Bottom-fishing and takeover
In the world of the cryptocurrency world, bottom-fishing and takeover are two common terms that represent different investment strategies and risks.
Bottom-fishing means seizing the opportunity at the bottom of the cryptocurrency world and buying the currency at a low price, expecting the price of the currency to rise. This requires investors to have keen market insight and accurate judgment. The temptation of bottom-fishing is the possibility of making huge profits, but it also comes with risks. The bottom of the market is not always so easy to judge. Sometimes the so-called "bottom" may be just a temporary correction, and the price of the currency may continue to fall.
Takeover means buying a coin at a higher price after the price of the coin has risen for a period of time. In this case, the leeks may think that the price of the coin has the potential to rise further, or believe that the fundamentals of the project are good. However, there are also risks in taking over, because the price of the coin may have been overvalued, or the market trend may change, causing the price to fall.
Therefore, before buying a coin, you should first consider whether placing an order at this time is bottom-fishing or taking over.
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