Most new investors know about Crypto thanks to #BTC. (Bitcoin). And when BTC reaches 80-100k, there will be a series of new investors entering the market. People will see that BTC has increased too much and no longer has the opportunity to bring high profits.
From there, they will look for new opportunities called altcoins. But most of the good & cheap altcoins have been and will be launched in 2023, 2024. In 2025 when the market peaks, teachers will believe that there will be a super cycle, the uptrend can last until 2026, 2027 and the market will The market is just starting, F0 fomo new projects list when the uptrend peak, these projects are often pushed to the maximum according to the market rhythm. There will also be projects pushed late to create a continuing super-cycle fomo.
Guys, projects listed at the peak of the uptrend or coins that have grown strongly since the list was in the downtrend have a high rate of peaking. If you're lucky, you can get 1 or 2 push waves. If you're black, you won't be able to escape in time or will swing right at the top. At the end of the season, the ability for it to push one more beat to the ATH for you to return to shore is quite difficult, waiting until next season to return to shore is even more difficult. The hot trends of this season may not be hot again next season. So no matter how good a coin is, it will sometimes decrease and it is difficult to grow over time. If you should play altcoins, you must pay attention to the timing of the cycle. “Hold to target”, not “Hold to die”, guys. In addition, a new coin season explodes, bringing with it a series of scams such as multi-level interest payments, red and blue B.O... and many other forms, in general, in all shapes and sizes, all day long. Some new brothers, after losing a part in the market, if not careful, will be drawn back into junk projects with the desire to get rid of the trouble. Old friends will likely look to the future to quickly regain what they have lost. That was the beginning of a series of consecutive failures. Later, if the market suddenly drops during an uptrend, the account will be divided (negative capital, loss of interest). Then try to calm down and consider whether the market has reached its peak yet. If not, you can try to add a part, or all of it (depending on the time), or convert all altcoins to safe assets like $BTC, $ETH until the price recovers and then cash out. If you feel the market is really tight and cannot return to the previous price, don't hesitate to cut your losses. Accept a loss or a little less profit and see it as a lesson, at least you still have some capital left to do it again next season. You just need to remember a few basic things:
1. Only buy coins that are listed on large exchanges and have a large fund behind them. Some people like to buy coins before listing them, which is fine, but buy if you are confident enough in your ability to check coins. And you should only participate with a moderate amount of capital. - Do not participate in projects operating under a multi-level model. And if anyone has the goal of following the path of becoming a leader to humiliate their fellow countrymen, that's ok. If you do well, you will be extremely fat, if you are willing to trade your conscience, but the consequences are unpredictable...
2. Understand the cycle and valuation to find reasonable entry & exit points.
Of course, even if you buy a good coin at the wrong time, it is normal to lose money. For example, $BTC is a good coin, but if you buy it when it's priced at 69k in November 2021, you'll have to wait nearly 3 years to get it back. - That's with BTC, but other coins, even the top ones, are the same. Very few coins can return to the old peak, not every coin can be like SOL... Or for example, the new projects listed recently, the fomo guys bought them right when they were listed, buying the exact peak, regardless of the future. It is also possible to return to shore but the position is bad, affecting psychology and future profits.
- Or when you buy at a really cheap price, but buy it during the recession period, the coin splits by 5 and jumps in to buy, but maybe after buying it, it will split 10-20 again. That's normal, so you have to be "right coin, right price, right time" to have a chance to win. So that is the importance of “timing”. The time here is that after choosing a "genuine coin", buy it while the price is not high. That is, buy when there is a "downtrend", then sell "uptrend", that's all.
3. Don't use leverage: Future, Margin... are no different from holding a knife. Once the dealer holds the handle, just turning the knife slightly is enough to cut your hand. If you eat it 3 times, the 4th time will pay off. There is a funny story about two friends, one was long and the other was short. In the end, both of them lost, even worse than over/under. - Sticking to futures and margin, in the end, even if you win, in a moment, but it does not bring any sustainable value, even negative value, from time, health... In fact, there are still people making money, but most of them are large funds, not individuals. It's rare, you have to have experience + superior knowledge to be lucky, but to reach such a level is probably one in a thousand people, but it doesn't guarantee that they won't lose and lose everything at the last minute.
- Also limit borrowing for investment. It will greatly affect the psychology and many bad situations that occur will not be able to be managed in time. If you absolutely have to borrow, use that money to invest in safe coins like $BTC, $ETH, and make sure you have gone through at least one season and have enough control over the situation.
4. Hold patiently, constantly improve your investment knowledge, limit jumping around: in the process of holding coins, you cannot avoid the ups and downs of the market, achieving the above 3 factors but this does not work well. then throw it away. I bought a good coin, but when I saw it dropped a bit, I became feverish, jumped to another coin, and as soon as I bought a new coin, the old one just sold out and disappeared again. In a vicious circle like that, you accidentally get caught up in the creator's vortex, and by the end of the season, you're out of money.- Investing is difficult, but it really is difficult, because most people don't know how to do it, don't know how to shape a direction that suits their position. But it's easy to say, it's very easy, buying downtrend and then selling uptrend automatically wins, but few people can do it. That's because of lack of basic knowledge, too greedy mentality, sometimes hesitating, sometimes impatient, no opinion, can't stand losing money, lack of trust in the market... - There are unlucky people who bought into the downtrend but bought junk coins and multi-level coins because no one honestly told them. Then when I go online, I see people shilling for anything, seeing a post with a lot of likes and a channel with a lot of subs, it's probably a good bet. When I go out to eat, go out to restaurants, party, have luxury cars, I think it's terrible... not at all!- Traps are always set for fat chickens, so if you don't want to become prey, limiting the display of your wealth is also a way to avoid becoming the target of skilled hunters! If you have enough knowledge, enough range, and enough confidence that no one can trap you, then just show off freely. Like I also like to show off, but I don't have the money to show off, which makes me sad.- Just like that... a cycle of swinging at the top and losing money continues season after season. When the uptrend ends, some people leave, some stay. The person who leaves has 100% nothing, the person who stays and patiently waits for the next season may win or lose, but there will still be a % chance. If you are really serious and have the right mindset, the possibility of winning will be higher. is increased.
=> The bottom line is: Choose a good coin + a large exchange list + have a large fund behind it + find a reasonable entry/exit point. Cultivate knowledge, practice psychology to avoid swings, scams...- It sounds easy to say but more than 90% can't do it, don't know or don't understand, understand but don't believe, understand but are subjective, understand but are arrogant... many reasons. It will be easier and faster if you find a guide to show you the way, if you have this then you are lucky. If not, you have to do it yourself. It takes 12 years to study high school and 4 years to graduate from college, but it's not guaranteed to have a job. So for a once-in-a-hundred-year market, for an opportunity to change your position in life, don't hesitate to spend a few years learning. There are many ways to learn, ask friends around you, go to analytical reading groups, go to YouTube to watch basic videos, even taking a college course for a few hundred dollars to experience is not worth much.But you also need to be careful with the teachers, because most of the cheap & free courses are funnels, so be alert. Wishing you good health and keeping your money in the coming season!
