There are several other concepts:
Imagine that you are selling potatoes in town, the price is stable every day, and your business is good.
Suddenly one day, a big news spread in the town: "There will be a French fry festival! Whoever makes the best French fries will win a prize!" When everyone heard this, they rushed to buy potatoes because they wanted to make French fries. As a result, the demand for potatoes increased, but the number of potatoes did not increase, so the price soared.
Market Adjustment:
At this time, some smart merchants, let's call them the "potato alliance", bought a lot of potatoes and deliberately created a situation where potatoes were not enough, so the price rose even more outrageously, for example, by 60%. But the government saw that something was wrong, checked and said that there were actually plenty of potatoes, so everyone should not panic. Then the price dropped a little, for example, by 10%. This is a market adjustment, which means that the price has risen too much and needs to be adjusted back.
Market pullback:
Later, the merchants from the neighboring town also heard that potato prices had risen, so they brought in more potatoes to sell. When there were more potatoes, the price dropped again, for example, by 25%. This is a market pullback, meaning new supply comes in, and the price has to drop a bit.
Market crash:
But the good times didn't last long; the government suddenly said it would import a lot of cheap potatoes from abroad. When everyone heard this, they exclaimed, oh my gosh, no need to buy the expensive ones anymore, and the price just dropped rapidly, for example, by 50%. This is a market crash, meaning a significant negative event suddenly occurred, and the price plummeted.
Market scam:
In the end, someone discovered the truth: "What fried potato festival? It's all fake! It's all made up by the Potato Alliance to make money!" When everyone heard this, they were furious and no longer believed them, and the price just plummeted. This is a market scam, meaning someone is intentionally lying and deceiving, everyone was fooled, and the price collapsed.
Now, take a look at the current market. Is it adjusting, pulling back, or has it crashed? Or is there a bigger problem, like a scam or something?
Now the market has started to pull back, and it has also become more active. At this time, it is most suitable to lay out and ambush those potential altcoins. I have specially picked a cryptocurrency that is expected to rise 2-3 times in the short term and 5-10 times in the long term. If you are interested, please leave a comment and give a thumbs up, and I will share it with everyone for free!
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