My advice to him is to stay calm. In this round, the altcoin market is without a bull market. In March of this year, Bitcoin's market capitalization ratio surpassed 0.05, and at that time, altcoins usually surged.
Then, there was a seven-month period (volatility) and decline, with the underlying altcoins dropping below historical lows. It wasn't until Trump took office that strong news "stimulated the market and off-market funds entered. Yesterday, the market capitalization ratio surpassed 0.08, but when Bitcoin (strongly) surpassed 90,000, altcoins collectively declined, with some altcoins even surpassing historical lows.
They closely follow the downturn but not the growth. In this round, the altcoin market is severely lacking liquidity. As soon as the market improves a bit, VC funds (continuously) will release liquidity, directly collapsing and harvesting. Memes are the same; they are merely garbage. Their market capitalization lies in the tens or hundreds of billions.
In this round, only short-term trading is possible, not long-term. The cryptocurrency circle is no longer effective for quick wealth accumulation because "whether it's a VC coin or a meme coin, their market capitalization is too large, and there are too many new coins. Furthermore, with the current global economic situation being extremely severe, the funds entering the market are extremely limited. Project parties harvest (funds) from the market and directly withdraw money, no longer flowing into the market. In this round, I respect anyone who dares to go all in and hold a long-term position like a hero.
