Bitcoin soars while altcoins are abandoned!
The current trend of altcoins is making retail investors more anxious, and the reason is simple:
Most retail investors do not hold Bitcoin, so no matter how high Bitcoin rises, it is irrelevant to them. In contrast, the altcoins they hold not only fail to rise but continue to decline amidst various adjustments. Ethereum's performance has been lackluster, let alone other smaller coins.
What is the core concern?
After Bitcoin reaches a high position, many people begin to doubt whether it has peaked. If it really has peaked, the altcoins held may accompany it in a new round of sharp declines. For retail investors, the cycle of "I don't make money in a bull market, but I lose more in a bear market" is extremely anxiety-inducing.
Where does this emotion come from?
The market trend over the past six months has led retail investors to develop "inertia thinking":
Bitcoin rises, altcoins fluctuate or rise slightly;
Bitcoin fluctuates, altcoins fall;
Bitcoin corrects, altcoins plummet.
Now, the blood-sucking effect of Bitcoin is not just "siphoning," but almost "uprooting," making people feel that apart from Bitcoin, other cryptocurrencies are worthless.
So what should we do?
Don't panic! In this market, opportunities lie when Bitcoin is consolidating. Once the blood-sucking ends, the recovery trend of altcoins will arrive. Now is the best time to buy potential altcoins at a low price!
I have compiled some long-term favorable cryptocurrencies. Those who are ready to position themselves can leave a message "888" to get on board!