Is the bull still there? What are you thinking? This trip has only gone about 50%, and now the pullback is only 15%. Why do you think you can keep running without refueling?
Don't say it's a bull market; even a person cannot keep running all the time. Walk a bit, run a bit, take a break for a while, and then continue running. Isn't that normal?
What? Your account is not down by 15%, but by 50%. That's how it is with altcoins; it has never changed. The bigger the waves, the more expensive the fish. The financial market has always been like this: 7 losses, 2 gains, and 1 break-even. If you don't have comprehensive wisdom or a plan, then becoming one of the 7 in the market is quite natural.
Do altcoins have value? If so, what is their value? Of course, altcoins and 'shitcoins' have their own value.
Firstly, as an influx point for getting rich, to attract more people into the market; secondly, to let more people who have Bitcoin exchange it for altcoins and then diversify their Bitcoin holdings.
Bitcoin achieves its circulation and distribution to everyone through various means. The more people who acquire it, the more people recognize it, and the more people recognize it, the greater its value.
The market will not change due to individual wishes; it won't make you rich just because you want to get rich. I know that before you entered the crypto space, you all had a spirit of overcoming difficulties and fighting against challenges with a strong will. This excellent spirit may make you very outstanding and successful in your industry sector. You are strong-willed, but when the market is unfavorable for you, you will not yield or retreat, but will continue to fight until you are crushed.
You forgot that you chose the wrong target. You overcame difficulties and fought against challenges, but if the direction is wrong and the tools are wrong, how can there be any results?
Trading is also a form of practice. Learn to recognize mistakes, correct them in time, adjust your direction, and timely walk towards the correct path; that is the only choice. Especially with contracts and high leverage, many people should have experienced this in recent days. The most painful thing in the world is liquidation.
Altcoin spot trading is already overwhelming, let alone contracts with high leverage. These even more overwhelming things can easily make people dizzy, and there's hardly any rationality left. The least overwhelming in the crypto space is Bitcoin; it is stable and reliable.
So, you want to study Bitcoin, to deeply understand Bitcoin, rather than altcoins. Lu Xun said, if you talk to me about Bitcoin and you don't hold any Bitcoin, what are we even talking about? Honestly, if you have no Bitcoin at all, you are looked down upon in the community. After playing for a few years without any Bitcoin, what do you say you are playing with?
Give up the idea of making a quick fortune with altcoins; participating with a calm mindset is the best attitude.
Give up the daily chase of buying high and selling low. Even for altcoins, you need to let time ferment the value of your assets. Waiting for the 'expected' surprise returns on some quality altcoins is not impossible.
In the short term, this approach seems very 'ostrich-like', and your account may show a floating loss of several tens of percent. However, as long as the types of assets you hold are not too bizarre, if you extend the time frame to several years, you can still expect decent returns.
Do not play with small cycles. Small cycles require too high a mentality, emotion, and technical skills. The smaller the operation level, the faster the market changes, making it harder to grasp, and it is easier to get caught up in emotions. If your ability does not support you playing at a small level, then don't play; otherwise, you will suffer severe losses and might even end up holding positions until death.
The cryptocurrency investment market is a market for long-term benefits. If you look at 3 years, 5 years, or even 10 years, the price of Bitcoin and quality altcoin assets that can survive cross-cycles will still have huge room for growth. This is an inevitable result of global wealth migration.
But in the short term, a market that has recently set new highs will definitely encounter countervailing forces. Moreover, this industry is rife with rumors, and many new friends will go through the process of being repeatedly harvested by rumors and market fluctuations. Therefore, it is completely normal for the short-term market to experience fluctuations.
When does the altcoin season come?
According to historical data from previous cycles, the best time to accumulate altcoins is in the first quarter of the second year after the halving, which is from February to March 2025.
But this does not mean that the altcoin prices in February and March are the lowest; it just means that during that period, it is the most suitable time. You do not need to experience the bloodbath of altcoins over the three years of 2022, 2023, and 2024.
I have said before, the entry time is more important than the price of the coins. This strategy is effective not only for Bitcoin but also for altcoins.
The only thing that can be obtained without labor in this world is poverty, and the only thing that can create something out of nothing is dreams. There is no market that doesn't make money, only a mindset that doesn't make money. Although the market is cruel, as long as you are willing to walk, and once you figure it out, there will always be a way. I have been on the road, waiting for you all to join me!