Does that altcoin still have a future? I firmly believe it does. What capital truly harvests is cognition. The general bearish expectation towards altcoins will lead to a day when liquidity is abundant, and the bears will be severely harvested, becoming fuel for the rise. Off-market funds will be attracted by the price increases and rush in, marking the grand opening of the altcoin season! Before that, find ways to survive!
Does altcoin still have a future?
Hello everyone, I am trader Zhu Yidan. Due to the ongoing negative news from the Middle East war, the recent market has been sluggish, and altcoins have dropped into another price range. Trading volume is weak, and many people have lost confidence and chosen to exit the market.
However, the bears haven't made much money either. The market is still above 100,000, and even Ethereum remains relatively strong. From my past experience, once negative news turns positive, it often leads to a strong rebound. Therefore, my view is that unless a third world war starts, the overall direction remains firmly bullish.
As for altcoins, I have always emphasized that it is a scam, and I believe more and more people are realizing this. It is a vehicle for capital to harvest from us. Altcoins cannot establish any patterns; they can only compete for liquidity, which means focusing on popular coins. As for obscure coins, the selling pressure will increase as project teams unlock their tokens. This requires high trading skills and strategies, and we are at a significant disadvantage compared to institutions and project teams. To seize opportunities, one must have real skills.
So, does altcoin still have a future? I firmly believe it does. The real harvest of capital is in perception. The general bearish expectation towards altcoins will lead to a day when liquidity is sufficient, and the bears will be severely harvested, becoming fuel for the rise. Off-market funds will be attracted by the price increase and rush in, marking the grand opening of the altcoin season! Before that, we must find ways to survive!
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