Recently I found that many people are still playing with copycat coins, and many of them are even some garbage coins that no one has ever heard of.
1. If you are a long-term investor, no matter how small or large the amount of funds is, please buy BTC/ETH first for larger positions, followed by BNB/SOL. If you can bear the risk of the last small amount of funds, then consider buying high-quality altcoins.
2. Most of the altcoins were launched in October 2023. In this round of callback, choose from the popular coins in the high-quality track that are more resistant to decline, such as meme in the BTC ecosystem, meme in the SOL ecosystem, etc.
3. Never touch the products of the "old era", such as LTC/BCH/ETC/EOS/XRP, etc. Try not to buy altcoins in the "old mainstream currency" defi track, and try not to buy "VC coins"!
The first category belongs to the popular stories in the previous bull and bear markets. Even if there are positive news, they have long been out of the mainstream capital's sight. The opportunity cost and time cost are very high. If you buy them, you will be trapped in this life.
The second category belongs to the popular track in the previous round. Although there are still copycats with good fundamentals in the ETH defi track, the narrative and heat of this bull market are not here. The expected returns are greatly reduced, and it also tests the ability to pick coins. It is recommended that ordinary people give up.
The third category is the new concept of "VC coin" in this round. Let me tell you a reality. Almost all VC coins in this round have fallen by -90%+. Most of the VC coins can no longer refresh their historical highs. Who will take over the super high chips to be released? Will you? Relying on those powerful VCs to pull a few awesome VC coins, don't challenge your own ability. You can only follow the general trend and drink soup. Give up.
4. Just like the last bull market, the first round of DeFi began in 2019, with only a few altcoins with strong fundamentals, and the summer of DeFi appeared in 2020, because the new infrastructure, whether it is consensus or technology, takes time, and this round is undoubtedly the BTC ecosystem; it is just a matter of time.
5. Look for coins that are very resistant to falling in this round of altcoin callback cycle, and blacklist those altcoins that have fallen to October 2023, not to mention those that have fallen below. Just like ordi in the BTC ecosystem, the low price after listing on the mainstream exchange has increased by nearly 10 times, just like RNDR in the AI track has increased by nearly 3 times, and FET has increased by nearly 5 times.
6. Some people think that the bull market has entered the mid-term stage, some say that the bull market has entered the final stage, and some say that the bull market has ended. No matter which stage it is, you must remember that the growth cycle of altcoins is very short. If you find that the entire market is as hot as after October 2023, when this growth cycle has gone for 2 months, please resolutely withdraw the principal! After it has gone for 3 months, please clear most of the positions, just like the shock cycle of Bitcoin after December 2023 and March 2024, the adjustment of altcoins is even more terrible! There are many opportunities to get on the train, but if you are trapped, it is easy to cut in half. Always control your greedy heart, and only when you withdraw the money can it become a real profit. If you want to know specific opportunities and specific decisions, see the main leaf.
Finally, I suggest that you don’t lose confidence in the future. Each round of bull market has its own state and rhythm. It’s just that the market is changing with the continuous changes in the participating groups. Obviously, this round is more professional, in-depth, and difficult to play. If you want to make money, you have to constantly learn, iterate, adjust your thinking and ideas, and adapt to the state and rules of the market! Come on, recharge your faith for everyone who is trying to get ashore or wants to get rich.
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