Altcoin Season: Risks and Opportunities

The altcoin season is upon us, with market frenzy hiding underlying crises. Junk coins experience violent price surges, and unknown projects see astonishing gains—appearing prosperous, yet the market is nearing its peak.

Characteristics:

1. Bad coins skyrocket, attracting short-term funds.

2. Investors are blindly optimistic, with a strong speculative mindset.

3. Mainstream coins experience volatility or stagnation, while funds flow into altcoins.

Risks:

1. The altcoin frenzy suggests a withdrawal of mainstream funds, leading to market sell-offs.

2. After the hype, the price of altcoins may plummet or go to zero, making it difficult for investors to exit.

3. People seek high returns, completely unaware they are on the brink of danger.

Countermeasures:

1. Take profits in batches to avoid letting greed lead to mistakes.

2. Avoid chasing high prices and refrain from buying at elevated levels.

3. Pay attention to market sentiment and fund flows.

Conclusion: The altcoin season is both a celebration and a trap. In the face of temptation, staying calm and rational is essential to mitigate risks and protect profits; otherwise, one may easily fall into the abyss.

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