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Your mindset is your biggest enemy in this bull run. The crypto world is a battlefield. If you can endure, you will stand out; if you can't, you will exit.
Crypto World reported:
The best operational strategy for altcoins in the crypto world at this stage! Regarding the current situation of BTC and ETH, most retail investors or veterans actually know that the market hasn't stopped falling, and the current trend is still in a downward channel, making altcoins even more complicated!!!!!! The liquidity of altcoins is also very poor, with many token unlocks and sell pressures, so what should we do now? Brother Chong offers the following suggestions!
1. If you are a short-term trader and you have U in hand!
The first operation you can do is to take a light position and trade on the second layer, choosing major public chains, or some phenomenon-level memes like DOGE and SHIB, or other quality coins that you recognize! Take the profit and run, or keep your USDT! Only do short-term trades! The second operation you can do is to continue observing, waiting for Ethereum and BTC to stabilize, and when Bitcoin stands firmly above 65,000 and altcoins have seen some increase, you can make a trend-following trade, seeking stability (although the prices of altcoins are low now, the market is not stable yet, and there is still a certain risk!). 2. If you are a long-term player and are in a situation of being fully invested and trapped! Or if you are a long-term player with half a position, there are still some situations!!! Let's talk about the first one: if you have already fully allocated to the track and are trapped, just return to life, don’t get too caught up in short-term fluctuations, and enjoy life. Never let your losses increase too much, and don’t sell your spot to trade contracts. Once you open the hell gate of contracts, your crypto career is basically over!!!! Just wait patiently, Brother Chong is with you!
Now let's talk about the second type: If you are a long-term player and you have USDT in hand, you can send your holdings, the coins you hold, to Xiao Wan for a look. Here, we can reasonably plan your position and make adjustments to your future trading strategies! Overall, the mentality of long-term players is definitely quite strong. The crypto world is like a battlefield; those who can endure will stand out, and those who cannot will exit!
Recently, I have received a lot of private messages, all wondering when the altcoin season will arrive as the market improves, and whether there will be a big bull run afterwards!
Actually, Xiaowan can understand your dilemma! Many people are now holding a bunch of shanzhai, and most of them are stuck, or in a state where they have lost a lot!!
Every time there is a drop or when ETH fluctuates slightly, retail investors start looking for negative news to explain the drop! Will it drop again!! In fact, the market has already shown its direction, what’s the point? It has dropped, what’s the use! We should face it bravely, if we are trapped after a drop, we should find a way to earn it back, rather than getting entangled!!!
Right now, all the coins are falling, with only a small number of solid altcoins. When ETH and BTC are about to wash out, no one can escape!!! There's no need to get tangled up in the issue of switching positions; retail investors can't find good targets, and it’s just a matter of cutting one losing position and switching to another falling coin, nothing more!
In the crypto world, our spot trading is not just a day or two, nor is it a month or two; it emphasizes a long cycle. If you believe there is still a bull run, then all the coins right now are opportunities!!! If you think a bear market has come, then just go short!! Don't get tangled up!!! Xiaowan often says to look forward to the future, which is about the future of the crypto world. That's also why we always say not to do contracts and just play with spot trading, as we fear getting trapped in a scam and being anxious to break even!! If you cut losses and play contracts, you will only end up getting liquidated!! Recognize the reality!! Being complacent will only accelerate your exit from the market and won't help you break even!!! Also, remember to look forward to the future; the bull run has not gone far, and the fear is that you might walk away first!! #币圈#