$ETHW A coin, when it is rising, many people curse, what is this, this is a leek cut, this is a garbage coin, and other dirty words!
The more they curse, you know you bought it right!
Because it is because many people disagree with you that there is a market. You buy it at 3 dollars or 4 dollars, and others say that this coin is worth 4 dollars?
When it reaches 8 dollars, the one who cursed will also chase in, and then say with a smile that it smells so good! Regret not entering earlier!
The second characteristic of a coin skyrocketing is that there are many short sellers!
Everyone knows that contracts need to be closed!
When we usually buy coins, we buy low and sell high!
And the contract first gives you chips to smash the market! Smash the price of the coin down, let retail investors hand over the chips, and buy back with lower chips to close the position! Make money!
In hot coins such as ETHW, short-selling contract orders are bought by buyers after the price is smashed, and the coin price does not fall! On the contrary, it went up. Then those who shorted sold at $4 and bought back at $4.5 to close the position! Sell low and buy high! You will lose money! (It is just the opposite of ordinary people buying low and selling high)
Moreover, buying back at $4.5 to close the position caused the price of the coin to go higher, reaching $4.6
So, for a coin, the more shorts you buy, the more it rises!
There is also a fool who said that this is a banker coin, and the market is pulling up and exploding the air force, but he didn't know that the air force exploded itself, and the explosion was superimposed!
The third feature is jumping high and suddenly exploding!
For example, if it is $4 now, can I place an order to buy at $4.2? Yes, there is a conditional order!
Once it rises above this point, I will buy!
So some people make money, sell the coin, and are afraid of missing out, so they often place new high orders to take orders. If it falls, he will take the money and run, and will not trade! You can still buy at the bottom as you like!
It rises to 4.2! He will not miss the wealth train and get on board automatically! ETHW and $BTC have the same POW mechanism, which is the king
