Yesterday, I made 14,000 USDT from a short position with init.

Then today, with 0.83, the two accounts combined opened a position of 50,000 USDT.

From the beginning, I had high hopes for this project, but I kept hesitating about whether to short or not, and in the end, I chose to take a small initial position.

To be honest, over the past few months, I've mostly been shorting new coins. I've become afraid of declines, and even for projects I have high hopes for, I haven't dared to go long. Even a few times when I went long, I initially made a profit but ended up losing later.

Last night at 0.65, I really wanted to go in with init, but I hesitated. This morning, when it pulled back to 0.83, I finally took a small initial position. With the bearish chain model, if it gradually stabilizes unlike previous new coins, there won't be a lack of staked buy orders. At the most extreme point of the bearish chain, exchanges were basically emptied by borrowed coins. With init's circulating market cap being smaller, and coinciding with a shift from bearish to bullish, we might see a market cap of 500 million. Can it crush the short sellers and restore the glory of new coins?

Of course, I only bought 50,000 USDT, which is a very small position for me. I'm afraid to go long on new coins; I just want to see if this time is really different.