It's Almost the New Year

Brothers, hello everyone, I am trader Zhu Yidan. There are only 5 days left until the New Year, but I haven't felt any festive atmosphere. Many friends in this circle might not have an easy time this year; it seems like ninety percent of my friends are either losing money or trapped. I haven't been updating much these days, just passing time daily. These past few days, I've been gradually packing and cleaning, hoping for a fresh start in the new year.
The rapid decline of Bitcoin and Ethereum caught many people off guard. Two cautious old-timers @BTC563 Yan Chi @Qzzonebit and Uncle Ai have started gradually building positions, while I was already fully invested. My entire capital has shrunk by two-thirds. Looking back, all my foolish investment decisions were made after careful consideration and deliberation. I’ve returned to the days of holding positions daily, watching the blood-red numbers fluctuate—sometimes a little bigger, sometimes a little smaller—boring and numb. I personally witnessed altcoins plummet 95% in a flash on October 11th, which made me more cautious. That’s why this time I avoided leverage, so I can sleep better, waiting for the spring bloom and market recovery.
You ask if I have confidence. I’ve always been good at blind optimism, and it’s true—I was right about that. As for my view on the market, I said I’m very optimistic and still bullish. The turning point might be the passage of the US crypto clarity bill. Before that, Bitcoin was likely to fluctuate around the mining shutdown price, in the 60-70K range. Honestly, I don’t care much about the rise and fall of mainstream coins because I hold a lot of altcoins.
I know altcoins very well. Most of them are just air concept coins that will eventually be swept into the dustbin of history. A few projects with actual applications and revenue are also built on illusions. But I still only play with altcoins. Before my funds reach 10 million RMB, I won’t pay much attention to mainstream coins. Although the wealth effect of altcoins is currently poor, even in a bull market for mainstream coins, altcoins have their own rhythm—they decline on their own. Altcoins have never escaped a bear market, which has lasted 5-6 years now. 2021 was the peak for altcoins, but since then, they’ve been in decline, deteriorating day by day.
However, altcoins remain one of the ways to grow small funds into large ones. Whether it’s the best way is up for debate; everyone has their own opinion. Money never sleeps, and altcoin scams will never completely disappear. With such a great tool for wealth harvesting, exchanges, project teams, and pump groups are reluctant to give it up. When the next asset bubble arrives, the term “altcoin season” will shock everyone! Unfortunately, by then, your altcoins might already be delisted from exchanges. Altcoins are risky—be cautious and even more cautious when entering.