1: People are naturally risk-averse and don’t dare to invest heavily in a market without taking it seriously.
2: The heavy positions do not rise, because everyone is optimistic about this coin, which is the leader, but people often participate in it after the surge, which is already overvalued. There are heavy positions above, and no big investors or institutions will release everyone, so it is bound to fall back.
3: Light positions often surge. A big reason is that it is a new currency and a new concept. No one can understand it and dares not hold a heavy position. The car is light and can be pulled, which attracts people outside the market to get on board.
4: Dark horse coins are often born in unknown corners. For example, few people dared to hold a large position in PEPE at the beginning. After the surge, people on Twitter and Weibo were discussing it. However, it has risen more than 10 times or 100 times. If you enter the market again, you can only take over the position. It will fall instead of rise.
The most difficult thing in the cryptocurrency world is not how accurate your analysis is, nor is it that you are lucky enough to enter a certain coin and suddenly it rises a hundred times, making you rich overnight. The difficult thing is cognition. The difficult thing is patience to become rich.
