I wonder if you have noticed a detail.
Although Bitcoin has been falling recently, the declines of other currencies have become smaller and smaller. Even some valuable currencies have been slowly moving independently and have not followed the decline.
Especially yesterday, Bitcoin fell 3 points, but some strong currencies did not fall, or the decline was very small.
If the past trends continue, if Bitcoin drops by 3 points, other sub-mainstream and altcoins will also start at 5 or 8 points.
This alone may not mean anything, but combined with the market analysis I analyzed above, it is worth considering.
Of course, don’t get too happy just because of what I said and think that the next market trend is coming.
Although the market will gradually open up and will get better and better in the second half of the year,
However, if the currencies you hold are not positioned on the right track, you can only be a spectator in the bull market, a mere audience.
At present, many people who were trapped before think that as long as they hold on to their stocks, the prices will go up when the bull market comes, and they can sell them after the prices go up.
But there are two big problems here:
The first question: Not all coins will rise sharply in a bull market. Some coins will rise dozens of times, but some of them are worthless, or their previous appearance was just a flash in the pan. When the market comes out next, they will only rebound slightly.
Many people mistakenly believe that when a bull market comes, all coins will increase several times or even dozens of times. In fact, this is not the case at all.
For example, at the end of the bull market in 2021, everyone saw that the coins that had risen well and increased dozens of times were the top 100 coins by market value. That was the peak of the bull market that you saw.
The current bull market has not completely broken out, the top 100 currencies by market capitalization will undergo earth-shaking changes, and many currencies will be eliminated in the bull market.
Many people invest in the future with the present in mind. When they see stocks that performed well last year or this year, they think they have value and believe that the bull market will continue to explode.
This is totally wrong. In the early stage of the bull market, there will be many altcoins and air coins that attract attention. The purpose is to make these people sell their valuable coins, chase these coins, and eventually miss the entire bull market.
The second question is: when to sell? If you are stuck, you will think that the stock will go up in the bull market anyway, so you can sell it when it goes up.
But when should I sell? Should I sell when I get my money back? What if the price goes up but I haven’t got my money back yet, but the market has actually reached its peak, and I don’t sell in time, will I be stuck forever?
Or if the price has recovered and you have made a little profit, when should you sell it? If you are afraid of a pullback and see that the price has finally recovered and you have sold it, but it continues to rise, what should you do? Should you chase it?
If you don't sell it and it goes up 100% or 200% of the time, when will you sell it? Once you fail to identify the top, the bear market will come and you will be on a roller coaster.
There are three things about investing: buying time, selling time, and currency selection. These three are very important and closely linked.
If you are stuck now because you did not buy at the right time before, it means that there is something wrong with your buying timing.
Well, a problem has already occurred, and we need to find ways to make up for it and turn losses into profits, rather than just sit there and do nothing.
The most important thing now is: Do you have the ability to judge the peak signal and sell the time? If you don’t know how to sell, you can’t grasp the whole market.
Is the currency you choose valuable? Do you know it well? Do you have confidence in it? Where will it explode in the future?
If you buy it because it has performed well before, and the market has been paying attention to it and saying good things about it, so you buy it, then you really have to be careful.
When any retail investor who has been losing money recommends a currency to you, you must be careful.
