Many people say: The altcoin season is coming, I smile and remain silent, what do you think? #山寨季何时到来？
On October 11th, the crypto community experienced an epic earthquake, with Bitcoin plummeting by 20,000/over 1000 points, and altcoins fared even worse than a halving, with some varieties even nearing zero at one point; the downward trend is fierce, and if you hold a lot of altcoins, the feeling of wanting to cut losses but not being able to is truly love-hate...
Old brand coins led by FIL, DOT, EOS, are you feeling like they're about to go to zero? The once-popular ORDI has dropped so much that even its mother wouldn't recognize it. This is not an isolated phenomenon, but a widespread issue.
Last week saw another wave of significant declines, altcoins are like a helpless underdog, remaining weak; even if there is a rebound, what difference does it make? SOL, XRP, DOGE, and others remain relatively stable, although their investment value is weaker than mainstream coins, they are suitable for retail investors with limited capital.
There will be no more altcoin seasons; spot and futures need to be invested based on individual circumstances to maximize their value. Currently, many small investors still hold a large number of altcoins; I can only say if it can rebound to the position you expect, you can take profits and exit early, and then seize the subsequent opportunities well.
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