On October 19, 2024, a special phenomenon occurred in the market: only Bitcoin was rising, which made many investors feel painful because they did not invest in Bitcoin or thought that the return rate of Bitcoin was too low.
This situation may continue for some time, because those assets that can follow the rise of Bitcoin have already done so. Those assets that did not follow the rise of Bitcoin may have to wait until Bitcoin reaches a certain price level and starts to fluctuate sideways before the phenomenon of compensatory rise will appear.
For example, when the overall market rose last September, BNB did not follow the rise. It was not until January of this year when Bitcoin began to fluctuate that BNB began its overcorrection and doubled in a short period of time.
The more undervalued assets are, the greater the subsequent correction may be, but this only applies to those assets whose fundamentals are still solid. Investors should not try to seize every opportunity, but should be patient and wait until a good investment opportunity appears. Once an opportunity is seized, it should be cherished and not given up easily.
It is always better to be prepared in advance than to regret it later. Assets that perform poorly at the beginning may eventually become strong as long as the fundamentals remain solid. And those assets that seem perfect at the beginning may eventually cause you to suffer heavy losses.
Investors should not abandon undervalued assets for some small profits and chase those that have risen. When the market is overheated or full of panic, forgetting your investment principles may lead to serious consequences.
Investors who pursue perfect operations often fail because the market is always full of uncertainty. Black swan events are not terrible because they will be corrected by the market soon. What is really terrible is that the market is over-bubbled because this will trigger a long-term bear market.
For those altcoins that have experienced a bear market, they may never reach new highs again.