A fan asked me whether his holdings of SOL, DOGE, NOT... would cause him to lose more money later.
Let’s start with the bad ones:
ADA, this thing is similar to XRP, it is already a dead coin. No dealer is long or short it, because both long and short require capital investment, and these coins are held by retail investors in large quantities. Simply put, it is impossible to speculate. If you dare to sell, someone will dare to buy, and if you dare to buy, a large number of people will dare to sell. The amount of funds required to create market fluctuations is too large, so no one can speculate it. In addition, these coins have no practical use and there is no possibility of any development. This is why they are dead coins. Blockchain technology is changing with each passing day. These old chains no longer have any advantages and no value. If developers really want to improve them, they will start from scratch and issue new coins. There is no reason to develop based on these old blockchains.
DOGE, like the above, was not even a basic public chain at the beginning, and did not have any technical value or practical value. It was born for hype from the beginning, and after the hype, it was a mess. Many people still have illusions about Musk's support, but Musk is not a fool, he will not use real money to pull this thing, and he has already clamored for several new coins. Make money and leave, this is the way to play in the currency circle.
PEPE, I haven't studied this coin carefully, but it is highly suspected of speculation. In addition, many coins have skyrocketed recently (July 2024), including PEPE, but without exception, they are all junk coins, that is, coins without any reason, without any prospects, and without any technical value, are skyrocketing. There is a reason for this, which is also a feature of the currency circle (or the stock market of a certain country), that is, the coins that everyone is optimistic about may not rise, but the junk that everyone is not optimistic about is actually the most likely to skyrocket. The reason is obvious. The more junk, the less people will get on the bus. If there are fewer people on the bus, there is a possibility of continuing to pull, and then until an incredible price, the dealer or official will make a lot of money and run away. At this point, its life cycle is basically completed, and it will never be possible to break through again. And the coins that everyone is optimistic about at the beginning, those who know the business have already entered the game, buying and holding in large quantities, then the dealer continues to pull up, the car is getting heavier, and the amount of funds required is greater, and the risk is greater. For example, mainstream coins such as ETH can be said to be the overlord of the currency circle and the originator of the public chain. A large number of other chains are developed based on ETH, but it cannot rise. The possibility of such chains skyrocketing is not high. The skyrocketing here refers to the increase of ten times or a hundred times. The increase of several times in the bull market is still entirely possible.
SOL and MATIC, the former has a more active community and seems to be a newcomer in the cryptocurrency circle, but in fact it is already old and faded. The cryptocurrency circle is changing very fast, and it is hard to say whether it can further increase its market share. In addition, because it has a certain value, it will definitely not lose a lot if you hold it, but it is unlikely to make a big profit. In fact, SOL has increased 10 times this year, which is a miracle. Of course, it fell from the top of the mountain. BTC and BNB have already broken through their previous highs, but SOL has not.
NOT, small new currencies, there are countless of this kind. You may only know NOT, but there are hundreds of similar ones. There is nothing much to say about small currencies. There is a large room for operation. The rise and fall depends on how the dealer plays. Small funds will run away early, while large funds and big dealers will play for a long time.
OKB is a platform coin. Well, whether you can make money or not depends on the operation of the platform. So far this year, it has been very rubbish because it has been falling recently. In order to lower the cost, I have already fully invested in OKB on the OK platform.
The cryptocurrency market is a market with infinite possibilities. If you buy junk with your eyes closed, you may get dozens of times more when the bull market comes. This can only be said to be luck, not vision. Because I don’t pay much attention to the news in the cryptocurrency market, there is actually a way to play that is to understand the project party, which is a bit like the inside story of the stock market. If you enter the market earlier than others and are well-informed, you can make a lot of money. Once a coin is hot in the secondary market, there is actually no chance. In addition, there are a lot of trustees in the cryptocurrency circle who seem to analyze it for you in a very reasonable way. In fact, there is only one reason, that is, he may be the person who issued the coin, or he may have a vested interest. This is a common phenomenon.
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