The bull market of altcoins is not smooth sailing. If you want to get a hundredfold return, you must first withstand the test of large retracements and profit taking.
The bull market of altcoins is full of twists and turns. At the beginning, altcoins will rise 3-5 times in a short period of time, attracting a large number of investors to rush in.
However, the good times are not long, and what follows is often a 50-80% plunge, which catches investors off guard.
But this is just the starting point of the altcoin bull market. After a period of shock and torture, altcoins will start the main uptrend again, and the increase can even reach 5-20 times, which is jaw-dropping.
However, such a bull market is always short-lived. Once the bull market ends, the decline of altcoins is often as high as 95%, which makes people feel distressed.
In this process, many investors will underestimate their ability to select coins, but overestimate their ability to hold coins.
If you want to get a hundredfold coin, you must first learn to endure the test of large retracements and profit taking.
Although the bull market of altcoins is full of risks, it also brings amazing returns. While pursuing returns, we must also treat risks rationally and not give up our coin holding plans easily.
If you want to know more about the relevant knowledge of the currency circle and first-hand cutting-edge information, click on the avatar to follow Maomao to publish market analysis and recommend high-quality potential currencies every day.
