Current investment strategies in the cryptocurrency circle

Key points: From now on, give up the idea of ​​hoarding coins

Currently, the price of Bitcoin is $65,000. Even if the price doubles several times, it is difficult to achieve wealth freedom. The risk of hoarding altcoins is even greater. Almost all the new coins launched on Binance this year have fallen by more than 50% from their highest point, and the lowest has also fallen by 20%. Investors need to be cautious and be vigilant against market fluctuations.

In the cryptocurrency circle in 2024, altcoins performed poorly. Although Bitcoin has risen from $30,000 to $70,000, the increase in many altcoins is far less than that of Bitcoin. Therefore, if you still insist on hoarding coins, it will definitely not work. The era of hoarding coins to get rich in the cryptocurrency circle is a thing of the past. Now you have to seize the hot spots to make more money.

Of course, if you come to the cryptocurrency circle just for simple financial management and don't pursue getting rich, it is still a wise choice to invest in Bitcoin.