Today, Sister Miao will discuss with you: Can altcoins still be played?
Some people say: "There will never be another altcoin season." Every time altcoins plummet, someone will say this. But in fact, the altcoin season will still come, which is a turning point for the bull market to bubble.
In each bull market cycle, the first to rise are large-cap coins: "Bitcoin, Ethereum, and then platform coins." New narratives and concepts will replace old narratives and concepts. Now, the new narrative has not really appeared, but it will appear in the late bull market, and it is definitely not the previous DEFI, local dog, and metaverse.
Finally, it is the turn of the old altcoins and old currencies to bloom. It may soar several times in the last one or two months of the late bull market, and enter the bear market after reaching the top, leaving a mess.
BNB has broken a new high, so can altcoins be played?
My answer is yes, the key is to "control the position ratio" and use a fixed position ratio to gamble.
Now Bitcoin has fallen by 12%, Ethereum has fallen by 14%, and altcoins have generally been cut in half, with a drop of about 50%. Many people made money on Bitcoin and Ethereum, thinking that since Bitcoin has broken through its historical high, the altcoin season is coming soon. In pursuit of higher odds, they exchanged their coins for altcoins. As a result, the profits were greatly withdrawn, and even the principal and interest were returned.
You can play with altcoins, but you must always remember: "Small positions, fixed ratios, never gamble with heavy positions."
You can use small positions to win big with small, but the losses must be limited!
