The recent market has been falling, especially for altcoins. Many of them have been cut in half, or even dropped by more than 70%. Now the market sentiment is relatively pessimistic. Do you think there will be a bull market in the currency circle next?
Whether there will be a bull market next, I believe that this is what many people are most concerned about and what they need to know most urgently.
In fact, from the perspective of Bitcoin's market, it has always been a volatile trend, that is, it has always been in a sideways stage.
In other words, the trend has not reversed yet, and the market is still in a bull market.
But why are so many altcoins falling so badly? I believe that many people's chips are basically concentrated on altcoins, and mainstream funds such as Bitcoin and Ethereum should be relatively much less.
This directly leads to the fact that our overall account should be in a loss state at present.
The reasons for the loss are nothing more than the following two points:
The first is that the high-quality targets are not selected well. When the market rises, the rise of their own currencies is limited. When the market falls, they fall more severely than the market. This is a problem in selecting targets.
The second is that we did not enter the market at the right time to buy the bottom. In the process of buying the bottom, we did not do a good job of position management, asset allocation, stop loss, risk control, etc. These are all problems at the level of trading technology and strategy.
This is the core problem that caused our losses. Everyone should have their own views and opinions on this issue. I will not elaborate on it here. If we want to avoid losses or repeat the same mistakes, then we must face the above problems head-on and solve them in time. Escape will only make the problem worse.
If the above problems can be solved, the rest will be easy.
The market is in a state of fear, and that is when we should be greedy.
As long as there is no problem with the target in hand, we understand and study it deeply enough, and it will explode or have potential in the future.
So now, as long as there is a signal of stopping the decline and reversing on the market, it is time for us to enter the market to buy the bottom or cover the position to lower the average price.
The premise is that you must ensure that the chips in your hand must have potential and value, not air ratio, or even the kind that does not perform well in the bull market.
