Yesterday, Bitcoin led the market correction, and the rise of altcoins has temporarily come to a halt. Market fluctuations are a normal phenomenon; there is no market that only rises without falling. In terms of the overall trend, such volatility does not constitute an impact. Looking at the entire month of October, the performance of altcoins has been quite outstanding.
The real challenge lies in coping with a market that rises for three days, corrects for one day, and then oscillates for two days. When analyzing the market, we should not only focus on the current price but also seek patterns from historical trends and summarize experiences. Conclusions drawn from objective facts are closer to the true state of the market, which helps us decide whether to continue holding or to cash out and wait.
In October, altcoins have been very active, and sector rotation has been quite vigorous. This week, the "Metaverse" sector took the baton, and a "dark horse" emerged: APE. The rise of this coin continues this year's "violent" style, and it has surged very rapidly. This is also what makes the cryptocurrency market most appealing and what investors look forward to.
Entering October, choosing a "dark horse" in a strong sector is the only opportunity for ordinary people to achieve overtaking on a curve. Do not blindly follow trends or make arbitrary purchases. After seven months of market washing, we must learn to grasp the big picture, abandon opportunities we do not understand, avoid chasing ambiguous trends, forget the myth of becoming rich with altcoins, and invest steadily.
Look for investment opportunities that you can understand, are confident in, and have the least risk, and act decisively. Accumulating the first bucket of gold requires steadiness; the speed can be slower, but it must be solid. In the cryptocurrency market, without the first bucket of gold, trading coins will become increasingly difficult, with more and more incomprehensible trends and greater policy impacts, all of which are invisible barriers.
The growth rate of the cryptocurrency market far exceeds our imagination; every technological implementation and every policy announcement accelerates the industry's development. The myth of getting rich quickly is becoming rarer, everything is becoming more legal and compliant, and the pace is gradually slowing down. By adapting in advance to these subtle changes, we can better plan our future investment paths.