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Are you holding altcoins this bear market? What strategies are you using to make sure you make it in the next bull run? [SERIOUS]

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by COINS NEWS 66 Views

Last cycle i was one of the people that thought there was just so much more potential in altcoins that i had turned my back to btc and ethereum, to be honest it back then it was not a mistake, i made pretty insane returns holding alts like, doge, cardano, luna (yes i know), but back then i didn't really see a reason to put my money elsewhere

So why have i changed my mind even though i made nice gains, to put it simply...it was too much risk, crypto is cyclical... The cryptocurrency markets have experienced several boom and bust cycles in the past, with periods of rapid price growth followed by sharp declines. These cycles are often attributed to various factors such as market speculation, regulatory changes, investor sentiment, and technological advancements. Some believe that these cycles are a natural part of the cryptocurrency market's evolution and can provide opportunities for investors to profit from price swings.

Alts experience these swings much like bitcoin and ethereum, but if you miss your window it can leave you holding bags worth -97% of what was once worth. So they might give you a nice 100x if you invest in the correct alts during bear market and cash out during the bullrun, but if you hold them too long you might have to take the loss, or even dca during the whole bear market hoping for another run.

Last cycle i was lucky, i did a 5x with ada, then i did a 3x with luna, i managed to escape ust collapse because i sold everything at $100...if i had held it even 1 week longer i would be done, game over. This type of risk is what drove me away from alts...so my question is:

What will you do this cycle? Take the risk and buy alts right now in the bear market? What type of strategies and precautions will you take to make sure you won't be left holding bags?

submitted by /u/loksfox
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