Buy when no one cares, sell when the crowd is noisy. This is the best way for ordinary retail investors to make money, bar none.
The strategy I adopt is: swap altcoins for Bitcoin at high altitudes, and then wait for their pullback to significantly exceed Bitcoin before swapping back, making a profit on the exchange rate difference, with the possibility of changing the holding currency in between.
What are the benefits of doing this?
On one hand, during a bull market, do not easily exit, but instead carry out asset swaps, optimize allocation, and focus on exchange rate operations;
On the other hand, from a psychological perspective:
When holding Bitcoin (the big coin), by observing the price fluctuations of Bitcoin and scanning the altcoin market, one can roughly understand the current overall market state.
If holding spot assets, then all strategies should revolve around how to buy the dip and how to manage the exchange rate relationship between Bitcoin and altcoins, rather than focusing on contract trading, especially short selling.
Imagine if you perfectly liquidated your Bitcoin and altcoins at a price above 100,000, have you bought the dip now? Will your overall sensitivity to the market, especially your psychological feel for the market, be the same as when you held assets?
Everyone's trading strategy is different; as the saying goes, any strategy that makes money is a good strategy.
