Hi,
For the past month, after Bitcoin surge, most of the top 50 - 100 altcoins have also gone up.
I know when the initial surge occurred in this cycle back in early 2024, most altcoins crashed by 50% - 60% for about 6 months.
My question to you veterans who went through the previous cycles, where we are at this current cycle, should we be expecting another temporary downturn after the recent gains?
When you are dealing up with this market or cryptospace then its that mainly needed for you to have that kind of mindset on expecting on something which is really that unexpected because it wont really be that called a market in the first place if it wasnt that moving up and down on which this is something which is standard or being part of it. Market does move up and down and the hard thing is that we dont know on when it will be able to make out such movement. Gaining momentum is common and same goes with that dropping market which it can happen anytime. This is why at the moment that you do deal up with this market then acceptance about the risks involved into it. Sell out on the moment that you are on gains and buyback when the market is on bearish period. For those who do have that experience towards the market on previous cycles does already have that experience and able to tell on how it do behaves but of course knowing on point on what will happen is something that cant be known and that what makes this market too hard to predict due into this kind of aspect. Fall in short period? Who knows? There's no man into this world or market can be able to tell on what will happen next in the market. Every actions made will be definitely be basing up accordance into your own analysis and preference into this aspect.