️⃣ Trading volume and volatility
Compared with black swans, this bottom-fishing situation is not very obvious. Like around September last year, the trading volume of the entire crypto market was very sluggish.
At that time, in addition to the sluggish trading volume, the price fluctuations were also very small. BTC fluctuated very little from August to October, and other altcoins (excluding local dogs) did not fluctuate much either.
This article discusses the overall market, not a specific coin. Which specific coins can be bought when it is a black swan or no one is interested, but also combined with fundamental analysis. Focus on analyzing token release and FDV.
❚ Batch bottom-fishing
Although it is said that toads want to eat black swan meat, there may be more than one black swan in a round of market. In 2022, it includes the collapse of Luna, the bankruptcy of Three Arrows, and the bankruptcy of FTX.
Any desperate behavior is a gamble. Batch bottom-fishing is a more greedy and more interesting way to buy than fixed investment.