You didn't buy during the bear market
When will you buy?
Buy only when it reaches the peak FOMO?
After the U.S. Federal Reserve's interest rate decision was announced at 3 AM today, Bitcoin began to enter a downward trend, plummeting from a high of $104,800 to a low of $100,303, with a short-term drop of up to 4.3%. As of the time of writing, it is reported at $100,900, with a near 24-hour drop of 4.84%.
Ethereum spikes to $3650
Ethereum also experienced a drop after the interest rate decision was announced, falling from a high of $3907 to a low of $3650, with a short-term drop of 6.6%. As of the time of writing, the price is $3681.05, having dropped 6.14% in the last 24 hours.
In the last 24 hours, $702 million was liquidated
On the other hand, according to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency network reached $702 million, with long positions liquidated at $608 million being the majority, and short positions liquidated at $93.57 million, with over 25,300 people liquidated.
Choosing the right valuable coins at this stage will prepare you for next year's explosive growth!
Are you feeling confused about the current market? Seeing everyone in the market criticizing altcoins!
Looking back at the market from October 2023 to March 2024, the main theme of this market is the surge of Bitcoin.
Will there be an altcoin season? When will it come?
I believe there will be. Everything can change, but human nature remains the same; the altcoin season is human nature.
Since entering the market in 2016, many coins have tried to replace Ethereum as the second-largest, but they have all been fleeting. Ethereum's DeFi applications, lending, and decentralized exchanges are all based on the Ethereum chain, and global consensus is there. Its position cannot be easily shaken. Moreover, Ethereum ETFs have been continuously bought by Americans, accumulating a large base of chips. It cannot always fall; everyone should not panic.
I know you are panicking, but please do not panic
The big is coming
From the current performance, the altcoin sector is still mainly rotating, and before the market sentiment explodes, it will likely remain rotation-focused (the strategy corresponding to this statement is: if you are skilled, time your trades; if not, hold onto the altcoins you believe are great and wait patiently. If they rise, you are great; if they don't, you must accept it). Stay calm, be very calm! Waiting for the explosion!
We need to focus on strategy, not predictions:
When the overall trend does not change, and the correction of the coins you are optimistic about is sufficient, that is when we need to act. Execution is difficult, but often the more challenging part is patience.
Don't panic, brothers. Hold onto valuable coins, and every time there is a drop, bravely seek out valuable coins, then firmly hold onto them and don't get shaken out!
Remember that every drop now is for a better rise in the future; choosing the right targets is more important than anything!
In the circle of Ruyu, it has always been emphasized not to go all-in; leave some USDT! (Including what has been repeatedly said: for those who like to play long-term, you should have at least three layers of BTC)
The most common scenario is: I say to buy the same amount of each coin; do not buy one a lot and another a little. Diversify your investments for safety! But most people's operations are like this: I've recently recommended so many that are all profitable; the profits from diversifying are too little. No, I want to go all-in, I want to heavily invest!
Investment is fundamentally about position, algorithms, and strategy! Once you get addicted to all-in, you are not far from losing money!
Another scenario is: the short-term and long-term coins I recommended are always profitable, but if you play with other coins and lose, this is also common. This is understandable because I don't recommend many coins, and many people get addicted to trading, so they will keep looking for coins to trade.