Everyone remembers how Bitcoin ($BTC) kept hitting new highs from the bear market to the bull market, but they forget that 99% of altcoins end up going to zero during a bear market. Those who buy spot positions at the top often suffer more than those who get liquidated trading futures. Getting liquidated in futures is painful, but it’s over in an instant. The money’s gone, but at least you’re free. Being deeply stuck in spot positions, though, is a long, drawn-out pain—a life sentence. Just like the guy in the chart, holding from 80 all the way down to 2.8. Every time he opens his account, it’s like mental torture. This kind of torment can last 2-3 years, or even forever... Altcoins usually have very short lifecycles. The kings of the last cycle, whether it’s EOS, LUNA, or FIL, often don’t even leave a trace in the next cycle. If Bitcoin drops 80%, that’s the bottom. But when altcoins drop 99%, they can still drop another 99%. Don’t be afraid of holding spot positions. As long as I don’t sell, I haven’t lost anything, right? But if you follow advice to keep averaging down during a slow bleed... Take $ORDI as an example: it first dropped 90% to 8, and you thought it hit the bottom, so you bought the dip. Then it dropped from 8 to 2.8, cutting in half again. That’s why altcoins are only good for short-term trades. If you make a profit, you must cash out. Once the trend turns bad and breaks key support levels, cut your losses and get out of spot positions immediately.