At this stage in the cryptocurrency world, be cautious and avoid pitfalls!
Who has bought PNUT, ACT, USUAL, MORPHO, MEMEFi, raise your hand! Who has been trapped, please stand up!
During the phase of transition between bull and bear markets, there are the most traps. In this phase, many people get blinded by money, price increases, popularity, and excitement; perhaps some people have no understanding of this area at all. Blindly following the market's popularity can lead to being trapped without any way out. If you are in the financial market, you should first understand the financial market. The financial market is a profit-driven entity, not a charity. Why does a coin need to generate so much hype and push the price so high right from the start? Is it to help you make money? No, brother, it’s to make money for capital. Increasing the hype around a coin will attract more retail investors and funds into the market, injecting more capital into a project, so that they can cash out at high points, leaving retail investors to pick up the shares at those peaks! Now you understand what it means to be a bag holder, right?
So, do not blindly follow the market's hype. If you don't understand, just honestly participate in the secondary market, focus on popular mainstream coins or altcoins, at the worst prices, wait for the next cycle, and there’s a high probability that you will break even. Don’t be tempted by those dreams of making a thousand times returns; investing in obscure projects, on-chain projects, or new coins has chances of striking it rich, but 99% of the time, it’s just a way to harvest your money!