Buy when no one cares, sell when there is a crowd. This is the best way for ordinary retail investors to make money, no exceptions.
The strategy I adopt is: exchange altcoins for Bitcoin at a high price, then wait for the altcoins to pull back significantly beyond Bitcoin, before exchanging back to Bitcoin, creating an arbitrage opportunity, and in the meantime, I can also change the currency of my holdings.
What are the benefits of doing this?
On one hand, during a bull market, do not easily exit, but rather focus on reallocating, optimizing, and concentrating on currency operations;
On the other hand, from a psychological perspective:
When holding Bitcoin (BTC), by observing the price fluctuations of Bitcoin and scanning the altcoin market, one can roughly understand the current state of the overall market.
If holding spot assets, then all strategies should revolve around how to buy the dip, how to manage the exchange rate relationship between Bitcoin and altcoins, rather than focusing on contract trading, especially short positions.
Imagine if you perfectly exited Bitcoin and altcoins at a price above 100,000, would you be buying the dip now? Would your overall sensitivity to the market, especially your psychological perception of the market, be the same as when you held those assets?
Everyone's trading strategy is different; still, as the saying goes, strategies that make money are good strategies.
