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Taking stock of the several crashes and halvings of virtual currencies in history, each time is thrilling and soul-stirring!
Although Bitcoin has been rising steadily since its birth in 2009, after a long period of time (three years), its price was only $10 until it encountered the first halving in its career.
Bitcoin's first halving on November 28, 2012 "The Battle of Creation"
Within one year after Bitcoin’s first halving, Bitcoin quickly rose from around US$10 to over US$1,100. It increased more than 100 times in one year, and the entire market went crazy.
Until December 5, 2013, the People's Bank of China and five other ministries and commissions issued a notice on preventing Bitcoin risks. Bitcoin cannot and should not be used as currency in the market.
Bitcoin's first halving on November 28, 2012 "The Battle of Creation"
Within one year after Bitcoin’s first halving, Bitcoin quickly rose from around US$10 to over US$1,100. It increased more than 100 times in one year, and the entire market went crazy.
Until December 5, 2013, the People's Bank of China and five other ministries and commissions issued a notice on preventing Bitcoin risks. Bitcoin cannot and should not be used as currency in the market.
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Ten truths about the currency circle
1. You think the success rate of playing contracts is 50%, but in fact, not even 10% of them make money.
2. When you hear that something is very profitable, it’s basically time to take over.
3. When you think the market is finished and everything is going to zero, a bull market is often about to come.
4. When you become more and more certain that a currency is going to skyrocket, it is often the time when the dealer takes action.
5. You think it’s easy to make money in the currency circle, but it’s actually easier to lose money.
6. Do you think the income of KOLs is high? In fact, the income of KOLs who don’t cut leeks is not as good as yours.
7. You think that the native dog has a chance to double 100 times. In fact, the return rate of the native dog is 99.99%.
8. You think the dealer is your enemy and you have to defeat him. In fact, the dealer is our thigh. Only by hugging him tightly can we drink the soup.
9. Do you think the currency circle should be a value investment? In fact, all coins have no value. What generates value is human greed.
10. Do you think that getting rich in the currency industry depends on hard work, but in fact it depends entirely on luck?
1. You think the success rate of playing contracts is 50%, but in fact, not even 10% of them make money.
2. When you hear that something is very profitable, it’s basically time to take over.
3. When you think the market is finished and everything is going to zero, a bull market is often about to come.
4. When you become more and more certain that a currency is going to skyrocket, it is often the time when the dealer takes action.
5. You think it’s easy to make money in the currency circle, but it’s actually easier to lose money.
6. Do you think the income of KOLs is high? In fact, the income of KOLs who don’t cut leeks is not as good as yours.
7. You think that the native dog has a chance to double 100 times. In fact, the return rate of the native dog is 99.99%.
8. You think the dealer is your enemy and you have to defeat him. In fact, the dealer is our thigh. Only by hugging him tightly can we drink the soup.
9. Do you think the currency circle should be a value investment? In fact, all coins have no value. What generates value is human greed.
10. Do you think that getting rich in the currency industry depends on hard work, but in fact it depends entirely on luck?
What can prove that the crypto market has entered a deep bear market?
That is the exchange running away with the money. In past bear markets, several exchanges have gone bankrupt, including some of the top exchanges at that time. Which exchange will be the first to collapse in this round of market conditions?
Let's reminisce about the past incidents of exchanges running away.
Several ways exchanges run away
1. Coins stolen:
Bitcoinica: In 2012, Bitcoinica suffered three consecutive hacker attacks, losing over 100,000 bitcoins and unable to repay, ultimately Bitcoinica quietly shut down in November 2012.
MtGox: On February 7, 2014, MtGox, the largest exchange at that time (handling 70% of global Bitcoin transactions, the leader among global exchanges), also suffered a hacker attack. 850,000 BTC were stolen, and MtGox had no choice but to file for bankruptcy.
Let's reminisce about the past incidents of exchanges running away.
Several ways exchanges run away
1. Coins stolen:
Bitcoinica: In 2012, Bitcoinica suffered three consecutive hacker attacks, losing over 100,000 bitcoins and unable to repay, ultimately Bitcoinica quietly shut down in November 2012.
MtGox: On February 7, 2014, MtGox, the largest exchange at that time (handling 70% of global Bitcoin transactions, the leader among global exchanges), also suffered a hacker attack. 850,000 BTC were stolen, and MtGox had no choice but to file for bankruptcy.
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Our extraordinary life in cryptocurrency
Top ten cryptocurrencies with daily liquidation
Our extraordinary life in cryptocurrency
Top ten cryptocurrencies with daily liquidation
Feeling like being a KOL is about adapting to human nature, or rather, dealing with the flaws of people
It's all about satisfying the lowbrow tastes of the retail investors. Whatever they like to see, you post; whatever they like to hear, you say.
Retail investors like to see girls with big breasts showing off, so you should post provocative selfies more often.
Retail investors like to take risks, so you should constantly post images of returns in the hundreds of thousands.
Retail investors like to watch movies, so you help them find and recommend films.
Retail investors like to see others in worse situations than themselves, so you should tell stories of your own financial losses every day.
Retail investors think they're smart, so you should post about being a fool, constantly being deceived and seeking comfort.
Retail investors are curious, so you should share stories about mental hospitals, infidelity, and casual hookups.
Retail investors like success, so you teach them how to be KOLs, telling them they can easily earn six to seven million a year.
In summary, you must satisfy the dark side of retail investors' psychology.
Never advise them to amend their ways and return to the right path.
Never advise them to stop gambling.
Never advise them on value investment.
What they hate the most is being lectured like a father figure and told to behave.
You need to guide them: come on, let your guard down, trust me, I will make you feel good.
So I am definitely not a qualified KOL.
I neither flatter the big shots nor engage in business flattery, and I don't know how to fool retail investors; I can only quietly be an ordinary investor, which is also quite good.
It's all about satisfying the lowbrow tastes of the retail investors. Whatever they like to see, you post; whatever they like to hear, you say.
Retail investors like to see girls with big breasts showing off, so you should post provocative selfies more often.
Retail investors like to take risks, so you should constantly post images of returns in the hundreds of thousands.
Retail investors like to watch movies, so you help them find and recommend films.
Retail investors like to see others in worse situations than themselves, so you should tell stories of your own financial losses every day.
Retail investors think they're smart, so you should post about being a fool, constantly being deceived and seeking comfort.
Retail investors are curious, so you should share stories about mental hospitals, infidelity, and casual hookups.
Retail investors like success, so you teach them how to be KOLs, telling them they can easily earn six to seven million a year.
In summary, you must satisfy the dark side of retail investors' psychology.
Never advise them to amend their ways and return to the right path.
Never advise them to stop gambling.
Never advise them on value investment.
What they hate the most is being lectured like a father figure and told to behave.
You need to guide them: come on, let your guard down, trust me, I will make you feel good.
So I am definitely not a qualified KOL.
I neither flatter the big shots nor engage in business flattery, and I don't know how to fool retail investors; I can only quietly be an ordinary investor, which is also quite good.
The best months for cryptocurrency markets in history are almost always in October
The golden autumn of the cryptocurrency circle in October is definitely not a bluff; the market in October has always been shining!
October 2013 was the beginning of the first bull market for cryptocurrencies, with Bitcoin reaching a maximum increase of over 65% in October, soaring from $120 to over $200!
In October 2014, the cryptocurrency market experienced a crackdown from five ministries of the People's Bank, coupled with the theft of 850,000 Bitcoins in Mentougou. The market had already cooled to its peak. The entire year was a bear market year, but in October, there was a small rebound from the lowest point of $339 to $410. October 2014 can be considered a relatively good month for the entire year's market.
October 2013 was the beginning of the first bull market for cryptocurrencies, with Bitcoin reaching a maximum increase of over 65% in October, soaring from $120 to over $200!
In October 2014, the cryptocurrency market experienced a crackdown from five ministries of the People's Bank, coupled with the theft of 850,000 Bitcoins in Mentougou. The market had already cooled to its peak. The entire year was a bear market year, but in October, there was a small rebound from the lowest point of $339 to $410. October 2014 can be considered a relatively good month for the entire year's market.
Recently, some coins' money-making logic
DOGE: Has the potential to become the third in the crypto world, betting on institutional investors stepping in to take over.
LTC: The coin is quite old, with a very low market cap, betting on institutional investors stepping in to take control and reap profits, we just follow along for the ride.
OKB: Among platform tokens, its market cap is considered low, betting on OKX making moves to pump it, when OKB rises, it's the best advertisement for attracting people to OKX.
Linea: Betting on the small fox and the bald head running the operation, it can't just be a few billion, the MYX that Linea invested in, which is pure air, can be pumped to 20 billion.
ETH: Betting on institutional investors joining in the carnival, to stabilize the development of stablecoins by stepping in to take over ETH, around 1000 dollars is about the limit.
ARB: Betting on the L2 renaissance, with more institutions and stablecoins being issued on it.
SOL: Betting on the bull market arriving, the big casino business is improving.
DOGE: Has the potential to become the third in the crypto world, betting on institutional investors stepping in to take over.
LTC: The coin is quite old, with a very low market cap, betting on institutional investors stepping in to take control and reap profits, we just follow along for the ride.
OKB: Among platform tokens, its market cap is considered low, betting on OKX making moves to pump it, when OKB rises, it's the best advertisement for attracting people to OKX.
Linea: Betting on the small fox and the bald head running the operation, it can't just be a few billion, the MYX that Linea invested in, which is pure air, can be pumped to 20 billion.
ETH: Betting on institutional investors joining in the carnival, to stabilize the development of stablecoins by stepping in to take over ETH, around 1000 dollars is about the limit.
ARB: Betting on the L2 renaissance, with more institutions and stablecoins being issued on it.
SOL: Betting on the bull market arriving, the big casino business is improving.
No institutions are entering the market; relying on retail investors alone cannot drive it up.
How should Litecoin get out of trouble?
$LTC fuck litecoin's miner.... How should Litecoin get out of trouble? Let's all talk about it.
We have seen the current status of Litecoin, and other coins that are not as good as Litecoin can rise by more than 10%, while Litecoin can only rise by 2% at most. From the perspective of old hands in the cryptocurrency circle, no matter what angle you look at it, Litecoin is second only to Bitcoin. It is manufactured in the United States, with a technical giant as its founder, who has no selfish motives and is dedicated to Litecoin. The Litecoin Foundation colleagues work diligently and have never stopped promoting the development of Litecoin. But what is the result? The price of Litecoin has always lagged behind. If it developed normally, the price of Litecoin would be at least over $2000 now.
We have seen the current status of Litecoin, and other coins that are not as good as Litecoin can rise by more than 10%, while Litecoin can only rise by 2% at most. From the perspective of old hands in the cryptocurrency circle, no matter what angle you look at it, Litecoin is second only to Bitcoin. It is manufactured in the United States, with a technical giant as its founder, who has no selfish motives and is dedicated to Litecoin. The Litecoin Foundation colleagues work diligently and have never stopped promoting the development of Litecoin. But what is the result? The price of Litecoin has always lagged behind. If it developed normally, the price of Litecoin would be at least over $2000 now.
The goal of the entire cryptocurrency industry in the next phase
is to find the third project that can break through the trillion-dollar market value
The consensus around Dogecoin is still very strong
Many people say that Dogecoin is just a meme coin that copies Bitcoin's code, with no innovation or technology.
I admit that this statement is not without merit, but Dogecoin's popularity in the entire cryptocurrency market can definitely rank in the top five. Apart from Bitcoin and Ethereum, which other cryptocurrency dares to say it surpasses Dogecoin in popularity??
Elon Musk frequently promotes it + the highly recognized efficiency department of the government
has made it clear to every person in the world what the four letters 'doge' mean.
Dogecoin has no value other than consensus
But the most important thing in the cryptocurrency market is consensus, not technology
Only altcoins will claim how good their technology is and how bright their future is. Without consensus, technology is needed to support it.
And technology will always be replaced by updates, while consensus is the cornerstone of lasting value.
Many people have been looking for a third cryptocurrency besides Bitcoin and Ethereum. If there really is a third one that can reach a trillion-dollar market value level, Dogecoin has a great opportunity.
The key issue is that Dogecoin's output has not been halved, with a fixed output of 5 billion each year, while Bitcoin's halving mechanism will cause production costs to rise sharply.
But if it really can open up a trillion-dollar market, 5 billion coins a year is not a big deal..
is to find the third project that can break through the trillion-dollar market value
The consensus around Dogecoin is still very strong
Many people say that Dogecoin is just a meme coin that copies Bitcoin's code, with no innovation or technology.
I admit that this statement is not without merit, but Dogecoin's popularity in the entire cryptocurrency market can definitely rank in the top five. Apart from Bitcoin and Ethereum, which other cryptocurrency dares to say it surpasses Dogecoin in popularity??
Elon Musk frequently promotes it + the highly recognized efficiency department of the government
has made it clear to every person in the world what the four letters 'doge' mean.
Dogecoin has no value other than consensus
But the most important thing in the cryptocurrency market is consensus, not technology
Only altcoins will claim how good their technology is and how bright their future is. Without consensus, technology is needed to support it.
And technology will always be replaced by updates, while consensus is the cornerstone of lasting value.
Many people have been looking for a third cryptocurrency besides Bitcoin and Ethereum. If there really is a third one that can reach a trillion-dollar market value level, Dogecoin has a great opportunity.
The key issue is that Dogecoin's output has not been halved, with a fixed output of 5 billion each year, while Bitcoin's halving mechanism will cause production costs to rise sharply.
But if it really can open up a trillion-dollar market, 5 billion coins a year is not a big deal..
Brother, withdrawing is correct, no problem, but you say there are no coins in the exchange?? You should check the blockchain explorer, the vast majority are Dogecoin and they are all in the Binance wallet...
$DOGE Hurry to withdraw the Dogecoin spot you bought, the exchange simply does not have so many coins for delivery, beware of false sell orders crashing the market
I remember the bull market from before
The higher the price of the coin rises, the more people buy
The more people buy, the more the price skyrockets
Several times, tens of times of price surge
All coins rise without any logic
This kind of market has not been seen for more than four years
It's time for another explosion
Looking forward to the dual benefits of interest rate cuts and ETFs
Let the super bull market come again
Let people from traditional industries take a good look
The crypto world is the easiest place for the underdogs to turn their fortunes around
The higher the price of the coin rises, the more people buy
The more people buy, the more the price skyrockets
Several times, tens of times of price surge
All coins rise without any logic
This kind of market has not been seen for more than four years
It's time for another explosion
Looking forward to the dual benefits of interest rate cuts and ETFs
Let the super bull market come again
Let people from traditional industries take a good look
The crypto world is the easiest place for the underdogs to turn their fortunes around
The social media company Thumzup, supported by Trump's son, will acquire Dogehash Technologies, $DOGE and $LTC mining companies through an all-stock transaction.
This represents a further expansion of the Trump family's presence in the cryptocurrency space.
But why choose the doge and LTC track?
Because the mining industry is one of the few stable and profitable sectors in the entire cryptocurrency market, which has long been dominated by the BTC and ETH duopoly. However, ETH has now switched to PoS,
while projects like KAS, ETC, and ETHW are considered less mainstream.
Projects like XMR that rely on CPU mining have not shown much profit.
The price of BTC is already very high and stable.
In the mining industry, besides BTC, only doge and LTC stand out, and both LTC and doge use the same type of mining machine. The Trump family's investment in this sector is a profoundly strategic consideration.
doge and LTC still have relatively low market capitalizations but very high recognition, with certain potential for the future, and the mining machine industry also holds great promise!
In the short term, their prices compared to BTC do look poor.
However, with low prices and high recognition, it is easy to manipulate the market.
As long as there are strong market makers entering the scene, combined with some promotion
and favorable news, doge and LTC can easily take off and attract a large number of external players to buy!!
The short-term trends are difficult to predict, but in the long term, this is a very good move!
This represents a further expansion of the Trump family's presence in the cryptocurrency space.
But why choose the doge and LTC track?
Because the mining industry is one of the few stable and profitable sectors in the entire cryptocurrency market, which has long been dominated by the BTC and ETH duopoly. However, ETH has now switched to PoS,
while projects like KAS, ETC, and ETHW are considered less mainstream.
Projects like XMR that rely on CPU mining have not shown much profit.
The price of BTC is already very high and stable.
In the mining industry, besides BTC, only doge and LTC stand out, and both LTC and doge use the same type of mining machine. The Trump family's investment in this sector is a profoundly strategic consideration.
doge and LTC still have relatively low market capitalizations but very high recognition, with certain potential for the future, and the mining machine industry also holds great promise!
In the short term, their prices compared to BTC do look poor.
However, with low prices and high recognition, it is easy to manipulate the market.
As long as there are strong market makers entering the scene, combined with some promotion
and favorable news, doge and LTC can easily take off and attract a large number of external players to buy!!
The short-term trends are difficult to predict, but in the long term, this is a very good move!
The concept of inscriptions is redundant; it is another coin built on top of a coin, a coin within a coin.
OKB has risen like this, total coin supply of 21 million, ORDI has fallen like this, total coin supply of 21 million, where is the difference?🧐
Litecoin mining machines have been doing this for so many years, with such good computing power. It's not something they can just touch and make me sad, unless all Litecoin mining machines support them. Is that possible?
With a market value of 35 billion, Dogecoin was surprisingly chosen as a target for attack? How do we proceed?
Last night I saw a pretty explosive piece of news and wanted to share it with everyone. The AI blockchain project Qubic has surprisingly started 'voting to decide who to attack.' I even checked specifically, and recently they launched a 51% attack on Monero (XMR), seizing most of the hash power and forcibly rewriting the blocks. As a result, Kraken exchange directly suspended XMR deposits due to safety concerns.
Now it’s even more exciting, as these people have now set their sights on Dogecoin (DOGE). After a community vote, Qubic decided that the next target is not Zcash, nor Kaspa, but the DOGE with a market value of 35 billion dollars.
Many may not understand what a 51% attack means; simply put, whoever controls more than half of the hash power can influence the chain, and even has the opportunity to double-spend or interfere with transactions. Previously, people thought that only small coins were prone to issues, but Qubic's actions this time have called into question the security of all PoW altcoins.
There’s a saying in the crypto world: hotspots are the direction of funds. Regardless of whether it's true or false, those holding DOGE should pay more attention. If you see this, brothers, give a free follow and a like. Any updates will also be posted in the square #加密市场回调 .
Last night I saw a pretty explosive piece of news and wanted to share it with everyone. The AI blockchain project Qubic has surprisingly started 'voting to decide who to attack.' I even checked specifically, and recently they launched a 51% attack on Monero (XMR), seizing most of the hash power and forcibly rewriting the blocks. As a result, Kraken exchange directly suspended XMR deposits due to safety concerns.
Now it’s even more exciting, as these people have now set their sights on Dogecoin (DOGE). After a community vote, Qubic decided that the next target is not Zcash, nor Kaspa, but the DOGE with a market value of 35 billion dollars.
Many may not understand what a 51% attack means; simply put, whoever controls more than half of the hash power can influence the chain, and even has the opportunity to double-spend or interfere with transactions. Previously, people thought that only small coins were prone to issues, but Qubic's actions this time have called into question the security of all PoW altcoins.
There’s a saying in the crypto world: hotspots are the direction of funds. Regardless of whether it's true or false, those holding DOGE should pay more attention. If you see this, brothers, give a free follow and a like. Any updates will also be posted in the square #加密市场回调 .
The unpredictable human heart, the annoying social interactions, and the declining physical industries make me unable to see the future, so I choose to trade.
At that time, I thought trading was very simple; trading was just about going up and down. As long as I could see through the ups and downs, I could have a continuous flow of wealth, which was much easier than understanding the human heart.
A few years later, I realized that most people who trade actually do not make money because it is too difficult to overcome the weaknesses of human nature.
So who really makes money??
It's the ones who deceive you into trading.
The core of making real money is summed up in one word: deceive
Deceive you into believing in a project
Deceive you into believing that you can get rich overnight
Deceive you into thinking that becoming wealthy is very simple
In fact, the means of making money in various industries are mostly deception
And they operate on the edge of the law
Rather than relying on their own efforts.
It’s just that
Some people believe in cause and effect and find contentment in being honest; they may not lack achievements.
Some people choose wealth and give up their moral bottom line; I won't comment further on that.
Personally, I believe in cause and effect.
But the vast majority of people do not believe; they only believe in money, and they abandon all moral bottom lines. Not everyone has the opportunity to obtain money.
At that time, I thought trading was very simple; trading was just about going up and down. As long as I could see through the ups and downs, I could have a continuous flow of wealth, which was much easier than understanding the human heart.
A few years later, I realized that most people who trade actually do not make money because it is too difficult to overcome the weaknesses of human nature.
So who really makes money??
It's the ones who deceive you into trading.
The core of making real money is summed up in one word: deceive
Deceive you into believing in a project
Deceive you into believing that you can get rich overnight
Deceive you into thinking that becoming wealthy is very simple
In fact, the means of making money in various industries are mostly deception
And they operate on the edge of the law
Rather than relying on their own efforts.
It’s just that
Some people believe in cause and effect and find contentment in being honest; they may not lack achievements.
Some people choose wealth and give up their moral bottom line; I won't comment further on that.
Personally, I believe in cause and effect.
But the vast majority of people do not believe; they only believe in money, and they abandon all moral bottom lines. Not everyone has the opportunity to obtain money.
Doge's copied LTC code, so using the exact same mining machine, and the possibility of LTC passing through ETF this year is very high
Many coins are destined for a bad end, like Litecoin. Most people who buy Litecoin are just some pathetic guys. They can't afford Bitcoin, but they recognize Bitcoin and then comfort themselves by buying a Litecoin that is somewhat similar to Bitcoin. Let me put it this way, villas with independent courtyards rarely drop this much, and some even rise against the trend, but those concrete boxes, what have they dropped to? $LTC I've said it before, Litecoin is just the cesspool and toilet for BTC, XRP, and ETH. Going to zero is just a matter of time. Decentralization, why don't I buy Bitcoin? POW, why don't I buy Doge? Smart contracts, why don't I buy Ethereum? In fact, you all have the answers in your hearts, deep down you don't believe in LTC, but because it has dropped a lot, you think it will rebound. But the reality is, junk assets will only continue to be harvested. $LTC
The Past and Present of Dogecoin
Dogecoin itself is a satire, and the purpose of its establishment.
It is precisely to prove that cryptocurrency is a scam through Dogecoin, until Bitcoin and the entire crypto space is ended.
The founder of Dogecoin believes that the Bitcoin invented by Satoshi Nakamoto seriously undermines everyone's intelligence.
Therefore, when designing Dogecoin, it was created entirely in contrast to Bitcoin.
Deliberately going against the investment logic of the crypto space.
As a result, all the most absurd designs combined together have cleverly become an unprecedented masterpiece!
This made Dogecoin one of the strongest cryptocurrencies besides Bitcoin and the most likely to bring cryptocurrency into every household!
It is precisely to prove that cryptocurrency is a scam through Dogecoin, until Bitcoin and the entire crypto space is ended.
The founder of Dogecoin believes that the Bitcoin invented by Satoshi Nakamoto seriously undermines everyone's intelligence.
Therefore, when designing Dogecoin, it was created entirely in contrast to Bitcoin.
Deliberately going against the investment logic of the crypto space.
As a result, all the most absurd designs combined together have cleverly become an unprecedented masterpiece!
This made Dogecoin one of the strongest cryptocurrencies besides Bitcoin and the most likely to bring cryptocurrency into every household!
Many strong investors like 'orphaned currencies'
When such a currency rises, countless people will follow the trend to take over, yet there is not much risk involved, making it irresistible.
What is an orphaned currency?
1. This currency is not issued by me.
I want to be the investor but do not want to bear legal risks, so I can only find one that everyone knows is issued by someone else. Although I have become the investor now, externally I am just an 'investor'.
2. This currency was once very famous but is now deserted.
Almost everyone knows this currency; it has just dropped significantly, lost its popularity, and the price of chips is very low. With minimal investment, one can become the absolute investor. The former fame can still be used for promotion, and when pulling up the price, it will attract attention.
3. The founder does not hold any coins.
The former founder has exited, losing their influence. In the future, once the price is raised, no one can control the trend of this currency; only I, as the investor, can perfectly control the situation.
-
This is the advantage of orphaned currencies.
High recognition, with just a little promotion it can attract attention,
The currency price has dropped significantly, and with a bit of money, one can buy all the chips.
The founder has exited, and from now on, I will have the final say.
This currency is not issued by me, I have no legal risks, and I can cut it however I want. I can say that I am just an investor, not the bad guy who issued the currency.
-
There are many successful cases of such currencies in the market. I don't need to say much; everyone can find one or two. Many big shots from outside the industry want to be an investor in the currency circle.
So orphaned currencies are undoubtedly the best choice.
And we retail investors can also position ourselves,
With the least amount of money, we can buy opportunities that are a hundred or a thousand times better.
It has already dropped significantly; as long as it doesn't get delisted, we won't lose much.
This is an interesting thought, so everyone should grasp it.
When such a currency rises, countless people will follow the trend to take over, yet there is not much risk involved, making it irresistible.
What is an orphaned currency?
1. This currency is not issued by me.
I want to be the investor but do not want to bear legal risks, so I can only find one that everyone knows is issued by someone else. Although I have become the investor now, externally I am just an 'investor'.
2. This currency was once very famous but is now deserted.
Almost everyone knows this currency; it has just dropped significantly, lost its popularity, and the price of chips is very low. With minimal investment, one can become the absolute investor. The former fame can still be used for promotion, and when pulling up the price, it will attract attention.
3. The founder does not hold any coins.
The former founder has exited, losing their influence. In the future, once the price is raised, no one can control the trend of this currency; only I, as the investor, can perfectly control the situation.
-
This is the advantage of orphaned currencies.
High recognition, with just a little promotion it can attract attention,
The currency price has dropped significantly, and with a bit of money, one can buy all the chips.
The founder has exited, and from now on, I will have the final say.
This currency is not issued by me, I have no legal risks, and I can cut it however I want. I can say that I am just an investor, not the bad guy who issued the currency.
-
There are many successful cases of such currencies in the market. I don't need to say much; everyone can find one or two. Many big shots from outside the industry want to be an investor in the currency circle.
So orphaned currencies are undoubtedly the best choice.
And we retail investors can also position ourselves,
With the least amount of money, we can buy opportunities that are a hundred or a thousand times better.
It has already dropped significantly; as long as it doesn't get delisted, we won't lose much.
This is an interesting thought, so everyone should grasp it.
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