📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
1. Finding the right altcoin is not an easy task. For example, $ETH has been rising well recently, and you want to find a leader in the Ethereum ecosystem to triple your Ether. However, there are too many "Ethereum leaders"; I can easily name 10. Which one or ones will you choose? In a few days, if another ecosystem becomes popular, you'll have to go back to 💩 to pan for gold.
2. The rise and fall of altcoins are not completely synchronized with BTC; each altcoin has its strong period, and during other times it may just passively follow the mainstream up and down, with fluctuations that may not even match the mainstream. If you buy a bunch of altcoins, some rise significantly while others rise minimally, what will you do at that point? Adjust your portfolio? Portfolio adjustments can easily lead to chasing rises and cutting losses, resulting in missing out on gains from everyone, and frequently triggering stop-losses.
3. It is difficult to grasp the rhythm of taking profit. Building on the second point, each altcoin shines at different times, meaning that reaching a new high may not happen simultaneously. Moreover, altcoins often reach new highs in a sudden spike, which increases the difficulty of taking profit. If you hold a basket of altcoins, the difficulty index rises.
so if you want to find an altcoin with three times the volatility of a certain leading coin, it might be better to directly go long three times on that leading coin for a better holding experience~
DYOR, new users are not recommended to operate leverage contracts.