The bloody advice from old investors in the crypto space: This is how to survive this round of altcoin season.

At 3 a.m., the crypto space is once again showing extremes: some show off turning $500,000 into $80,000, while others flaunt PEPE's 12 times holdings. This is the most real portrayal of the current situation— the era of easy money is completely over, and the myths of 2021 will never be repeated.

1. Why is buying altcoins now like giving away money?

  1. New coins are as numerous as cows

    Last year alone, over 5,000 new coins were launched, averaging 13 per day. Your money just went in, and it was harvested by the next 'hundred times coin' story.

  2. Funds are severely insufficient

    In the 2021 bull market, the total market value surged from $1 trillion to $3 trillion; now it’s not even $2.5 trillion. With over 30,000 coins fighting for this little money, most are destined to go to zero.

  3. The big players' tactics have changed

    Now big players only trade 3-5 coins; the others are used for 'fishing'. In the first half of the year, SOL rose five times, while 80% of altcoins fell; this is the stark reality.

2. Coins that can rise five times have these three solid proofs.

  1. The big players are secretly accumulating.

    Look at the on-chain data: small addresses are selling, large addresses are buying. I discovered SOL last year with this, going from $10 to $120.

  2. There is real skill involved

    PEPE relies on community hype, APT relies on technical strength. Those coins that only play concepts will become traps when they rise.

  3. There are fewer trapped positions

    Coins that drop 90% are easier to take off than those that are halved. Those that are down 80% and still consolidating are the real targets now.

3. This is how to operate in the second half of the year to make money.

  1. Diversify your investments

    Use 30% of your funds, buy 5%-8% of each coin. Last year I heavily invested in one coin, and the project team ran away; diversification is the key.

  2. Strictly take profits

    Sell half when it doubles, sell everything when it five-times. Don’t believe the nonsense of 'it can still go up 10 times'; securing profits is what truly matters.

  3. Cut losses when necessary

    Is it down 70% and still not at the bottom? Are the whales fleeing? Quickly switch positions. I cut 80% of my coins in 2020, switched to ETH, and made ten times back.

Zhuque's perspective:

Next year’s bear market will be even worse; this may be the last wave of making money opportunity. Don’t be greedy; run after making 2-3 times, and you have already outperformed 90% of people.

Remember: Altcoins are like beautiful women in a nightclub, they look great but you must leave before dawn. Choose the right coins, manage your positions well, and retreat in time; this is the survival rule in the crypto space.

If you want to make money, don't be a lone warrior! Follow me, comment and let me know your thoughts, let's seize the lucrative opportunities in the bull market together.

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