Pain and Hope

Recently, the cryptocurrency market has plummeted severely, and everyone is feeling miserable. Those heavily invested in altcoins are even worse off, and I, with my full investment in subpar altcoins, am the most miserable. There's no way around it; I don't have much capital and am hoping for a bull market to turn things around. Buying Bitcoin is not an option. Investing in quality altcoins is also impossible for me since I'm not leveraging; the only choice I have is subpar altcoins.

Gains and losses come from the same source; subpar altcoins can rise sharply, but they can also fall hard. If you buy mainstream cryptocurrencies, they drop less when the market falls and rise less when it goes up. Cowardly investors don’t deserve to get rich. I’m talking about those without money; as for the big players, I definitely recommend diversifying into mainstream cryptocurrencies, avoiding leverage and shorting. Those big players who still leverage and short are foolish and don't deserve their wealth; they will eventually pay the price.

Everyone is in extreme pain and no longer believes in a bull market. But I have always believed that there will be a significant bull market in the cryptocurrency space; it cannot just be a fleeting moment. Capital needs to be reshuffled; it needs to be driven up so that retail investors can take over. Some say that capital has already reshuffled and is well-fed. I disagree. This phase is merely a bull market for Bitcoin and MEME tokens; other coins haven't really had their moment. Capital isn't just one entity; there are at least hundreds of thousands of institutions and big whales worldwide, and the vast majority haven't had their share yet, and many are still being beaten down. One day, they will drive the market up, but this requires timing. When the timing is not right, a few institutions can take the lead, while others can crush you. When the timing is right, everyone will go crazy and drive the market up, which will kick off a capital hunting feast, and that will be our opportunity as small investors to turn things around. Perhaps it will happen within the year.