In the current bull market, I want to share some investment advice regarding altcoins with my partners; be sure to read it all, as it can be helpful to everyone.
1️⃣ Although it is still a bull market for altcoins, remember that this requires an environment with ample funds. Even in such an environment, the rise of altcoins may not be as astonishing as before, so please lower your expectations.
2️⃣ Do not overly trust the value of altcoins; in this round of bull market, many altcoins do not have much real value. The development team may not be reliable; sometimes they may not act honestly in difficult situations.
3️⃣ It is recommended that everyone reduce their investment ratio in altcoins and focus on more stable assets, such as Bitcoin, ETH, or some stable income projects like Bitcoin mining, blockchain games, or quantitative investment products like UNI.
4️⃣ When new altcoins are launched, do not rush to buy them, as this is often when the project party is most likely to sell. Maintain a good mindset and wait two or three months for the market's bubbles to be squeezed out before making a decision.
5️⃣ Do not have overly high expectations for altcoins issued through private placement. Many times, this may be an opportunity for the project party or investors to cash out quickly. If you encounter a price drop, do not be surprised, especially if your coins are locked for more than six months; during this period, the project party may sell a large amount.
6️⃣ Do not view altcoins with the old perspective of bull market surges and bear market drops. What is truly worth investing in may be those projects that genuinely gain users and revenue in a bull market. In a bear market, we should also continue to observe; sometimes, a bear market may have independent markets for good projects.
The above is for reference only; investment requires caution.
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