Random thoughts: A few days ago, a large part of the profits from the altcoins I held were lost. When several coins fell below the support level together, I, as a conservative, cleared out my position and stopped playing. I kept watching the market during the morning rebound but did not dare to participate. The original support level became a pressure level. It feels like the mainstream coins that have been flowing out of the main players have become unstructured. Recently, they tend to flow into new coins that are creating momentum. Although I can’t get rich overnight, I’m making money if I don’t lose money.
Q: Now Bitcoin has fallen from 108,000 to around 97,000 (when I started writing this article), and the altcoins have been cut in half. If Bitcoin and the second altcoin continue to fall back sharply, the main force will pick up the bloody chips. Will the altcoins follow suit? Which side will the funds prefer? Perhaps the rules of the game have changed, and we need to start understanding the basics of the coins, which ones are genuine, which ones are black-hearted, which ones are high-quality, and which ones are low-quality.
Maybe there is no need to have a plan. Whether it is short-term or long-term, I will enter when I should and exit when I should. I will just be a fence-sitter and start a guerrilla warfare.
Assuming an extreme point, this round is over, and we want to pick up the bleeding chips and start to pull back and consolidate. The big pie starts at a low of 49,000 and ends at 108,000. The half of the price without chip weight is 78,500, and it does not seem to have fallen below the previous high of the February-March market.
Also, assuming that Trump supports virtual currency to take over the bubble in the real world, will he squeeze the bubble before entering the market? However, both long and short directions can be chosen. Will he squeeze the bubble of a specific group of people? If the exchange is controlled, then the data is a clear card. After this, if the cryptocurrency circle is no longer a niche, and the general public is a recognized investment product, will virtual currency introduce more compliant supervision and other institutions?
Assuming that the incremental funds participating in the cryptocurrency circle are the real wealth of everyone in reality, rather than from profiteering, perhaps there is no need to consider it now. Funds are limited, and thousands of coins are constantly being issued. Limited versus infinite, which coins should we pay attention to? Perhaps in the future, the distinction between the primary and secondary levels may not be so clear.
