When Donald Trump won, many people were optimistic about the prospects of the financial market and the cryptocurrency market. Immediately, the value of Bitcoin skyrocketed - an encouraging sign. However, surprisingly, only Bitcoin showed strong growth, while the entire altcoin market seemed to remain stagnant.
Why are altcoins not rising with Bitcoin?
In the past, whenever Bitcoin rose in price, altcoins would follow suit and attract a large number of investors, creating a wave of excitement. However, this time, that did not happen. Altcoins, which were already at rock bottom, did not bounce back and continued to sink into the doldrums. It is worth noting that most traders are now focusing on altcoins instead of Bitcoin, but it seems that the attention is still not enough to "pull" altcoins out of their "hibernation" state.
Is it a change in market sentiment? Or have investors simply lost faith in altcoins and are looking to Bitcoin as a safer asset?
ETF – Hope and Reality
When ETFs were mentioned, the market had high expectations for growth. The approval of Bitcoin ETFs was expected to open up a new capital flow, boosting the growth of the entire cryptocurrency market, creating a strong bullish wave. However, up to now, the market has not had many clear changes. The value of coins, especially altcoins, has remained mostly flat, not achieving the breakthrough growth that many people expected.
Low liquidity – Market barrier
There is a reality that is putting a lot of pressure on the cryptocurrency market today: liquidity is low. When liquidity is low, buying power is weak, and the market is prone to strong fluctuations even on small transactions. This makes many investors, especially new or low-capital investors, hesitant. They fear that every decision can lead to large losses. The lack of liquidity is not only a barrier for altcoins, but also slows the growth of the entire market.
Personal Strategy – Waiting for a Deep Dip
Despite the current gloomy situation, my plan remains the same – I am still waiting for the next “dump” of the market. I believe that if the market has a short-term recovery, it will create a FOMO (Fear of Missing Out) effect – the fear of missing out, causing many “young” investors to rush to buy. At that time, they – the “hamsters” – will become a source of abundant liquidity for larger players, and the market will easily adjust the price lower.
For me, investing is not about chasing emotions or trying to make a quick profit. One thing is for sure: the winner is not the smartest or the fastest, but the one who has the most patience and knows how to wait for the right moment.
Conclude
The cryptocurrency market is currently in a volatile and challenging period. While Bitcoin is showing signs of growth, altcoins are still stagnant, and ETFs have not really created the expected bounce. However, this is also the time for patient investors to wait for real opportunities. Will there be a strong wave of growth in the near future, or will the market fall further? It all depends on the patience and analytical ability of each investor.
