An old investor who entered the market in 2017 says something.
In the cryptocurrency market, the effect of choosing is particularly significant compared to effort.
Six years ago, you bought Bitcoin and Ethereum, and you definitely have a hundred times return.
The darkest time of the last bear market was at 312, with Bitcoin priced at 3800, Ethereum at 88, and the peak of the bull market was at 69000, with Ethereum at 4800. If math is not good, please calculate, Ethereum has increased by 60 times.
If you choose altcoins, there is a high probability that the principal will shrink by more than 10 times, continuously losing money, and also experiencing significant losses. The most important thing is missing the time of the bonus period, so thinking about making money later can only wait for the next cycle.
Since I entered the market, there have been at least tens of thousands of cryptocurrencies, especially projects issued in 2018-2019. Many of them are no longer around. During that time, there were basically many new projects every day, but after three months, most of them had run away. Many project teams would hype one project and then switch to the next, continuing to exploit. Thus, altcoins are likely to be here this year, but may not be in the next cycle.
Bear market altcoins are not worth investing in. For newcomers, it is better to hold Bitcoin and Ethereum first. If these two do not rise, which altcoins dare to pull up? Bitcoin and Ethereum have gone through multiple bull and bear markets, but many altcoins peaked upon debut and then fell all the way down, never returning to their former prices. The next cycle might not even exist.
Investing in Bitcoin during a bear market is undoubtedly the safest approach, because in the early stages of a bull market, Bitcoin will definitely lead the market forward. After a while, altcoins will start to take off one after another. Of course, dollar-cost averaging is not just random; invest xx dollars every month or buy the dip by 20% during significant drops. It's hard to say for other coins, but Bitcoin will definitely rise. Stick to it until the next halving cycle, and I believe the returns will be considerable.
For us retail investors, without a capital advantage and information, the only thing we can control is patience. Before the market situation is confirmed, patiently waiting for opportunities is the safest. If you want to make money in the financial market, patiently waiting for opportunities is much more prudent than blindly operating.
If you don't even have patience and want to make money, you can only rely on luck.
Still the same saying, if you don't know what to do in a bull market, click on Aze's avatar, follow, bull market spot planning, contract passwords, and share for free.
