Is it really hopeless with a handful of altcoins?
The crypto market is like a roller coaster, soaring today and plummeting tomorrow. The retail investors are left with a handful of altcoins, as if they are holding a pile of 'lottery tickets,' praying every day to hit the jackpot!
Recently, many friends have been frowning at the altcoins in their hands, constantly complaining to me that they will never buy altcoins again. Will they really not buy anymore? Back in December last year, I suggested selling off as many altcoins as possible to exchange for Bitcoin or ETH, or BNB, at least to hold some quality altcoins. Positioning is very important.
Look, the Solana (SOL) in their hands is like 'The Flash,' so fast it’s dizzying; Dogecoin (DOGE), relying entirely on a single tweet from Musk to take off, is practically 'Twitter Coin.' And those Pepe coins and Shiba Inu coins (SHIB) are just 'meme wars,' where whoever's meme is popular sees their coin rise.
However, the reality is harsh. The altcoin market is like a 'casino,' with retail investors placing crazy bets at the 'gambling table' every day, and the result is often 'win a club model, lose and go work.' The CEO of CryptoQuant has stated that the era of widespread altcoin rallies is over; now it's a 'selective season,' and most altcoins are destined to be 'cannon fodder.'
So, retail investors, don’t just focus on 'going all in,' save some money for instant noodles, after all, the winter in the crypto world could be colder than a bear market! Everyone can chat in the comments about which altcoins you hold.