The biggest operational misconception in the crypto world in the past two days: Selling off altcoins right now!
I have noticed that market makers are starting to create some false selling information about altcoins, while many people are urging everyone to sell their altcoins to engage in contract trading. Take my advice: this is a sure way to lose!
1. A month ago, when altcoins were at their peak, I specifically wrote an article to inform everyone that there are only two chances a year to escape the peak with altcoins; when prices rise, you must sell. If no action was taken back then, your positions should have shrunk by 30%-40% by now. However, selling off now has no operational significance; many altcoins have already dropped by 80%, almost reaching historical lows, and some coins have even touched their launch prices.
2. Brothers, don’t lose heart, because there will definitely be at least one more chance to escape the peak with altcoins in the second half of the year.
(1) Bitcoin's market share has reached a historic high of 65.4%, and it will definitely pull back; altcoins will definitely have a rebound.
(2) Altcoins have been thoroughly washed out for half a year, almost absorbing all the market's selling pressure; the market is very light, and the cost to pump is extremely low.
If market makers want to make money, even if it's just on the last wave, they will still have a demand to pump the market. Recently, the Binance gainers list often features coins that have increased by more than 30% in a single day, which have been consistently pumped for several days.
(3) A large number of altcoin ETFs have recently been repeatedly denied and are still awaiting approval.
I just want to ask you, brothers: What do you think market makers are up to?
