Looking at the candlestick charts of various cryptocurrencies in the market over the past few days, the drastic declines made me ponder whether the crypto narrative has reached its end. However, I quickly negated that thought.
The specific reasons will be detailed later; my current thought is to set up a good position in the bear market and to do proper asset allocation. The entry points are also very important.
Regarding entry points, opinions vary. Here, I want to discuss position allocation. If we divide the funds in the crypto market into 10 parts, then Bitcoin allocation should account for at least 70%. Don’t raise issues based on the multiples of Bitcoin; I think investment should prioritize certainty in returns.
Next, $XPL can be allocated one part. The current price has dropped to 0.1, and the previously disclosed VC financing price was only 0.05. With limited room for further decline, it still offers good value for money, and a one-part allocation keeps the risk manageable.
As for the remaining two parts, one can venture into contracts, take some risks, or even withdraw some to enjoy. The mindset will be very good. What do you think, friends?