Looking back, altcoins have already taken off, but this time I still haven't made much money, perhaps this is the norm, and also the reality for most people.
On November 21st, I sent out many messages urging everyone to quickly buy altcoins, and now most altcoins have indeed already taken off.
I did fill my altcoin positions, but unfortunately, I bought a lot of MEME, because this sector performed very well early on, thinking that with the altcoin season coming, it would definitely take off again.
As a result, not only did it not take off, but it also performed very poorly. Fortunately, I later changed my positions, and so far, I have barely compensated for the previous losses, but I haven't made any money.
Perhaps missing out and buying the wrong assets is the norm for us retail investors, especially with altcoins, as price increases often happen in a very short period of time. Because the increase is too fast, many people dare not chase it, resulting in missing out.
And after a period of increase, when there are signs of a pullback, some people think that since they missed the increase, they must not miss the decrease, going all in to short, and the result is liquidation to zero.
From the overall market performance, we are still in the mid-stage of the altcoin season, and there will still be many potential altcoins available. You can wait for a pullback and buy some stronger altcoins.
For low-priced altcoins, I don't really recommend buying directly, because you don't know if they will rise. It's more prudent to wait for capital to enter, confirm a bullish trend, and then consider buying.
In the mid-stage of the altcoin season, the mid to late stage of the entire bull market, by the time I'm writing this article, Bitcoin has already surpassed 100k, and no one knows when the bull market will end or how high it will go.
Also, don't try to catch the top and short, as trend reversals take a very long time; during this time, those shorting will have grass over three meters high on their graves.
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