As early as September, I reminded about the bear market and started slowly researching altcoins. In everything, one must stay ahead, especially in research and preparation; when the time comes, one can act decisively. Just like from March to May 2023, preparations were already being made for the bull market in October, researching coins, allocating positions, gathering funds, and getting everything ready for takeoff.
Why did I prepare early in September? Because of the experiences gained from previous losses, I firmly avoid the tail end of a trend, as you never know when it will slap you in the face; it’s hard to grasp the timing at the end, so I prefer to watch or operate with small funds.
Why prepare in advance? Because I firmly believe that bottom fishing in a bear market provides a chance for 5-10 times returns, and if done well, coins that can yield 100 times can also be found. It's very challenging, akin to picking the head of a general from among ten thousand troops. Binance has thousands of coins, and with other exchanges, over ten thousand!
After conducting a large amount of research and analysis, the conclusion drawn in 2023 is that altcoins will only rise by about 10 times at most, not as good as Bitcoin and Ethereum. Heavy investment in Bitcoin and light investment in altcoins yielded decent results; Ethereum was a mistake at the time, trading at 2000-3000, and when it reached 3800, I entered thinking it would behave like Bitcoin. I ended up getting trapped, but fortunately, when it dropped, I averaged down, and Ethereum bounced back. Some altcoins made profits while others lost, but overall, we made a profit, as the major position was in Bitcoin and the minor position in altcoins. At that time, everyone was heavily invested in altcoins, and the results were evident.
This time, it’s the opposite; no one dares to play with altcoins anymore due to the fear of being cut. Next, we will wait for altcoins to drop to their levels, thoroughly crash, and then the explosive rise will begin. It surely won’t be a general rise; if the targets are selected well, one can benefit. It’s a contrarian minority report.
Finding 100 potential altcoins is unlikely, but I will share those altcoins that cannot be bottomed out. Not being able to bottom out doesn’t mean that buying them won’t yield gains, but the returns are insufficient. Last November, when Trump took office, GTC doubled, Flow doubled, and some coins increased fivefold, such as HBAR.
$MAV is not recommended for bottom fishing, as the project is fundamentally poorly run.
{spot}(MAVUSDT)