This week's BTC market has been really tough, losing another 3000 dollars. When the overall market rises, altcoins follow with slight movements; when it falls, they drop much more sharply than BTC, and the difference is huge.
Gains are only a little, but losses can be several times bigger. Such market conditions are really a bit exhausting. I originally wanted to make some profit from this wave, but instead, I got trapped.
Forget it, I’ll take it slow for now. After the Spring Festival, I’ll see how the market behaves; maybe there will be a turning point. Otherwise, I might consider switching platforms and trying a different approach. Continuing to operate in this state is just a waste of effort.
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LiquidityWizard
· 01-08 10:53
ngl this is just asymmetric downside risk playing out exactly as the math predicted... altcoin beta amplification is statistically significant when correlation breaks down like this. theoretically speaking, you're experiencing a 2-3x leverage effect on drawdowns without actually using leverage, which is actually worse
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ImpermanentLossFan
· 01-08 10:27
I'm too familiar with this scam in altcoins. When it rises, it squeezes you like toothpaste; when it falls, it can smash through the floor. It's truly a one-way harvesting machine.
This week's BTC market has been really tough, losing another 3000 dollars. When the overall market rises, altcoins follow with slight movements; when it falls, they drop much more sharply than BTC, and the difference is huge.
Gains are only a little, but losses can be several times bigger. Such market conditions are really a bit exhausting. I originally wanted to make some profit from this wave, but instead, I got trapped.
Forget it, I’ll take it slow for now. After the Spring Festival, I’ll see how the market behaves; maybe there will be a turning point. Otherwise, I might consider switching platforms and trying a different approach. Continuing to operate in this state is just a waste of effort.