In this round of the bull market, anyone who comes will stumble
A very strange bull, $BTC and $ETH split up, Ethereum and altcoins collectively dive, dropping 90% is considered light, to break even it needs to rise 50 times, those who bought the dip become 'cavemen', this is the first time seeing such a situation. In the past, during the bull market, at least the chickens and dogs would rise together, now it’s a strong-eat-weak scenario. The crypto world has never lacked wealth myths, but those who survive to the next bull market are the tough ones who 'dare to cut losses when it falls, and dare to take profits when it rises'—remember, as long as the principal is there, opportunities are there; without the principal, it's all nonsense.
The truth about the market:
1. BTC this round is the 'hard currency of the crypto world', institutions are scrambling to buy and protect, retail investors follow suit and go all in, faith-based funds buy more as it drops, it's hard to fall through;
2. Other coins are all just fluff, lacking technology and scenarios, relying entirely on market makers to pump prices, when they drop there’s not even a splash of water, buying the dip is just giving ammunition to the main forces;
3. Stop-loss is the life-saving bottom line, if altcoins drop 20% and you don’t run, you’re waiting to be blown up by the main force; if it drops 50% and you don’t cut losses, don’t ever think about getting out.
Anyway, I’ve had enough of the 'hundred times coin' nonsense, this round of bull market only recognizes BTC, other coins are speculative chips, make a profit and run, don’t get emotional with the main force; positions must be layered, BTC should take the majority, altcoins should be at most 10% position to test the waters, if you lose it all, so be it, don’t let it affect your mindset; remember to keep an eye on the Federal Reserve's policies and ETF trends, Bitcoin is currently correlated with gold and US stocks, once the policy changes, run immediately, don’t bet on 'after a big drop there will be a rebound'.
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