The amazing rules of the secondary market of the cryptocurrency circle!
1. The cryptocurrency circle has a bull-bear cycle every four years
2. Most altcoins can only be popular for a wave before the market returns to zero
3. Speculate on new ones instead of old ones. The old coins are too locked in and no one pulls the market.
4. The entrepreneurial projects of group members can often only survive for 3 days.
5. The higher the price of the coin rises, the more and more people will take over.
6. The worse the price of the coin falls, the more people will cut their losses and leave.
7. The first wave of the market is basically driven by Bitcoin, and the altcoins will follow suit.
8. When Bitcoin plummets, the altcoins often fall more sharply.
9. Using the money to buy mining machines to buy coins can make much more money than mining.
10. When the price of coins falls, the mining machines fall even more.
After going through a whole round of bull and bear cycles, you can understand the cryptocurrency world clearly.
