Share a method on how to buy cheap altcoins, tested to be effective!
First, let's talk about something else. Bitcoin is 120,000 USD. Do you think that's expensive? It depends on what is used as the underlying asset. If compared to the low point of 15,000 USD in 2022, then it is indeed very expensive. But if Bitcoin rises to 1,000,000 USD in the future, So 120,000 USD is really 'very cheap'. So expensive and cheap are both relative terms. So how can we buy cheap altcoins? Everyone can make good use of the 'altcoin index' indicator. Basically, every year, the altcoin index will bottom out for a period of time. If the bottom formation time exceeds 1 month, we can consider it has completed the bottom formation operation.
I have an idea: either a big increase in September or a big increase in October
However, the possibility of a big increase in September is greater for the following reasons:
1. In previous years, Bitcoin's performance in September has been poor, so this year it might go against the trend, with a direct big bullish candle in September
2. The M2 liquidity in September is the highest, and then it starts to decline. Moreover, Bitcoin's trend has been diverging from the M2 trend for quite a while, so it's unlikely to diverge for too long
3. There is a high probability that interest rates will start to drop in September, and Bitcoin is likely to peak in October, so a big increase in September seems reasonable in terms of timing
The above is purely personal speculation; if I'm right, consider me impressive; if I'm wrong, forget I said anything 😂
This round will definitely have a shanzhai season, but unlike the previous two rounds, this round's shanzhai season is unlikely to be smoothly pulled up and last for a long time.
More like the shanzhai market at the end of last year, where most of the time was a sideways market, and only in the last half month did it pull up directly.
For example, in three months, the first two and a half months were sideways, and only the last half month was the main upward wave market.
So this round of shanzhai season indeed tests patience and perseverance.
The shanzhai index has already detached from the bottom since early July, and it has been about two months now.
From a timing perspective, it indeed came quickly.
Since we have already waited so long, what’s the harm in waiting another 1-2 months?
A Simple Talk About the Appearance of 3 Rounds of Bull Markets
As someone who has experienced three bull and bear cycles, I think many new investors may not have felt the kind of frenzied bull market like before So next, I'll briefly talk about my experiences and feelings, so everyone can have a taste of it, haha
2017 Bull Market: Back then, not only were there 10x coins, but also 100x coins everywhere, and there were even '10,000x coins' A friend of mine told me he sold his Dogecoin too early, missing out on more than 10 million He told another person to invest 500,000, but that person only dared to invest 100,000, and as a result, it turned into more than 10 million At that time, they acted as recharge agents, responsible for helping clients recharge funds for a certain platform. At the peak, they earned over 10,000 a day
This year there is a high probability of a counterfeit season, the reason is very simple, based on the past years' counterfeit index, the counterfeit index basically reaches its peak every year.
So this year the counterfeit index is very likely to reach its peak again, and when that happens, the counterfeit season will naturally arrive.
If you are full of counterfeits and are optimistic about the future market, then just wait patiently.
Not only because of the cycle, but also due to liquidity But relative to the explosive bull markets of 2017 and 2021 This year's bull market is unlikely to be an explosive bull market Why? Back in 2017, although it was a rate hike cycle, the liquidity was not that strong But there are very few coins, so tenfold and hundredfold coins are everywhere Back in 2021, although there were many more coins But because it is a rate cut cycle, the liquidity is abundant So there are still many tenfold and hundredfold coins appearing But what about this year? Not only are there more coins than before Moreover, the liquidity is not that good
Which of the 2 scenarios in a bull market do you prefer?😀
Scenario 1: At the end of August and early September, there will be a wave of pullback, followed by a significant surge, with Bitcoin rising to over 150,000 and Ethereum rising to over 6,000, along with a major upward trend in altcoins. Finally, there will be a last wave of significant decline, entering a bear market.
Scenario 2: From September to early October, there will be a deep pullback, with Bitcoin possibly dropping to the 90,000 range or even the 80,000 range, and Ethereum pulling back to the 30,000 range, before a significant surge. By the end of the year, Bitcoin will rise to over 150,000 and Ethereum will rise to over 8,000, with a major upward trend in altcoins. Finally, there will be a last wave of significant decline, entering a bear market.