Have you also lost confidence in those altcoins that seem to be full of potential but are actually chilling?
Did you know? Some people are not desperate because the altcoin fell 15% in one day, but because it lost 10 days of gains in just one day!
The reason behind this is actually not simple. First of all, we have to mention that the trend of Bitcoin is becoming more and more like the US stock market, with high volatility and unpredictable. And what about those altcoins that were once highly expected?
They seem to be heading towards the fate of A-shares, rising and falling, making people unpredictable. What is more worrying is that the issuance speed of assets is too fast, and the market is like a balloon that is blown up and may burst at any time.
In this situation, many investors began to feel confused and disappointed. They once thought that these altcoins could bring them huge returns, but now it seems more like a dream.
In the absence of external capital inflows, the market can only rely on local hot sectors to maintain its heat, but how long can this heat last?
In this market full of variables, each of us is looking for our own answer. Maybe you have lost confidence in altcoins, but remember that investment is a marathon, not a sprint.