June 28, 2024 Grandpa checks in
The market has not changed much, and it is moving in the way I expected. The first step is to go sideways with low volatility. We will have to wait and see whether there will be a rebound next. From the market point of view, Ethereum's recent funding is stronger than Bitcoin. The main reason is that there is an ETF expectation. The key documents have been passed before, and the next step is to wait for the final listing. According to the rules of Bitcoin, there will be at least one more fund entry before listing, so in my opinion, the odds of Ethereum will still be considerable for the next period of time.
The recent trend may be boring, and the occasional fluctuations are also concentrated in the altcoins. Many altcoins have fallen a lot, and it is a good opportunity to layout recently. I asked everyone to sell before, and those who followed were more comfortable. If you have a better rhythm, you can find some coins to buy during this period. I will not publicly recommend altcoins. After all, things with high risks still need to be studied by yourself. If you don’t want to pay the investment and research costs, you can consider Ethereum. The risks and costs are acceptable, although it has risen a lot from the low point.
In fact, if we calculate from the low point, both the increase of Bitcoin and Ethereum are attractive enough, and even if we calculate on an annual basis, they are still considerable. However, if we extend the time, especially to a certain period of low volatility or even a retracement in the middle, you will find it very boring and even a bit painful. You know, this is one of the top performing assets in the world. It can be said that if you don’t make a profit from Bitcoin investment, it will be even more difficult to invest in other areas. As for copycats, the difficulty will be relatively higher, but as long as you can make money on Bitcoin, there will be more copycats.
It is said that when the market is bad, we can know who is swimming naked. This indirectly shows that the investment field we are in is a vast ocean, especially the risks and volatility of cryptocurrencies are much higher than other markets. Swimming skills are very important. My strong suggestion is to keep learning. There are many channels as long as you are willing. In addition, there is a lot of public investment research information in this market, such as research reports from exchanges, etc., such as the opinions of some KOLs. What you need to do is to absorb a lot and then screen and identify them. For example, Binance will have a lot of valuable information, and the pattern over the years is also quite large. For example, in the recent Megadrop event, it hit the wool party hard and safeguarded the interests of retail investors, which is also commendable.
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