I noticed last year when the price of one of the coin was going good. And then comes the April and then suddenly the price of the coin went so low it has not seen the 2 dollar as of yet. And that made many people panic for the coin and they are kind of skeptical of the growth of the coin.
So one of such coin is the Optimism and another is the Polygon. And those two coins are struggling to get over the 2 dollar. I thin in such situation you would kind of wonder what is happening in the altcoin world? And how it can regain back it's pricing?
Let's talk about it.
Altcoin map has changed completely. And this means you have to see the profits and the consistency. And the way people are investing into the ethereum directly and the other coins are being hit with the conversion. So the small coins would take forever to get into the low value. Some of those coins would not be easily taking their positions back as well.
Then comes the panic. Like all the altcoins are going down while the bitcoin is up. It's like the altcoin and bitcoin has been separated and those are not dependent on each other. Which kind of makes you wonder how long this would be going on and what can we do in such type of the trades and the investment which would yield us any form of benefit.
I have learned some really hard truths about the altcoins adn often we try to pitch it and the other people do the same. And each one of us have the interest for such type of the coins. And they do it for their own reasons and something we can't compete with. So if we consider the grand scheme the panic would only hurt us on the pocket level and we have to play with the panic the right way.
My understanding is that the way altcoin scene is going on you can't panic and make the wrong choices. Some of the ways you have to lock in the profits and then think over what you can do and exit the market :)