In the entire cryptocurrency circle, except for a few projects that are ranked at the top, 90% of the projects are actually hype and promoting concepts. Do you think the various visions they introduced can really be realized? For example, ICP, can such a big vision be realized? There is no hope at all. It is pure hype. In the bull market, they will be hyped to the sky, and then fall into the mortal world in the bear market.

Therefore, when the bull market reaches its peak, we should exchange all the altcoins in our hands that have skyrocketed in value into BTC or ETH, and then gradually convert them into stablecoins and put them in our pockets.

Many friends like to read the introduction of a coin and think that the project is awesome. In fact, it is just a white paper. The founder is a little famous and the team is bullish, so capital also flocks to invest. Similar to when Binance invests in many projects, it does not actually look at whether the project has actual value, but is more concerned about whether the coin has hype value.

The project parties, exchanges, and investors have joined forces to create many projects to reap the profits.

This is the case for most projects in this circle. We are in it and follow the hype. We need to understand these principles. We cannot think that every project is valuable and want to rush in.

For example, if the current market is booming, the decline in the next bull market will definitely be more than 90%.

So in a bear market, we can actually make money by shorting. In a bull market, we buy long and in a bear market, we sell short. We make money both ways. This is the true meaning of the cryptocurrency world. Don’t worry too much about whether the project has value. What matters is the enthusiasm of the project team, investors, exchanges, and leeks. This is the key.

There are only two coins that are truly valuable, one is Bitcoin and the other is Ethereum. This is why the old leeks in the cryptocurrency circle, and even some big guys standing at the top of the pyramid of the cryptocurrency circle, are only keen on these two coins.