What is a drip ball game?
Creating the illusion of scarcity: In the dripping ball game, scarcity is artificially created by hoarding, such as merchants buying up a large number of works by deceased painters, which reduces the circulation of the works in the market and creates the illusion of scarcity. In the cryptocurrency circle, some project owners or speculators will control the circulation of a certain digital currency, such as by holding a large number of tokens, limiting output, etc., to create an atmosphere of scarcity of the digital currency, thereby raising its price.
Driving up prices to attract followers: In the dripping ball game, merchants cooperate with antique shops to continuously spread good news about the high-priced sales of works, gradually driving up prices and attracting more people to join the game to buy. Similar situations also exist in the cryptocurrency circle. Project owners or big players release favorable information about digital currencies, such as project cooperation and technological breakthroughs, through media publicity and social media hype, to attract investors to follow suit and buy, pushing up prices.
Finding a buyer: The ultimate goal of both is to find a buyer to realize profit and cash out. In the dripping ball game, merchants gradually sell calligraphy and paintings at high prices after the price is driven up. In the cryptocurrency circle, early investors or project parties will sell the coins in their hands to later investors when the price of digital currency rises to a certain level. Once there are not enough buyers, the price will plummet, causing the last investors to suffer losses.
Stimulate the mentality of luck: In the drip ball game and the cryptocurrency circle, participants are prone to the mentality of luck. In the game, people see that the price of goods continues to rise, and they will be lucky enough to think that they are not the unlucky one who will be the last one to pay a high price, so they will follow the trend and buy. In the cryptocurrency circle, investors see that the price of digital currency is soaring, and they will also have a lucky mentality, thinking that they can sell it before the price reaches the highest point and make a profit. Even if they know that the price may be a bubble, they are still willing to take the risk to participate.
Inducing greed: Human greed is fully utilized in both situations. In the dripping ball game, participants buy second-hand goods at high prices in order to obtain high profits, hoping to resell them and earn the difference. Investors in the cryptocurrency circle are eager to realize rapid wealth appreciation by investing in digital currencies. This greed makes them ignore risks, blindly follow the trend of investment, and even participate in some high-risk, high-return projects, which may eventually lead to asset losses.
After the story is told, some people may wonder, what does this have to do with Dogecoin Pepe?
Of course it is related, because the logic behind meme coins is this. From the beginning, the value of meme coins is given by the dealer. The dealer invests money in the pool, issues tokens, and then invests in original shares, pledges coins, expands the pool funds, raises the price, and strengthens the faith in the camp to ensure the value of the issued tokens. The price will not collapse when the number of people in the camp reaches a certain number and has a certain influence in the market.
All holders are endorsed by the token, and no one cares whether the token has a firm background or final endorsement. As long as the token is still recognized by the market and the cost of the chips they hold is low enough, they can always be fearless!
On the contrary, all the resisters and all the resentful people, who were trapped by the high cost and had to sell at a loss, or who were harmed by the contract liquidation, among which the latter accounted for the majority. In this bull market with such a large fluctuation, the contract users are the biggest contributors. Without them, there would be no bull market at all.
The push for prices requires fuel. Spot players have faith, so it is difficult for them to play a big role in the bull market. As long as they have firm faith, even if they fall to the bottom of the mountain, they will just quietly pick up cheap chips. They can be called players on the gambling table. Contract players are more like a group of "desperate criminals". Small bets for big gains! The sense of accomplishment of betting from 100 yuan to 10,000 yuan in time and space. Each has its own charm, but not everyone has this talent. Most people are just being beaten. Just like the saying, you can win countless times with a poker, but it is enough for the dealer to win once!
Here is a suggestion for everyone. If you are trading spot, you should manage your positions well. If you are trading contracts, you should manage your positions even better!
If you always fail to manage your positions
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