Why is it so difficult for "value coins" like #FIL🔥🔥 to become popular again?
Many brothers may have questions, why do many of the altcoins I don't know have been raised ten times or a hundred times, but the so-called "value coins" in my hand remain motionless? Such as #FIL🔥🔥 #LTC #bch . Today I will mainly talk to you about the logic.
First of all, from the banker's point of view, funds are needed to pull the market. To create a hundred-fold coin, the banker needs to quickly create hot spots to attract the attention of retail investors, and when retail investors pay attention, it is already relatively high.
Not only will retail investors not be able to pick up cheap chips, but short selling will also be used as fuel. This logic is very critical! If you introduce a new currency, retail investors will go short because they are short. But if you pull an old currency, there will be a holdup above it, which will help retail investors to unwind. Many retail investors will still feel that the price is low if the price is three or five times, and they will go long. If this is the case, will the bankers still pull the price?
The reason for the poor performance of LTC and BCH is that the halving of LTC and the good news of BCH before the start of this bull market attracted too many retail investors to hold on to their funds. The hold-up market above was very serious. In addition, retail investors who were short-term in the later period looked at LTC. And bch didn't rise and went to get on the bus again, causing the plate to become heavier and heavier, and the dealer had no reason to pull the plate.
So do these established mainstream players have no chance? Fa Ge believes that there is, but it may be at the end of the bull market. You have to endure the pain of other currencies doubling and shorting out. Only by holding on to your youth can you achieve good results!