🔥How should we position ourselves with altcoins? Will altcoins plummet?
Two scenarios:
The first scenario is that Bitcoin continues to attract funds, causing the altcoin market to stagnate. In this case, altcoins can only wait for Bitcoin's movements, and there won’t be much opportunity temporarily.
The second scenario is that funds flow into Ethereum, driving the price of Ether up, at which point altcoins may also follow suit. If this happens, investors can appropriately 'chase the rise'.
However, if Bitcoin experiences a pullback, the decline in altcoins is often larger, not just a simple pullback, but there may be a phenomenon of funds 'flooding out'. Therefore, in the absence of a clear direction, it is best to remain cautious and wait for clearer market signals.
As for the future market trends, many people are optimistic about the market's rise after Trump takes office in January next year, as the U.S. is viewing Bitcoin as a strategic reserve, and other countries may follow suit, which will further drive up Bitcoin's price. Additionally, publicly traded companies like Microsoft are starting to participate in Bitcoin purchases, which may sustain Bitcoin's rise.
Regarding the performance of altcoins, historically, in the 7 months following each Bitcoin halving, altcoins typically enter a rising cycle, especially during the November to December period, where the increase in altcoins is often very rapid, but also equally swift. Therefore, if one wants to seize the opportunity, early positioning is necessary.
For example, on November 2, XRP was bought near 0.5, leading to a profit of 440%; on November 21, when ENS was purchased around 17.5, it has now generated a profit of 140%. This highlights the volatility and potential of altcoins, reminding everyone to seize timely investment opportunities.
In summary, now is a time to observe and wait for more explicit signals from the market before making any moves, especially paying attention to Bitcoin's pullbacks and the flow of funds.
At the same time, I plan to position for a potential coin that has a chance of skyrocketing, doubling is quite simple, with an expected upside of 10 times or more.
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