Now the dog market is going crazy with shipments, and the counterfeit has no real meaning of a bull market, just rapid expansion followed by a slow decline in sales. With XRP having a market value of over a trillion and Doge also having a market value of several hundred billion, yet there are still a bunch of people shouting for hundredfold or thousandfold. Really not afraid of dying.
Now is not the time to bottom fish. It's the end of the year, save some money for a good holiday. The late trading session is continuously unloading. Those who chased the rise yesterday have basically been trapped again. Money can always buy coins, but once trapped, one may endure a long period of torment. Altcoins have been continuously fluctuating and declining since December 6th.
Some analysts are still crazily calling for a bottom. So is it the bottom now? The decline of the shanzhai has just begun. The dog庄 is frantically unloading stock. For them, these junk shanzhai have no cost at all. They exchange worthless tokens for your real money. Dog庄's嫩模 club, you will have嫩模 at your club.
Currently, there is no profit effect in the market, and funds are fleeing wildly. 1. The meme was killed by that man. This round, the meme did not experience a rebound; those insider traders are crazily selling off. 2. The VC coins that man admires are severely overvalued. They come out worth hundreds of billions, and as soon as they launch, they crazily harvest the retail investors. Market liquidity has been drained by these so-called VC value coins. 3. There are now a lot of trapped positions in old coins. The market manipulators are crazily selling off, with many retail investors trapped in their so-called crazy bull market calls. 4. Ethereum is now facing an unprecedented gaming dilemma. Basically, no institutions that entered this round made money. Those project parties that engaged in ICOs in 2017 and 2020 hold a lot of Ethereum with no cost. Coupled with the continuous selling by the foundation and Vitalik, and the so-called POS with an uncertain total supply, Ethereum is, from an investor's return perspective, the worst coin of this round, without exception. Isn't it better to invest in Bitcoin if you have faith? Trying to make a fortune with small investments in altcoins? Therefore, Ethereum will face continuous selling pressure in the future.
In summary, the market is not showing desperate positions; it's not yet time to build a position.
Reminder on 12.7: The imitation has started to fall instead of rise. I have been warning that the risks of imitation have become quite large. At first, everyone thought this was just a pullback.
Buying pngu now is still a hero. Binance thinks this market value is overvalued. They need to compensate those who bought in at the wrong market value early on. At this point, entering the market to take over means being prepared for a 90% crash.
12.15 Reminder: The altcoin season is basically over. In the past four days, Bitcoin hasn't dropped much, while altcoins have plummeted. There are always opportunities in the market. Never enter the market when it is at its craziest.
$AVA is almost done with the wash. The market value is less than 100 million U. And Zhao Si also holds and invests in this kind of small market value. With the support of big guys, it is easy to have ten times or a hundred times the monster coin. You can buy more at low prices.
$MOVE $VANA $PENGU The counterfeit has no future. It is exactly the same as now and this year's March-April. As long as the market improves slightly, high market value and low circulation VC coins will continue to harvest market funds. Every new coin is worth hundreds of billions. Where is there so much retail investor money in the market? Damn it, if VC doesn’t die, the bull market won’t come.
$VANA $ME $MOVE Currently, altcoins have been in a continuous decline for a week, and they continue to fall without any upward movement. Any slight rebound triggers strong sell-offs as whales take advantage of the upward trend in Bitcoin to cash out aggressively. It is essential to withdraw the principal to control risks. This situation resembles that of March and April, where Bitcoin continued to rise at high levels, but altcoins kept declining. At the same time, every day a VC coin is harvested from the market funds, Bitcoin remains in an eternal bull market, while whales are frantically cashing out, converting worthless altcoins into USDT and Bitcoin. As long as VC doesn't die, the bull market won't come. Market funds are always limited; no amount of money can withstand a new VC coin being launched every day that cuts the retail investors.
$MOVE $ME $VANA Now the market is once again a party for one person; copycat coins are all crazily unloading while the big coin is being pumped. 80% of altcoins are in a downward trend, with a VC coin continuously harvesting retail funds every day. If someone takes the offer, they unload directly; if no one takes it, they crazily pump it until someone does. If VC doesn't die, a bull market is impossible. Move and ME have already completed their harvest; now it's Vana.
Currently, the vast majority of analysts are shouting that a crazy bull market has arrived and the altcoin season has come. However, from the market perspective, most altcoins are in a declining state, and the whale is consolidating and offloading. It's crucial to pay attention to risk management; at the very least, recover your principal. The market always has opportunities, but the principal may not always be there. Currently, 90% of altcoins are in a state of following the decline rather than participating in the rise.
VC coins like this that you and I talk about have value. High market value and low circulation VC coins are dead. A 90% drop means they will never rise again. Every time a bull market is signaled, it gets ruined by these garbage VC coins, and they are still considered valuable.
The altcoin market entered a bear market in just one day, with everyone frantically selling off. There are not many people buying the dip; most are stuck in positions. I mentioned earlier that those who are optimistic are mostly fully invested, while those who are not optimistic wouldn't have entered the market at that price. Before the altcoin crash, I reminded everyone to stop loss, take profits, and manage risks. Now, they are continuously harvesting market funds with new coins that have high market value but low circulation. It's really speechless.
$ME $MOVE The market has entered the shameless VC mode of cutting leeks again. Just like in March this year, high market value and low circulation are fully harvesting retail funds. Then a 90% plunge is not the bottom. Heroes can bravely take over.
$MOVE VC coins are starting to harvest retail investors again. Just when there was a bit of market activity, this kind of garbage comes to harvest investors. It has drained all the existing capital in the market. No VC coin has a good outcome; each time it falls by 90%. Now the move liquidity market value is 10 billion, with a total market value of 65 billion. They really treat retail investors like fools.
$move Market conditions have slightly improved, and the model of high market value with low circulation and crazy harvesting of retail investors has begun again. It's strange for the copycats to have a bull market; it's better to take profits when you can.