An old investor who entered the circle in 2016 talks about cryptocurrency

In the cryptocurrency industry, choosing the right direction is much more important than doing nothing. Six years ago, if you bought Bitcoin or Ethereum, you would have made at least a hundred times more now. Remember in the last bear market, Bitcoin fell to 3,800 and Ethereum was only 88. Later, when the bull market came, Bitcoin rushed to 69,000 and Ethereum also soared to 4,800. Let's calculate, how many times has Ethereum increased? 60 times!

But if you choose those altcoins, it is very likely that the principal will be wasted. Not only did you not make money, but you also lost a lot. The most important thing is that you missed the good opportunity to make money. If you want to turn over again, you have to wait for the next cycle.

I started playing this in 2017. At that time, there were at least tens of thousands of cryptocurrencies, especially in 2018 and 2019. There were so many new projects, and there were new ones every day, but after three months, most of them disappeared. The project owners made a quick buck and ran away, and switched to another project to continue cutting leeks. So, altcoins may exist this year, but not necessarily in the next cycle.

In a bear market, altcoins should not be touched at all. For beginners, it is better to buy Bitcoin and Ethereum honestly. If these two big guys don't rise, how can other coins dare to move? Bitcoin and Ethereum have experienced many bull and bear markets, but what about altcoins? Many of them peaked when they came out, and then fell all the way, and never returned to that price, and some of them didn't even exist in the next cycle.

Investing in Bitcoin regularly in a bear market is the most stable way. At the beginning of a bull market, Bitcoin will definitely take the lead, and after a while, altcoins will start to move. Fixed investment is not random investment. Invest a fixed amount every month, or buy 20% at the bottom when there is a big drop. It's hard to say about other coins, but Bitcoin will definitely rise. If you survive until the next halving cycle, the returns will definitely be considerable.

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Musk Concept Ethereum Chain #puppies (ending with 6eb2), as a force that sticks to its original philanthropic aspirations and is committed to leading Web2 users to steadily move towards a new era of Web3.