How to approach the current altcoin market?
1. If the entry point is low, patience is required, as a low entry point often means it has not yet started;
2. If the entry point is relatively high, it is necessary to have corresponding strategies, such as averaging costs, taking profits, and cutting losses, etc.;
3. The best position is just at the starting point, but it is hard to find, as there are too many altcoins to scan through. Even if you do find one, a false start can be quite damaging; a good strategy is to first bet on the sector, then bet on the leading coin in that sector;
Fortunately, there hasn't been an explosive outbreak in secondary altcoins yet;
4. In every bull market, there are leading coins for each round of bull markets. Recall and pay attention to examples, such as the early Bitcoin Gold, Litecoin, and other old coins.
Then there was the dual turbo engine of UNI and DOT in the 20-21 bull market, followed by the public chain wars, which will also have leading coins.
There are also many that have been disproven, such as LUNA and NFT; these can be observed closely.
The key point is:
In this bull market, don’t run around like a headless chicken! Comment '111', and join me in laying out a strategy for this bull market, or click on the main page to follow, check the introduction, find me, and get ahead of others; the risk will be reduced, and the profit will be increased.