$NIGHT Playing altcoins in a bull market is never a straight path to wealth.
It's more like a psychological battle: first giving you hope, then letting you despair, and only finally deciding whether to grant you wealth.
Stage One: Sweet Trap
Before an altcoin starts, it often pulls back 30%-50% first to give you a taste of sweetness.
You think you've seized the opportunity, but this is just the dealer's 'bait'—making you excited to enter, while you're unaware of the larger volatility hidden behind.
Stage Two: Brutal Washing
When you think the trend is set, the price suddenly turns down, and a 50%-80% pullback is commonplace.
This stage specifically targets two types of people:
Retail investors who enter at a high will collapse mentally with a 10% drop;
Players who can't withstand volatility cut losses before dawn.
The operator uses this kind of 'grinding market' to eliminate indecisive holders and clear obstacles for future rises.
Stage three: the gift of the main surge
If you have endured the first two stages, the real market will begin.
The coins that are most tortured in the early stage often experience the most violent main surge—three to five times is normal, and ten times is not uncommon.
But the key is: most people fall at the second stage, not even seeing the door to the third stage.
Why can’t you hold onto altcoins?
Overestimate patience, underestimate volatility
You saw the right direction but lost to the amplitude. Accounts fluctuate between red and green; few can withstand this rollercoaster feeling.
Mistaking a washout for a crash
When operators wash out, they deliberately create a panic atmosphere: negative news, large orders smashing the market... If you haven't set a stop-loss line in advance, it's easy to get shaken out.
Always wanting to eat the whole fish, instead missing the fish body
Many people try to precisely catch the bottom and escape the top, ending up buying on the slope and selling at the foot of the mountain. Those who can truly make big money are often the players who 'do not pursue perfection'.
Three principles for enduring the dark period of altcoins
Invest with spare money; even if it goes to zero, it won't affect your life;
Set a mechanical stop-loss line (e.g., -20% forced exit) to avoid emotional interference;
After the main surge starts, take profits in batches (sell a portion every time it rises by 50%) to keep the profits.
The bull market is not over yet, but the script for altcoins remains the same: endure the painful stage to wait for the main surge.
If you're experiencing volatility, you might ask yourself: would you rather be a 'short-term speculator' or become 'the winner who lasts until the end'?
