The cryptocurrency market is a severely manipulated market compared to other markets. Aside from Bitcoin, the prices and trends of other coins depend on the strategies of the manipulators. Whether retail investors or whales, the odds of winning against manipulators who control large amounts of tokens are extremely low. Additionally, the market is transparent to the manipulators, making it easy to operate.
Bitcoin, on the other hand, is different. Over the past few months, Bitcoin's price has been relatively more stable due to higher market acceptance and a more dispersed distribution of tokens, making it difficult for just one or two manipulators to control. Bitcoin has transformed from an ETF to a reserve currency in the U.S., becoming digital gold. Ethereum is different; its fundamentals come from the blockchain, and currently, the Ethereum chain is stagnant, unable to provide value, and can only be understood as a copycat leader.
Aside from Bitcoin, the entire cryptocurrency circle has no value. The manipulators maintain the market cap at a specific position just to continue playing this financial game. There is no hierarchy among altcoins; it only exists in the manipulators' strategies at any given moment. It is important to clarify that retail investors cannot influence the price.
In general, the strong performance of Ethereum in the past couple of days is purely due to the self-manipulation by the whales and has nothing to do with Ethereum's fundamentals or the market's acceptance of it.
At the current position, the market's recovery is referenced by the U.S. stock market and Federal Reserve policies, which is still not enough to form an altcoin season. The core of altcoin season is timing, favorable conditions, and people. First, there must be abundant funds in the market. With the low-interest environment of the Federal Reserve, there should be continuous incremental funds in the market. Secondly, there must be a correlation with the global capital market bubbles, where the U.S. stock market, as the core capital market, should reach new highs. Finally, market sentiment is crucial; everyone should be immersed in the profit-making effect. Looking back, currently, none of these three points are met; it is just a game of harvesting funds from opposing positions by the manipulators.
So how to cope?
1. The overall trend is referenced by Bitcoin, and if operations focus solely on Bitcoin, it is relatively stable.
2. Do not go against the manipulators; do not think that any coin will drop before it weakens. Everything should be based on market feedback and trends.
3. Do not chase high prices or sell low; missing out will not result in losses. Position appropriately at the right time and earn certain profits.
4. Surviving in the cryptocurrency market is far more important than making money, and it is the most difficult.