Why is it said that the currency circle must speculate on the new rather than the old?

Advantages and Disadvantages of New Coin VS Old Coin vs. Advantages of Old Coin

1. There are many dead chips, and a large number of chips are at serious losses.

2. There are many believers and sufficient potential buying power.

3. Bull markets are sensitive to news

Disadvantages of old coins

1. Every upward price has a lockup plate

2. Insufficient attraction to newcomers

3. The chip structure is dispersed and there are many game factors

Advantages of new coins

1. There is no hold-up, and the selling pressure can be predicted.

2. New narratives that have never been heard before are more imaginative.

3. The chip structure is concentrated and there are few gaming factors.

4. Low circulation market value

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