A must-read for new and old players in the cryptocurrency circle
If you are the kind of investor who doesn't sell at a loss, but only covers up when you are trapped. Then, in fact, trading in altcoins is a little worse than leveraged trading. Leverage allows you to quickly clear the market, which is painful but also fast.
Unscrupulous altcoins make you feel valuable, but in fact they keep drawing pie in the sky to deceive you and keep emptying your wallet until the day when they are delisted and return to zero. They are also destined to return to zero, but altcoins are more harmful.
Many people have been cut to death by altcoins recently, simply because the pie has reached a new high, and the altcoins have not taken off comprehensively.
On the contrary, those Memes that most people think are worthless have taken off. Why Memes take off is mainly due to the age change of new leeks, and now they are all new leeks born in the 2000s. This group of new leeks generally likes to brag and be more radical. The parents of the post-2000s are generally the parents of the 70s and 80s. Their parents' mortgages may not have been paid off yet, and they are more radical to accelerate the redistribution of assets. Meme is essentially a game of fast asset allocation. Concept coins are too slow, and the post-2000s can't wait.
Why is there a premium for kimchi in South Korea? Because island countries are generally more gambling-oriented, the class solidification in South Korea is more obvious, and it is more difficult for young people without power to turn over, so this kind of high-speed asset redistribution is needed.
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