Is there still hope for altcoins?
1. Currently, the altcoin market is overly pessimistic, leading to a loss of liquidity. Once the market stabilizes, many altcoins will rebound quickly. Don't think that altcoins will keep falling forever; the market isn't lacking in funds, at least not in the crypto space. What is lacking is confidence and the expectation of a relaxed environment.
You ask me where the bottom is, I don't know; the bottom is created by retail investors buying, not by guessing.
2. An altcoin season will definitely come, but it will no longer be the kind of broad-based increase we saw in past bull markets. Good projects may see returns of dozens or hundreds of times, while poor projects are highly unlikely to outperform the market. Choosing the right projects is very important; if you choose wrong, being willing to switch is even more important. Don't let sunk costs drag you down.
3. In previous bull markets, as long as you could buy and hold, you were fine. This round of bull market has faster capital switching; for altcoins, you need to know when to sell and take profits. Don't let excessive ambitions lead you to lose all your profits when the bear market comes again.
Finally, the longer the Federal Reserve maintains high interest rates, once an economic recession occurs, the quicker the rate cuts will be. We are currently at the tail end of rate hikes and experiencing economic downturns, and it is uncertain when the rate cuts will come, making this the most painful time. Confidence is more precious than gold; we must believe that the future will return to a relaxed monetary environment. Don't fall before dawn, don't hold on stubbornly, reduce leverage, and survive!
