Author of this article: Bit Pig
Disclaimer: This article only represents personal thoughts and does not constitute any investment advice.
0x0A Altcoins’ Tempting Rise
Many people always think that the prices of BTC and ETH are too high, and it is difficult to get high income even after the bull market. By analyzing the historical K-lines of altcoins such as Polygon, AVAX, SOL, ADA, and Shiba, it can be found that these coins have extremely exaggerated returns at their highest points, ranging from thousands of times to hundreds of thousands of times. If you can ambush these altcoins in advance, even if you invest a few thousand yuan, you can get extremely outrageous returns.
According to data from coinmarketcap, there are more than 20 new cryptocurrencies listed every day (not counting the unlisted coins), and hundreds of new virtual currencies are listed for trading every month. A rough calculation shows that the number of new virtual currencies can reach about 7,300 per year. According to data from Mytokencap, the number of currencies currently counted in the entire network is 34,677 (there are still a large number of virtual currencies that have not been counted). Even if some people happen to buy the right altcoin, they can indeed get exaggerated returns in the short term, but do you have the confidence to find the dark horse among these tens of thousands of altcoins?
It is worth noting that 99% of the so-called "investment mentors" in the currency circle all claim that they can find super dark horse coins and lure the leeks to pay money to join his investment group or knowledge planet. As a result, the leeks who paid the membership fee under the guidance of the "teachers" will still lose everything. I hope that friends who read my article will never believe these so-called "teachers".
0x0B 90% probability of earning 5 times and 0.0001% probability of earning 100 times
The current prices of BTC and ETH are $26,718 and $1,718 respectively, which are definitely high for small retail investors, especially those with low incomes who may not be able to afford 1 ETH with a monthly salary. Moreover, many investors think that they only have tens of thousands of yuan in capital, so even if they buy BTC or ETH, the return will only be 5-10 times at most when the bull market arrives, which does not solve the fundamental problem.
In fact, we need to have a long-term mindset. Suppose my principal is only 50,000 yuan, and after a 4-year bull market, it becomes 250,000 yuan (the most conservative 5 times return). During these 4 years, I have grown more in job promotion, private work and other aspects because of my age, connections and ability. In addition to the 250,000 yuan investment income, I also have 150,000 yuan in savings. Then I will invest these 150,000 and 250,000 to buy BTC or ETH. Finally, in the second round of bull market 4 years later, I will get 2,000,000 yuan in income. And during these 8 years, I only need to work hard, and the rest is left to time to make money. What a comfortable thing it will be.
In general, the probability of investing in BTC or ETH to get a 5-10 times return in a bull market is higher than 90%, while the probability of betting on an altcoin with a return of 1,000 or 10,000 times is less than 0.0001%. So, would you choose to buy BTC or ETH, or choose to bet on an illusory altcoin with a huge risk of returning to zero?
BTW: [The reversal diary is no longer updated]
