A must-read guide for both new and experienced cryptocurrency users
If you are the type of investor who will not sell at a loss, and will cover your position until you are trapped, then trading altcoins may be worse than leveraged trading. Although leveraged trading is risky, it will quickly wipe out your money and leave the market. It is painful but quick. Unscrupulous altcoins will make you feel valuable, but in fact they will continue to deceive you and empty your wallet until they are delisted. Altcoins are more harmful because they put you in a long-term loss.
Recently, many people have been cut to pieces by altcoins, mainly because Bitcoin has reached a new high, while altcoins have not yet taken off. At the same time, Meme coins, which are considered worthless, are taking off. This is because the age of new investors has changed, and now they are all new investors born in the 2000s. This group of new investors is generally more aggressive and likes to take risks. Their parents are mostly born in the 1970s and 1980s, and their mortgages may not have been paid off, so they are more eager to quickly realize asset appreciation through investment. Meme coins are essentially a game of rapid asset allocation, and the post-2000s can't wait to make money slowly.
The phenomenon of kimchi premium in South Korea is similar. The social class in South Korea is seriously solidified, and it is difficult for young people to turn over, so they are more inclined to redistribute assets through high-risk investments. Young people in South Korea are more likely to gamble, which makes them more aggressive in cryptocurrency investment. Understanding these market trends and psychological characteristics can help you make more informed decisions in cryptocurrency investment.
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