This wave of sharp decline has fallen out of the basic market and even out of consensus. It can be seen that the mainstream currency has not fallen too much, but the altcoin has fallen very badly.

Here are at least two points:

1. Mainstream currency and altcoin are completely two assets, one is the real value consensus, and the other is the bubble in the asset.

2. When the external influence is greater, the risk resistance of the altcoin is almost zero. The reason is not the currency, but the project party is unwilling to take risks.

I mean the consensus of the project party, not the consensus of the leeks. Because the leeks don’t have many chips in their hands. And the consensus of the project party in the face of such a market is surprisingly consistent.

It’s good to wash it, short-term downward, long-term upward. It’s just that in this process, some people are wiped out, and some people are full of pots.