We are at that part of the cycle where most solid alts have bounced nicely off of their cycle bottoms, but the real fireworks in alts will start after the halving. Up to this point we had an Ordinal season, but not a general alt season.
People who were buying in the bottoming year of the cycle aka 2023 will have been waiting a lot longer for their gains then the people who get in after the halving, but also the rewards for them will be a lot higher because their entry price is a lot lower.
Imagine that an alt coin does a 50x from bottom to top. Goes from 1 to 50. People who were buying that coin in 2023 probably have an average price of 1.5 - 3 dollars and people who enter that coin after the halving will probably have an average price of 10 - 15 dollars.
The first example the person endured a lot more pain because he held his position in the depression phase at an unrealized loss. But his potential profit is between 33 - 16x.
In the second example the person who got in after the halving probably got in and immediately had an unrealized profit, but his potential return for the alt is between 5 - 3x.
Which one would you prefer to be? I think the answer is clear. This is why fundamentals and the entry price of these projects are everything. Because in the bear market if you dont know why you are buying the coins, you wont have the conviction to hold them when they go against you. Also the entry price determines your returns in the bull market.
That is why i dont like traders. Traders can have some quick gains, but will never get a 10, 20, 30x returns. Never. Drawing lines on charts and pretending that you make a lot of money trading is a waist of time.
People who were buying in the bottoming year of the cycle aka 2023 will have been waiting a lot longer for their gains then the people who get in after the halving, but also the rewards for them will be a lot higher because their entry price is a lot lower.
Imagine that an alt coin does a 50x from bottom to top. Goes from 1 to 50. People who were buying that coin in 2023 probably have an average price of 1.5 - 3 dollars and people who enter that coin after the halving will probably have an average price of 10 - 15 dollars.
The first example the person endured a lot more pain because he held his position in the depression phase at an unrealized loss. But his potential profit is between 33 - 16x.
In the second example the person who got in after the halving probably got in and immediately had an unrealized profit, but his potential return for the alt is between 5 - 3x.
Which one would you prefer to be? I think the answer is clear. This is why fundamentals and the entry price of these projects are everything. Because in the bear market if you dont know why you are buying the coins, you wont have the conviction to hold them when they go against you. Also the entry price determines your returns in the bull market.
That is why i dont like traders. Traders can have some quick gains, but will never get a 10, 20, 30x returns. Never. Drawing lines on charts and pretending that you make a lot of money trading is a waist of time.