1. General loss: In the first half of this year, the vast majority of people suffered losses and only a few people were able to make a profit. In particular, some old garlic plants that have been involved for a long time will not be able to survive the cuts even though they have abundant resources and capital.
2. Collective panic: Previously, it was commonly believed that Bitcoin would usher in a bull market before and after the halving. However, Bitcoin's bull run last year is almost complete. A similar situation occurs with altcoins. When everyone expected the market to come, the market actually entered the adjustment phase. After missing out on Bitcoin, everyone chased altcoins together, but as a result there was no gain after buying.
3. Altcoin collapse: Many altcoins are at risk of returning to zero. Unlike in the past, today's market consensus and investment standards have changed. Altcoins are no longer seen as investment opportunities and as a result many projects are facing dissolution. The altcoin consensus has collapsed Once insider information was leaked, investors sold off, causing the market to collapse rapidly and as a result, many investors suffered losses.
4. Consensus on venture capital is shaken: Investors' trust and fear of venture capital has decreased significantly.
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