Today I will briefly talk about my views on selecting altcoins. The premise is to hold spot assets and not use leverage. Altcoins are like searching for needles in a haystack, but for us ordinary people, altcoins present more opportunities than Bitcoin! Choose five, if one takes off, you can achieve 30x returns as a base, 100x as a standard, and 1000x if it's meant to be. The first point is to avoid old altcoins that have dropped more than 95% in historical prices, such as shib, fil, and eos, as they are leftovers for others. The second point is to look for accumulation at the bottom with increased volume; no matter where it is, as long as there has been increased volume for more than two months, it indicates that institutions are accumulating. At this point, you can build your position in batches. Do not worry about short-term fluctuations with spot assets. For example, look at om and see if it had increased volume during the bottom months. Although it has surged now, I also bought when institutions were accumulating, but I couldn't hold on and only achieved 30x returns. I can only blame my lack of understanding. If the above two conditions are met, even if this coin doesn't take off, you won't lose much. Such coins are rare! The cryptocurrency market is not short of opportunities; learn more, reflect more, as your understanding determines your wealth. When wealth comes, you need to be able to manage it. When the market starts moving, if your account grows by tens of thousands every day, and you can't eat or sleep well, then you can't manage that wealth. I have experienced this; I couldn't hold on, it was too tormenting. After selecting well, build your position in batches, and once your position is complete, patiently wait, leaving the rest to time! The above is my personal view, for reference only. If anything is incorrect, please bear with me! Have a great weekend!
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