In the cryptocurrency world, the most frightening operation for investors is undoubtedly the market maker's wash-out, especially the deep wash-out that lasts for several years. This kind of operation makes countless retail investors lose their beloved flesh, their faith collapses instantly, and then at some point they scream and regret.
We have personally witnessed several such washouts:
DOGE: Since its birth in 2013, the price of Dogecoin has been sluggish for a long time, and even the founder lost confidence and chose to leave. However, after several years of silence and washout, this once ignored project suddenly emerged in 2021. Just because of a few calls from the richest man, the price soared more than 700 times, which made those who missed it heartbroken.
ETC: Since it was listed on major exchanges in 2017, ETC's performance has been mediocre. Even in the bull market of that year, its price only reached $47, and then fell into a long slump, with the price hovering between $3-5, which disappointed investors again and again, and finally chose to sell at a loss. However, in 2021, ETC suddenly gained momentum, and the price soared to $180, making those who left early regretful.
LTC: Before 2017, the price of LTC had been stable at around $3-5, and many investors thought it was just an ordinary altcoin. In comparison, Bitcoin seemed to have more investment value. However, it was this seemingly inconspicuous altcoin that, with its tradability on major exchanges, soared to $370, an astonishing annual increase.
