During the slump of altcoins, bottom-fishing may be an excellent opportunity

When market sentiment is low, many people hesitate to bottom-fish, even believing that the 'altcoin season' is gone forever, but this may be the golden time to build positions.

Why bottom-fish mainstream altcoins?

1. Market low: Risks and opportunities coexist

• Current altcoin prices are generally low, market sentiment has cooled, and major funds are starting to position themselves, preparing for future outbursts.

• Historical experience shows that the bear market trough is the best window for bottom-fishing quality assets.

2. Batch building strategy reduces risks

• No need to precisely hit the bottom; by gradually building positions during dips, you can lower the overall holding cost and avoid the risk of price fluctuations from a single purchase.

• For example, when the price drops by 5%-10%, add small positions steadily to accumulate chips.

Why do many investors incur losses?

1. Chasing highs and cutting losses mentality

• Many spot investors tend to chase prices when the market is hot, but panic sell after a price correction, leading to buying high and selling low, trapping them in losses.

2. Over-reliance on technical analysis

• The market often ignores technical indicators during downturns, and solely relying on technical analysis may cause you to miss the best timing for building positions.

Key points: Maintain patience and discipline

• Control emotions: Stick to your strategy amid market panic, avoiding being swayed by short-term fluctuations.

• Long-term perspective: Have confidence in the future potential of mainstream altcoins and adhere to value investing principles.

Summary

The current sluggish market is a good opportunity to position in mainstream altcoins. Through a batch building strategy, even if you cannot catch the bottom, you can significantly reduce costs. Patience and discipline are key to investment success; seize the opportunity, and you may reap substantial rewards in the future.