Hitting the Bottom of Altcoins? 8 Years of Blood, Sweat, and Tears to Tell You: What You Pick Up Is Not a "Opportunity," but a Knife!

At midnight, I received a call from an old friend: “Hey, those altcoins that skyrocketed before have now halved. I’m planning to go ALL IN to catch the bottom, what do you think?” I just laughed and said: “You’re not actually catching the bottom, you’re just putting your hand out to hold the sharpened blade. This knife is only for cutting newbies.” The words may be hard to hear, but they are the truth earned through 8 years of struggle, paying tuition with real money. Today, I write this story to say directly: jumping into altcoins now can easily make you become the ‘great enemy’ of the market. I. Where Is the Altcoin Bottom? Even the Market Makers Don’t Know Many people see a 50–70% price drop and their blood boils, thinking “it can’t drop further.” But the harsh truth is: Altcoins have no concept of a bottom. The rules can be changed at any time. Smart contracts can be adjusted, tokenomics can be altered. There have been projects quietly increasing total supply multiple times, with prices crashing 99% in just a few minutes. You think you’re catching the bottom, but in reality, they… shut down servers to start a new game. Dropping to zero is normal; revival is rare. Over 90% of altcoins cannot survive a bear cycle. Names like DOGE or SHIB are just a few that are remembered. Behind them are thousands of coins that have disappeared without anyone remembering their names. If they didn’t rise during a bull run, what makes you think they’ll rise in a bear market? Many coins can’t even keep up during market enthusiasm, yet they hope to “revive” when funds are drained, projects are abandoned, and communities are down to a few people… just comforting themselves. II. The Market Has Changed Seasons: Less Money, More Projects If you still use the “last season” mindset to play the current market, chances are… you’ll lose. The game of stored capital Before: $100 billion supported 1,000 projects. Now: cash flow has decreased sharply, but the number of projects has doubled. If there’s not enough money to support top coins, what do altcoins have to survive? Even the market makers are more anxious than you. They push prices not to save you, but to find someone to carry the load. The most common trick is “pull and lure”: Release good news Rapidly push the price up Attract FOMO Sell without mercy You think it’s an opportunity, but it’s just a pre-written script. A bloody lesson from early crashes Some coins are listed at $10,000, then 30 minutes later, only $100. From $70,000 to $1,200 – not bad luck, but because the market structure is designed to kill retail investors. III. “Bottom-Fishing Opportunity” or the Lure of the Kill Trap? Many scam models in stock markets have been directly transferred to crypto, even more ruthlessly: Creating idols Groups full of “teachers,” daily showing profits, making predictions that always hit. In reality: coins controlled by them, acting out for you. Calling for collective action “Let’s all buy together for strength,” “It’s the bottom, if you don’t buy now, you’ll miss out.” When you buy in, they sell out. Disappearing just as you realize When you find yourself trapped, the “teachers” have already… left the group, locked their Telegram, changed their avatar. Crypto has no insurance, no one to seek justice for you. Once lost, it’s truly gone. IV. Survival Is the Top Priority After three bull–bear cycles, I’ve learned a few simple but life-saving lessons: Don’t play psychological games with the market makers. They look directly at your capital, while you look at profit. Information, capital, speed – they are always one step ahead. Opportunities don’t disappear; only impatient people lose money. Bull markets are the stage for BTC and a few strong coins. Bear markets are when cash is more valuable than any altcoin. If you’re unsure, do these three things first: Set clear stop-loss: a 10% loss means cut, don’t hope. Only touch what you understand: BTC, ETH – with ecosystems and real cash flow. Doubt all stories of quick riches: if there really was a 100x opportunity, why would they tell you? Conclusion: The market doesn’t reward the smart, but those who know how to wait. The friend who called me that day didn’t follow the advice. Last week, his ALL IN altcoin dropped another 60%. Now he’s daily posting in groups, shouting “stay strong.” As for me, once a full-margin trader dreaming of quick wealth, it took 8 years to learn two words: patience. In the darkness, running around only leads you to a wall. Wait for the light, then go—there’s still a way to survive. If you don’t want to become the next “carrier,” learn how to avoid traps before thinking about profits. Learning is the greatest asset in this market.