Bitcoin rises, altcoins are drained; Bitcoin falls, altcoins collapse; Bitcoin is horizontal, altcoins are in a low-volume self-oscillation.
We can only look at altcoins now, as Bitcoin isn’t that useful right now.
The current situation is that friends holding a lot of altcoins shouldn’t rush to sell.
Just hold on a bit, after all, most altcoins are at bottom positions, with a little more at around 35% historical lows, and a little less around 20% below.
If you can hold on, it’ll be fine; if you can’t, switching doesn’t help, as when Bitcoin drops, everything drops.
Switching doesn’t make sense.
If you switch and briefly gain 20%, you’ll still be considering whether to run or not.
In this round, most coins dropped by 50%.
Only by holding a single coin can your confidence bring you back to breakeven.
If you switch, and you’ve made back 20%, what about the remaining 30%? Isn’t that still a loss?
Hold onto your spot; retreat to advance.
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