Why does Chongge say that some altcoins cannot be held forever? There are several reasons!
1. Many copycat projects are just PPT projects. To put it bluntly, they are just market makers and exchanges trying to get their money out of the market by listing their coins! Holding on to these coins will only make the price fall further and further. The market makers will only sell, sell, sell! !
2. There are also some projects that have been popular for a long time and few people pay attention to or play with them. You may have chased the high when the project was hottest, but there is no need to keep watching it later! The trend will only get lower and lower, and what may come next is delisting or currency exchange!!!
3. The market is heating up very quickly now. From blockchain games, to NFT, to AI, to inscriptions, to the second layer, and to the ton series, it has been rotating all the time. After the popularity of many coins has disappeared, the daily trading volume is pitifully small! Without trading volume, you can’t get out of your large position! A copycat without popularity is worthless! So why bother to hold on to it? ? ? ?
4. New coins will take away a lot of liquidity when they are launched. People speculate on new coins instead of old ones. Although new coins are used to make money, they have large circulation, popularity and trading volume. For example, the recent DOGS. The daily trading volume is so high that even if you buy 100,000 U, you don’t have to worry about not being able to sell it. But if it is a long-standing copycat coin, and you still hold 100,000 U, and its daily trading volume is only a few hundred thousand U, do you think you can sell it? ? ?
In the past, we focused on value coins and potential coins in the cryptocurrency circle! ! This year, MATIC has changed its coin to Polygon (POL). The value coins that were so popular before cannot avoid the fate of being re-listed! ! ! And the previously popular CRV, the founder used various means to mortgage it OTC, exchanged for a large amount of USDT, and cashed out a large amount of money! ! Are you still thinking that the outdated altcoin will give you a surprise? ??? Which one is really impossible!
This year, many worthless MEME coins are more eye-catching!!! At least PEPE PEOPLE WIF JTO FLOKI SATS they pulled the price up, they did pull it up!!! On the other hand, some so-called value coins are getting lower day by day!!!
You won’t go wrong if you follow Chong Ge’s scumbag thinking in March! With U in hand, you are not afraid of any market conditions!!! You can see that Binance’s daily spot trading volume is only more than 10 billion US dollars. After deducting BTC, ETH, BNB, XRP, SOL and stablecoins, there is very little left for copycats!
Remember to only hold on to BNB, BTC and ETH!!! The honeymoon period for popular altcoins should not exceed one month!#BTC☀ #ETH🔥🔥🔥🔥 #BNB
