The approval of ETF spot ETF will lead to the outbreak of altcoins. After the approval, some institutions will be exposed to more new applications other than digital gold. It shows that ETFs and similar products will no longer be classified as a single Chinese securities. This position is very important. It will also bring a lot of funds to the altcoin market. Unlike BTC investors, these investors pay more attention to technological growth rather than the macroeconomic environment. The more hype the ETH spot ETF is, the more beneficial it is to the entire altcoin market. The altcoin season that everyone is looking forward to is coming.
Brothers, I just added to my position in about three altcoins. Let me talk about some of my views on altcoins. I will not talk about the specific three altcoins. In fact, I think many altcoins have reached a so-called standard fear investment position. Speaking of fear investment, it is actually a reverse action based on market sentiment. Fear investment is panic investment. There is also an opposite word, called greedy selling. These two are actually investment and trading actions based on market sentiment. Now, there are actually many altcoins. You can check the market yourself. Many altcoins on the market have actually been halved from their highs. They may have fallen by 50% or more than 60%. That's all. I just covered my position. There is actually no myth of getting rich quickly in the market now. No one will talk to you about the altcoin, and no one is pushing the altcoin. This is actually a standard panic time. I personally think that panic gives you many opportunities to buy. It's not that you can only buy in 5 days, not one, two, three, four or five days. No, you can buy it even within half a month. But I am not recommending everyone to buy it. I am just expressing these views to support my own trading decision. Okay, all my remarks do not contain any investment advice or speculative views. Brothers, what do you think of altcoins? Let's talk about it in the comment section.