What to do in the face of numerous altcoins backlog?

Perhaps many friends in the crypto circle have this concern: the value of the altcoins in hand keeps shrinking. Many people often consult me for strategies to cope.

I personally believe the choice is to shift holdings towards stronger performing coins, such as ETH, SUI, XRP, etc. But the timing for conversion is a tricky issue. I once planned to make adjustments during a rebound, but the coin values have been sliding day by day, and after waiting for weeks, I still haven't seen a suitable opportunity. It pains me to cut losses directly.

I plan to adjust my portfolio after a rebound at the beginning of next month, clearing out those low-quality coins that have fallen below their value. Last weekend, I already carried out some clearing operations (to guard against drastic declines at the end of the month).

Given the current situation, I choose to remain on the sidelines, as the market is expected to experience large-scale short squeezes. Most Meme coins have plummeted by 80%, and there has been no significant rebound in the past month, indicating that the short forces have not covered their positions, while the bulls have already collapsed.

It is expected that the oversold altcoins will soon see a significant rebound due to short squeezes, which may be the last exit opportunity. As junk coins continue to emerge, it seems that zeroing out is their final fate. Even if there is so-called altcoin season, it must go through a consolidation and accumulation phase.

After experiencing the baptism of altcoins, I increasingly understand why coins like ETH, SUI, and XRP can remain strong. These coins are supported by operational institutions, have income sources, and some can generate interest through staking, thus having higher consensus and lower selling pressure.

In the crypto circle, only by surviving long-term can one continuously welcome new opportunities. If you miss one chance, there will be another; the important thing is to try to preserve the principal.

Feeling confused and unable to find a way out? The market is turbulent right now, walking alone is lonely. I am K God; only those who resonate together can gather!

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