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This round in the crypto is a victory for buy the dips and sell at the top, those without faith in cryptocurrencies, those who use USDT as their standard, and those who trade in waves.
Four basic types of people who make money:
Category 1: Buy the dips at the bottom and selling at the top.
The second category: those who don't care about going long or short, and are swing traders.
Category 3: Meme contestants.
The fourth category: those who seized a few cryptocurrencies that experienced a surge and exited at a high point.
It's estimated to be less than 1%.
Of all the people I know, only one group profits significantly: the Meme car owners.
You're the leek, not the engine.
heartbroken
Plenty
When I hold long-term positions in a particular Altcoin, I suffer significant losses; when I speculate short-term on a particular Altcoin, I make substantial profits. The Altcoin market rewards speculation and punishes value investing.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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