As an old investor who entered the market in 2017, I will tell you
In the cryptocurrency market, the effect of choice over effort is particularly obvious. If you bought Bitcoin and Ethereum six years ago, you would have made a hundred times more.
The darkest time of the last bear market was on March 12, when the price of Bitcoin was 3800 and Ethereum was 88. The peak of the bull market was 69,000 and Ethereum was 4800. Let’s do the math, Ethereum has doubled 60 times.
If you choose altcoins, there is a high probability that your principal will shrink by more than 10 times. Not only will you not make any money, but you will also suffer a substantial loss. The most important thing is that you will miss the bonus period. If you want to make money in the future, you can only wait for the next cycle.
Since I entered the market, there have been at least tens of thousands of encrypted digital currencies, especially those issued in 2018-2019. Many of them are gone. During that period, there were many new projects every day, but after 3 months, most of them ran away. Many project owners switched to the next project after one wave of attacks and continued to cut. Therefore, the probability of Shansai Coin is this year, but not necessarily in the next cycle.
In a bear market, altcoins are not worth buying at all. For newcomers, Bitcoin and Ethereum are the first choice. If these two cannot rise, how can other altcoins dare to rise? Bitcoin and Ethereum have gone through many bull and bear markets, but many altcoins peaked at their debut, and then fell all the way, never returning to their previous prices, and may not even be there in the next cycle.
Investing in Bitcoin in a bear market is undoubtedly the safest way, because in the early stage of a bull market, Bitcoin will definitely lead the market forward. After a period of time, altcoins will start to take off one after another. Of course, investing is not random, investing xx yuan every month, or buying 20% at the bottom every time there is a big drop. It’s hard to say about other coins, but Bitcoin will definitely rise. If you stick to it until the next halving cycle, I believe the returns will be considerable.
For us leeks, in the absence of financial advantages and news..., the only thing that can decide is patience. Before the market conditions are determined, the safest thing to do is to wait patiently for opportunities. If you want to make money in the financial market, it is much safer to wait patiently for opportunities than to operate blindly on your own.
If you don't even have patience, you can only rely on God if you want to make money.
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