Can altcoins still be played?
Some people say: "There will never be another altcoin season." Every time altcoins plummet, someone will say this, but there will still be altcoin seasons, which is the turning point of the bull market towards a bubble.
In each bull market cycle, the first to rise are large-cap coins: "Bitcoin, Ethereum, and then platform coins."
New narratives and new concepts replace old narratives and old concepts.
Now the new narrative has not really appeared, but it will appear in the late bull market. But it is definitely not the previous DEFI, local dog, and metaverse.
Finally, it is the turn of the old altcoins, and the old coins are in full bloom. It may be in the last one or two months in the late bull market, and it will soar several times quickly, reach the top, enter the bear market, and be a mess...
Binance Coin has broken a new high, so can altcoins be played?
My answer is yes, the key is to "control the position ratio" and use a fixed position ratio to gamble.
Now Bitcoin has fallen by 12%, and Ethereum has fallen by 14%. The decline of altcoins has generally been halved, about 50%. Many people have made money on Bitcoin and Ethereum, thinking that since Bitcoin has broken through the previous historical high, the altcoin season is coming soon. In order to pursue higher odds, they exchanged their coins for altcoins. As a result, the profits have been greatly withdrawn, and both the principal and interest have been returned.
You can play with altcoins, but you must remember at all times: "Small positions, fixed ratios, never gamble with heavy positions."
You can use a small position to make a small profit, but the loss must be limited!
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