At 10 am on September 16, I was short FB, and the price at that time was exactly 30U.
Now the price of FB is 22U.
Like many projects in the cryptocurrency circle, FB is the most profitable project for the first wave of investors, who can double their investment by ten or a hundred times. However, since it is a new thing, investors dare not invest in large positions. Therefore, even if the investment doubles by ten or a hundred times, it is generally doubled at most relative to the total funds.
People who invest in the second wave can make some money. At this time, their positions may be larger, but the wealth effect of the second wave will decrease, but they can still make a lot of money.
When all the KOLs on the Internet are posting, people who get on the train in the third and fourth waves will generally become exit liquidity. This is also the reason why I was short on the 16th.
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