Cryptocurrency Investment Strategy: Strategies for Bitcoin and Altcoins
Friends 😫, this market really makes many people feel uneasy.
For those holding Bitcoin (BTC), aren't you feeling particularly conflicted?
You're worried that if you don't sell, the price will ride a roller coaster, going up and then down, leaving you with nothing;
But if you sell, you're afraid it will soar and you'll miss out completely, unable to buy back in again.
And for those holding altcoins, it's even worse.
Right now, this market is like a personal showcase for Bitcoin, and altcoins have completely fallen silent.
Not only have you not made money, but if you take a look at your balance, good grief, you might even be down 30% - 40%. What to do?
Let's first talk about Bitcoin. As the leader of the industry, Bitcoin definitely won't engage in sudden spikes forming an A-shaped top, followed by an immediate crash.
It will either behave like gold, gradually decreasing the circulation in exchanges with ETF adoption, while also being used as collateral in traditional finance and the real economy, then steadily rising like a bulldozer, showing a long-term bullish trend;
Or, it might form a big M top like in previous bull markets.
In this bull market, don't easily call a top, and don't easily short; we might not be able to sell at the peak, but finding a right shoulder at a slightly lower position to sell is definitely a good move.
Next, let's talk about altcoins.
I really don't know when altcoins' bull market will start.
I only know that entering when Bitcoin is soaring alone and altcoins are flat is definitely much better than a few days ago when everyone was excited and madly buying altcoins. Official WeChat account: Yunzi Community, no waste skirt
A better buying opportunity might be when Bitcoin is correcting, but altcoins are not following the drop. However, this kind of opportunity requires sufficient patience and courage to seize. Once you catch it, there will definitely be rich rewards waiting for us.
To summarize:
Don't rush to sell Bitcoin. Now is the second-best time to buy altcoins. The best time to buy altcoins is when Bitcoin is correcting, and altcoins are not dropping.
