Legendary Analyst il Capo Reveals Why Most People Lose on Altcoins
Famous cryptocurrency analyst il Capo of Crypto recently shared his views on the current state of the market, emphasizing that strategy and patience are important during periods of low volatility.
In his detailed explanation, he explained that market movements, especially in altcoins, are usually gradual and driven by emotions such as Fear of Missing Out (FOMO).
“When a bullish wave occurs in the market, especially in altcoins, it usually happens gradually,” il Capo of Crypto said, adding: “Sometimes, certain coins within an ecosystem start pumping aggressively, while others remain flat or pull back. It is common for people to start moving their funds from one coin to another. This usually happens because of one main emotion: FOMO. When you see that many coins are going up but your coin is not, you start moving your funds to coins that are going up.”
He drew attention to the well-known scenario where investors switch coins at the wrong time; They sell the coin they are holding just before it starts to rise and buy another coin just when it starts to recover. To avoid this trap, Il Capo of Crypto said that a well-thought-out action plan is needed.
In addition, he stated:
“If you manage to time the market well and get exposed when a bullish wave or altcoin season starts, the best approach is to build a solid portfolio that suits your capital, risk tolerance and market understanding.”
He argued that it is beneficial to build a diversified portfolio that includes large-cap cryptocurrencies, mid-cap cryptocurrencies and small-cap cryptocurrencies from different ecosystems.