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Dare to trade. Dare to win.
Your mindset is the biggest enemy in this bull run. The crypto world is a battlefield; those who can endure will stand out, while those who cannot will exit.
Crypto World Report:
The best operational strategy for altcoins in the crypto world at this stage! Given the current situation of BTC and ETH, most retail investors and veterans know that the market has not stopped falling; the current trend is still in a downward channel, and altcoins are even more difficult to discuss!!!! The liquidity of altcoins is also very poor, with many tokens being unlocked and a lot of selling pressure. So what should we do now? Brother Chong gives everyone the following suggestions!
1. If you are a short-term trader and you have USDT on hand!
The first operation you can take is to trade with a light position on the second layer, choosing major public chains or phenomenon-level memes like DOGE and SHIB, or other quality coins that you recognize! After trading, just run and keep your USDT! Only do short-term trades! The second operation you can take is to continue observing, waiting for Ethereum and BTC to stabilize. When Bitcoin stands firmly above 65,000 and altcoins have some gains, you can take a trend-following position, seeking stability (although the current prices of altcoins are low, the market has not stabilized, so there is still a certain level of risk!). 2. If you are a long-term player and are fully invested but stuck in a position! Or if you are a long-term player with half of your investment in, there's also a part of the situation!!! Let's talk about the first scenario: If you are fully invested and have configured your portfolio but are stuck, just return to your life. Don't get too caught up in the short-term fluctuations, enjoy life well. Don't let your unrealized losses get too large and sell your spot holdings 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!
Let’s talk about the second type: if you are a long-term player and have USDT, you can share your holdings and the coins you hold with Xiao Wan for a reasonable plan on your position and adjustments to your future trading strategy! Overall, the mentality of long-term players is definitely strong; the crypto world is a battleground, those who can endure will stand out, while those who cannot will exit!
I have received a lot of private messages recently, all wondering when the altcoin season will come as the market is improving, and whether there will be a big bull run afterward!
Actually, Xiaowan can understand your confusion! Many people are now holding a lot of counterfeit coins, and most are stuck in a losing position, or you could say most people are in a state of significant losses!
Every time there is a dip or when ETH fluctuates a bit, retail investors are everywhere looking for negative news to explain why it dropped! Will it drop again!! In fact, the market has already shown its direction, what use is it? It's already dropped, what use is it! We should face it bravely; if we've been caught in a dip, we should find ways to earn it back rather than getting tangled up!!!
Now all the coins are down, only a few hard altcoins are holding up. When ETH and BTC are about to wash out, no one can escape!!! There's no need to get tangled up in switching positions; retail investors can't find good targets, and all they do is cut a losing position and switch to another falling coin, that's all!
The crypto world has not been about spot trading for just a day or two, nor for a month or two; it emphasizes a long cycle. If you believe there's still a bull run, then all the coins now are opportunities!!! If you think a bear market has come, then go short!! Don't get entangled!!! Xiaowan often says to be optimistic about the future, looking at the future of the crypto world. That's also why it has always been said not to do contracts; just play with spot trading. What worries me is that you might get stuck with a shanzhai and be anxious to break even!! If you cut losses and play contracts, you'll only have the risk of being liquidated!! Be clear about reality!! Contentment will only accelerate your exit from the crypto world; it won't help you break even!!! Also, remember to stay optimistic about the future; the bull market hasn't gone far, and what we're afraid of is that you take a step out first!! #币圈#