When Bitcoin reached $100,000, I found that all the altcoins I had in my hands suddenly turned into "mountain coins" - standing still, motionless. This wave of operations simply proves itself: whatever you buy, don’t buy altcoins.
Bitcoin’s “blood-sucking market”, altcoins are trembling
If you are like me, watching Bitcoin soar all the way at the moment, but your altcoins are motionless, then congratulations to us for becoming "part of the market ecosystem" - this sounds very advanced, but it is actually very miserable. title.
Bitcoin’s market share has soared to 61.6%, a four-year high. The voices of BTC fundamentalists on Twitter are rising one after another, and the market sentiment is pessimistic. Many OGs and traders directly announced: "The copycat season is over." This sentence made my heart sting, but I still had to pretend to be calm on the surface and study the next step.
Why does it hurt so much this time?
According to historical data, the interaction modes between BTC and altcoins can be divided into the following 4 types:
1. BTC is rising and altcoins are rising: During the bull market boom, it is suitable to add positions.
2. BTC fell, altcoins fell: risk reduction, more stable coins.
3. BTC falls, altcoins rise: You can give it a try in the short-term altcoin season.
4. BTC rises, altcoins fall: Bitcoin is sucking the market, and altcoin holders can only stare blankly.
The market is currently in Mode 4, but the duration and intensity of this decoupling are far longer than in the past. In this case, I can only laugh at myself while holding altcoins, and comfort myself by "waiting patiently for the outbreak."
Bitcoin Spot ETF passes, what’s the future of altcoins?
The passage of spot ETFs has pushed funds into Bitcoin, and even micro-strategy (MSTR) has become a popular trade in US stocks. This trend makes the situation of altcoins even more embarrassing. But even under such conditions, there are still some innovative projects worthy of attention.
Rapidly iterating technology areas such as chain abstraction, Web3 AI, Bitcoin L2, etc. still have huge potential. If you are like me and are full of altcoins, you might as well take a long-term view and look for "useful coins" worth holding.
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Innovative projects worthy of attention
Although the coins in hand now are "money in the mountain", the opportunities in the future are still in these areas:
Chain abstraction infrastructure: @ParticleNtwrk
Chain abstract fat application: @infinex_app
Cosmos new paradigm infrastructure: @initia
Bitcoin ecological idealist: @NervosNetwork
Bitcoin L2 Solution: @build_on_bob
Web3 platform in partnership with A16z: @vvaifudotfun
Solana L2 that successfully attracted millions of fans on Tiktok: @SonicSVM
Looking at the sharp rise in Bitcoin, I can only laugh at myself at my own altcoins, and then silently wait for the next opportunity. The crypto market is not only a technical arena, but also a psychological testing ground. Continuous learning and staying calm are the only ways for us "loyal altcoin enthusiasts" to survive.
