In the early days of the bull market, the phenomenon of Bitcoin rising but altcoins not following suit reappeared, and history was so similar.

Bitcoin is a cryptocurrency, but not all cryptocurrencies are Bitcoin. There is only one Bitcoin, but there are tens of thousands of cryptocurrencies.

You might become rich if you hold onto Bitcoin, but most of the remaining tens of thousands of cryptocurrencies are like tens of thousands of sickles in my eyes.

In the past, the strongest and most widespread weapons for harvesting the middle class were the stock market and the property market, and now there is also cryptocurrency.

A college student will basically deal with these three markets within ten years from graduation.

It is not uncommon to see people paying tens or hundreds of thousands of tuition fees for the stock market and the cryptocurrency market. After all, the stock market and the cryptocurrency market are mostly a fool's market, where everyone thinks others are stupid and wants to make money from others.

In essence, any transaction is a "gamble", buying stocks, buying houses, and cryptocurrencies.

Today we are not talking about the stock market and real estate, we are talking about their amplifier, cryptocurrency. Let’s first look at the possible wealth-inducing aspect of investing in blockchain crypto assets.

We might as well look at the value investment of blockchain assets from the perspective of a very long-term "bet".

If we use some marginal assets that we would not feel bad about losing, make good allocations, buy coins with certain value, observe them in months and years, and spend more time on other things that we are good at and that can make us grow, we may indeed get a very high return.

For most people, blockchain assets should just be a form of asset allocation.

Everyone has different market expectations, which is a self-consistent logic that is automatically completed in everyone's brain: if you believe that Bitcoin will reach "300,000 US dollars", the current price is still below the sea level; if you believe that it will return to zero, every new high now is a good opportunity to short.

Therefore, your excessive attention to the market is worthless. If you can understand the value of blockchain assets and make good asset allocations according to your own planned asset ratios, you don’t need to pay attention to the market all the time. The only thing you need to do is to keep learning and wait for time to ferment the value.

If it really returns to zero, it is fate; if it soars to the sky, it is luck, and it has nothing to do with IQ.

But all the possible high returns mentioned above are based on value targets and have nothing to do with altcoins. Bitcoin never harvests anyone, but altcoins do.

However, 20% of people in the cryptocurrency circle earn 80% of the money, 80% of them are fully invested in altcoins, and 20% of them hold 80% of the valuable coins, of which Bitcoin accounts for a very small part.

We can check the data on the Bitcoin browser. The total number of Bitcoin addresses is more than 38 million (not the latest data), but there are only more than 800,000 addresses holding more than 1 Bitcoin. This proportion only accounts for about 2% of the total addresses holding coins, which means that more than 90% of the people in the currency circle did not buy Bitcoin, but chose to hold altcoins.

Let’s look at the nature of altcoins

Why are most people so fascinated by altcoins? Because altcoins can increase by 50% or even 200% in a day. Getting rich is right on the screen three feet away from you. It is vivid in your mind. It is human nature and impulse.

But the decline is also severe. There are many altcoins that can fall another 99% after falling 99%. They are simply a tool for quick capital harvesting.

What is a copycat coin? It is a virtual currency that copies the source code of other coins, adjusts some technical parameters, and gives it a new name.

Typical veteran altcoins include Litecoin and Dogecoin. Both of them are basically issued after "splitting" (Fork) Bitcoin's code and adjusting parameters.

There are also a bunch of copycat coins, such as dog shit coins, tender model coins, MLGB (Malleg coin), with names so diverse that you can’t understand them. I won’t name them. They are essentially the same, with no application or value, and their only function is to create hype.

The significance of the existence of copycat coins is, first, to verify the validity and security of the original product code when the parameters are changed. Second, to make money, make money, make money.

All the claims that altcoins are a supplement to Bitcoin’s micropayment and tipping culture are fantasies of the promoters themselves. I really can’t think of any scenario that requires the use of other currencies to “supplement”.

The current minimum digit of Bitcoin is 8 decimal places, Satoshi. Even if Bitcoin rises to $100 per coin, the smallest unit is only 1 cent. Don't believe any nonsense about it being a substitute for small payments. If you really wait until you get $1 million, you can even have an egg for breakfast every day. Why do you still need to use altcoins for small payments?

In short, the tens of thousands of copycats incubated by capital have all kinds of very attractive stories that you can't refuse to hook you into their car.

The market of altcoins has the following characteristics:

1. Occasionally, the price of stocks will surge and attract people to join the game

2. In the long run, it will always be in a downward channel.

3. Occasionally there will be a rebound for a few months, which is also the result of old customers attracting new customers.

4. There is no long-term holding value. Buying on dips is also for the purpose of selling on highs.

5. When the main varieties rise to a high level, some risk funds will take advantage of it and run away.

A very short-term market.

Suggestions for participating in altcoin trading:

Those who are risk-averse should never touch altcoins; those who are risk-loving can buy at low prices and sell at high prices, participating in the greater fool's game, but they must also be prepared to return to zero.

To avoid being ripped off, one must realize that money does not come easily. Cryptocurrency is originally a speculative industry, so why should one participate in speculative altcoins in a speculative industry?

As for the Bitcoin market, in the short term, the bulls are defeated by the bears time and time again, and in local battles, the bulls lose nine out of ten times!

In the long run, there is no doubt that the bulls will win, because Bitcoin is an unstoppable trend demand and the cornerstone of blockchain!

Do you prefer a short-term pleasure or a long-lasting one? It's up to you.

In any case, you will see a phenomenon that those who make money in the market, especially those who make a lot of money, will eventually return to Bitcoin.

There will only be two kinds of people in the future world: those who have Bitcoin and those who don’t.