To start, something doesn't add up as usual. BITCOIN's rise above $65,000 pushed ALTCOINs up slightly, and I say slightly because, when comparing their current price with that of June 2024, when BITCOIN was at a lower price, you quickly realize that ALTCOIN prices are still at pyrrhic prices. Those who celebrate and place rockets into space are just arriving on the market, but those who bought coins at prices of $2, $3, $4, and $5, perhaps thinking of holding them confident that they would be a safe asset, have not yet seen a return on their investment. Some of those investors who lost their money capitulated and left the market; others simply forgot about the losses and started investing perhaps using another strategy where they tend to be more cautious. I never tire of telling my readers to take profits, because the market always takes everything on the table when it comes back from taking a shower.

Now, with the correction, except for a few privileged coins, they remain close to the place where they managed to climb after the rise of BITCOIN, but 70% corrected as expected, and that correction deepened over the weekend. Some attribute it to the loss of liquidity on Saturdays and Sundays, perhaps because even the crypto market takes a break. If this were the case, a few cryptocurrencies would not rise on Sunday while others are seen to fall. If this hypothesis were true, the ideal would be for them to remain in the price range in which they were left. It is extremely complex to understand the behavior of an extremely poorly regulated market where price manipulation is the order of the day.

If the market goes to the beach this weekend, I see that some stayed home to witness up close the rise of FTX induced by the supposed reimbursement of 160 million dollars to its debtors, money that is already beginning to have a destination without even asking its legitimate owners. I remember the case of MT GOX, when the paid influencers assured that after 12 years perhaps many of those scammed investors, already old and tired, would take the money and buy BITCOIN. Such madness! Who can believe such stupidity? If someone recovers money a decade later, after spending a fortune on lawyers and time, as soon as they recover their money they will go out to enjoy it and run, flee from the EXCHANGE thousands of kilometers away, except for some exceptions that I do not intend to name.

Let's go back to the normality of the rise of BITCOIN because I know this market behavior and I have denounced it before. I mean that ALTCOINs are asked, as they rise, for an increasingly expensive BITCOIN in terms of price so that they can rise. Over time, BITCOIN increases are exhausted and ALTCOINs return to their old prices. I have stated again and again that returning ALTCOIN to the prices of April 2024 would be forcing those who kept our money to return it, unless with the money printed without backing and devalued a part is returned to us, that would be logical.

Returning to the title, I find it extremely unpleasant that some people with information pages of dubious origin claim and try to convince small investors that what they earned in SUI, for example, will still be in the same place when this crypto releases 177 million dollars in tokens. An outrage. They should remember the case of AEVO, which went from 3 dollars to being worth cents. The case of CELESTIA is dramatic; releasing 17 percent of its capital should force them to implement a strategy like that of WORLCOIN, which, despite pausing, delaying and releasing its tokens in two or five years, continues to be affected in its price. So let's stop romanticizing an event that causes a currency's price to depreciate, and when it doesn't it's because the hairy hand of the market intervenes or because an event occurred that is extremely rare and that I wouldn't trust, the advice is for small investors to take all the precautions with the currencies that will have large Unlocks, and although in general all currencies will be affected by this event, and it's not a prediction, it's the revelation of what's expected from the market, the holders of those that are soon to be unlocked should take additional measures, whoever trusts and deceives himself, let him cry in silence and then not curse the currencies that simply stuck to a repetitive and predictable market mechanism that is announced in advance so that people take their precautions.

The market will continue to be cruel and inhumane, and incapable of showing empathy for its investors, so this difficult-to-explain behavior will continue, a BITCOIN that increasingly needs higher prices for ALCOIN to follow its rise, the solution to this is to take profits and not just watch our currencies rise and then see them fall to the depths of hell. Remember that a cautious man is worth two. A hug in solidarity.

Jorge Ferrer

Bachelor of Business Administration