When investing in spot, you must choose currencies with high consensus, strong liquidity and large trading volume. The top ten mainstream currencies in terms of market value are often better choices because they have stronger market stability. Even if they experience a sharp decline, they may rise again later.
There are thousands of tokens on the market, but don't choose those small currencies with insufficient liquidity at will. Even if you make money by betting on a certain altcoin by chance, can you guarantee that you will bet right every time?
The current market is no longer like before, where you can make money just by buying it casually. I myself have experienced a lot of losses in altcoins, some of which cannot even be cut off, and several of them have returned to zero.
Even if the bull market comes, altcoins without liquidity will hardly have a big increase, because there will be many similar new altcoins on the market, attracting funds to flow elsewhere.
Therefore, playing altcoins is more speculation than investment.
I have suffered a big loss myself, so I would like to remind everyone not to buy altcoins without liquidity easily.
If you feel something is wrong after buying it, you must stop the loss decisively, otherwise you may end up with nothing left, and you won't even have a chance to breathe.
