Except for BTC, the rest of the currency circle is basically empty. It is nothing more than a matter of returning to zero in order. This is especially true for nameless copycats and local dogs. If you understand the underlying logic of the jungle law of the currency circle, you should know the importance of BTC, and you will know what you should do in the currency circle!
Usually, the copycats in the last bull market, even if they are the most popular coins at the moment, such as SAND and MANA in the last round; or the popular sector XXX in this round (from the high point, they have fallen by more than 70%, and their project parties are not yet dare to show up, so I won’t give examples, and you can find a lot of them yourself), these will eventually not escape the fate of returning to zero.
The reason for returning to zero is very simple, which is the cost issue: how much money does it cost to send a coin to find a big V to CX; but it takes more money to clean up an old coin. It is better to pay some currency fees directly, and then find a few big Vs to promote it, and let the leeks rush.
So after a bull-bear cycle switches, when it falls back to the bottom, I personally only recommend buying BTC first. My personal commonly used methods are as follows:
1. Big cycle bottom-fishing: The reason why I suggested bottom-fishing on the left side below 20,000 in September 22 is very simple, that is, to wait for the BTC price to fall by more than 70%. At this time, you can buy in batches, and it will not fall much further. This stage is suitable for small drops and small purchases, and big drops and big purchases.
2. Big cycle right-side buying: The logic of prompting bottom-fishing on the right side below 26,000 in May last year is not difficult. It is to wait until the market meets the first one mentioned above, and the daily K or weekly K appears golden pit, head and shoulder bottom and other K-line patterns with bottoming significance, and the moving average system also appears bottom adhesion and upward divergence. After that, it is the normal logic of "Lifeline Strategy".