In the impoverished mountainous area, I turned a principal of 3000 into 500,000!
Recently, profits have halved, most of the gains came from altcoins.
Fortunately, I cut losses early; otherwise, I would have lost all my profits and a significant amount of my principal.
I started with Ethereum at 2300 and reminded to clear out everything around 4000; altcoins have mostly returned to my entry price, so overall, I am still in profit since the prices have come back.
I remind everyone to play altcoins less, as the volatility is too high. If you seize 10 profitable opportunities, just one or two losses can wipe out your profits; three or four can lead to losses that exceed your principal!
In this market, if you want to get rich, you can play with altcoins, but be prepared to lose everything.
If you want stable returns, then BTC, ETH, and BNB are your best choices! The market is not about how much you can earn, but about who can survive the longest. Of course, if you have speculated and earned from altcoins once, which gave you financial freedom, it’s better not to pay attention to altcoins anymore. Because in the end, most people will lose back both their profits and principal!
In the future, I will only trade ETH or BNB; I will not focus on other cryptocurrencies.
The bigger the storm, the more expensive the fish. Not wanting to find yourself without any position when the bull market comes is truly tragic!
Sometimes, choice is greater than effort!
