In the crypto world over the years, I've tried various strategies. Initially attracted by the meme coin craze, coins like Dogecoin and SHIB with their 'weird names' would double in value, and I couldn't help but go all in. As a result, I found that they rose like rockets and fell like waterfalls, earning and losing, almost losing all my capital.
Later, I switched to the futures market, where the thrill of leverage made my blood rush. But futures trading is like playing with fire; a slight reversal in the market would trigger a liquidation notice. Once, I added 5x leverage, thinking I had a good trend, but the market consolidated for three days, and the interest consumed 20% of my capital, making me realize that this place isn't for ordinary people in the long run.
What truly brought me close to a million were the altcoins that many people despised. During the bull market of 2021, I picked a few reliable projects from solid teams and set my positions early. In three months, my 100,000 capital soared to 1.2 million. Although I didn't lock in all the profits in the end, I genuinely tasted that million-dollar feeling.
This kind of strategy requires a keen sense, the ability to endure the loneliness of sideways markets, and the skill to exit timely.
Now the market has changed; the funding frenzy brought by interest rate cuts is gone, and the altcoin market resembles a kite with a broken string. Last year, I could still make some small profits from swings, but now I can't even see the shadow of an altcoin season. Many people are still operating with a bull market mindset, unaware that the market has long changed its playbook. Instead of fighting in a saturated market, it might be better to study new public chain ecosystems; perhaps I can catch the next wave of opportunities.
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