An old investor who entered the market in 2011 has something to say
In the market,
The effect of choice being greater than effort is particularly obvious.
6 years ago you bought Bitcoin and Ethereum,
A hundred times for sure.
The darkest time of the last bear market was 312.
Bitcoin price is 3800, Ethereum 88,
The peak of the bull market is 69,000.
Ethereum is at 4800,
I'm not good at math, please help me calculate it.
Ethereum has increased 60 times
If you choose altcoins,
There is a high probability that the principal will shrink by more than 10 times.
I have not made any money and have suffered huge losses.
The most important thing is to miss the bonus period of time.
If you want to make money in the future, you can only wait for the next cycle.
Since I entered the market, there have been at least tens of thousands of cryptocurrencies.
Especially for projects issued in 2018-2019,
Many of them are gone now. During that period, there were many new projects almost every day.
But after 3 months, most of them ran away.
Many project owners switch to the next project after launching one.
Continue to cut, so the probability of altcoins is this year,
The next cycle may not be here,
Altcoins in a bear market are not worth buying at all.
For newcomers,
Prioritize holding Bitcoin and Ethereum,
If these two can’t rise, how can other altcoins dare to rise?
Bitcoin and Ethereum have gone through multiple bull and bear markets.
However, many altcoins peaked as soon as they debuted.
After that, it kept falling and never returned to its previous price.
The next cycle may not be there.
Investing in Bitcoin in a bear market is undoubtedly the safest way.
Because in the early stage of the bull market, Bitcoin will definitely lead the market forward.
After waiting for a while,
The altcoins will be launched one after another.
Of course, fixed investment is not just random investment.
Invest xx yuan every month, or buy 20% of the bottom every time there is a big drop.
It’s hard to say about other coins.
But Bitcoin will definitely rise.
Hold on until the next halving cycle,
I believe the benefits will be substantial.
For us retail investors,
In the absence of financial advantages and news,
The only thing that can determine it is patience.
Before the market is determined,
The safest thing is to wait patiently for the opportunity.
Want to make money in the financial markets?
It is much safer to wait patiently for opportunities than to act blindly on your own.
If you don't even have patience,
If you want to make money, you can only rely on God.
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