Three types of people in the cryptocurrency circle who are being cut:
People who speculate on contracts and blow up their positions:
These people face market risks and are basically bound to lose money in the long run.
People who buy altcoins and air coins:
In fact, there are not so many truly innovative projects in the cryptocurrency circle, and most of them are for the purpose of making money. Even if there are innovative and practical projects, they are often seriously overvalued. Air coins are tokens that are not supported by any projects. Many so-called MEME coins are also air coins, such as Dogecoin (DOGE) that Musk often mentions.
People who buy pyramid scheme coins:
This type of people is not widely known in the cryptocurrency circle. The so-called "coins" they buy are actually pyramid scheme coins. These pyramid scheme coins have up and down lines and commission mechanisms. As a result, after these people lose money, they claim that making money by speculating in coins is a scam, and it does not actually affect people's easy money from Bitcoin and Ethereum.
The idea of new leeks entering the market is usually: those old-fashioned coins have risen so much, they are unwilling to take over, and instead buy new coins to try to discover new opportunities for skyrocketing.
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