分析师逍遥哥
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Bullish
Am I really wrong? Shouldn't I have the fantasy of getting rich overnight with PI coins?
Yesterday's reappearance: An analysis of yesterday's Pi coin crash from a retail investor's perspective
The tragic scene of yesterday's Pi coin mainnet launch can be regarded as the most vivid investor education case in the blockchain industry. This project, which once boasted of "subverting Bitcoin", staged a textbook-level harvesting drama in the spotlight - it fell below the $1 defense line within less than two hours after opening, and collectively trapped investors who built positions at $3 in the off-site market. Behind this liquidity trap, the suffocating survival rules of the crypto market are exposed:
First, the gap between traffic bubbles and value realization is beyond imagination. The community scale of tens of millions carefully planned by the project party is essentially a Ponzi hotbed of passing the buck. When the mainnet launch unveiled the last veil, the circulation of less than 200 million was just a small boat in the ocean in front of the project party's massive inventory. Those speculators who expected "traffic is value" eventually found that they were the real liquidity.
Second, the project party's control methods have formed an industrialized harvesting chain. From the deliberate delay of KYC certification, to the short-selling cooperation in the futures market, to the violent selling in the spot market, the whole harvesting system is closely linked. The so-called "community consensus" is nothing more than a puppet used by the project party to adjust the selling rhythm. When the 30-minute line shows a waterfall-like decline, all technical analysis becomes black humor.
More fatally, this farce confirms the cruelest truth of the crypto market: in the dark forest of zero-sum game, the bullets of the project party are always one order of magnitude more than those of retail investors. Those investors who fantasize about the benefits of "pork trotter rice" eventually become living fuel to maintain the smoothness of the currency price curve. When the thickness of the selling orders on the exchange's order book breaks through the sky, the so-called value support is nothing more than a psychological defense line of self-deception.
This absurd drama has left the market with not only the eternal pillar of shame on the K-line chart, but also should awaken retail investors to a clear understanding of the nature of the crypto market: in the wild land without supervision, traffic and consensus are nothing more than baits carefully designed by dealers, and most people are destined to pay IQ tax for their greed. When the project party starts the harvesting process, even air will become a bargaining chip for short selling. #参与投票-PI该上线币安吗？ $BTC
Yesterday's reappearance: An analysis of yesterday's Pi coin crash from a retail investor's perspective
The tragic scene of yesterday's Pi coin mainnet launch can be regarded as the most vivid investor education case in the blockchain industry. This project, which once boasted of "subverting Bitcoin", staged a textbook-level harvesting drama in the spotlight - it fell below the $1 defense line within less than two hours after opening, and collectively trapped investors who built positions at $3 in the off-site market. Behind this liquidity trap, the suffocating survival rules of the crypto market are exposed:
First, the gap between traffic bubbles and value realization is beyond imagination. The community scale of tens of millions carefully planned by the project party is essentially a Ponzi hotbed of passing the buck. When the mainnet launch unveiled the last veil, the circulation of less than 200 million was just a small boat in the ocean in front of the project party's massive inventory. Those speculators who expected "traffic is value" eventually found that they were the real liquidity.
Second, the project party's control methods have formed an industrialized harvesting chain. From the deliberate delay of KYC certification, to the short-selling cooperation in the futures market, to the violent selling in the spot market, the whole harvesting system is closely linked. The so-called "community consensus" is nothing more than a puppet used by the project party to adjust the selling rhythm. When the 30-minute line shows a waterfall-like decline, all technical analysis becomes black humor.
More fatally, this farce confirms the cruelest truth of the crypto market: in the dark forest of zero-sum game, the bullets of the project party are always one order of magnitude more than those of retail investors. Those investors who fantasize about the benefits of "pork trotter rice" eventually become living fuel to maintain the smoothness of the currency price curve. When the thickness of the selling orders on the exchange's order book breaks through the sky, the so-called value support is nothing more than a psychological defense line of self-deception.
This absurd drama has left the market with not only the eternal pillar of shame on the K-line chart, but also should awaken retail investors to a clear understanding of the nature of the crypto market: in the wild land without supervision, traffic and consensus are nothing more than baits carefully designed by dealers, and most people are destined to pay IQ tax for their greed. When the project party starts the harvesting process, even air will become a bargaining chip for short selling. #参与投票-PI该上线币安吗？ $BTC
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