$BTC from 2,000 USD to 210,000 USD, my cryptocurrency trading comeback!
In the past, I liked to buy low market cap coins, thinking the cheaper the better. But after two weeks of trading, I suffered huge losses, going from 20,000 USD down to only 2,000 USD.
Then I changed my strategy: I only bought coins with a market cap of millions and new narrative leading coins. With this, I purchased 2M of ban, 4M of luce, etc., successfully increasing my 2,000 USD to 210,000 USD. Although my wallet was stolen later, this also proved that my method was effective.
However, the market is volatile and cruel. The issuance of pumpfun coins has surged; in the past, multiple large market cap coins could rise, but now most crash around 1M. Recently, coins relying on emotional traffic for promotion have also frequently failed. This has led to some failure in my strategy, but I still insist on not buying coins below 200K or internal market coins. Because the issuance of coins has increased, competition among low market cap coins is fiercer, and a crash could happen at any time.
A few days ago, I noticed changes in the market: the number of big dogs has decreased, making selection more difficult. In line with my strategy, I tried to balance by buying 1.7M of UBC, etc. Recently, I have restrained my purchases to avoid traps. I recommend reducing purchases, and I also only buy a small amount, so I haven't suffered major losses. But everyone’s strategy is different; some may think I bought too high or managed my positions poorly. This is the downside of blindly following others.