Today's topic: Continuing the discussion on altcoin season! 1. Is there capital playing in altcoins? Using the example of $PROMPT, which I've been tracking this round (75-11 round), I don't believe there's no capital playing here. Just look at the chart; it's drawn so professionally! 2. Is it suitable for retail investors to play altcoins at this stage? I made a move at the last 16% bottom. I remember posting about it; when I woke up in the morning, my position was up over 10 points, and then it got pulled back. From over 10 points profit to 3 points, I was passively stopped out. The damage wasn't severe, but it was highly insulting! 3. What’s the logic behind playing altcoins? I've mentioned before that altcoins can cover the same distance as Bitcoin does in 10 years in just a few months, weeks, or even days! So why do we play altcoins? It's to bet on their short-term explosive potential! Bitcoin might take 3-4 years to go from 15,000 to 150,000, a tenfold increase, but an altcoin can go from $1.50 to $15 in just 3-4 weeks. This is the underlying logic for us to play altcoins. 4. How and when to play? You see Bitcoin is currently consolidating at a high level, not pulling back. Is $PROMPT feeling emotional? It doesn't dare to move. If you are the market maker for the altcoin, are you going to pump it now? Good! I just pumped it, and Bitcoin dropped! Am I a dog market maker? Is my money not money anymore? Am I lifting the retail investors? For us retail investors, if we want to play altcoins, here are a few points to pay attention to, which can at least increase the odds: 1. The overall market is very important. When the market drops to the bottom, altcoins usually drop to the bottom in sync or have already bottomed out and are just consolidating. How to tell? Look at the last wave of Bitcoin dropping from 83 to 75; those altcoins that didn't break new lows or didn't break new lows by much are good altcoins; 2. The sector is very important. AI, MEME, and the E-series that seemed very strong a few days ago are worth paying attention to; 3. Altcoin investments should not be monotonous; do not go all in. When playing altcoins, you must first convince yourself that you can withstand higher volatility. The most effective way to endure higher volatility is through position control.
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