Why is it that in every major bull market, most people end up losing money? It's because the majority chase prices up and down, and most people use high leverage to trade altcoins. As a result, many investors will significantly give back their profits. The main reasons are as follows:
First, many investors blindly follow the trend, heavily invest in leveraged trading and contracts, resulting in liquidation or severe drawdowns, leading to heavy losses in the end;
Second, some investors put all their funds into so-called 'garbage altcoins,' and after several rounds of trading, they find themselves deeply trapped at high prices;
Third, there are also some investors who heavily invest in meme coins, especially new meme tokens, and after several rounds of trading, they end up cutting losses of 70%.
Warren Buffett once said, if you are not willing to hold a stock for ten years, then you shouldn't hold it for even a day. In fact, the same applies in the crypto world. If you don't have a long-term holding logic for a coin, then the probability of getting harvested in short-term speculation is very high.
Compared to those garbage altcoins, Bitcoin, Ethereum, and the leading assets in various sectors are much more suitable for long-term investment.
Therefore, for those worthless garbage altcoins, the best choice is to avoid them in the long term. #Crypto Market Consolidation