The dog dealers have changed their tactics in this round!
Do you remember the coins that could rocket to the sky in the last bull market? At that time, a coin might be worth 10 million US dollars when it was listed, and it would have to increase 100 times to reach 1 billion.
Now, in this new round of bull market, some coins are priced at 1 billion or even billions as soon as they are born. This is a routine of opening high and going low directly. They are cut as soon as they come out, and then continue to release the locked coins.
The big guys and institutions in this market are all here to make money. They can get cheap goods in the primary market, and they sell them as soon as they go online. Who are they cutting?
Look at it now. People are chasing new things instead of old things. The dealers are playing well. They are worth billions of dollars as soon as they come out. New coins are released every day, and people can't buy them all. Just look at the decline this time. New coins have generally dropped by almost 50%. Those who didn't sell them in time are still losing money now?
However, the dealers now are not stupid. They have to keep their eyes open for new coins that are listed. Most of those who can get rich overnight are in the primary market, relying on new listings, airdrops, and various other ways of making money. In the secondary market, there are very few coins that really perform well. It’s not that there are no good coins, but most of them are not very good.
So I suggest that you should invest heavily in Bitcoin and treat altcoins as a side dish. Once Bitcoin falls by more than 10%, buy it in batches. Don’t invest all in it at once, and don’t bet all on one altcoin. This is too risky.
