This round of decline is an indiscriminate waterfall of altcoins. Most altcoins have fallen 80% from their highs, and some have fallen more than 90%. Such a phenomenon in the bull market is worth thinking about and remembering.
Fortunately, I have been waiting for a high-quality token to enter the bottom range, and I still have about 50% of my short positions on all platforms. Taking advantage of this waterfall, the price of high-quality tokens has also been pulled down, and I also took the opportunity to buy some.
So I wish the waterfall would be more violent.
Although it is unclear when the downward trend will end, it is worth buying the bottom now.
It is just not recommended to buy old coins and vc coins anymore. From the perspective of token structure, vc coins are more terrifying than hyperinflation, and will enter death after all tokens are issued.
It is better to buy some meme.
Remember, if you regard your investment as a long-term investment, the market decline should be regarded as a gift. It provides an opportunity to buy more tokens.
Finally, it is crucial to formulate a strategy before making any purchase, and never use all funds for investment. I hope these words are helpful to you.
Still the same, if you are a complete novice, and you are excited to enter the cryptocurrency circle after seeing BTC hit a record high, then I suggest you follow me first, learn the knowledge of the cryptocurrency circle with me, and improve your basic skills. Only by laying a solid foundation can you go further.
