Is there really no bull market for altcoins outside of Bitcoin?
The answer is clearly no. Looking back at the last bull market, altcoins saw astonishing gains in the last two to three months, with increases of several times or even a dozen times not being uncommon.
Once market sentiment is ignited, the upward momentum becomes difficult to stop. Just like the A-shares a while ago, which recovered more than a year of losses in just one or two weeks. This kind of rise is purely speculative, requiring no fundamental support, and regardless of performance, individual stocks can rise.
If you are planning to invest in altcoins, I believe that achieving a 5 to 10 times increase within six months is not difficult. Many people have already been at a loss for two to three years, but if they can seize the opportunity in the next six months, they can expect a turnaround.
Remember the cycle four years ago when Bitcoin started rising from October 21 to December 31, going from $10,000 to $30,000, and then the altcoin season exploded. I remember on New Year's Day, Polkadot and Uniswap surged dramatically.
At that time, Bitcoin's market share dropped sharply from around 70%. I speculate that if Bitcoin rises above $75,000 this time, the altcoin season may come.
A true bull market may only take two months to soar. The crypto market often behaves this way, with prolonged declines lasting several years, causing significant losses, but suddenly a wave of market activity hits, and all coins rise inexplicably.
After the 2017 "94" incident, all coins fell sharply, and investors suffered heavy losses. However, just two months later, Bitcoin reached a new high, soaring to $20,000.
The same was true in 2021, where many altcoins could rise to hundreds or even thousands of times in just a month or two.
True bull markets often only last a few months, with gains that are unforgettable and astonishing for a lifetime. When the market takes off, you must hold onto your chips, or you will miss the big market that comes once every four years.
Therefore, holding on is key. Those who try to profit through short-term trading often end up either missing out or getting trapped. We should take a long-term view to grasp the main upward wave of the bull market, not to miss this rare opportunity.
If you want to catch this bull market, learning on the fly is definitely not enough; it's best to have someone guide you quickly.
I am David, welcome to connect!
