What to do in the current #altcoin market?
2 obvious options:
- Start buying back the bottom of coins that have fallen 97% or more (better entry, more risk)
- Wait for an uptrend (worse entry, less risk).
In both cases you will have to be patient.
The worst variant is to hustle, often open and close trades on emotions and lose 5-10% when the #market is just crawling in boring sideways and nothing special happens.
But it is possible to take 5-10% and not to lose?
In theory, yes, but in practice it often happens like this:
- you buy a coin at the bottom and wait for it to grow several times.
- the coin grows by 5-10%, but you don't sell it ("the Xs are ahead, it's too early to take profit").
- the coin returns to the entry point
- the deal goes down by 5-10%
- you sell on emotions ("it looks like the bottom is not passed, there is still a strong fall ahead")
- the coin returns to your entry point.
And this can be repeated many times on emotions and fear until you lose most of your deposit. And in a month the coins will cost exactly as much as they cost six months ago. But the money is lost.
Vanity eats up everything without a trace if it is not stopped.