12/14/2024 - Almost midnight #BTC☀

Let's share a bit!

I see many people from Eastern Laos blindly and frighteningly fomoing into newly listed coins. Indeed, the gambling mentality overwhelms rationality and caution. This leads to a 99.99% failure rate; why 99.99%? Because even if you temporarily win big, in the long run, you will fall because you can't withstand the shock of dropping from the peak of glory into the mud.

Let me explain the reasons; before a project is released, it goes through a Series A investment round with the participation of venture capital funds and angel investors. Series B involves individual investors buying at Private Sales prices. Before hitting the exchange, it usually goes through Launchpool and Public Sale, where investors holding BNB can buy at prices equivalent to private sales, still being those super sharks with large amounts of BNB, and the exchange benefits from the price.

Retail investors who participate at the time of the official listing often fomo in when they see green columns, at which point the price has already provided profits of tens to hundreds of times for the initial investors. Just on the listing day, with the amount of coins initially unlocked, they have made substantial profits compared to regular investors.

When you complain that the price is adjusting, buying more actually makes the sharks happy because of good liquidity.

Stop fomoing when you don't understand the market; locking in your principal is never wrong. If not, you will have to bear the consequences of your investment losing value as the amount of coins unlocked gradually increases over time. Invest with a cool head, don't try to compete with the market, especially when you don't understand how it works.

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