[There will be a big rise after a big drop. It really deceived too many people]
1. It is very important to understand the usage scenario of this sentence‼ ️
First of all, this statement: There will be a big rise after a big drop is limited to a few mainstream coins. If the scope is narrowed, it is actually limited to Bitcoin.
If you hold a full position in a cottage and unfortunately bought at a relatively high point or bought the bottom halfway up the mountain, this sentence is not suitable. The difficulty coefficient of other cottages is very high
2. Most cottages have fallen by as much as 80-90%. In fact, what is the difference between it and zero?
⚠️Note: You must understand that this decline is not a rise of 80-90% to recover the cost. It will take several times or even 10 times to recover the cost.
For example:
(1) 10w becomes 1w. If you want 1w to turn back to 10w, it has to increase 10 times, that is, it has to increase 1000% to get back the investment
(2) 10w becomes 2w. If 2w wants to turn back to 10w, it has to increase 5 times, that is, it has to increase 500% to get back the investment
All the copycats with a drop of 80-90% can be considered as zero, because the road to recovery is far away, and not all copycats can rebound
3. The decline of big cakes vs. copycats
Big cake drops 5%, copycats drop 20-30%;
Big cake drops 30%, many copycats will go to the 18th level of hell (drop 90-100%)
It is so tragic, the truth is so tragic
4. Of course, there are remedies.
If you have a lot of money and can buy at the bottom and lower the cost, it is OK, but you must pay attention to choosing the currency to buy at the bottom, and make sure to choose it well. Don't choose blindly.
5. Investment is part of life, don't all in, invest with spare money that can bear risks, and don't bet everything. The world is full of uncontrollable things. Being relatively conservative is not being brave, but being sober after seeing the truth.
