After experiencing many painful lessons and gaining valuable insights in altcoins, I have come to realize a reality:
The true purpose of many project teams issuing altcoins and playing with concepts is to sell coins for profit. That's right, it's to sell the altcoins they hold. The number of projects that genuinely adopt the blockchain revolutionary mindset is almost zero, which is why 99% of altcoins ultimately end up at zero.
Moreover, a common trait among most altcoin project teams is that they pretend their projects are aimed at long-term growth.
It seems these people are using their actions to maintain the value of the 80/20 rule, which has led to the extremely rare phenomenon of genuine hundredfold or thousandfold altcoins.
Additionally, every time a relatively hot altcoin project goes public, there will always be a group of people who treat this altcoin as a mark that will change their lives. This phenomenon occurs almost every time an altcoin is launched.
There is always a group of retail investors who believe that the next second after selling this altcoin, millions of wealth will immediately slip past them, thinking that the moment they sell, there will be an instant surge, and the so-called 'floor price' will bid farewell to them forever.
Whenever I see such retail investors, I feel like I'm looking in the mirror at my former self.
These retail investors love to shout bullish comments without any logic, indulging in wishful thinking.
Whenever there is a downturn, some infatuated individuals would rather believe it is a washout than consider it a 95% drop before a mid-cycle rebound.
$BTC
$ETH
The true purpose of many project teams issuing altcoins and playing with concepts is to sell coins for profit. That's right, it's to sell the altcoins they hold. The number of projects that genuinely adopt the blockchain revolutionary mindset is almost zero, which is why 99% of altcoins ultimately end up at zero.
Moreover, a common trait among most altcoin project teams is that they pretend their projects are aimed at long-term growth.
It seems these people are using their actions to maintain the value of the 80/20 rule, which has led to the extremely rare phenomenon of genuine hundredfold or thousandfold altcoins.
Additionally, every time a relatively hot altcoin project goes public, there will always be a group of people who treat this altcoin as a mark that will change their lives. This phenomenon occurs almost every time an altcoin is launched.
There is always a group of retail investors who believe that the next second after selling this altcoin, millions of wealth will immediately slip past them, thinking that the moment they sell, there will be an instant surge, and the so-called 'floor price' will bid farewell to them forever.
Whenever I see such retail investors, I feel like I'm looking in the mirror at my former self.
These retail investors love to shout bullish comments without any logic, indulging in wishful thinking.
Whenever there is a downturn, some infatuated individuals would rather believe it is a washout than consider it a 95% drop before a mid-cycle rebound.
$BTC
$ETH