While waiting for a big drop, you should prepare the target you want to buy in advance.
Having a goal first and waiting for a big drop before buying is the most important thing for speculating in cryptocurrencies.
This round of bull market has never cut anyone. Don't be surprised. Those who cut you are all garbage altcoins. Compared with the previous bull market, it is not a monster. From October last year to March this year, there was no black swan or big drop in the middle. According to the cycle theory, the rise is weak and it should be adjusted. It has been rising and falling. This is a benign bull market.
This behavior is a typical "leek" behavior: panic selling when the market falls, the more it falls, the more afraid it is; and chasing high when the market rises, and finally being stuck at a high position and unable to extricate oneself.
So, what are big funds doing now? They are actively collecting chips. US regulators and Wall Street are allocating Bitcoin and other cryptocurrencies. At the same time, many altcoin project parties have also recently extracted a large number of chips, making the chips more and more concentrated. However, the "leeks" are constantly selling and panicking, and even predict that Bitcoin will always return to zero.
No market can escape the weakness of human nature, and only a few people can really make money. If you want to get a hundred times or a thousand times the money, you will be ravaged by the market. Otherwise, why would you have a hundred times or a thousand times the money! ?