"A 90% drop is not enough? The truth and misunderstanding of the timing of altcoin bottom-fishing"

Why are altcoins usually considered to be the right time to bottom-fish when they fall by more than 90%?

The reason lies in the characteristics of the bear market. When the market leaders experience a rapid correction, altcoins often follow closely, with an initial drop of 20% to 50%. Therefore, when bottom-fishing, experienced investors will give priority to mainstream currencies, which are usually more stable and have a certain market influence.

However, when the index of Bitcoin or other mainstream currencies gradually returns to a more benign state, investors begin to pay attention to and layout the altcoin series. This is because altcoins often show greater upside potential when the market rebounds. But investors must be cautious, because even if the altcoin has fallen by 90%, it cannot be simply considered that this is the bottom. The market is volatile, and altcoins may continue to fall after reaching a 90% drop, or even fall another 90%, which means that the total drop may be close to 99.9%.

However, we are not in a bear market at present. Therefore, the best strategy for investors at this stage is to hold their positions and wait for the market to rise. Only when the preset target is reached can they consider selling. In the investment process, it is very important to remain calm and patient. #山寨季何时到来？ #抄底