Newbies die from chasing highs, veterans die from bottom fishing, and experts die from leverage. Only 'believers' die from the arrogance after getting rich.
The so-called cycle is just the constant replay of human greed and fear.
1.
For newcomers with small capital, going all-in on BTC may seem a bit lacking.
I think a more advanced approach is: to use profits from BTC to seek alpha, rather than betting your principal on luck.
The principal should always stay in BTC, only 'profits' deserve to play with altcoins.
This way, you keep up with the cycles while retaining the potential for explosive growth. (Barbell strategy)
2.
In a bear market, everyone knows to dollar-cost average into BTC, but once a bull market arrives and you see others' garbage coins doubling, anxiety will push you to switch positions and leverage up.
In this circle, what we need to fight against is not the market makers, but that 'inner demon' that feels like losing when seeing others make money.
