I will always choose to go long on Bitcoin‼️
Many people see the huge and astonishing gains of altcoins, but the same goes for when they drop, which can lead to significant losses. Even in an upward trend, a pullback can easily shake you out, and most altcoins will ultimately end up at zero. I do not recommend holding them long-term⚠️
Many people recommend various altcoins during a bull market, but they do not know how many can actually make substantial profits. This is akin to junk stocks in the stock market; they rise quickly when pumped by promoters. When you jump in, you might be the one standing at a high position, or you might sell at a loss just before the promoters pump it again‼️
I only go long on Bitcoin. Coming from institutional backgrounds, our mindset is similar to BlackRock's, focusing only on stable strategies. Even now that Bitcoin is close to 110,000, BlackRock continues to buy Bitcoin. While we don't know how high it will go or when the bear market will hit, Bitcoin is definitely more stable compared to altcoins‼️
Moreover, even in this bull market, you will notice that only Bitcoin is reaching new highs consistently. Last night, Ethereum was far behind. Once the bull market ends, the altcoin drop will be catastrophic⚠️
I will continue to share more strategic insights later #加密市场狂欢 $BTC