I have gradually built a position in #JOE's spot market, and I have also allocated some positions in a few "lottery" type altcoins. The goal is clear: to capitalize on a big cycle of doubling returns.
The so-called "lottery coins" are essentially junk coins, with little fundamental value to support them. They are not suitable for short-term speculation or high-leverage operations.
The only strategy is to hold onto the spot positions for the long term and wait for the explosive movements brought by market rotations.
Lottery positions should only be tried in small proportions to avoid emotional over-investment.
Show original
7.34K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.