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In this Bitcoin bull market do you really have no chance to buy

Date:2024-05-20 20:23:50 Channel:Build Read:

In this Bitcoin bull market, do you really have no chance to buy mainstream currencies? This question may have been lingering in your mind. As the cryptocurrency market continues to fluctuate, people are increasingly looking for investment opportunities. In this article, we will delve into how to seize the opportunity to buy mainstream currencies during the Bitcoin craze and demystify investing for you.

Revealing the mainstream currency buying opportunities in the Bitcoin bull market

Bitcoin's rise has been a hot topic among investors. However, while chasing Bitcoin, has anyone noticed other potential investment opportunities? In fact, it is during this Bitcoin bull market that some digital assets known as “mainstream currencies” have also quietly emerged, attracting the attention of more and more investors.

The Rise of Mainstream Currencies

As the prices of well-known cryptocurrencies such as Bitcoin soar, some traditional financial institutions and large enterprises have also begun to increase their exposure to digital assets. Mainstream currencies represented by Ethereum, Ripple, Litecoin, etc. have gradually become the darlings of investors. Not only have they grown in market value, they have also shown great potential in technological innovation and practical applications.

Seize the opportunity and analyze from multiple angles

To seize the opportunity to buy mainstream currencies during the Bitcoin bull market, you first need to conduct in-depth analysis from multiple angles. On the one hand, you can pay attention to market popularity and asset performance, and choose mainstream currencies with sustained growth space and application potential for investment. On the other hand, we can also formulate reasonable asset allocation strategies based on the macroeconomic situation and policy trends to avoid risks and achieve steady value-added.

Case Study: The Rise of Ethereum

As a leader among mainstream currencies, Ethereum’s performance in the fields of smart contracts and decentralized applications has attracted much attention. In recent years, Ethereum has continuously launched technology upgrades and project cooperation, attracting a large amount of capital and resource injection. Application scenarios represented by DeFi (decentralized finance) have provided new growth points for the development of Ethereum and also brought generous returns to investors.

Application Prospects of Ripple

At the same time, as another mainstream currency, Ripple has unique advantages in cross-border payments and cooperation with financial institutions. Its fast and low-cost payment network is favored by global banks and multinational enterprises. As blockchain technology continues to mature and market demand grows, Ripple is expected to set off a new wave in the financial field.

Strategic suggestions for buying mainstream currencies

In this digital asset market full of opportunities and challenges, how to formulate a strategy for purchasing mainstream currencies is particularly important. First of all, you must choose the appropriate mainstream currency for allocation based on your own risk preference and investment goals. Secondly, we must pay close attention to market dynamics and industry trends, adjust investment portfolios in a timely manner, and seize investment opportunities. Finally, we must maintain rational thinking, avoid blindly following trends and speculation, insist on long-term holdings, and achieve wealth appreciation.

Conclusion

In this article, we dive into the opportunities to buy mainstream currencies during the Bitcoin bull run. From the rise of mainstream currencies to specific case analysis, to suggestions on purchasing strategies, I hope to provide some reference and inspiration for the majority of investors. In the world of digital assets, opportunities and challenges coexist. Only by continuous learning and thinking can we seize the golden opportunity of investment and realize wealth appreciation. Let us welcome the arrival of the digital currency era together, seize every investment opportunity, and create a new chapter of wealth!

The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


"I know many people hope that a bull market is coming, and that the continuous rise of Bitcoin will drive the various inexplicable coins in their hands to rise several times. But obviously, this is unlikely."

In each round of bull-bear conversion, a large number of coins will be abandoned. The probability of mainstream coins being abandoned is lower, and the probability of altcoins is higher. However, there is a high probability that the cards will be reshuffled because of new players and new funds. They are all new models and concepts, and no one will pay for old players, just like people who entered the market in 2017 will not buy Peercoin PPC, Domain Name Coin NMC, or Feathercoin FTC at all.

When buying currencies other than Bitcoin, you must be aware that it may be eliminated, or even completely eliminated. "In fact, in the period after this article, the plot developed as I expected, and Bitcoin's market value accounted for 65%:

Let’s not talk about data. Everyone’s experience these days is probably that they are confused:

“What bull market, what is a bull market???”

I posted a Weibo joke a few days ago, and it is said that it has spread to every community in the currency circle:

Many people expressed empathy, which deeply resonated with most of the leeks. Bitcoin has risen from more than 3,000 US dollars to 13,000 US dollars, but the wealth of many people seems to have not changed much?

.........even lost money?

I know that many people are beginning to panic because Bitcoin continues to rise and other currencies (including mainstream currencies and altcoins, excluding CX coins) are unmoved. The exchange rates of many currencies have continued to fall to new lows. For example, the familiar EOS:

If it continues to fall, the exchange rate will fall back to the level after the 9.4 yuan disaster in 2017.

In other words: except for buying the bottom after 9.4, it is not cost-effective for you to buy EOS with Bitcoin at any other time.

No matter from any aspect, this bull market is destined to be a bull market for Bitcoin.

But do other coins really have no chance?

of course not.

Bitcoin's market capitalization ratio will fall back after reaching a certain height. This is also an ordinary rule. After all, Bitcoin cannot directly reach 80% of the market capitalization ratio without looking back. There are also many corrections in the process from 60% to 65%, and every correction in market capitalization ratio is actually an opportunity for mainstream currencies, because a major correction in Bitcoin is unlikely to occur, and the current market confidence is also there, so the mainstream It is also worth looking forward to the currency reversing its downward trend and starting to rise.

What we have to do is to seize the opportunity of the exchange rate turning point and exchange mainstream currencies back to Bitcoin at the appropriate time.

Including the real big man in the currency circle, DCG boss Barry Silbert also cheered for the "high-quality coins":

"I think the price of high-quality coins has bottomed out and it's time to keep up with Bitcoin's rise," he tweeted.

As for altcoins, opportunities are constantly emerging. If your altcoin is one of those that has been abandoned, then whether Bitcoin rises or falls actually has nothing to do with you.

Many people hope that mainstream currencies will not miss this bull market. In fact, everyone can rest assured. The growth rate of mainstream currencies in every bull market is basically not weaker than that of Bitcoin, such as the previous Ethereum, Litecoin, etc.

The only thing you need to worry about is: will your mainstream currency still be a mainstream currency in the next round?

I'll answer.

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