The recent plunge in altcoins has undoubtedly caused a big shock to everyone, but I think the market may have overreacted a bit, and the sharp drop in liquidity has also exacerbated this phenomenon.

Once the market stabilizes, many altcoins are expected to rebound quickly. We should not continue to be pessimistic. The cryptocurrency market is not short of funds. What is really missing is confidence and the expectation of a healthy market environment.

Although it is impossible to accurately predict where the bottom is, one thing is certain: the bottom of the market is formed by the gradual purchase of many retail investors, rather than guesswork. The recovery of the altcoin market will eventually come, but it may not be a comprehensive and sharp rise like in the past.

Excellent projects have the potential to achieve tens or even hundreds of times of appreciation, while poorly performing projects may not even reach the market average. Therefore, it is crucial to select projects. If the selection is not appropriate, it is equally important to have the courage to adjust the position and stop losses in time to avoid sunk costs affecting future decisions.

In the past bull market, as long as you buy and hold, you can get returns. But now the market is faster, and for altcoin investment, it is particularly important to learn to sell at the right time and ensure that profits are pocketed. Being too greedy can lead to losing all your gains in a market downturn.