Some people say ORDI is "God", others say it is "rubbish"
Because he made some people rich, and some people poor. The contradiction between the two is that behind the continuous rise, there must be a group of dead bears.
The more rapid the rise, the crazier the corresponding short-selling force. These are the two extremes of a currency.
From March to September 2024, the shorts have completely avenged the liquidation from September to December 2023.
In the cryptocurrency world, you have to get used to two extremes: when it goes up, it will make you doubt your life, and when it goes down, it will make you doubt your life. This is a process that everyone who enters the cryptocurrency world needs to go through.
If you hold on, there will still be opportunities in the future, but if you lose everything and quit, you will definitely have no chance. It's bloody, but this is the real situation.
ORDI’s popularity has started to pick up recently, but can this bring about a substantial increase in the market?
This needs to be questioned. The previous rise of Ordi was too violent. At that time, it carried too much greed in the market and the bubble was very serious.
Because of the sudden popularity of ORDI, hundreds of thousands of inscriptions appeared in the market in an instant. This kind of get-rich-quick effect is destined to be mainly for harvesting. When the heat is gone, the bubble will begin to dissipate little by little.
The most fearful thing is to be cut by a blunt knife. Those who have studied the fundamentals can still hold on patiently; but those who follow the trend and chase high prices will be embarrassed. Investors above US$53, including those who are trapped in the contract, are in a dilemma.
I have only one suggestion: find a coin with more potential and switch positions.
From the market trend: Ordi weekly line has come out of the top pattern and started to go down, which means that it is easier to fall than to rise.
Although there is still a possibility of a breakthrough, the pressure above $50 is obviously very huge. That is the range where the main force clears the warehouse and distributes high-priced chips. Another reason is that the popularity of the inscription of the big cake has dissipated.
Now the market has become defensive against the inscription sector, and off-market funds have not flowed in. These are all huge mountains that squeeze the momentum of ORDI's rise.
Of course, the above are just personal opinions. We are all adults. We have to face the choices we have made. The results are determined by the process.
