Is there still hope for FIL, the leader of the storage sector?

FIL itself is a very good project with a clear vision and a reliable team. However, the biggest failure of this project is that it is treated as a pyramid scheme by a large number of people in China. In the past few years, I saw in many groups that everyone was selling FIL mining machines. The people who bought mining machines ranged from tens of thousands to millions, and they were basically trapped.

Can these trapped people get their money back in the next bull market? I think it is very difficult. The dealer will not be so kind. The last round of FIL's surge was purely driven by emotions and there was no fundamental support at all. It was CX (pyramid scheme) by some people in China to this point. At that time, the group was full of propaganda about buying FIL to achieve wealth freedom, saying that buying a mining machine can dig for a lifetime and be wealth free from then on. But they spent so much money, did they really get the mining machine? Or can they really sell the coins they dug? These are all unknowns.

If you really think highly of FIL, then buy a mining machine yourself and dig it yourself. I predict that FIL will basically be difficult to rise again, not only because there are many people trapped, but also because its reputation has deteriorated. Things linked to CX, once they have a bad reputation, there will be no traffic, and all of it is negative traffic. It is useless, institutions will not buy it, bigwigs dare not buy it, and retail investors do not have the courage to buy it, so FIL is basically finished.

In addition to mining and staking, what ecosystem does FIL have? There is almost no use scenario, what is its value? Falling like this is just the inevitable result of the bubble bursting. Now, FIL's daily selling pressure is 500,000 FIL, and it has to sell 1.5 million US dollars a day. Who will take over? There is almost no one, and liquidity may dry up at any time. FIL has no consumption, only selling pressure. You are full of longing for FIL, and you see villas, but what FIL will give you in return will eventually be cruel reality. I know that some people will definitely insist on going with FIL, but they can only go on together.