On the road of cryptocurrency trading, what losses have you experienced and what lessons have you learned?
1. The scam exchange ran away.
2. In a bear market, buying the dip in altcoins that dropped by 90%, only to see them drop another 90%, with some being delisted and going to zero.
3. Investing in private tokens in the primary market during the late ICO period, getting scammed, being misled, and running away.
4. Not having a clear profit-taking plan at the end of a bull market, only achieving a 50% return.
Finally, let's talk about the new trends, changes, and potential new strategies in the cryptocurrency space over the past two years.
Most old-timers in the crypto space feel that with the ETF approval for Bitcoin and Ethereum by Wall Street capital, the volatility of Bitcoin has decreased, the growth is limited and the time to rise has extended, leading them to believe that (in a unit time frame, say 2 years) opportunities in the crypto space have greatly diminished.
This statement cannot be completely dismissed, but I believe that if we look at it from a different perspective, the opportunities in the post-crypto space remain as plentiful and fast as before:
One-third of the funds should be invested in Bitcoin, and the remaining main positions should select 2-3 suitable POW coins or long-term coins from among numbers 3-100, treating them as Bitcoin from 24 years ago, which can still yield the cyclical returns previously seen with Bitcoin.
This way of playing is likely to become popular among savvy individuals in the crypto space.
The three key points of this strategy are:
1. Do not discard the one-third position in Bitcoin.
2. Do not choose coins ranked after 100 (in the future, the number of coins should reach tens or hundreds of millions, and 99% of the coins will gradually lose attention and eventually go to zero).
3. It is best to choose POW coins or long-term coins.
Of course, energetic Gen Z individuals can completely ignore this strategy and only play with the latest and hottest options at the start of each market cycle. As long as they act quickly, research thoroughly, and have more comprehensive information than others, they will definitely outperform the top 100 old coins.
The principle of playing with new coins instead of old ones is generally correct, provided that they do not wait until after each cycle explodes to play with the new coins.
Playing with new coins should be done while they are still in their infancy, while playing with old coins should focus on those that have been in the top 100 through two cycles of bull and bear markets.
Altcoin focus: XRP PNUT UNI DOGE
Recently, I have been hiding a potential coin that is about to explode for a short-term gain of 50%, and there are also some potential coins that could triple by the end of the year. Leave a message with 111, follow, and like, to get on board easily and enjoy the bull market dividends 🚀!!!
