Some friends like 100x coins:

As long as it is a new project, it looks like a 100x coin, and some opinion leaders exaggerate it to strengthen their confidence, and then they will invest heavily. However, a cruel reality is that with the development of cryptocurrency, 100x or even 20x coins are basically impossible.

Everyone must be careful of people who tell you that it will be 100x or 1,000x. Of course, some local dogs are excluded, and the madness of local dogs is not within the scope of consideration. For any new project we can buy in the secondary market, early investment institutions have purchased a large number of chips at extremely low prices.

After entering the secondary market, their profits have been ten times or even a hundred times. Retail investors buy in the secondary market at this time, and the update of the expectation of ten times or a hundred times of returns is extremely low. As long as institutional investors do not lock their positions, they will make at least ten times the profit no matter when they sell in the secondary market.

This is also why star projects such as OP, arb, strk, etc. are good in themselves, but they are always chattering. In addition to the bad environment, more importantly, every unlocking will bring a lot of selling pressure. It is impossible for these VC investment institutions to continue with this project, because they know better than anyone that the value of most projects in the cryptocurrency circle lies in speculation.

After they withdraw, only retail investors will foolishly accompany the project and accompany it for life. Take Wood Sister for example, she is a complete speculator in the cryptocurrency circle. It can be said that she has no faith in cryptocurrency. Her operation method is to buy and sell quickly and make crazy profits by using her own resources, funds and information advantages.

Therefore, in this circle, we can only believe in Bitcoin and several other mainstream currencies. $BTC $ETH $BNB