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The rise of altcoins in the short term is so high that they can easily pump several times, why is it that everyone still can't make money? The main reasons are as follows:
Now too many people expect alts to rise 5 times, 10 times, or even higher, so even if it rises 3 times, you still feel that the rise is too little and has not reached your psychological price; therefore you hold on without selling, and it starts to fall, with profits dropping from 300% to less than 100%;
You still firmly believe in waiting for a rebound. After waiting for a long time, it finally rebounds, and your profit reaches 280% again. You think the wait is worth it.
Since you didn't give up at the low point and have persisted for so long, it has finally rebounded. You believe it is about to explode. As long as it breaks the previous high, then a 5-10 times profit can be easily realized; firmly holding still not for sale;
Suddenly, there was a small pullback. You think this is a technical pullback before the pump. It's normal to have a technical pullback after rising for so many days; moreover, it hasn't broken the previous high, so there's really no concern about a major drop.
Sure enough, the next day it rebounded a bit. Just when you were thinking that ( was indeed like this, ), it dropped slightly again. You thought it was a trap, and sure enough, it rebounded again. Then came a big drop, and your profit decreased to 200%. It slowly dropped for a week, and your profit decreased from 200% to 100%;
You think that after so many days of continuous decline, a small drop is nothing, and after so many days of correction, it should be time to pump; unfortunately, a waterfall comes, and your profit slowly goes from 100% to 50%, you are unwilling to accept this, so you buy the dip, and then your profit gradually falls to -50%, and you are completely trapped.
This is why altcoins have such a large profit margin, allowing them to pump several times in a short period, yet most people cannot make money.
But from another perspective, if you treat altcoins like Bitcoin, don't have too high expectations, and aim for just double the profit,
It is very likely to achieve a 100% profit in a month, while holding Bitcoin may take years to achieve the same profit.
The risk of betting for 1x profit over the course of 1 month is definitely much smaller than betting for 1x profit over the course of several years. From this perspective, alts are more stable. #山寨币爆发#