How to invest in the current cryptocurrency market
(1) Focus: From now on, give up the idea of hoarding coins
The current price of Bitcoin is 65,000. Even if the price doubles, it is difficult to achieve wealth freedom. Hoarding altcoins is even more risky. Among the new coins launched on Binance this year, almost all of them have fallen by more than 50% from their peak, and none of them has fallen by less than 20%. Investors need to be cautious and stay vigilant against market fluctuations.
In the cryptocurrency market in 2024, altcoins performed poorly. Although Bitcoin has risen from US$30,000 to US$70,000, the increase in many altcoins is far less than that of Bitcoin. Therefore, if you still insist on hoarding coins, it will definitely not work. The era of hoarding coins to get rich in the cryptocurrency market is a thing of the past. Now you have to seize the hot spots to make more money. Of course, if you come to the cryptocurrency market just for simple financial management and not for the pursuit of getting rich quickly, investing in Bitcoin is still a wise choice.
